News

CLI wants to develop province-owned lots

HOMEGROWN property developer Cebu Landmasters Inc. (CLI) has expressed interest in developing prime lots owned by the Provincial Government. The development was confirmed by Gov. Gwendolyn Garcia who met with officials of CLI on Monday, Jan. 13, 2020. “They expressed their interest to participate in any bidding for the development of several strategically located and highly valuable pr...

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City of Dreams switches on solar rooftop panels to supply 20% of its need

City of Dreams (CoD) Manila, the country’s first integrated resort to harness solar energy, on Monday switched on its 1.2-megawatt (MW) solar rooftop panels installed by a subsidiary of the Manila Electric Co. (Meralco). There are 3,120 solar PV panels installed on a 6,436-square, meter area across two buildings. The P76-million solar project can generate power of up to 1,730 megawatt hou...

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Mandani Bay to turnover 1.2k units in April; Phase 3 in planning stage

PROPERTY developer HT Land Inc. will turn over 1,200 condo units of Towers 1 and 2 of Mandani Bay Suites starting April this year. Gilbert Ang, Mandani Bay project director, said the turnover of the first two Phase 1 Mandani Bay Suites towers will set the standard for other developments that will be built inside the 20-hectare master-planned project in North Reclamation Area in Mandaue City....

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DHUD to Obo: 'Scrutinize projects to protect buyers'

WITH the non-stop construction of high-rise buildings in Metro Cebu, the Department of Housing and Urban Development (DHUD), formerly Housing and Land Use Regulatory Board, reminds developers to make sure that the structural integrity of their buildings can withstand natural calamities like earthquakes. Francis Ordeniza, Director of the DHUD of Central Visayas, told SunStar Cebu that buildings...

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Monaco reclaims land to build more luxury flats

MONACO — Tiny Monaco is set to grow by six hectares under plans to reclaim land from the Mediterranean and build more luxury apartments and posh boutiques with fine sea views. The second smallest state in the world after the Vatican, Monaco is also home to the world’s most expensive property market and the project is intended to relieve some pressure on housing in the principality,...

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Davao manufacturer ventures into hotel business

DAVAO CITY — The family behind weighing scale manufacturer First Philippine Scales Inc. (FPSI) has ventured into the hotel business, taking advantage of a 2,000-square meter prime property in Davao City where the new Blue Lotus Hotel now stands. The lot along Quimpo Boulevard, one of the main roads in the city, was originally planned by the Policarpio family for an FPSI showroom for its F...

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