Despite the current economic challenges, the local luxury market is thriving as shown by the confidence of companies and the launching of high-end products for the local market. DMCI Homes Inc.,the real-estate arm of DMCI Holdings, recently launched the Fortis Residences, the company’s second project under its premium brand, DMCI Homes Exclusive. DMCI Homes Pres...
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Moreover, Diokno said the revival of tourism in the country will also propel the real estate industry’s growth as travel restrictions become less stringent. Real estate has been a significant player in the Philippine economy, however, commercial spaces, home rentals, and sales took a downturn during the pandemic. “Our economic prospects are promising,” Diokno said at the re...
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My favorite types of real estate deals are the ones where I get properties free. The most common way people get free real estate is through inheritance. Unfortunately for me, I have no rich uncles to leave properties for me to inherit. Real estate is the most powerful wealth creation tool. If used correctly, you can create your own inheritance. Deals involving raw land are some of my favorites,...
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Bob Mangat and CEO & Founder of the 1440 Group, a real estate investment and development firm in Vancouver, BC Canada. For individuals who want to invest in commercial real estate, but may lack the stomach to go all-in individually, or even to have the bulk of liability for a new entity, a real estate limited partnership may offer the right risk-reward ratio—keeping mor...
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Vista Land & Lifescapes (VLL) of ultra bilyonaryo Manny Villar might have limited exposure to Philippine Offshore Gaming Operations (POGO), but it is the most at risk to an economic fallout from the proposed ban on Chinese-backed tenants. VLL has the biggest loan exposure among the country’s top property companies with a net debt to equity ratio of 128 percent. The rest of the Big...
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Energy Secretary Raphael Lotilla welcomed the Department of Justice (DOJ) opinion that relaxes foreign ownership restrictions in renewable energy sector. DOJ has opined that exploration, development, and utilization of inexhaustible RE sources are not subject to the 60:40 foreign equity limitation as provided under Section 2, Article XII of the Constitution. The DOJ also noted that the &ldqu...
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