A Real Estate Investment Trust (REIT) is a corporation that: • is listed on a public stock exchange with at least 33 percent of its outstanding shares owned by the investing public; • must invest 75 percent of its total assets in income-generating real property; • must distribute 90 percent of its unretained earnings to its shareholders; and • must have a minimum pa...
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MANILA – Citing the urgent need to eradicate homelessness in the country, Senator Christopher Lawrence “Bong” Go on Wednesday called for renewed support for a bill he has filed in July 2019, which aims to provide continuous funding support for a large scale pro-poor housing program in the country. Senate Bill No. 203, or the National Housing Development, Production and Fi...
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MANILA, Philippines — The local housing sector is in need of more funding from the government to ensure decent living conditions for all, according to the Department of Human Settlements and Urban Development (DHSUD). DHSUD chief Eduardo del Rosario said he is optimistic that the National Housing Development, Production and Financing Act of 2019 would soon be enacted into law. The bill...
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MANILA, Philippines — Local government units (LGUs) may now resume the eviction of informal settler families (ISFs) in so-called danger areas. The Department of the Interior and Local Government (DILG), in a memorandum circular dated March 11, has lifted its previous directive last April 2, 2020 postponing all administrative demolition and eviction activities. The national government o...
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Quantum Residences is Taft Avenue’s upcoming condominium development, offering the hardworking student and young professional their dream home in a vibrant residential community. Developed by Horizon Land Property, Inc., a subsidiary of the premier real estate developer Federal Land, Inc., the high-rise and mixed-use condominium strategically stands at the crossroads of Makati, Mani...
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I-LAND, the real estate arm of ISOC Holdings, Inc., is focusing on developing residential, commercial and leisure projects with “green-inspired” designs. “Economic growth is important to us, but so is protecting the environment amid climate change. Thus, our mission at I-Land is to promote healthy surroundings, overall well-being in our communities, and ensure environmental st...
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