News

Phuket real estate breaks records, welcomes pioneering green development ‘Gardens of Eden’

Posted on Thu, Feb 1, 2024 11:27 AM by DR. SAMUEL O. LAO in Real Estate News

The property market in Phuket is deemed the leading destination for luxury real estate development and investment in 2023, reported The Phuket News, citing data from Colliers International.  Phattharachai Thaweewong, the director of research and communications at Colliers International Thailand, revealed that the emergence of luxury villas and condominiums in the Bang Tao area on the...

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How to Get Started in Real Estate Investing: Tips for Beginners

Posted on Mon, Jan 29, 2024 10:47 AM by DR. SAMUEL O. LAO in Real Estate News

How to Get Started in Real Estate Investing: Tips for Beginners Real estate investing can be a profitable and rewarding way to grow your wealth, but it can also be intimidating for beginners. Here are some tips to help you get started in real estate investing: Educate yourself: Take time to learn about real estate investing and the different strategies available to you. You can read books, a...

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World Bank: Restructure BRT financing due to delays

Posted on Mon, Jan 29, 2024 10:45 AM by DR. SAMUEL O. LAO in Real Estate News

FOLLOWING delays in the implementation of the Cebu Bus Rapid Transit (BRT), the World Bank has proposed a restructuring of its financing package for the project, including an extension of the project’s closing date to Sept. 30, 2026 from the current Jan. 30, 2024. The World Bank also proposed revisions to the project’s components, extension of the deadlines for compliance with agree...

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Cash remittances up at $30 B end-Nov. 2023

Posted on Thu, Jan 25, 2024 5:26 PM by DR. SAMUEL O. LAO in Real Estate News

Overseas Filipinos’ cash remittances increased by 2.8 percent year-on-year to $30.211 billion as of end-November 2023 from $29.38 billion same time in 2022, based on the latest data from the Bangko Sentral ng Pilipinas (BSP). The BSP said Monday, Jan. 15, that for the month of November, remittances sent through official banking channels rose by 2.8 percent to $2.719 billion from $2.644 bi...

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BIR raises VAT exemption to P3.6M for residential property sales

Posted on Fri, Jan 19, 2024 2:57 PM by DR. SAMUEL O. LAO in Real Estate News

Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr. has issued Revenue Regulation No. 1-2024, increasing the value-added tax (VAT) exemption threshold for the sale of houses and lots and other residential dwellings. The revised threshold now stands at P3.6 million, up from the previous P3.2 million. This revision aligns with Section 109 (P) of the National Internal Revenue Cod...

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DMCI Holdings maintains positive outlook for 2024

Posted on Fri, Jan 12, 2024 10:42 AM by DR. SAMUEL O. LAO in Real Estate News

MANILA – Diversified conglomerate DMCI Holdings Inc. has maintained its positive outlook for 2024 due to cooling inflation and stabilizing interest rates. “Overall, we expect the DMCI group to deliver another resilient performance this year,” DMCI Holdings chairman and president Isidro Consunji said in a disclosure to the Philippine Stock Exchange Wednesday. Consunji s...

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