News

Chinese horoscopes for the Year of the Wood Dragon 2024: zodiac sign predictions for health, wealth, work and love, as well as the dragon’s effect on the environment, AI, space travel and technology

Posted on Tue, Jan 9, 2024 1:43 PM by DR. SAMUEL O. LAO in Real Estate News

AI will seriously take our world by force. Digital technology and robotic developments will increase and there will be healthcare breakthroughs: overall, 2024 will be disruptive but with positive innovations taking us into the future.   Space Being the only mythical creature of the Chinese zodiac representing the earth and other planets, we may look ahead to conquering other planets...

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6 completed and upcoming infrastructure projects that highlight Cebu’s economic prowess

Posted on Fri, Jan 5, 2024 4:20 PM by DR. SAMUEL O. LAO in Real Estate News

Cebu’s already-formidable economy has experienced rapid growth in recent years, thanks in part to the recent completion and greenlighting of several high-impact infrastructure projects. These projects are further heightening Cebu’s status as a regional business and cultural hub, improving connectivity, generating high-value jobs, and enhancing the quality of life for residents. ...

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Home prices rise further in Q3

Posted on Tue, Jan 2, 2024 5:59 PM by DR. SAMUEL O. LAO in Real Estate News

MANILA, Philippines — Home prices rose further, although at a slower pace, in the third quarter last year as high interest rates continued to increase monthly housing costs, according to the Bangko Sentral ng Pilipinas (BSP). The central bank’s Residential Real Estate Price Index (RREPI) rose by 12.9 percent to 167.7 in the third quarter of 2023 from 148.6 in the same quarter in 202...

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PH house prices up 13% in Q3 -- BSP

Posted on Tue, Jan 2, 2024 5:52 PM by DR. SAMUEL O. LAO in Real Estate News

Prices of residential real estate went up by 12.9 percent year-on-year as of the third quarter 2023 amid the continued expansion of housing loans across the country, according to the latest Residential Real Estate Price Index (RREPI) of the Bangko Sentral ng Pilipinas (BSP). The RREPI, which is a BSP tool to assess the real estate and credit market conditions in the Philippines, measures the av...

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2023 PH investment approval scores all-time high Php1.16-T, says DTI

Posted on Fri, Dec 29, 2023 11:51 AM by DR. SAMUEL O. LAO in Real Estate News

The aggressive investment promotion activities of President Ferdinand R. Marcos Jr. in the Philippines and abroad has earned a Php1.16 trillion in investment approvals for 2023, the highest in the last five decades, the Board of Investments (BOI) reported on Wednesday. In a statement, Department of Trade and Industry (DTI) Secretary and BOI Chairman Alfredo Pascual expressed optimism that this...

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PH one of top performing Asian countries in 2023

Posted on Fri, Dec 29, 2023 11:44 AM by DR. SAMUEL O. LAO in Real Estate News

MANILA – The Philippine economy grew by 5.9 percent in the third quarter of the year, bringing the year-to-date economic growth to 5.5 percent. National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said this makes the Philippines among the best-performing economies in Asia. “In the face of many domestic and international challenges, we have effectively im...

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