News

Upbeat outlook prompts CLI to invest in high-rise villages

CEBU, Philippines — Publicly-listed property developer Cebu Landmasters Inc. (CLI) has introduced its newest residential condominium project in Mandaue City, Mandtra Residences, noting an impressive turnout of interest among buyers. The three-tower development, situated in a 2.4-hectare property in barangay Casuntingan, Mandaue City, is a partnership with Ixidor Holdings Inc., headed by f...

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Megaworld builds second hotel in eco township in Palawan

Megaworld, the country’s premiere property developer and operator, is constructing its second hotel in the 462-hectare Paragua Coastown ecotourism township in San Vicente, boasting easy beach access and scenic mountain vistas. In the property giant’s statement this Thursday, it announced the development of the 10-storey Paragua Sands Hotel, offering 313 diverse-layout guest rooms an...

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Common Precautions to Take When Buying Pre-Selling Properties

Common Precautions to Take When Buying Pre-Selling Properties   When considering the purchase of a pre-selling property, it's essential to exercise caution and thorough due diligence to ensure a successful and satisfying investment. Here are some common precautions to follow when buying a pre-selling property:   1. Visit the Project Location: Physically visiting the locat...

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Ayala Land’s 9-month net income jumps 38% to P18.4B

MANILA  -Property giant Ayala Land Inc. saw profits soar 38 percent to P18.4 billion during the first nine months of the year on strong mall revenues and stable housing sales. Total revenues from January to September expanded by 15 percent to P98.9 billion versus the same period last year, a stock exchange filing on Wednesday showed. “The strong performance of our various business...

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The benefits of high-rise development in emerging provinces

“Tall buildings are a source of pride for our city.” These famous lines by former New York City Mayor Michael Bloomberg may have referred to the skyscrapers of the Big Apple, but they basically ring true everywhere. Tall structures are often seen as symbols of a city’s prosperity. A skyscraper in your area means that investors are attracted to the place’s development. B...

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Rising Land Costs Pose Significant Challenge for Economic and Socialized Housing Development in Metro Cebu

Rising Land Costs Pose Significant Challenge for Economic and Socialized Housing Development in Metro Cebu By: Samuel Lao, Real Estate Broker - Cebu City, October 22, 2023   The bustling urban sprawl of Metro Cebu, stretching from Cebu City to Carcar in the South and Danao to the North, has long been a hub of economic growth and development. However, a pressing issue now threatens to...

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