DMCI Project Developers, Inc. said its residential project in Quezon City is close to selling out, having generated P8.615 billion in reservation sales so far. In a statement, the company, which operates under the DMCI Homes brand, said Infina Towers is now 92% sold as of Nov. 18. Only 185 units are available for sale. “We’re optimistic of selling out the remaining units soon bec...
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DMCI Holdings, Inc. on Wednesday said it booked a net income of P2.8 billion in the third quarter, 47% higher year-on-year, which was attributed to “normalized coal operations” of Semirara Mining and Power Corp. (SMPC). In a statement, DMCI said core earnings in the third quarter went up 24% to P2.6 billion, excluding the P164-million non-recurring loss from the company’s shar...
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The Developer of Clark Global City has partnered with Century Properties Group, Inc. (CPG) for the development of residential and office buildings in growing business district. In a statement over the weekend, Global Gateway Development Corp. (GGDC) said it signed on Jan. 9 a memorandum of agreement with CPG for the establishment of a joint venture firm. The company will be in charge of develop...
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BUSINESSMAN Dennis A. Uy’s Global Gateway Development Corp. (GGDC) has engaged SM Prime Holdings, Inc. to be the first locator in its 177-hectare Clark Global City leasehold in Pampanga. In a statement issued Wednesday, GGDC said it has signed a sublease agreement with Sy-led SM Prime for up to 10 hectares inside the Clark Freeport Zone. “Having SM Prime as one of our anchor loca...
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Davao, Iloilo, and Angeles in Pampanga have been identified as emerging cities for condominiums by online property search platform Lamudi. Lamudi based the data on property seekers who use its platform for the past two and a half years. In its Digital Property Seekers Series, property firms are expected to venture into developing residential condos and mixed-use townships in these so-c...
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