Cebu City―DMCI Homes, the real estate arm of DMCI Holdings Inc., expanded its landbank with the acquisition of a 9,695-square-meter property in Barangay Lahug in this city. The Lahug property is the second land acquisition made by DMCI Homes in Cebu after acquiring a lot in Barangay Guadalupe where another residential community will rise. “Cebu is one of the fastest-growing economies i...
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DMCI PROJECT Developers, Inc. has bought more land in Cebu to support its plans to expand its presence outside Metro Manila. The operator of DMCI Homes said in a statement over the weekend it recently acquired a 9,695-square meter property in Lahug, Cebu City, which it is looking to develop into a vertical community. “Cebu is one of the fastest growing economies in the Philippines. Exp...
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ALLHOME Corp. met investor expectations at its market debut on Thursday, with its shares gaining 0.52% at the end of trading. The one-stop-shop home improvement store of real estate tycoon Manuel B. Villar, Jr., dubbed by Forbes this year as the country’s richest man, raised P14.9 billion after exercising its over-allotment option. Its shares closed at P11.56 apiece. It actua...
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THE Philippine Competition Commission (PCC) slapped a P27.11-million fine against Urban Deca Homes Manila Condominium Corp. and parent company 8990 Holdings, Inc., and ordered them to stop imposing a sole internet service provider (ISP) on unit owners at its nine condominium projects around the country. This marked the closure of the first abuse of dominance case in the country, the competition...
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