News

Robert Kuok’s Shang Properties posts 59% earnings rise in first half powered by condominium, mall, and hotel operations

Posted on Fri, Aug 18, 2023 3:41 PM by DR. SAMUEL O. LAO in Real Estate News

Billionaire Robert Kuok’s Shang Properties witnessed a 59% surge in net income for the first half of the year, propelled by solid revenue streams across its diverse operations including condominiums, malls, and hotels. The company’s net income from January to June stood at P2.4 billion compared to the previous year’s P1.5 billion. Shang Properties showed a 44% growth in tur...

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Lanson Place Mall of Asia, Manila:The Latest Addition to Pasay City’s Skyline Opening Soon

Posted on Mon, Jul 24, 2023 5:33 PM by DR. SAMUEL O. LAO in Real Estate News

MANILA, Philippines—A new era of hospitality is coming to the bustling area of Pasay City in the form of Lanson Place Mall of Asia, Manila. As part of the SM Hotels and Conventions Corp. (SMHCC) collaboration, Lanson Place Personal Hotels & Residences (Lanson Place) is finally bringing its expertise in personal hotels and serviced residences to Metro Manila. With an expanding array of...

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Revenge spending to extend into 2023

Posted on Fri, Jan 13, 2023 1:38 PM by DR. SAMUEL O. LAO in Real Estate News

(This is the second of a two-part property market outlook by Colliers Philippines) MALL OPERATORS should brace for more foreign and local retailers as consumer confidence and foot traffic pick up this year.    Major mall developers have been reporting that consumer traffic has now reached between 85%-95% of pre-COVID levels in the third quarter of 2022 from only 40% a year ago....

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Davao manufacturer ventures into hotel business

Posted on Fri, Jan 24, 2020 6:20 PM by DR. SAMUEL O. LAO in Real Estate News

DAVAO CITY — The family behind weighing scale manufacturer First Philippine Scales Inc. (FPSI) has ventured into the hotel business, taking advantage of a 2,000-square meter prime property in Davao City where the new Blue Lotus Hotel now stands. The lot along Quimpo Boulevard, one of the main roads in the city, was originally planned by the Policarpio family for an FPSI showroom for its F...

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Firm launches its first hotel

Posted on Tue, Jan 7, 2020 4:59 PM by DR. SAMUEL O. LAO in Real Estate News

THE country's leading weighing scale manufacturer launched its first hospitality business Blue Lotus Hotel in Davao City, Sunday, January 5, 2020. "This is our first time to venture into the hotel business," Blue Lotus Hotel president Amparo Policarpio said at the opening ceremonies. Policarpio is also the founder and president of First Philippine Scales Inc., manufacturer of t...

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A tribute to Gokongwei’s hometown and the sea

Posted on Fri, Jan 3, 2020 6:35 PM by DR. SAMUEL O. LAO in Real Estate News

ROBINSONS Land Corp. (RLC) formally marked its venture into the luxury hotel sector with the recent launching of Dusit Thani Mactan Cebu, and it will be the first in a planned network of top-end accommodations. “We’ve had hotels for a while now. Moving forward, we thought we should go to the high-end segment,” Arthur G. Gindap, senior vice-president and business unit general m...

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