MANILA, Philippines — As the global economy climbs out of the COVID-19-induced slowdown, investors are discovering new gems in the Asian property landscape, which has seen tectonic shifts in the aftermath of the pandemic. Foremost among these is the Philippines, site of a landmark project by two leading property developers in the region: Hongkong Land and Robinsons Land Corporation. Drawi...
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TYTANS Properties and Development, Inc. tapped KMC Savills as the official property management partner for its premier condotel Lapu-Lapu City, Cebu. Tytans Properties Chairman Montano Ty and President Gerard Tan signed the deal with KMC Managing Director Michael McCullough and Property Management Director Francis Fuellas. Tambuli Seaside Living (TSL) is an 11-hectare project in Buyong, Mari...
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INTERNATIONAL Workplace Group (IWG) signed its first franchise partnership in Southeast Asia, teaming up with a Cebu-based company to develop workspace franchises in the Philippines. In a statement, IWG said it signed the franchise partnership agreement with AppleOne Properties, Inc. (API) on Dec. 18. Under the deal, API and IWG will develop eight workspace facilities in six cities in the Vi...
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ROBINSONS Land Corp. (RLC) and DoubleDragon Properties Corp. (DDPC) are partnering to develop a prime commercial lot adjacent to the former’s Bridgetowne township in Quezon City. In separate disclosures to the stock exchange, RLC and DoubleDragon said they signed an agreement for the joint development of the 10,032-square meter (sq.m.) commercial lot along E. Rodriguez Avenue in Libis. Th...
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PROPERTY developer Century Properties Group (CPG) Inc. grew 81 percent to P1.2 billion, from last year’s P661 million as its diversification strategy to go into other developments started bearing fruit. Consolidated revenues rose to 36 percent to P9.8 billion, from P7.2 billion year on year. “CPG’s strong nine months’ performance is the result of management’s st...
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TAFT Properties will soon enter the booming tourism industry as it plans to erect a hotel as part of the mixed-use project, Taft East Gate. Myra Lynn Gilig, vice president and deputy chief operating officer of Taft Properties, said they eye to partner with an international hotel brand to realize the company’s first venture in the hospitality business. “We don’t have concret...
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