The Commercial Real Estate market market in the Philippines is predicted to reach a staggering US$0.77tn by the year 2024. This projection indicates a promising growth potential for the sector. Furthermore, it is anticipated that the market will experience a steady annual growth rate (CAGR 2024-2029) of 0.77%, resulting in a substantial market volume of US$0.80tn by 2029. When compared to...
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HEADLINES: PSA: Cancel Guo birth certificate | June 27, 2024 Lima continued to flourish as a vibrant and inclusive community, seamlessly integrating sustainability with economic prosperity. The upcoming launch of a 40-hectare expansion within its business district further beckoned investors and enterprises to Batangas. Aboitiz InfraCapital Economic Estates recently launched its 4th...
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MANILA, Philippines — Housing loan collectibles of the Social Security System (SSS) have reached P6.8 billion with the state-run pension fund now transitioning to a real-time processing of loans for members’ convenience. As of end-December 2023, SSS said it has 3,744 mortgagors with home loan collectibles worth P6.83 billion. As such, SSS is implementing the mandatory use of paym...
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An optimistic year for PH real estate market — report KMC Savills’ bullish outlook for 2024 BY ANGELO SANCHEZ An optimistic outlook is forecasted for the Philippine real estate market in 2024, according to a report by KMC Savills, the country's leading real estate brokerage and consultancy firm. Supported by the Bangko Sentral ng Pilipinas (BSP) report in...
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Aboitiz InfraCapital Economic Estates has signed contracts with two logistics companies Prestige Warehousing and Logistics (PWL) and JBY Equipment & Impex Logistics Inc. which will invest in West Cebu Estate in Balamban, Cebu. The industrial inventory release at West Cebu Estate has triggered a surge in investor interest, underlining the scarcity of available inventory in the ma...
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As a magnitude 7.8 earthquake recently hit Turkey and Syria, the head of the Philippine Institute of Volcanology and Seismology (Phivolcs) on Tuesday said such a magnitude is also likely to happen in the country. “There’s always this possibility. In fact, it already happened on July 16, 1990… The 1990 Luzon earthquake was magnitude 7.8,” Phivolcs Director Te...
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