Moreover, Diokno said the revival of tourism in the country will also propel the real estate industry’s growth as travel restrictions become less stringent. Real estate has been a significant player in the Philippine economy, however, commercial spaces, home rentals, and sales took a downturn during the pandemic. “Our economic prospects are promising,” Diokno said at the re...
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My favorite types of real estate deals are the ones where I get properties free. The most common way people get free real estate is through inheritance. Unfortunately for me, I have no rich uncles to leave properties for me to inherit. Real estate is the most powerful wealth creation tool. If used correctly, you can create your own inheritance. Deals involving raw land are some of my favorites,...
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Bob Mangat and CEO & Founder of the 1440 Group, a real estate investment and development firm in Vancouver, BC Canada. For individuals who want to invest in commercial real estate, but may lack the stomach to go all-in individually, or even to have the bulk of liability for a new entity, a real estate limited partnership may offer the right risk-reward ratio—keeping mor...
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For the first time since the March 2020 lockdowns, property giant SM Prime Holdings resumed charging full rental fees across its local shopping mall chain in the second quarter, clearing the road toward earnings recovery after paying the hefty price of moratorium and discounts that kept tenants afloat. With the relaxation of quarantine protocols now bringing back the usual crowd to sh...
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The documentation of the purchase and sale of real property could be surprisingly daunting for first-timers who are presented with numerous agreements or contracts to read, comprehend and sign. Understanding why they are needed and what these documents state—whether as buyers or sellers—are essential for a smooth transaction. Recognizing their differences will not only ensure a s...
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Housing developers are batting for an increase in the ceiling of economic and socialized housing to keep up with rising cost of land acquisition and project development, according to Marcelino Mendoza, chairman of the Organization of Socialized Housing Developers of the Philippines (OSHDP). Mendoza in an interview said the National Housing Task Force is deliberating initially on the threshold o...
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