News

Hann Reserve Project together with PGA of America breaks ground for the luxurious golf resort destination in PH

Posted on Wed, Nov 16, 2022 5:25 PM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

Set to become the biggest ultra-luxe integrated golf resort in the country, Hann Development Corp. (HDC), owner and developer of Hann Resorts, unveiled its grand 450-hectare project that is Hann Reserve last November 5 in New Clark City, Tarlac.   The groundbreaking event was presided by HDC Chairman and CEO Daesik Han and golf legend Sir Nick Faldo, together...

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Philippines upgrades Q2 GDP to 7.5%

Posted on Thu, Nov 10, 2022 1:22 PM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

MANILA, Philippines — Economic growth in the second quarter was revised higher by the Philippine Statistics Authority as construction and real estate activities proved stronger than initially reported. State statisticians said in a statement on Wednesday that the gross domestic product in the April-June period now stood at 7.5%, slightly higher than the previous 7.4%. The latest figure...

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Property top investment choice of overseas workers deployed to UAE

Posted on Tue, Nov 8, 2022 3:05 PM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

ABOUT 80% of overseas Filipino workers (OFWs) deployed to the United Arab Emirates (UAE) expressed interest in placing investments in the Philippines within the next 12 months, with property the preferred repository for their excess funds, according to the results of a survey released on Thursday. The survey, commissioned by the New Perspective Media Group (NPMG), took in responses from 3,800 w...

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Strong dollar pushes up Philippine debt to P13.5 trillion

Posted on Fri, Nov 4, 2022 4:38 PM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

MANILA, Philippines – The Philippine government’s total outstanding debt went up to P13.5 trillion as of end-September, primarily due to the peso’s depreciation against the US dollar and the net issuance of government securities. The Bureau of the Treasury said on Thursday, November 3, that the latest figure is 3.8% or P495.5 billion more than the level in August. From end-Dec...

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BSP sees 7.1-7.9% inflation in Oct.

Posted on Thu, Nov 3, 2022 3:39 PM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

INFLATION may accelerate as much as 7.9% in October, driven by rising food prices, higher transport fares and the peso depreciation, the Bangko Sentral ng Pilipinas (BSP) said on Monday. “The BSP projects October 2022 inflation to settle within the range of 7.1% to 7.9%,” it said in a statement.      If realized, October inflation would exceed the central bank&rsqu...

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Private firms can build more homes if permitting is faster — 8990 chair

Posted on Wed, Nov 2, 2022 2:25 PM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

GOVERNMENT can support private entities by making it easier for them to get permits, the founder of listed developer 8990 Holdings, Inc. said in response to the administration’s call for more housing units. “It’s very challenging to come up with a million houses ’cause we’ve never experienced building a million houses in the Philippines,” 8990 Holdings Chairm...

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