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Spaces & Stories

New residential towers to change Metro Manila’s skyline this year

The Proscenium at Rockwell Center in Makati City. (Photo: Rockwell Land via Lamudi)

The local real-estate industry continues to flourish in 2017 as more skyscrapers are being added and set to transform Metro Manila’s ever-changing skyline once more.

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Ayala Land to spend P16 billion to build new malls until 2020

This screenshot of Ayala malls shows (clockwise, from top left) Bonifacio High Street in Bonifacio Global City, Taguig City; Ayala Center Cebu in Cebu City, Cebu province; TriNoma in Quezon City; Marquee Mall in Angeles City, Pampanga province; Market! Market! in Taguig; and Greenbelt in Makati City. AYALA MALLS FACEBOOK PAGE

By Leslie D. Venzon / Philippines News Agency  Real-estate giant Ayala Land Inc. (ALI) plans to spend P16 billion to build new malls in the next three years, as it continues to increase its recurring income and ride on the Philippines’ robust economic growth. 

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Investments, BPO industry continue driving demand for office spaces—JLL


The continued flow of investments into the Philippines will continue driving the rising demand for more office spaces in the country, leading property consultant Jones Lang LaSalle (JLL) said recently. 

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PHA to raise up to P500 million to build West Palawan property


In line with its strategic focus on infrastructure and tourism this year, Premiere Horizon Alliance Corp. (PHA) aims to raise between P300 million and P500 million to fasttrack the development of the master-planned property of West Palawan Premiere Development Corp. (WPP), the company’s tourism subsidiary. 

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Mariwasa unveils new tiles at 2017 Worldbex


After marking its 50th anniversary last year as the Philippines’ ceramic-tile industry leader and standard-setter for beauty and durability, Mariwasa introduced its new tile designs at the 22nd Worldbex, held from March 15 to 19 at the World Trade Center in Pasay City. 

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Simply Modular: Furniture system designed to move


Condominium living is booming in the Philippines, and it’s because more young urban professionals (yuppies) and small families are opting to live where they work and play. Metro Manila traffic, cramped public-utility vehicles, and demanding work schedules play a part in this “modern” housing preference. 

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Torre Lorenzo to spend over P30B for 22 projects


Torre Lorenzo Development Corp. (TLDC) will spend between P30 billion and P32 billion for 22 projects that are expected to be completed in the next few years, it was announced recently. 

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CBRE: Philippines real-estate market to remain strong until next year

This November 2015 photo shows CB Richard Ellis (CBRE) Philippines Inc. Chairman Rick M. Santos speaking at an event in Fairmont Hotel in Makati City.

By Leslie D. Venzon / Philippines News Agency The Philippine real-estate sector is expected to remain strong until next year on the back of robust economic growth and the expanding business-process outsourcing (BPO) sector, re­al-estate advisory and services firm CB Richard Ellis (CBRE) Philippines Inc. said recently.

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Dot Property Philippines, DMCI Homes team up for Singapore property show


Online real-estate portal Dot Property Philippines (www.dot­property.com.ph) has struck a partnership with DMCI Homes that would allow the property company to become the first Filipino developer to join the International Property Show, to be held at ION Orchard in Singapore from February 20 to 26, 2017. This comes as foreign in­vestors continue to clamor for Philippine real estate, and Dot …

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HII takes on serviced residences with soon-to-open The Sphere

Hospitality Innovators Inc. founder and CEO Luis Monserrat (left) and Primex Realty Corp. Chairman and President Ernesto Ang sign an agreement for the former’s company to manage The Sphere Serviced Residences.

A modern landmark in Makati City’s central busi­ness district (CBD) is ex­pected to rise in the form of The Stratosphere, a 31-story mixed-use building that’s in­tended to house commercial spaces and 328 condomini­um units, with about 120 of these to become part of The Sphere Serviced Residences, to be managed by Hospitali­ty Innovators Inc. (HII).

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