Construction

Property giant Megaworld Corp. is spending P2.5 billion to redevelop its first township development. Megaworld said it has started the makeover of the 18.5-hectare Eastwood City in Quezon City. The redevelopment will include the reinvention of the township’s commercial areas as well as select residential and office developments that have been in place for many years. Launched in 1997, Eastwood …

The Light Rail Transit Authority needs  an additional P7-billion more to construct the LRT-2 West Extension Project. When late president Benigno Aquino III approved it in 2015, the project was pegged at only P10.12 billion. LRTA had planned on procuring the contractor for civil works in January 2020, but the government had to push this back to prioritize pandemic response. …

The Department of Public Works and Highways is set to commence the feasibility study for the Urgent Bridges Construction Project for Rural Development (UBCPRD) Phase II — a major initiative designed to enhance inter-regional connectivity and promote inclusive economic growth across the Philippines. The feasibility study, which will be led by DPWH Secretary Manuel Bonoan and Senior Undersecretary Emil Sadain,  …

The Home Development Mutual Fund, or Pag-IBIG Fund, said it hopes to partner with more housing developers this year to broaden the availability of housing units and meet its target of extending P156.86 billion in housing loans in 2025. “We intend to tap new developers, those who are not yet accredited. There are thousands of development projects around the country,” …

Two South Korean companies have expressed interest to partner with the Bases Conversion and Development Authority (BCDA) for infrastructure and smart city development projects in New Clark City in Tarlac and Poro Point in La Union. In a statement released last week, the state-run firm said BCDA president and CEO Joshua Bingcang and officer-in-charge senior vice president Mark Torres met …

Southmont Central, a newly-launched district within Ayala Land’s 800- hectare Southmont estate in Cavite, made a strong market debut with 43 percent of its inventory sold on the first day, underscoring investor confidence in the Cavite corridor– an area fast emerging as a key growth zone south of Metro Manila. The 36-hectare Southmont Central is planned as the civic and …

With massive rehabilitation work on EDSA set to begin June 13, authorities have laid out several mitigation schemes to address the expected traffic disruptions, including free access to the Skyway and the implementation of an odd-even scheme. The project includes pavement replacement, improved pedestrian lanes and flood management upgrades. At a press briefing last week, Transportation Secretary Vince Dizon said …

US Ambassador MaryKay Carlson led the turnover of three U.S.-government donated mobile energy systems (MES) that will provide safe, reliable, and sustainable electricity to remote communities in Palawan last May 16. Joining Ambassador Carlson during the ceremony at the National Power Corporation (NPC) Irawan Switching Station in Puerto Princesa City were Philippine Department of Energy (DOE) Secretary Raphael Lotilla, NPC …

From London flats to Thai villas, local buyers are turning international properties into powerful wealth-creation strategies. The Global Property Expo, organised by JLL will welcome prospective buyers to Singapore from  July 18-20at the Sands Expo & Convention Centre. This tailored international residential property forum will cater to guests from Singapore and across Southeast Asia interested in buying property abroad, whether …

The Department of Transportation announced that the passenger terminal building (PTB) of the Bulacan airport will begin construction in January next year, putting the project on track for completion by late 2028. Transportation Secretary Vince Dizon said that San Miguel Aerocity Inc. (SMAI) has committed to start the construction of the New Manila International Airport (NMIA)’s PTB by January 2026. …