An executive of Ayala Land Inc. (ALI) recently underscored the company’s willingness to work with the government to further boost infrastructure development in the country, according to a report by Philippine News Agency. During the company’s virtual annual stockholders meeting, ALI chairman Jaime Augusto Zobel de Ayala said “at the Ayala Group, we’ve always aligned our business aspirations with the …
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Sy-led property developer SM Prime Holdings Inc. is planning to list its own real estate investment trust (REIT) in the second half of 2023, according to a recent published report. Jeffrey C. Lim, SM Prime president, said the company expects to raise some $1 billion or about P55.5 billion from its REIT. Total valuation would be around $3.5 to $4 …
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Suntrust Properties, Inc. wins the coveted Best Developer of the Year for Luzon at the 2022 Carousell Awards, held on February 13, 2023 in Taguig. This recognizes the company’s remarkable contribution to the real estate industry with over 40 horizontal and vertical projects in Luzon, pushing the boundaries of innovation and excellence in real estate development. “We are honored to …
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The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said that the country would experience more intense tropical cyclones, including the category 5 levels, if climate change continues to worsen. In the past decade, the country has witnessed an increase in the number and severity of weather-related catastrophes, resulting in multiple casualties as well as unprecedented property and economic losses. …
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Solaire Resort & Casino, the Philippines’ leading luxury integrated resort formally topped off its anticipated second property situated in Vertis North, Quezon City last July 25, 2022. Officially named “Solaire Resort North”, the addition to the Solaire brand aims to capture and cater to the northern and eastern markets of Metro Manila and the National Capital Region. Solaire Resort North …
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Sunland Development Corporation under Sun Group of Companies led by President/CEO, Mr. Richard Lim broke ground on Tuesday, July 12, 2022, to formally start the construction of its new office building with warehouse, located at P. Casal St. Quiapo, Manila with a leasable space of 34,000sqm. The groundbreaking event was attended by President/CEO Mr. Richard Lim, Vice President Mr. Kevin …
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Hotel 101 Group officially launched its sustainability campaign, 101 STAY GREEN, led by the Hotel 101 Group Green Team, and signed Sustainability Agreements with the Pasay City Government and the Philippine Coast Guard respectively. Hotel 101 Group General Manager Gel Gomez welcomed everyone. “Today is a big win for the environment as we have gathered everyone for the launch of …
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Nationwide residential property prices up by 5.6% YoY, but edge lower by 1% QoQ in Q1 2022 The residential real estate prices of various types of new housing units in the Philippines maintained its growth momentum in Q1 2022.[1] The Residential Real Estate Price Index (RREPI) rose by 5.6 percent from a year ago, but declined by 1 percent from …
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Over 80 awards await local real estate firms as the market responds to shifting demands To answer rising public demand for faster, reliable, safe, and efficient mass transportation, the Department of Transportation (DOTr) has embarked on several projects to soon provide commuters with better infrastructure for mass and active transport. With connectivity an important factor for national development, many areas …
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