Citadines Roces to be fully operational by mid-January
By Revin Mikhael D. Ochave, Reporter CITADINES ROCES Quezon City by The Ascott Limited is aiming to be fully operational by the middle of January next year. “We are looking at mid-January next year...
View ArticleSolid finish for Philippine property in 2023 (part 2)
The first part of this article can be found here https://tinyurl.com/yoz38fo5 HOTEL: PRIMING THE PHILIPPINES AS A REGIONAL MICE HUB The reinvigorated hotel sector remains as one of the most vibrant...
View ArticleCanadian homeowners eye fixed-rate loans in ‘higher-for-longer’ era
TORONTO — The Bank of Canada’s (BoC) warning that borrowing costs are likely to stay higher-for-longer has prompted anxious mortgage owners to turn to fixed-rate loans in the hope they will bring more...
View ArticleHow Philippines can boost recycling efforts
By Miguel Hanz L. Antivola, Reporter SUPPORTING the recycling value chain in the Philippines takes a whole village, given the lack of infrastructure for sustainable practices. Collaborations are needed...
View ArticleAmplifying office recovery (part 1)
METRO MANILA recorded a marginal rise in office vacancy due to the completion of new office buildings and spike in vacated spaces in the third quarter of 2023. Colliers continues to record deals from...
View ArticleCities face huge climate finance gap, study says
DUBAI — Cities are receiving only a fraction of the climate finance they need, especially in low-income countries, according to a study published on Saturday on the sidelines of the COP28 climate...
View ArticleNREA to introduce new officers
THE National Real Estate Association (NREA) will introduce its new officers at a meeting on Dec. 7. NREA’s new national president Red J. Rosales will deliver speech outlining his plans and programs for...
View ArticleLuxury residential price growth in Manila now faster than in Dubai
PRICES of luxury residential units in Metro Manila grew by 21.2% this year, the fastest in the world, according to Knight Frank’s Prime Global Cities Index. Rick Santos, chairman and chief executive...
View ArticleAmplifying office recovery (part 2)
This is the second of a two-part article. Read the first part here: https://tinyurl.com/yqt6mpyk Q3 TRANSACTIONS UP 15% As of the first nine months of 2023, office space deals in Metro Manila reached...
View ArticlePueblo de Oro allocates P18B for new projects
PUEBLO DE ORO Development Corp. is allocating P18 billion to expand in key locations, including Cagayan de Oro, Batangas, and Cebu. In a statement, the property development arm of the ICCP Group said...
View ArticleWhy should any city want to host a World Expo?
By Gearoid Reidy THE WORLD EXPO might have a quaint quality for many in the English-speaking world — recalling events such as the 1982 World’s Fair in Knoxville, Tennessee, perhaps most familiar...
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Ube Express back at Robinsons Galleria
UBE EXPRESS has resumed its point-to-point bus service to the Ninoy Aquino International Airport (NAIA) terminals from Robinsons Galleria. The Ube Express service gives travelers a convenient, and...
View ArticleSanremo Oasis launches 8th building
FILINVEST LAND Corp.’s Aspire recently launched the eighth building of its residential project Sanremo Oasis in Cebu City. Sanremo Oasis, a mid-rise condominium, is part of City di Mare (CDM) along...
View ArticleDamosa Land eyes new project in Davao City next year
DAVAO CITY — Damosa Land, Inc. (DLI) is planning to launch an exclusive community project in Puan, Davao City next year. DLI President Ricardo “Cary” F. Lagdameo told BusinessWorld that the company...
View ArticleALI unveils Arillo eco-tourism estate in Nasugbu
By Miguel Hanz L. Antivola, Reporter AYALA LAND, Inc. (ALI) broke ground on Thursday for its new 62-hectare eco-tourism estate called Arillo in Nasugbu, Batangas. Arillo is ALI’s 52nd estate — its...
View ArticleRLC starts work on new tower for AmiSa Private Residences
RLC Residences recently broke ground for the fourth tower of AmiSa Private Residences in Mactan City, Cebu. “We are very excited to start bringing to life the fourth tower of AmiSa Private Residences....
View ArticleNUSTAR Convention Center, Fili Hotel help raise Cebu City’s profile as a MICE...
THE NUSTAR Convention Center and Fili Hotel are helping raise the profile of Cebu City as a premier MICE (meetings, incentives, conferences, exhibitions/events) destination. The two properties are...
View ArticleMcDonald’s Philippines to open more Green & Good stores
By Miguel Hanz L. Antivola, Reporter MCDONALD’S Philippines said it will open its entire portfolio of 60 new stores next year with Green & Good elements, alongside an additional flagship store, as...
View ArticlePhilippine property to benefit from REIT expansion, diversification
COLLIERS Philippines has been seeing exciting and innovative developments in the Philippine real estate investment trust (REIT) sector. Property firms are maximizing REIT benefits and we see more...
View ArticleWhy your dream home need not be 2,000 square feet
SUBURBAN dwellers might finally be embracing what those of us in cities have known for a long time: You don’t need a lot of square footage to have a comfortable living environment. After decades of...
View ArticleFilinvest Land opens amenity area for Tanauan City dev’t
FILINVEST LAND, Inc. (FLI) has opened its latest amenity area for its Sandia Homes residential development in Tanauan City, Batangas. Sandia Homes’ amenities include a clubhouse, basketball court,...
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Real estate stress is brewing in Asian markets other than China
SURGING interest rates and regulatory scrutiny are causing distress for builders and creditors in Asian economies from South Korea to Vietnam, highlighting the breadth of housing woes in a region...
View ArticleOpportunities and challenges for Philippine retail
THE retail sector is one of the more stable segments of the Philippine property market. We attribute this to the Philippine economy being driven by personal consumption, with household spending...
View ArticleParis hotels triple prices for Olympics opening night – study
PARIS – Paris hotels are tripling their prices to more than 1,000 euros ($1,092) on average for the opening night of the 2024 Olympic games, according to a consumer organization study. UFC-Que Choisir...
View ArticleGen Z real estate agents really want to sell you a house
AS FAR as jobs go, being a real estate agent looked like a no-brainer for Gen Z. It was the height of the pandemic-era asset boom and home prices were heading “to the moon.” Buyers were moving fast,...
View ArticleUrban planning in the Philippines should shift to environmental realities,...
URBAN PLANNING in the Philippines must prioritize climate and geographical realities for holistic development, according to an expert. “Our political constructs of provinces and regions don’t fit with...
View ArticleThe rise of revenge property investing in PHL
WE’VE HEARD of revenge spending and dining in 2022 and 2023 and how personal consumption expenditures helped sustain Philippine economic growth the past two years. Filipinos also did a lot of revenge...
View ArticleUK housing market gains momentum at start of year
LONDON — Average asking prices for British homes made the strongest start to the year since 2020, according to a Rightmove survey on Monday that added to signs that the slowdown in the sector could be...
View ArticleMadrid’s new business district aims to learn from rivals
MADRID — Madrid has broken ground on a new business district three decades in the planning, but with similar zones in London, Paris and New York struggling as more people work from home, critics see a...
View ArticleREITs expected to do better in 2024
By Sheldeen Joy Talavera, Reporter THE OUTLOOK for real estate investment trusts (REITs) is more positive this year on the back of rate cut prospects and attractive dividend yields, analysts said....
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