News

Hackers target real estate deals, with devastating impact

Rob Lever, Agence France-Presse
Posted at Sep 23 10:06 AM

James and Candace Butcher were ready to finalize the purchase of their dream retirement home, and at closing time wired $272,000 from their bank following instructions they received by email. Read more »

Century Properties, Mitsubishi Corp to roll out 33,000 homes worth P57 billion

ABS-CBN News
Posted at Sep 21 12:45 PM

The units worth P57 billion it total will be rolled out in key locations outside Metro Manila, Century Properties told the stock exchange.    Read more »

Cebu Landmasters says IPO funds used in full

ABS-CBN News
Posted at Sep 19 09:49 AM

Cebu Landmasters is "committed to the fast turnaround strategy," said its president and CEO, Jose Soberano. Read more »

Millions of Americans still trapped in debt-logged homes ten years after crisis

Michelle Conlin and Robin Respaut, Reuters
Posted at Sep 14 03:12 PM

More than one-quarter of homeowners in Monroe County are deeply “underwater,” meaning they still owe more to their lenders than their houses are worth. Read more »

Ayala Land income up 18 pct in first half

ABS-CBN News
Posted at Aug 06 06:53 PM

Ayala Land said on Monday it posted a net income of P13.5 billion in the first half of the year, up 18 percent compared to the same period in 2017. Read more »

Finance community shrugs off weak peso

ABS-CBN News
Posted at Jul 31 12:44 AM

While members of the finance community continue to shrug off the weakening of the peso, a power company and a real estate developer are warning of its effect on inflation.    Read more »

Cebu Landmasters to double Ascott-branded units

ABS-CBN News
Posted at Jul 27 09:41 AM

Cebu Landmasters, which operates in the Visayas and Mindanao, has some 800 Ascott-branded rooms in the cities of Cebu, Davao and Bacolod. Read more »

Filipino-Chinese investors take over operation of Bacolod City port

Mitch Lipa, ABS-CBN News
Updated as of Jul 26 01:05 PM

A new passenger terminal at the Bacolod Real Estate Development Corp. (Bredco) port in this city opened initially on Wednesday. Read more »

Multi-awarded developer raises the bar in luxury real estate

Filigree
Updated as of Jul 20 09:10 PM

Luxury real estate brand Filigree bagged two prestigious honors from the recent Asia Pacific Property Awards 2018. Read more »

Digital real-estate platform to cut ‘cycle time’ for deals, proponent says

ABS-CBN News
Posted at Jul 05 10:32 PM

The domestic commercial real-estate market is ripe for digital disruption, one of the founders of a cloud-based real-estate platform has said. Read more »

GERI to build new residential complex in Ortigas

ABS-CBN News
Posted at Jun 11 11:58 AM

Megaworld Corp’s subsidiary Global-Estate Resorts Inc (GERI) said it is launching a new residential development in its Renaissance complex in Pasig City that will cater to the young workforce and start-up families. Read more »

Century Properties still bullish on housing despite inflation, weak peso

ABS-CBN News
Posted at May 17 05:26 PM

The head of Century Properties Group's (CPG) affordable housing unit said on Thursday they remain bullish about the market despite rising inflation and a weakening peso. Read more »

Online gaming helps drive office space demand: Regus

ABS-CBN News
Posted at May 17 11:17 AM

Online gaming operators have compensated for a slowdown in the office space uptake of outsourcing companies last year, the head of the largest co-working space provider in the country said Thursday. Read more »

Ultra-wealthy individuals in Philippines to double by 2022: survey

Jessica Fenol, ABS-CBN News
Posted at May 11 10:24 PM

MANILA – There will be 260 new ultra-high-net-worth individuals (UHNWI) in the Philippines whose total net assets are $50 million and above by 2022, fueled by the bullish real estate market and the influx of Chinese investments, a survey by a property outfit says.  Read more »

Housing market seen shrugging off higher interest rates

ABS-CBN News
Posted at May 10 11:22 PM

The Bangko Sentral's decision to raise interest rates should not worry Philippine housing developers, a real estate consultant said on Thursday.  Read more »

Robinsons Land taps Hong Kong partner for Pasig project

ABS-CBN News
Posted at May 08 10:21 AM

Robinsons Land Corp said Tuesday it formed a P5.6 billion joint venture with Hong Kong Land Group to build a residential enclave in Pasig City.  Read more »

Filipino real estate broker arranging deals for 30 mainland Chinese clients

ABS-CBN News
Posted at May 07 11:52 PM

The boon of warmer relations between Beijing and Manila is trickling down to the Philippine property market. Read more »

DoubleDragon's mega-project rides on Mainland Chinese demand

ABS-CBN News
Updated as of May 07 04:43 PM

DoubleDragon inaugurated one of its biggest developments on Monday, with Chinese-run online gaming companies accounting for 60 percent of its occupants, a company official said. Read more »

'Like buying a pair of shoes': real estate developer taps OFWs to fuel growth

Cathy Yang and Jil Danielle Caro, ABS-CBN News
Posted at Apr 27 06:29 PM

Investments from overseas Filipino workers (OFWs) and the government’s support for growth in key cities outside Metro Manila are seen as growth drivers amid weakening peso and higher interest rates, the CEO of a premium university and condominium developer said. Read more »

JLL: Chinese telco, banking firms also interested in buying PH real estate

ABS-CBN News
Posted at Apr 26 01:47 AM

The boon of warmer relations between Beijing and Manila is trickling down to the Philippine property market. Read more »