real-estate | ABS-CBN News

Advisory group sees rise in real estate non-performing loans

Warren de Guzman, ABS-CBN News
Posted at Feb 01 12:04 AM

Prime Philippines CEO Jet Yu is forecasting some troubled times for both real estate buyers and developers this year. Read more »

Bad loans in real estate seen rising amid high costs, rates

Warren de Guzman, ABS-CBN News
Posted at Jan 31 07:50 PM

A Filipino-led real estate advisory firm said it expects a rise in non-performing loans (NPLs) from both real estate buyers and real estate developers later this year. Read more »

UP Diliman grad is lone passer in Real Estate Consultant board exam

ABS-CBN News
Posted at Jan 17 07:38 PM

A graduate of the University of the Philippines (UP) Diliman emerged as the sole passer of the Dec. 2022 Real Estate Consultant Licensure Examination, the Professional Regulation Commission (PRC) said Tuesday. Read more »

CREIT parent eyes IPO

ABS-CBN News
Posted at Jan 17 11:03 AM

Listed real estate investment trust (REIT) Citicore Energy REIT Corp (CREIT) said on Tuesday its parent is eyeing an initial public offering (IPO) this 2023. Read more »

Canada bans most foreigners from buying homes

Agence France-Presse
Updated as of Jan 02 11:25 AM

A ban on foreigners buying residential property in Canada took effect on Sunday, aiming to make more homes available to locals facing a housing crunch. Read more »

Office demand resilient in 2023: Leechiu

ABS-CBN News
Updated as of Dec 13 11:21 AM

Office demand picked up in 2022 as it surpassed the combined demand in 2 preceding years, according to Leechiu Property Consultants. Read more »

Megaworld's GERI to build luxury residential project in Cavite

ABS-CBN News
Updated as of Nov 28 10:35 AM

Global Estate Resorts Inc said on Monday it would build a Zen-Balinese luxury residential village in Trece Martires, Cavite. Read more »

Office space vacancy dips in Philippines: CBRE

Jekki Pascual, ABS-CBN News
Posted at Nov 18 07:43 PM

Office space vacancy in the Philippines has dipped in the third quarter of the year, US-based real estate firm CBRE said Friday. Read more »

Insurance industry seen to benefit from revenge travel

ABS-CBN News
Posted at Nov 18 10:31 AM

The insurance industry will benefit from the post-pandemic reopening of the economy that is fueling revenge travel and spending, a stakeholder said. Read more »

BPI unveils home loan package for middle class, unserved Filipinos

ABS-CBN News
Posted at Nov 17 09:28 AM

Consumers trying to buy a house can now avail of a more flexible home loan package with low down payment and fewer income requirements on top of rebates, said the Bank of the Philippine Islands as it launches its BPI MyBahay program. Read more »

DoubleDragon net income hits P2.2 billion in Jan-Sept

ABS-CBN News
Posted at Nov 15 01:51 PM

DoubleDragon on Tuesday said its consolidated core net income jumped 120.6 percent to P2.22 billion from January to September 2022. Read more »

Alliance Global net income hits P17.1-B in Jan-Sept

ABS-CBN News
Posted at Nov 14 03:32 PM

Alliance Global Group Inc said its net income for the first 3 quarters of the year reached P17.1 billion while revenues surged despite domestic and international challenges.- Read more »

Megaworld net income up 12 pct in Jan-Sept

ABS-CBN News
Posted at Nov 09 02:05 PM

Megaworld Corp said Wednesday its net income grew 12 percent to P9.7 billion in the January to September period as real estate sales and rental income improve. Read more »

GCash now allows users to shop for houses, condos

ABS-CBN News
Posted at Oct 03 04:56 PM

The Ayala-led fintech said Ayala properties can be browsed on the app's GLife feature including the brands Ayala Land Premier, Alveo, Avida and Amaia. Read more »

Peso's fall not seen to have big benefit on BPO sector

Warren de Guzman, ABS-CBN News
Posted at Sep 28 02:38 PM

IBPAP said other countries competing with the Philippines in the BPO indusry have also seen their currencies fall versus the US dollar. Read more »

Megawide shifts focus on land transport, affordable housing

ABS-CBN News
Posted at Sep 05 11:41 AM

Megawide Construction Corp is shifting its focus on essential and pandemic resilient projects as it plans to sell shares in its Mactan Airport project, an official said Monday. Read more »

Illegally built 'Twin Towers' demolished in New Delhi

Sajjad Hussain, AFP
Posted at Aug 29 10:50 AM

A controlled implosion demolishes the 100-meter-high residential "Twin Towers" in Noida on the outskirts of New Delhi, on Sunday. Read more »

Manila Jockey Club to close horse racing business

ABS-CBN News
Posted at Aug 24 11:11 AM

Manila Jockey Club said it would not pursue the renewal of its legislative franchise for horse racing as it shifted its focus on real estate business. Read more »

SM Investments optimistic on second half despite headwinds

ABS-CBN News
Updated as of Aug 22 09:14 AM

SM Investments Corp is optimistic about its performance in the second half, following a strong rebound in the first half which saw income and foot traffic beat pre-pandemic levels. Read more »

RLC posts P5.36-B net income in first half of 2022

ABS-CBN News
Posted at Aug 11 10:06 AM

Robinsons Land Corp said its net income in the first half reached P5.36 billion, surpassing its pre-pandemic level by 34 percent. Read more »