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News and Events

Which Infrastructure Projects in Metro Manila May Push Up Prices of Nearby Land?

Property consultancy Colliers says one project boosted the value of surrounding land 9-fold

One of the major projects of the Duterte administration is the Build, Build, Build program, which aims to boost infrastructure development across the country. Encompassing over 60 projects spearheaded by the Department of Public Works and Highways (DPWH), Department of Transportation (DOTr) ...

by Lorenzo Kyle Subido  | August 23, 2018 10:00:00
News and Events

Mactan-Cebu Int'l Airport Boosts Megawide's First-Half Earnings

Megawide Construction Corp. posted a 10-percent rise in net earnings in the first half of 2018

 Megawide Construction Corporation posted a 10-percent net profit growth in the first half of the year, the diversified engineering and infrastructure company announced in a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, August 15.Megawide’s consolidated net earnings grew to Php1.26 ...

by Pauline Macaraeg  | August 15, 2018 05:00:00
News and Events

Despite Bear Market, Injap Sia's DoubleDragon Meets Target and Raises Php4.5-B from Share Sale

The real estate developer listed an additional 150 million shares in the PSE last July 13

Listed real estate developer DoubleDragon Properties Corp. has raised Php4.5 billion worth of fresh funds from its follow-on offering, according to a photo release from the Philippine Stock Exchange (PSE) dated July 13.That means the company was able to sell all 135 ...

by Lorenzo Kyle Subido  | July 13, 2018 06:00:00
News and Events

Where in PH Can You Find the Highest Resale Values for Residential Condos?

Secondary market prices in Makati's two real estate hotspots average Php243,000 per sqm and Php207,670 per sqm

RE/MAX Philippines Country Manager Kenneth Stern presenting RE/MAX Philippines’ 2017 transaction dataTwo areas in Makati City recorded the highest resale values for residential condominium units in the country, according to data released by the Philippine arm of global real estate brokerage firm RE/MAX.Barangay ...

by Lorenzo Kyle Subido  | June 29, 2018 09:00:00
News and Events

Injap Sia's DoubleDragon Sets Price of Follow-On Offering at Php30 Per Share

The company stands to raise as much as Php4.5 billion, which it will use to fund its hospitality and infrastructure projects

Listed real estate developer DoubleDragon Properties Corp. has announced that the final price for its follow-on offering is Php30 per share, according to a notice it submitted to the Philippine Stock Exchange (PSE) on June 28. That is 23 percent higher than ...

by Lorenzo Kyle Subido  | June 28, 2018 06:00:00
News and Events

Crazy Rich Asians of Davao? Ayala’s 70 Luxury Condos Priced Up to Php81-M Sold in Less Than 24 Hours

The president’s hometown is not just the nation’s new political capital but also a hot luxury property market

Artist's rendition of the planned Ayala Land Premier development called The Azuela Cove in Davao CityAyala Land Premier (ALP), Ayala Land Inc.’s luxury residential developer subsidiary, sold out all 70 units in the first tower of its flagship residential project in Lanang, ...

by Pauline Macaraeg  | June 21, 2018 02:00:00
News and Events

Dennis Uy's Clark Global City Signals Shift in Country's Growth Hub to Central Luzon

Uy’s Udenna Corp is spending $5 billion to develop the ”?"new center” of business

Dennis Uy, founder and CEO of Udenna Corp, speaks during the unveiling of the master plan for Clark Global City in PampangaThe Udenna Group has unveiled the master plan for Clark Global City (CGC), its biggest real estate development thus far.Udenna is ...

by Paul John Caña  | June 01, 2018 09:00:00
News and Events

Philippine Stock Exchange Approves Injap Sia’s DoubleDragon Follow-On Offering

Up for sale are 150 million common shares at a price range of Php30 to Php40 per share

The Philippine Stock Exchange (PSE) has approved on May 29 the application of listed real estate firm DoubleDragon Properties to launch a follow-on offering, allowing the company to sell up to 150 million new shares at a price ranging from Php30 to ...

by Lorenzo Kyle Subido  | May 30, 2018 03:00:00
News and Events

Financial Adviser: 5 Things to Know About DoubleDragon Properties’ Follow-On Offering and How to Profit From It

Edgar "Injap" Sia's DoubleDragon Properties aims to raise as much as Php7.5B from the follow-on offering

DoubleDragon Properties is now awaiting for approval from the Philippine Stock Exchange (PSE) after it has obtained clearance from the Securities and Exchange Commission (SEC) to finalize its plan to raise as much as Php7.5 billion via a follow-on offering.A follow-on offering ...

by Henry Ong  | May 02, 2018 10:00:00
News and Events

Tired of Condo Investments? Ortigas & Co. Offers Office Spaces for Sale in New Mixed-Use Project

Office rents in the Ortigas central business district almost doubled in 2017

Real estate developer Ortigas & Company is betting on attracting investors with a rare chance to own an office tower unit in a bustling business district with its newest project, The Glaston Tower, which is set to rise in Ortigas East in ...

by Elyssa Christine Lopez  | March 22, 2018 10:00:00
News and Events

Startup that Pioneered Blockchains in PH Real Estate Raising $9.9-M Via ICO

Founded by a Filipino entrepreneur, Qwikwire will launch its initial coin offering on March 26

Qwikwire, a financial technology startup that handles cross-border real estate transactions, launched the pre-sale of its initial coin offering (ICO) for its new business unit last Monday, March 12.Founded in 2013 by Filipino entrepreneur Ray Refundo and basing it in Delaware, US, ...

by Lorenzo Kyle Subido  | March 13, 2018 09:00:00
News and Events

How Injap Sia Grew DoubleDragon’s Profits by 71.8% to Php2.5 Billion in 2017

The property company also triples recurring revenue base last year

DoubleDragon Properties Corp., the property development firm of self-made billionaire Edgar “Injap” Sia III and Jollibee Foods founder Tony Tan Caktiong, increased its net income by 71.8% to Php2.53 billion last year from Php1.47 billion in 2016.In a media release, the company ...

by Pauline Macaraeg  | March 05, 2018 09:00:00
News and Events

Which Condos in Metro Manila Have Doubled Their Prices Since Launch?

Leechiu Property Consultants compile data on how selected high-end condominiums have risen in value over time

If you had bought a condominium from ArthaLand’s Arya Residences in Bonifacio Global City (BGC) when it launched in 2009, its value would have increased by 165 percent in 2017.That’s according to data from real estate analyst Leechiu Property Consultants (LPC), which ...

by Lorenzo Kyle Subido  | February 22, 2018 09:00:00
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