property

The figures are relatively steady despite a sharp drop in consumer confidence in 3Q of 2018

Around 9.2 percent of Filipino households say that they intend to purchase a residential unit in the next 12 months, according to the latest Consumer Expectations Survey by the Bangko Sentral ng Pilipinas (BSP) covering the third quarter of 2018.That’s only slightly ...

ICCP's Real Estate and Investment Conference 2018 will explore timely question on September 25

The local real estate market has experienced a surge in prices in the last few years. Latest data from property analyst Colliers International Philippines pegged the capital value of luxury residential units in Makati at a maximum of Php301,000 per square meter ...

Check out how much top property company executives received as average compensation in 2017

SM Prime Holdings, Inc. may be the most valuable listed firm under the property sector in the Philippine Stock Exchange (PSE) by market capitalization, but it only comes second to Ayala Land Inc. when it comes to the amount of salaries, bonuses ...

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) ...

Colliers report details how offshore gaming firms are driving demand for property in the metropolis

Ever since the Philippine Amusement and Gaming Corp. (PAGCOR) began accepting applications for offshore gaming firms to operate in the Philippines in September 2016, these companies have become a major driver in the country’s real estate industry.While that is most apparent in ...

Recurring rental revenue now accounts for almost a third of total revenues

DoubleDragon Properties Corp., the listed real estate firm of billionaires Edgar “Injap” Sia II and Jollibee founder Tony Tan Caktiong, reported a 234.6-percent increase in net income for the first six months of 2018, breaching the Php1-billion mark for the first time.In ...

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 ...

The offer price of Php30 per share is 18.8 percent above the latest closing price at the PSE

Last June 28, listed real estate developer DoubleDragon Properties announced that the final price for its follow-on offering is at Php30 per share. The company is raising fresh funds for its hospitality and industrial projects, and it stands to earn as much ...

The central bank unveiled its latest residential real estate price index

Prices of residential properties across the country grew an average of 2.1 percent year-on-year in the first quarter of 2018, according to the latest residential real estate price index (RREPI) released by the Bangko Sentral ng Pilipinas (BSP) last June 29.Properties within ...

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 ...

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 ...

Amortization seen at only Php6,000-Php-7,000 a month if acquired through a housing loan

Construction has started on Urban Deca Homes Ortigas, a complex consisting of 22 buildings on a 13-hectare property along Ortigas Avenue Extension in Pasig City. It is expected to be completed in 2023Listed real estate firm 8990 Holdings launched its largest home ...

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, ...