property

The two companies won several trophies in industry awards given by Lamudi Philippines

Listed real estate firms Ayala Land Inc. and Megaworld Corp. were named best developers of the year in The Outlook 2018: Philippines Buyers’ Choice Property Awards organized by online real estate platform Lamudi Philippines. This year’s awarding ceremony was held last November ...

Ice Oliva lists social and cultural reasons why millennials aren't interested in property

The Italian Chamber of Commerce in the Philippines (ICCPI) just held the Real Estate and Investment Conference 2018, a one-day event where experts from the private and public sectors talked about the various investment opportunities in the local real estate industry, on ...

It's a sign that property buyers are willing to pay for order, community and systems, says property expert

Whenever experts and analysts talk about the massive opportunities in the real estate industry, chances are the discussions are focused on the Metro Manila market.Data from real estate analyst Leechiu Property Consultants (LPC) revealed that there are at least 63 masterplanned communities, ...

Ortigas & Co. executive explains how property developers are innovating while remaining cautious

Ortigas & Co. SVP and COO Thomas Mirasol (center) was one of the speakers in Lamudi's media roundtable last September 20“Innovation in real estate is more incremental rather than revolutionary… You can be very aggressive and try to be very revolutionary, but ...

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 ...