Real estate news and updates

Rappler's latest stories on Real estate

ARTICLE FINDER

SC clears the way for 500% hike in property valuation in Quezon City

Oct 25, 2018 - 7:30 AM

(UPDATED) City Administrator Aldrin Cuña says the QC Fair Market Values Ordinance can be implemented 15 working days after the Supreme Court decision

New Zealand curbs foreign property ownership to cool market

Aug 16, 2018 - 6:11 PM

The new restrictions mean an almost complete ban on non-nationals buying residential property in New Zealand, with only a couple of exemptions

Lucio Co invited to invest in Bacolod port

Jul 27, 2018 - 7:16 PM

BREDCO president John Palanca Alonte says the company aims to bring the port to 'the next level' by making it a world-class facility with the help of a strategic investor

BACOLOD SEAPORT TERMINAL. The Bacolod Real Estate Development Corporation had a soft opening of its new seaport terminal worth P360 million on July 25, 2018. Contributed photo

What do millennials look for in a home?

Jul 27, 2018 - 2:31 PM

Today's young achievers are constantly in search for living spaces that will fuel their drive and nurture their lifestyles. But what elements really matter to them?

Ortigas & Company to spend P26B on Capitol Commons

Jul 05, 2018 - 2:20 PM

The property developer is expanding Estancia mall and constructing condominiums at Capitol Commons in Pasig City

Housing prices rise by 2.1% in Q1 2018

Jul 01, 2018 - 7:00 PM

In the 1st quarter of 2018, there was a 13.8% increase in the prices of townhouses and a 2% increase in the prices of condominium units, says the Bangko Sentral ng Pilipinas

DoubleDragon opens 2018 with 349% jump in net income

May 15, 2018 - 5:40 PM

The surge is mainly due to higher rental income for the listed property developer in the 1st quarter of the year

How this man-made lake restores the beauty of Caliraya

Apr 25, 2018 - 2:49 PM

Drive to the countryside and immerse in the picturesque beauty of this exclusive lakeside community where sophistication and adventure await

Ayala Land outlines PH, Malaysia expansion in 2018

Apr 18, 2018 - 8:05 PM

The real estate firm's plans for the year include 4 malls and 3 office buildings in the Philippines, as well as a development in Klang Valley, Malaysia

Cebu Landmasters to build 1st Radisson Red hotel in PH

Apr 18, 2018 - 2:00 PM

The 146-room hotel geared towards millennials will rise at the Astra Centre in Mandaue City, Cebu, and is set to open in late 2021

Century Properties net income drops in 2017 amid diversification

Apr 16, 2018 - 5:15 PM

Despite higher revenues, the property developer's net income drops to P649.9 million in 2017 from P726.9 million in 2016 as it expands into the affordable housing and leisure markets

Bank lending, liquidity both up in February

Mar 28, 2018 - 5:25 PM

Bank loans expand by 19.5% in February, pushing domestic liquidity to an estimated P10.7 trillion for the month, according to the Bangko Sentral ng Pilipinas

Megaworld net income up 13.4% to P13.3 billion in 2017

Mar 26, 2018 - 4:25 PM

The Andrew Tan-led property developer also plans to spend P60 billion in capital expenditures this year

Megaworld to turn over 2,300 condo units in Fort Bonifacio in 2018

Mar 19, 2018 - 5:55 PM

Megaworld is the largest single landholder and developer in Fort Bonifacio, with 4 integrated urban townships covering a total of 107 hectares

BIGGEST INVENTORY. Megawide will deliver to buyers a total of 2,300 residential units from 5 condominium developments within in its 3 townships projects in Fort Bonifacio. Images from Megaworld

Hotel 101 pushing through despite planned Boracay 'shutdown'

Mar 15, 2018 - 7:15 PM

The Philippine government's plan to 'close' Boracay amid environmental concerns will not stop the construction of the biggest hotel on the island

COASTAL DEVELOPMENT. An aerial perspective of the planned Hotel101 Resort-Boracay in Boracay Island. Image from DoubleDragon

P50 billion earmarked for Ortigas East property development

Mar 14, 2018 - 9:45 PM

Ortigas & Company will redevelop Frontera Verde into a mixed-use estate called Ortigas East, with an office tower and mall first to rise by 2025

Photo from Ortigas and Company

PH Competition Commission approves land, energy joint ventures

Feb 22, 2018 - 4:20 PM

These joint ventures include Ayala Land's partnership with Royal Asia Land to develop a 936-hectare property in Cavite, as well as the plan of Markham and Alternergy for hydropower projects in Ifugao

SC denies Ayala Land's motion for reconsideration on prime Las Piñas lot

Feb 06, 2018 - 4:30 PM

Ayala Land reiterates that it does not expect the Supreme Court ruling to 'have any material effect on [its] business, operations, and financial conditions'

Britain to move Bangkok embassy after record sale

Feb 01, 2018 - 7:29 AM

The record £420 million ($596 million) sale of the embassy in Bangkok's Lumpini neighborhood is the UK foreign ministry's biggest ever such deal and the biggest land deal in Thai history

MOVING OUT. In this file photo, a Thai policeman stands guard at the entrance of British embassy in Bangkok, 08 July 2005. Pornchai Kittiwongsakul/AFP

Megaworld to develop smart townships

Jan 29, 2018 - 7:25 PM

Dubbed iTownships, the initiative will include smart home technology, smart parking systems, and the use of sustainable materials, among others

Ayala Land takes majority control of Malaysian construction firm

Jan 03, 2018 - 12:15 PM

Through the deal, the listed property giant says it will be able to make the most of long-term prospects in Malaysia's real estate sector

Ayala Land expanding Seda hotel brand

Dec 29, 2017 - 3:43 PM

The move to aggressively expand the Seda brand is in line with the property giant's objective to be the leading Philippine hospitality brand in terms of size

EXPANSION. Ayala Land unit Seda hotel aims to be the leading Philippine hospitality brand in term of size. Image from Seda Hotels

Memorial park firm venturing into mass housing

Dec 28, 2017 - 3:40 PM

This comes after Golden Haven's intention to change its main line of business to real estate development from funeral and memorial parks

Vista Land projects high profit growth until 2020

Dec 27, 2017 - 2:08 PM

The listed property developer will aggressively launch new residential and commercial projects in the next 3 years

RESULTS: December 2017 Real Estate Broker licensure exam

Dec 19, 2017 - 6:31 PM

PRESS RELEASE: 841 out of 2,230 passed the Real Estate Broker Licensure Examination this December 2017

Megaworld to build P9-billion 'Makati-inspired' CBD in Cavite

Nov 20, 2017 - 5:30 PM

The 35-hectare central business district will be built within its 140-hectare Maple Grove township by 2022

Trump: I fixed ties with PH, a 'most prime real estate' militarily

Nov 15, 2017 - 11:20 AM

"[In] the Philippines, we just could not have been treated nicer....The relationship with the past administration was horrible, to use a nice word,' says US President Donald Trump

'BETTER' PH-US TIES. US President Donald Trump exchange pleasantries with Philippine President Rodrigo Duterte during the ASEAN gala dinner on November 12, 2017. Photo by Russell Palma/ ASEAN Pool Photo

Ayala Land net income up 18% in 1st 9 months

Nov 07, 2017 - 5:35 PM

The property developer posts a net income of P17.8 billion for the January to September period

SM to open mall in Tuguegarao on October 12

Oct 10, 2017 - 3:25 PM

SM Center Tuguegarao Downtown will be SM's 2nd mall in the Cagayan Valley region

FIRST IN CAGAYAN VALLEY. SM's new mall in Tuguegarao is strategically located at the corner of Luna and Mabini streets, which are main thoroughfares in this major urban city in the north. Rappler photo

Megaworld to spend P4.5 billion in 4 years for Twin Lakes in Tagaytay

Sep 21, 2017 - 8:05 PM

The money is earmarked for the development of residential villages and condominiums as well as a hotel in its 1,200-hectare Twin Lakes township

Results: September 2017 Real Estate Appraiser licensure exam

Sep 20, 2017 - 6:51 PM

555 out of 1,501 passed the Real Estate Appraiser Licensure Examination

Ayala Land's 'next BGC' Arca South to take shape by 2019

Sep 13, 2017 - 1:05 PM

The real estate firm is applying the lessons learned from Bonifacio Global City as it develops another mixed use estate in Taguig City

Cebu Landmasters invests more in Cagayan de Oro

Sep 08, 2017 - 4:45 PM

Cagayan de Oro is one of the key sites identified by Cebu Landmasters for its expansion in the Visayas and Mindanao

2ND PROJECT. This will be the 2nd project of Cebu Landmasters in Cagayan de Oro after MesaVerte, a 3-tower condominium that has already sold 95% of its inventory of 798 units. File photo

Megaworld net income up 11% to P6.69B in 1st half of 2017

Aug 10, 2017 - 6:40 PM

The rise is due mainly to the property developer s rental income which rose 20 to P5 83 billion for the period

Federal Land, 2 Japanese firms to build P20-B complex in BGC

Jul 10, 2017 - 3:00 PM

Set to be completed in 2025 the retail and residential complex will form part of Federal Land s 10 hectare Grand Central Park in Bonifacio Global City

VENTURE. Federal Land ties up with Nomura Real Estate Development Company Limited and Isetan Mitsukoshi Holdings Limited for the development of the Sunshine Fort Landmark project. Rappler file photo

DoubleDragon, Ascott to build 5-star luxury serviced apartment in Pasay

Jun 19, 2017 - 2:22 PM

Ascott DD Meridian Park Manila will sit on a 5 567 square meter lot within the 4 8 hectare complex of DoubleDragon and is set to have over 300 units

FIVE-STAR. DoubleDragon says the construction of Ascott-DD Meridian Park Manila is set to break ground by end-2017. Logo from DoubleDragon

Empire East unaffected by Resorts World Manila attack

Jun 13, 2017 - 2:18 PM

Empire East will continue to invest and expand in the Philippines allocating P25 billion in capital spending budget over the next 5 years to fund its projects in Metro Manila and the south

PUSHING THROUGH. Kasara Urban Resort Residences in Pasig City is one of Empire East's projects. It is planning to build more inside and outside Metro Manila. Photo from Empire East

Rockwell Land eyes more commercial developments to counter condo revenue cycle

Jun 01, 2017 - 4:55 PM

UPDATED Though lucrative residential properties bring little to no more revenue for developers once fully turned over

Ayala Land launches new green-themed subdivision in Nuvali

May 30, 2017 - 5:39 PM

The new 85 hectare subdivision dubbed ‘Cerilo’ begins selling next month

NEW DEVELOPMENT. Ayala Land launches its latest high-end subdivision, Cerilo, in its Nuvali development in Sta Rosa, Laguna. Image from Ayala Land

Hong Kong firm pays record $3B for prime commercial lot

May 17, 2017 - 11:20 PM

The 2 880 square meter property located in the bustling Central district is sold to a company owned by Hong Kong s second richest man

A general view shows a multi-storey car park (R) in the Central district in Hong Kong on May 17, 2017. A Hong Kong tycoon has paid 3 billion USD for a prime commercial lot -- currently occupied by a multi-storey car park -- as costs in one of the world's most expensive metropolises continue to soar. / AFP PHOTO / Jayne Russell / “The erroneous mention[s] appearing in the metadata of this photo by Jayne Russell has been modified in AFP systems in the following manner: [May] instead of [March]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.”

SM Prime, Ayala to defy China's slowdown

Apr 26, 2017 - 9:15 AM

While SM Prime plans to increase its investments in China Ayala is in talks with several Chinese firms that are interested in venturing into Philippine infrastructure

CHINESE TASTES. SM City Xiamen shows how well SM has adapted to China. It started as a mass market department store in 2001, then expanded to a lifestyle mall with upscale brands. Photo by Mia Gonzales/Rappler

How a family business became Cebu’s top local developer

Apr 24, 2017 - 4:51 PM

Established only in 2003 Cebu Landmasters already has 11 market share of Cebu’s property scene The company is planning to launch its IPO next month

THEY BUILD WITH YOU IN MIND. Cebu Landmasters Inc’s CEO Jose Soberano III (2nd from right), flanked by his son and COO Franco (1st from right) and their employees

SC issues TRO vs property tax hike in QC

Apr 18, 2017 - 5:48 PM

Under Quezon City Ordinance No 2256 real property taxes in Quezon City are estimated to increase from 100 to 500 starting this year

Rental sales lift Megaworld's 2016 income

Apr 05, 2017 - 7:30 PM

The developer however does not provide its real estate sales figures for 2016 which is a big component of its consolidated revenues

RENTAL SPACE. Megaworld will add close to 1 million square meters of leasable space in its portfolio. Photos from Megaworld's website

Housing prices outside Metro Manila still rising

Apr 02, 2017 - 11:30 PM

Condominium units are the most commonly purchased in the National Capital Region while single detached houses are dominant in the provinces

Our changing Manila: Trumped before we know it?

Apr 01, 2017 - 9:30 PM

Liveable cities need more than skyscrapers

William Belo: Doing business like a crocodile

Mar 14, 2017 - 12:43 PM

After 40 years Belo s home improvement company Wilcon is now a compelling retail player with a network of 36 big box’ and community stores

BIG BOX FOUNDER. William Belo to list home improvement retailer Wilcon Depot, which he found 40 years ago

Cebu Landmasters sets P12B capital spending until 2018

Mar 01, 2017 - 5:25 PM

Bulk of its planned projects over the next two years consists of 7 000 economic housing units two mixed use communities and two hotel projects in Cebu

GO PUBLIC. The leading homegrown developer in Metro Cebu wants to acquire and develop more land in the Visayas and Mindanao. Screenshot from Cebu Landmasters website

ArthaLand, China Railway, Knusford Berhad partner for Cebu infra deal

Feb 27, 2017 - 7:30 PM

The partnership is for the development of a 166 million 38 storey office building in Cebu

CEBU VENTURE. Under the agreement, China Railway Dongfang Group and Knusford Berhand will form a joint venture company in the Philippines with ArthaLand to execute the development of Cebu Exchange project. Rappler file photo

Century Properties enters first-home market segment

Feb 27, 2017 - 4:16 PM

The real estate firm of businessman Jose EB Antonio partners with Mitsubishi Corporation to develop a series of housing projects starting off with a 26 hectare community in Tanza Cavite

MORE TO COME. The Century Properties Group and Mitsubishi Corporation signs agreement for the development of housing projects. (L-R) In the photo are Century Properties Group officials Jose Carlo Antonio, Marco Antonio, and Jose E.B. Antonio; Mitsubishi officials Hidetoshi Suzuki, Takuya Kuga, Yoshio Amano, and Masahiro Nagaoka. Photo from Century Properties