property - updates

Rappler's latest stories on property

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Baguio to sue real estate firm for ‘killing’ trees

Sep 20, 2019 - 4:19 PM

The trunks of the trees within the property of Northbelle Properties Incorporated are bored with large holes, and chemicals are injected to dehydrate them

'KILLED.' The city government of Baguio finds these among the 9 'murdered' trees in Gibraltar on September 17, 2019. Photo by Cepmo

Online gambling contributes P551 billion to Philippine economy yearly

Sep 17, 2019 - 12:10 PM

Philippine offshore gaming operators (POGOs) now bring more cash to the local economy than business process outsourcing companies, says Leechiu Property Consultants

JACKPOT. A property consultancy firm says online gambling is contributing more cash now more than ever to the local economy. Photo by Jeff Digma/Rappler


Isko Moreno slashes Manila's real property tax by 20% in 2020

Aug 22, 2019 - 4:39 PM

The newly signed city ordinance, which takes effect on January 1, 2020, imposes a total of 40% reduction in real property tax in three years. It aims to increase Manila's revenue collection while easing the burden of paying tax obligations

NEW ORDINANCE. Manila Mayor Isko Moreno hopes to encourage businesses to set up shop in Manila. File photo by Lito Borras/Rappler

Kepwealth Property gets nod for IPO in August 2019

Jul 25, 2019 - 5:45 PM

Philippine Stock Exchange president Ramon Monzon hopes Kepwealth's move will encourage other companies that pushed back their initial public offering plans

Megaworld to launch P2P bus transport hub at Iloilo Business Park

Jul 10, 2019 - 1:45 PM

The P2P bus transport hub at the Iloilo Business Park will have two terminals. Here's what travelers can expect.

LAUNCHING SOON. Megaworld will be bringing in the first premium point-to-point bus services in Western Visayas within the year. Photo from Megaworld

Cebu City judge inhibits from South Road Properties sale case

Jul 10, 2019 - 10:39 AM

Judge Soliver Peras notifies the 15th Cebu City Council about his inhibition on its first session

SOUTH ROAD PROPERTIES. 2017 image from Wikipedia by Oyvind Holmstad

Local developers return to Filipino roots with 'green' buildings, designs

Jul 08, 2019 - 6:07 PM

Taking a cue from the classic bahay kubo, property developers say the green concept is just 'revisiting what we have back then and trying to fit it with the technologies and our way of life now'

Photo from shutterstock

Century Properties sets P30 billion capex until 2021 amid expansion plans

Jun 28, 2019 - 5:26 PM

After its foray into the affordable housing sector, Century Properties Group gears up to also provide housing to the young workforce

Megaworld subsidiary eyes P1.4-B income from rentals, hotels in 2019

Jun 27, 2019 - 7:05 PM

Amid its expected doubling of income for 2019, Global-Estate Resorts says it wants to contribute to the Philippines' tourism sector

MORE INCOME. The launching of more projects in 2019 is expected to double GERI's income.

Megaworld plans more developments in Visayas, Mindanao

Jun 17, 2019 - 7:50 PM

With only 6 townships in the Visayas and 1 in Mindanao, Megaworld says it wants to increase its presence outside Luzon

Israeli court approves Jerusalem church land sale to settler group

Jun 12, 2019 - 7:47 AM

Israel's top court approves sale of properties by the Greek Orthodox Church to a Jewish pro-settlement organization in mainly Palestinian areas of annexed east Jerusalem

A member of Israeli security forces stands guard as a group of Jewish orthodox students wearing shirts bearing the Star of David tour the old city of Jerusalem on June 2, 2019 as Israelis mark Jerusalem Day. Jerusalem Day commemorates Israel's capture of the holy city's mainly Palestinian eastern sector in the 1967 Six-Day War. MENAHEM KAHANA / afp

Cebu City council voids Cebu South Road Properties sale

Jun 11, 2019 - 10:07 PM

(UPDATED) This is the second motion approved in a week by the Osmeña-allied city council to invalidate the South Road Properties transaction from 2015, despite a court ruling upholding it

SOUTH ROAD PROPERTIES. 2017 image from Wikipedia by Oyvind Holmstad

Osmeña council allies move to invalidate sale of South Road Properties

Jun 06, 2019 - 10:36 PM

Outgoing Mayor Tomas Osmeña insists these properties were sold during the time of mayor Michael Rama for prices below their market value

DM Wenceslao's MidPark Towers gains P4.3 billion in pre-selling

Jun 06, 2019 - 4:35 PM

More units will be open for purchase in June

Midpark exterior: STRATEGICALLY LOCATED. D.M. Wenceslao and Associates Incorporated's highlights the closeness of its second condominium project to various transportation networks. Photo from DMWAI

More OFWs upbeat about investing in PH properties

Apr 27, 2019 - 8:30 AM

According to a poll, Manila, Cavite, and Laguna are the top 3 preferred locations of Filipino expats in the UAE

HIGHER PRICES. Prices for residential real estate in the last quarter of 2018 went up, basing from loans taken from banks. Photo by Jire Carreon/Rappler

Filinvest expands portfolio to logistics, industrial parks

Apr 22, 2019 - 7:00 PM

Filinvest Land's first logistics and industrial park, which will be located in New Clark City, will begin construction in 2019 and is expected to be operational by 2020

Century Properties secures funding for affordable housing projects

Apr 15, 2019 - 7:50 PM

The company initially planned to get only P2 billion in funding but was met with 'significant interest,' raising P3 billion

DoubleDragon net income rises to P7.42 billion in 2018

Apr 15, 2019 - 6:35 PM

DoubleDragon's net income and revenues are boosted due to the growing land values of its acquired properties

A NEW VENTURE. The acquisition will enable DoubleDragon to extend its business in the hotel sector and support its thrust on focusing on recurring income businesses

Sustained demand in real estate seen for 2019 – JLL

Apr 11, 2019 - 9:00 PM

Among the key drivers of the real estate demand are mainland Chinese investors, which are seen to diversify into other industries aside from offshore gaming

Photo by Inoue Jaena/Rappler

'Builders' vs 'destroyers'? Cebu City's Osmeña, Labella trade barbs

Mar 31, 2019 - 11:05 PM

Cebu City Mayor Tomas Osmeña and Vice Mayor Edgar Labella remain at odds over the Isla dela Victoria project

WAR OF WORDS. Mayor Tommy Osmeña and Vice Mayor Edgar Labella exchange words over a project in the Cebu SRP. Osmeña photo from Rappler Talk, Labella photo from Facebook, Isla dela Victoria photo from Cebu City official website

DoubleDragon to breach 5,000-room target with Cebu airport hotel

Mar 25, 2019 - 8:30 PM

The planned Hotel101-Cebu is eyed to be the biggest airport hotel in the Visayas

TARGET ACHIEVED. DoubeDragon has reached its 5,000-room target by sealing the deal with U-Bix Group's Federated Realty Corp through its subsidiary Hotel of Asia Inc to develop Hotel101-Cebu. Image from DoubleDragon.

FAST FACTS: Who is Wilfredo Keng?

Mar 02, 2019 - 10:40 PM

(UPDATED) The sons of Chinese philanthropist Huang Rulun – President Duterte's 'good Samaritan' – and Wilfredo Keng are incorporators of Century Hongyu Property Ventures Corp

China vows increased U.S. imports, IP protection at trade talks

Feb 01, 2019 - 11:52 AM

In a breakthrough, China agrees to increase imports of US goods and boost cooperation on protecting intellectual property

NEGOTIATIONS. US and China delegations during the trade talks in Washington DC on January 30, 2019. Photo by Jim Watson/AFP

Why hotel and property owners should partner with RedDoorz Philippines

Jan 14, 2019 - 5:31 PM

RedDoorz partners with hotel and property owners to drive growth and expansion

Makati extends work hours for business permit renewal, tax payments

Jan 04, 2019 - 11:22 AM

Makati's Business Permits and Licensing Office and other key offices will also be open on weekends until January 20

National Museum declares Post Office Building 'important cultural property'

Nov 24, 2018 - 10:56 AM

The Post Office Building, built in 1926, may now receive government funding for its protection, conservation, and restoration

WATCH: Bring them home this Christmas: A new digital film pays tribute to OFWs

Nov 14, 2018 - 4:26 PM

An OFW father and the son he left back home are at the core of a new digital film by Century Properties

Quezon City council eyes 2-year suspension of property value increase

Oct 26, 2018 - 6:14 PM

If the proposed ordinance is passed, the collection of real property taxes for the years 2018-2019 will still be based on the 1996 schedule of fair market values

QUEZON CITY SKYLINE. A view of the Quezon City are. Photo from Patrickroque01 at English Wikipedia

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

Former Marcos mansion in New York to be auctioned off

Sep 05, 2018 - 9:33 PM

Bid starts at $2.1 million for what Maltz Auctions markets as an 'extremely rare opportunity to own one of the last great estates on Long Island'

MANSION. A waterfront estate in Long Island, New York previously owned by late strongman Ferdinand Marcos will be auctioned off. Photo from Maltz Auctions

NBI files complaint vs resorts, local execs in Boracay mess

Jul 19, 2018 - 6:45 PM

Business owners are accused of breaking environmental rules

PH among worst in ease of doing business, education – report

Jul 11, 2018 - 7:13 PM

The Philippines remains in the 73rd spot in the 2018 Global Innovation Index, but several indicators reveal problems in business, education, and political climate

Senate OKs bill on small businesses' better access to financing

May 28, 2018 - 5:50 PM

The proposed Personal Property Security Act seeks to expand the list of assets acceptable to banks as collateral, among others

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

Women listed as inventors in third of global patent filings – UN

Apr 26, 2018 - 3:18 PM

New data from the World Intellectual Property Organization shows that women are listed in 31% of the some 224,000 international patent applications it published last year

U.S., Britain warn of Russian campaign to hack networks

Apr 17, 2018 - 9:58 AM

The router hacking operation has targeted both government and private sector groups, and the key providers of network infrastructure and internet services serving them

All photos from Shutterstock

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

GT Capital spending over P100 billion in 2018

Apr 01, 2018 - 10:00 PM

The listed holding firm of tycoon George Ty plans to go big this year with its banking unit's expansion plans

HUGE CAPEX. George Ty's GT Capital Holdings Incorporated is spending as much as P111.9 billion this 2018 alone. Photo by Alecs Ongcal/Rappler

Robinsons Land, Shang Properties tie up for P10 billion BGC project

Mar 23, 2018 - 9:13 PM

The two firms will form a 50-50 joint venture to develop a property situated at McKinley Parkway corner 5th Avenue and 21st Drive in Bonifacio Global City that is planned to include residential condominiums and retail outlets

Trump to consider trade measures against China 'in coming weeks' – advisor

Mar 15, 2018 - 11:51 PM

The warning raises the temperature for currently fraught US foreign relations, in which Trump's aggressive trade maneuvers have taken center stage

TRUMP AND CHINA. US President Donald Trump walks to Marine One prior to departure from the South Lawn of the White House in Washington, DC, February 16, 2018. File photo by Saul Loeb/AFP

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

BPO property demand in Philippines seen to rebound, then stay flat

Feb 19, 2018 - 8:25 PM

This is after property demand from the BPO sector dropped by 26% in take-up to 385,000 sqm in 2017, from 485,000 sqm in 2016, says Leechiu Property Consultants

REBOUND. The flattish growth from the BPO sector will be offset by the demand from online gaming and offshore gaming, says Leechiu Property Consultants. Photo by LeAnne Jazul/Rappler

Gwen Garcia and the Balili property: A tale of two controversies

Feb 16, 2018 - 8:42 PM

The Balili cases also tell the story of the tangled web that is the local politics of vote-rich Cebu

EMBATTLED. The former governor and current deputy speaker faces yet another controversy over her stint as Cebu governor. File photo courtesy of Deputy Speaker Gwen Garcia Media Affairs

DoubleDragon plans 3.9-hectare industrial hub in booming Iloilo

Feb 14, 2018 - 4:00 PM

With the rising cost of traffic and congestion in Metro Manila, property developers like DoubleDragon are looking at alternative cities to expand their landbank

INDUSTRIAL HUB. DoubleDragon's planned industrial hub in Iloilo will have a capacity of 22,000 square meters of leasable space once fully developed. Image from DoubleDragon

Garcia questions 'timing' of dismissal: Ombudsman 'singled me out'

Feb 12, 2018 - 1:12 PM

(UPDATED) While the Ombudsman has tasked House Speaker Pantaleon Alvarez to implement the dismissal order, it's the House plenary that will ultimately decide

SUSPECT TIMING? Cebu 3rd District Representative Gwen Garcia (center) questions the Ombudsman's decision to dismiss her from service. File photo from the House of Representatives

DoubleDragon, partners to build PH's 'biggest' hotel in Boracay

Feb 01, 2018 - 1:55 PM

Hotel101 Resort-Boracay will have 1,001 rooms and will be located in Megaworld's 150-hectare Boracay Newcoast estate

image from DoubeDragon

[OPINION] Case vs Rappler not a freedom of the press issue? Please.

Jan 19, 2018 - 6:32 PM

The case against Rappler is just part of President Duterte's war against the critical press

Rappler vs SEC, Duterte on Prieto family, Bannon testimony | Midday wRap

Jan 17, 2018 - 1:21 PM

Watch the midday newscast with Mara Cepeda

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