Nationwide residential property prices grow by 10.4 percent year-on-year in Q3 2019 Residential real estate for various types of housing units, as measured by the Residential Real Estate Price Index (RREPI), increased by 10.4 percent year-on-year in Q3 2019. It is the highest growth rate observed since Q1 2016; it is also higher than 0.4 percent growth in Q2 2019 and the 4.5 percent growth last year. Prices of condominium units in Q3 2019 registered the highest growth rate since Q1 2016 at 29.1 percent. Duplexes follow at 24.8 percent, single-detached/attached houses at 2.4 percent, and townho ..read more

Do you just merely view a property for a good 20 minutes and you’ll be on your way to the other property? This may be relatable for some but for most people who go on property viewing, 20 minutes can sometimes never be enough to encompass your senses to immerse into a property and its entirety. After all, your hard-earned money is at stake, so the more time you allocate, the more observant you will become. Planning on the purchase of a house can be challenging and stressful. Your budget, current status, and personal preferences must be taken into consideration. In that light, we have laid out ..read more

Cebu, Philippines – Cebu Landmasters Inc. (CLI), one of the Visayas-Mindanao leading property developers, will build a P1.5-billion high-rise residential condominium with retail spaces in downtown Iloilo City, which should be ready for occupancy in 2024. CLI recently signed a joint-venture agreement with International Builders Corp. (IBC), headed by its Chair Alfonso Tan, to construct the tower.  The agreement states that CLI will own 50% and manage the residential development. IBC, on the other hand, will simultaneously develop a downtown mall that connects to the tower. “We’re very proud to ..read more

Cavite, Philippines – Real estate company Megaworld, which develops large-scale, mixed-use communities, is building its first upscale residential village, the Arden Botanical Village, inside the 251-hectare Arden Botanical Estate in Trece Martires City. The Ardent Botanical Estate is a joint project of Megaworld and subsidiary Global Estate Resorts Inc. Both will spend P18 billion to build the development for the next 10 years, mostly highlighted by flower farms and gardens. Covering around 18 hectares of the estate, the planned residential village will have 329 lots ranging from 280 to 609 sq ..read more

Manila, Philippines –FilipinoArt.ph, an online marketing platform dedicated to showcase and sell original artworks by local artists across the Philippines, has recently been launched via a physical exhibition titled Sariling Sining (Our Art) at Art Circle Gallery, Ayala Malls Circuit. Six artists from the Philippines’ capital and major tourist destinations were featured in the exhibition – each artwork evoked varied emotions by exploring local cultural influences with distinctly Philippine themes. The featured artists included cubist Hermel Alejandre from Camarines Sur; expressionist Pamela Le ..read more

Manila. Philippines – DoubleDragon Properties Corp., a newly-listed company at the Philippine Stock Exchange, has reported its Consolidated Net Income at P3.12 billion for the first nine months of the current year; it’s an increase of 102.43% compared to only P1.54 billion during the same period last year. The company’s recurring revenues have also increased by 40.71% at P2.86 billion for the first nine months this year compared to P2.03 billion during the same period last year, which can be attributed to the growth in rental revenues at 43.44% (P2.38 billion) during the period in review. “Thi ..read more

Manila, Philippines – Real estate firm Ayala Land Inc., a subsidiary of Ayala Corporation, has posted a 12% increase in its net income, which totaled to P23.2 billion, in the first nine months of the current calendar year.  Total revenues increased by 2%, which totaled to P119.7 billion. Its capital expenditures, on the other hand, reached P78.2 billion for the period, which have supported the company’s continued residential and leasing asset buildup. Its malls and office segments have expanded their leasable area further to 2.1 million and 1.2 million square meters, respectively. “[The] third ..read more

By Alexei Petrenko Manila, Philippines – Local conglomerate Filinvest Alabang Inc., a subsidiary of Filinvest Development Corp., and Mitsubishi Corporation, one of Japan’s biggest trading companies, are entering a partnership in which they will establish a multi-tower complex with cutting-edge office facilities. The mixed-use development would benefit their employees and tenants and improve their respective business dealings. The location of the project will be in the central district of Alabang, particularly in Filinvest City. The joint-venture agreement between Filinvest and Mitsubishi inclu ..read more

Cavite, Philippines – Township developer Megaworld and its subsidiary Global-Estate Resorts Inc (GERI) are jointly developing the 251-hectare property Arden Botanical Estate located at the boundary of Trece Martires City and the municipality of Tanza in Cavite. Megaworld and GERI are allocating about P18 billion in the next 15 years for the development. Surrounded by natural rivers and organic gardens, Arden Botanical Estate, will have several residential and leisure villages, a mixed-use commercial district, sports and adventure parks, and a variety of gardens and natural parks. Further, the ..read more

Batangas, Philippines–Wilcon Depot, one of the country’s leading home improvement and construction supply retailer, opened its third store in Batangas—55th branch nationwide—last weekend. With over 11,000 square meters of sales area, Wilcon Depot’s new store in Santo Tomas, Batangas follows on the heels of the launch of its store in Lipa City, which is aligned with the retailer’s commitment to provide more sustainable, innovative, and high-quality home improvement products such as tiles, sanitaryware, plumbing, home interior, hardware, and electrical products. Wilcon Depot carries top-tier bra ..read more