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Local developer expands high-end housing project

CEBU, Philippines — Prime Homes Development Corporation is building 45 family homes as it expands its Luana series of subdivisions.   The company is spending an estimated investment of P200 million to build this exclusive subdivision, primarily targeted to middle to high-end market segment, said Prime Homes chief executive officer (CEO) Benedict Que. &nb...

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Is poor customer service endemic in property sector?

No doubt, the real estate market is bullish. But there are serious structural issues that need to be addressed if we expect the sector to continue its growth trajectory. Firstly, let us categorize structural issues into two areas. One is classified as regulatory issues, which refer to the inability of the government to curb local government unit (LGU) related interference, l...

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CLI banks on leasing to prop up earnings

Property developer Cebu Landmasters Inc. (CLI) is building a portfolio of office, retail and hotel property assets to create a stream of recurring earnings that would account for about a tenth of total business by 2023. In a disclosure to the Philippine Stock Exchange on Thursday, CLI said that by 2023, gross leasable area would breach the 200,000-square-meter mark. Jose Sob...

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Starting the year right

It has practically become a routine for many to draw up that quintessential list of resolutions to start the year right. It can be a simple change in habits, a bigger resolve to do things better, or the courage to finally have a go for those life-changing decisions. It all boils down to one wanting to be smarter in every move. Financially for instance, you might want to chec...

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Home preps for the Year of the Earth Boar

Forecasts for the Year of the Earth Boar are now out and you might have already checked out what 2019 has in store for you. Whether or not you will have a share of luck on your side, you might want to check out tips to further enhance it—especially if you are planning to buy a property or renovate your home this year. Malaysia-based real estate consultancy firm, The Edge Propert...

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Demand for condos at all-time high

Despite fast-rising consumer prices and interest rates, residential condominium takeup in Metro Manila hit a record high in 2018 and home buyers demanded for more aside from the new units brought to the market by property developers. However, this record takeup may be difficult to replicate this 2019 as new launches may slow down due to the dearth of available land in the metropolis a...

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