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Damosa Land, Inc. eyes resort dev’t in Samal

THE Damosa Land Inc. (DLI), the real estate and property development arm of homegrown conglomerate Anflocor Group of Companies, is set to launch a resort development in the Island Garden City of Samal (Igacos). The DLI vice-president Ricardo “Cary” Floirendo...

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Warehouses, low-cost housing are trends in real estate dev’t

A REAL estate professional has observed a strong demand for properties that can be converted into warehouses, especially from business establishments in Luzon. Samuel Lao, Philippine Real Estate Boards Inc. (Pareb) national director, said the most preferred locations include the City of Naga in the south and the town of Consolacion in the north. “For warehouses, buyers are looking for as small a...

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Davao City property sector continues to boom

DAVAO CITY -- Committed investments in the real estate sector here reached P2.895 billion in the first quarter, up 50% from P1.935 billion in the same period last year, data from the Davao City Investment Promotion Center (DCIPC) showed. The number of building permits released during the first three months of the year also increased 23% to 1,270. DCPIC head Ivan C. Cortez said growth in...

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Philrealty net loss narrows 22.8% to P72.2M

STRONGER condominium sales helped listed property developer Philippine Realty and Holdings Corporation (Philrealty) narrow its net loss by 22.8 percent in the first nine months of the year, the company reported last week. In a financial disclosure to the Philippine Stock Exchange on Friday, Philrealty said its net loss in the nine-month period improved to P72.2 million from a P93.5 million net lo...

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