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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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OFWs’ quick guide to wise investment

Billions of dollars are remitted to the country by overseas Filipinos workers every year. In 2017 alone, the Bangko Sentral ng Pilipinas (BSP) recor-ded $31.3 billion in personal remittances, which then accounted for about 10 percent of the country’s GDP. Latest BSP data further showed that as of end August this year, cumulative personal remittances reached $21.2 billion, while...

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Robinland picks Quiot for 2nd project

ROBINLAND Inc. will develop its second real estate project in Barangay Quiot, Cebu City. Robinland, led by Edwin B. Robin, held a groundbreaking ceremony for three residential towers last Friday, Feb. 8.  Robin said he chose Quiot because it is situated on a hill that overlooks Cebu City. “Una man unta nakong plano ani kay residential hous...

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Developer sees bright prospects in Cebu’s real estate sector

CEBU CITY— Citing future infrastructure projects and growing market demand, PrimeHomes Development Corporation launches another real estate project in the municipality of Minglanilla, 14 km from this city. “We still see bright prospects the real estate industry,” Prime Homes Development Corporation Business Development Manager Harold Vince See said during the launch...

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CLI reservation sales reach P8.54B in 2018

CEBU Landmasters Inc. (CLI) recorded P8.54 billion in reservation sales in 2018, breaking the P7-billion target set for the year by 22 percent. The year-end reservation tally has exceeded the previous year’s P4.58 billion by 86 percent. In a disclosure to the Philippine Stock Exchange, the company said the reported amount is net of the joint-venture partners’ share. Accoun...

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Sheraton units ‘nearly sold out’

BUYERS of luxury resort residences in Mactan are not deterred by the presence of medical wastes in the waters of Lapu-Lapu City. Ray Go Manigsaca, AppleOne Properties president, said 90 percent of their condominium units in The Residences at Sheraton Cebu Mactan Resort have been sold.  “There’s no problem here because we are located in one of the c...

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