In the heart of Makati’s financial district, a new symbol of Philippine luxury living is commanding attention—and sky-high prices. Ayala Land Inc.’s Park Central Towers, located at the intersection of Paseo de Roxas and Makati Avenue, is nearing turnover, and with it comes a 250% surge in property values since its launch in 2016. From an initial P290,000 per square meter, p...
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Private sector economists have slashed their gross domestic product (GDP) growth forecasts for the Philippines to as low as five percent, citing the drag from shrinking exports and the broader impact of a global trade slowdown. Singapore-based UOB has substantially shaved its full-year growth projection for the local economy from six percent to five percent. This came after the first quarter...
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https://www.dmcihomes.com/whats-new/news/twin-brothers-find-smart-way-to-own-a-home-through-dmci-homes-homeready "> For twin brothers Stephen and Steven Evangelista, convenience and comfort were top priorities when the time came to find their own space. As a residential sales manager, Stephen is no stranger to the real estate scene—he knows which areas get too crow...
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Megawide Construction Corp., led by bilyonaryo Ed Saavedra, reported a 14% jump in its first quarter net income to ₱210 million, buoyed by higher contributions from its real estate and landport operations. In a regulatory filing, Megawide said consolidated revenues reached ₱4.2 billion during the three-month period, while earnings before interest, taxes, depreciation, and amortization (EBITDA)...
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Developers respond to Metro Manila vacancies with flexible space formats. The government’s shutdown of Philippine Offshore Gaming Operators (POGOs) is prompting developers to repurpose vacant office spaces to meet shifting tenant demand. Formalised under Executive Order No. 74 signed by President Ferdinand Marcos Jr. on July 22, 2024, the directive mandates a complete halt to all POGO ope...
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LISTED real estate developer Cebu Landmasters, Inc. (CLI) posted a 2% increase in its first-quarter (Q1) attributable net income to P995 million from P978 million last year, led by sustained demand in the Visayas and Mindanao (VisMin) markets. January-to-March consolidated net income rose 12% to P1.32 billion from P1.18 billion a year ago, CLI said in a statement on Thursday. Conso...
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