MANILA, Philippines — The Home Development Mutual Fund, commonly known as Pag-IBIG Fund, released P30 billion in housing loans in the first quarter for over 20,000 members. In a statement, Pag-IBIG said home loans expanded by 7.5 percent to P30.22 billion from January to March compared to the previous year’s P28.09 billion. The first quarter home loans represent 19 percent of the...
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MANILA, Philippines — Despite lingering challenges in the Philippine real estate sector, the country’s four largest property developers are expected to ramp up premium residential projects over the next two years to offset a softening mass market, according to S&P Global Ratings. Property giants Ayala Land Inc., Megaworld Corp., Robinsons Land Corp. and SM Prime Holdings Inc. ar...
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Leading developer in VisMin Cebu Landmasters, Inc. (CLI) posted a strong start to 2025, with a consolidated net income rising by 12% year-on-year to P1.32 billion in the first quarter. This was driven by geographic expansion, steady project execution, and sustained demand across key Visayas and Mindanao markets. Consolidated revenues grew by 4% to P6.51 billion in the same period last year, wit...
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Shang Properties, a leading name in luxury real estate development in the Philippines, received two prestigious five-star awards —the highest level of recognition—at the Asia Pacific Property Awards 2025, held at the Bangkok Marriott Marquis Hotel, Queen’s Park in Thailand on May 15–16. At this year’s ceremony, Shang Properties received the five-star award for both...
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RIZON Property Holdings Corp. has commenced construction on its latest venture, the Serenity Viewing Chapel, a contemporary three-story funeral facility set to reshape end-of-life services in Lapu-Lapu City. The project is an added facility of Haven of Peace Memorial Garden, a growing player in Cebu’s memorial park real estate sector. Positioned as a tranquil and easily acces...
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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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