Metro Manila (CNN Philippines, January 20) — The government has relaunched real estate investment trusts or REITs, a platform that would let property companies raise fresh funding from the public. The Securities and Exchange Commission (SEC) led the unveiling of new rules for REITs on Monday, 11 years since the law creating these investment instruments took effect. REITs work like...
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Asia Pacific commercial real estate investment volume fell to US$22.6 billion in Q1 2020, representing a decline of 23% y-o-y* and marking the lowest quarterly total in almost three years, according to the latest data from CBRE. Turnover in the office (US$14 billion, up 2.5% y-o-y) and industrial (US$3.6 billion, down 4% y-o-y) sectors was firm but a sharp decline in retail deals (US$...
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MANILA - Robinsons Land Corp said Friday it developed an online facility to help home buyers inquire about and purchase property remotely during the coronavirus lockdown. Digital catalogs and virtual tours are used to "showcase" high-rise residential developments, the Gokongwei group's property arm said in a statement. [CATALOGS www.robinsonsproperties.com] Unit reservations ca...
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MANILA (Philippine Daily Inquirer/ANN): A prolonged crisis over the novel coronavirus (2019-nCoV) would likely cut up to 133bil pesos (RM10bil) from the country’s 19-trillion pesos economy, the country’s chief economist said on Friday (Feb 7) with the property sector already feeling the effects of the global contagion as well as the recent eruption of Taal Volcano. Overall, the cont...
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