Philippines real estate - updates

Rappler's latest stories on Philippines real estate


Coworking, flexible workspace: An emerging driver of property demand

Apr 13, 2019 - 2:10 PM

Property developers are seeing the merit of including flexible and coworking spaces in their portfolio

Waiting for the elevator and leaving the building won't be necessary as the WeWork office also has a minipark with articial grass and three-seater swings for members to take a break in. Photo by Anna Mogato/Rappler

Housing prices rise by 2.1% in Q1 2018

Jul 01, 2018 - 7:00 PM

In the 1st quarter of 2018, there was a 13.8% increase in the prices of townhouses and a 2% increase in the prices of condominium units, says the Bangko Sentral ng Pilipinas

DoubleDragon opens 2018 with 349% jump in net income

May 15, 2018 - 5:40 PM

The surge is mainly due to higher rental income for the listed property developer in the 1st quarter of the year

Megaworld net income up 13.4% to P13.3 billion in 2017

Mar 26, 2018 - 4:25 PM

The Andrew Tan-led property developer also plans to spend P60 billion in capital expenditures this year

Megaworld to develop smart townships

Jan 29, 2018 - 7:25 PM

Dubbed iTownships, the initiative will include smart home technology, smart parking systems, and the use of sustainable materials, among others

Ayala Land takes majority control of Malaysian construction firm

Jan 03, 2018 - 12:15 PM

Through the deal, the listed property giant says it will be able to make the most of long-term prospects in Malaysia's real estate sector

Megaworld to build P9-billion 'Makati-inspired' CBD in Cavite

Nov 20, 2017 - 5:30 PM

The 35-hectare central business district will be built within its 140-hectare Maple Grove township by 2022

Ayala Land net income up 18% in 1st 9 months

Nov 07, 2017 - 5:35 PM

The property developer posts a net income of P17.8 billion for the January to September period

Megaworld to spend P4.5 billion in 4 years for Twin Lakes in Tagaytay

Sep 21, 2017 - 8:05 PM

The money is earmarked for the development of residential villages and condominiums as well as a hotel in its 1,200-hectare Twin Lakes township

Ayala Land's 'next BGC' Arca South to take shape by 2019

Sep 13, 2017 - 1:05 PM

The real estate firm is applying the lessons learned from Bonifacio Global City as it develops another mixed use estate in Taguig City

Megaworld net income up 11% to P6.69B in 1st half of 2017

Aug 10, 2017 - 6:40 PM

The rise is due mainly to the property developer s rental income which rose 20 to P5 83 billion for the period

DoubleDragon, Ascott to build 5-star luxury serviced apartment in Pasay

Jun 19, 2017 - 2:22 PM

Ascott DD Meridian Park Manila will sit on a 5 567 square meter lot within the 4 8 hectare complex of DoubleDragon and is set to have over 300 units

FIVE-STAR. DoubleDragon says the construction of Ascott-DD Meridian Park Manila is set to break ground by end-2017. Logo from DoubleDragon

Empire East unaffected by Resorts World Manila attack

Jun 13, 2017 - 2:18 PM

Empire East will continue to invest and expand in the Philippines allocating P25 billion in capital spending budget over the next 5 years to fund its projects in Metro Manila and the south

PUSHING THROUGH. Kasara Urban Resort Residences in Pasig City is one of Empire East's projects. It is planning to build more inside and outside Metro Manila. Photo from Empire East

Rockwell Land eyes more commercial developments to counter condo revenue cycle

Jun 01, 2017 - 4:55 PM

UPDATED Though lucrative residential properties bring little to no more revenue for developers once fully turned over

SM Prime, Ayala to defy China's slowdown

Apr 26, 2017 - 9:15 AM

While SM Prime plans to increase its investments in China Ayala is in talks with several Chinese firms that are interested in venturing into Philippine infrastructure

CHINESE TASTES. SM City Xiamen shows how well SM has adapted to China. It started as a mass market department store in 2001, then expanded to a lifestyle mall with upscale brands. Photo by Mia Gonzales/Rappler

Rental sales lift Megaworld's 2016 income

Apr 05, 2017 - 7:30 PM

The developer however does not provide its real estate sales figures for 2016 which is a big component of its consolidated revenues

RENTAL SPACE. Megaworld will add close to 1 million square meters of leasable space in its portfolio. Photos from Megaworld's website

Housing prices outside Metro Manila still rising

Apr 02, 2017 - 11:30 PM

Condominium units are the most commonly purchased in the National Capital Region while single detached houses are dominant in the provinces

Amid soaring demand, Megaworld sees P20-B rental income by 2020

Feb 01, 2017 - 4:55 PM

This means the urban township developer projects to more than double its P9 B rental income in 2015

RENTAL SPACE. Megaworld will add close to 1 million square meters of leasable space in its portfolio. Photos from Megaworld's website

Megaworld spending P8.5B for hotel expansion

Aug 25, 2016 - 7:45 PM

The developer will build a total of 5 more hotels in Boracay Manila and Cebu

GOAL. By 2020, Megaworld's Andrew Tan says his firm's 3 local hotels brands will have a total of around 3,800 hotel rooms. Photo by Rob Reyes/Rappler

Snapshot of industries: Good, poor performers under Aquino

Jun 18, 2016 - 9:30 AM

How did industries fare under the Aquino administration?

FASTEST GROWING. The country’s turnaround from being Sick Man of Asia to the fastest growing economy in the region is President Benigno Aquino III’s claim to fame

Megaworld to build more malls, office buildings in PH

Mar 07, 2016 - 2:40 PM

At least 75 of Megaworld s 2016 budget of P55B 1 17B is earmarked for its rental portfolio

RIDING THE BOOM. Megaworld's Jericho Go showing off some of the new towers of the property firm. File photo by Chris Schnabel/Rappler

Century Properties, Mitsubishi break ground on Forbes Media Tower

Feb 03, 2016 - 6:33 PM

With a total gross floor area of 95 000 square meters the Forbes Media Tower is expected to be completed in 2019

GROUNDBREAKING. Forbes Media Tower aims to become an address of choice for both multinational firms and leading BPO corporations. In the photo are Century Properties and Mitsubishi executives. Photo from Century Properties

4th Asia Pacific Real Estate Investment Summit Philippines

Sep 04, 2015 - 2:28 PM

This year’s summit gives its guests unparalleled access to business networking opportunities

NEDA chief: PH property market poised for more robust growth

Jul 28, 2015 - 5:06 PM

Without a doubt this is a great time for the Philippine property market says NEDA chief Arsenio Balisacan

PhilRealty marks comeback with Sky Villas dev't

May 26, 2014 - 12:12 PM

After more than a decade under receivership PhilRealty is back in the market with a premium development in QC

Ayala Land Q1 earnings up 25%

May 07, 2014 - 7:52 AM

The company expects sustained growth to be driven by various projects in its mixed use developments

EXPANSION. The Ayala group is spending billions of pesos to grow its core businesses, mainly real estate, this year

[Executive Edge] The science of building a startup

Oct 26, 2013 - 11:58 AM

A mentor for Philippine startups talks about how businesses can run lean

Ezra Ferraz

PH real estate among most profitable in Asia Pacific

Oct 26, 2013 - 6:00 AM

The Philippines has one of the 3 property markets in Asia Pacific that can make money says a real estate services firm

File photo by Noel Celis/AFP

'Huge opportunities in PH hotel sector'

Oct 25, 2013 - 5:18 PM

The hotel sector is undergoing a rapid revolution with the existing 15 000 rooms being doubled in the next 3 years says real estate consultant David Leechiu

MORE HOTELS NEEDED. The tourism sector needs to double its existing 15,000 rooms in the next 3 years, a real estate consultant says

Sy-led SM Prime cuts public ownership to 26.5%

Oct 25, 2013 - 11:10 AM

The public float of SM Prime the real estate unit of the country s richest family is down to 26 5 still substantial against the minimum 10

SSS sells Fort property for P2.33B

Oct 08, 2013 - 5:40 PM

Clark Quay Holdings wins bid for the 8 300 sqm prime property of state run Social Security System in Bonifacio Global City

Loan defaults stay low

Sep 25, 2013 - 11:31 AM

Non performing loans in real estate accounted for a meager 2 68 of total loans in June

MANAGEABLE. The growing real estate exposure of the banking industry remains manageable, according to the central bank. File photo by AFP

Villar pours P1-B into retail business

Sep 23, 2013 - 10:45 AM

Businessman and former senator Manuel Villar complements his real estate business by expanding retail offerings via a new convenience store chain home appliance and furnishings store and department store

BACK TO BUSINESS. Former senator Manuel Villar attends a press briefing on the financial performance of Vista Land. File photo by Aya Lowe

2 groups vie for SSS prime Fort property

Sep 19, 2013 - 5:30 PM

Two out of the original 6 bidders were prequalified to vie for the Bonifacio Global City property that pension fund Social Security System SSS is auctioning off

Real estate loans inch up to P716-B in March

Sep 11, 2013 - 12:47 PM

The real estate exposure of universal commercial and thrift banks remains manageable the Bangko Sentral ng Pilipinas says

MANAGEABLE. The growing real estate exposure of the banking industry remains manageable, according to the central bank. File photo by AFP

Ayala's Bacolod project approved

Sep 10, 2013 - 8:48 AM

Commission on Audit favors Ayala Land s bid over SM s in 7 7 hectare Bacolod property deal

SSS postpones Fort property bidding to Sept 17

Sep 05, 2013 - 6:04 PM

Weather disturbances in August prompts pension fund SSS to postpone the bidding for its prime property in Bonifacio Global City

Megaworld not following same path as SM

Jul 18, 2013 - 8:05 PM

Megaworld s consolidation will still keep its other real estate units separate

NOT SM. Megaworld will not follow the same path as SM in merging all its property units, according to senior vice president Kingson Sian. Photo by Aya Lowe/Rappler

SSS puts Fort property up for sale

Jul 01, 2013 - 11:38 AM

The pension fund has set the minimum bid at P2 24 billion equivalent to a selling price of P269 894 per sqm

FOR SALE. Pension fund SSS is selling its property at the Fort in Taguig City. Photo of SSS presentation

Andrew Tan consolidates property units

Jun 24, 2013 - 8:00 AM

Real estate tycoon Andrew Tan is consolidating his property units under flagship developer Megaworld Corp

CONSOLIDATION. Real estate tycoon Andrew Tan is consolidating his property units under flagship developer Megaworld Corp. Photo by Megaworld Corporation

Ayala Land checks safety features of projects

Jun 14, 2013 - 11:21 AM

Ayala Land to renew safety checks across all properties and brands

SAFETY CHECKS. Ayala Land will conduct safety checks across the board. Photo by Aya Lowe/Rappler

Expats drive demand for high-end condominiums

Jun 05, 2013 - 7:41 PM

Luxury residential real estate will benefit from foreign expatriates who are increasingly turning from leasers to buyers

FOREIGN CONFIDENCE. Foreign expats show their confidence by investing in the PH real estate market. Photo by Aya Lowe/Rappler

Serendra blast raises safety concerns among condo buyers

Jun 04, 2013 - 7:19 PM

Future buyers are making more inquiries about the safety features of high rise buildings following the blast at Serendra Two condominium units in Bonifacio Global City

Blasts at a condominium units have potential buyers being more vigilant about safety measures. Photo by Rappler/John Javellana

Ayala stocks dip after Serendra blast

Jun 03, 2013 - 11:00 AM

2nd UPDATE The dip is not a surprise but investors are looking out for the results of the ongoing investigation

SM group eyes regional expansion

Jun 01, 2013 - 7:04 PM

The SM group wants to use their existing mixed use and integrated establishments as template for their future ventures

BIGGER TARGET. Sy-led SM Group wants to be a regional real estate powerhouse. Photo taken during the May 31 press briefing of SM Investments Corp with brothers Hans Sy (2nd from left) and Henry Jr. (3rd from left) by Lean Santos/Rappler

Belle profit soars 1,382%, thanks to Melco rental payments

Apr 24, 2013 - 2:27 PM

Belle and Melco are partners in the 1 B Belle Grande Manila casino resort in Pagcor s Entertainment City

CASINO PROJECT. This is an artist's rendition of the Belle Grande Manila Bay that will house a large casino, two L-shaped hotel towers and 4 condotel towers. Photo from 2011 Belle Corp. Annual Report

Insurance, finance firms coming to PH

Apr 04, 2013 - 5:47 PM

More multinational finance companies not just BPOs are eyeing the Philippines as a location to set up regional offices

ALL EYES ON PHILIPPINES. Finance companies are looking towards PH. Photo by Rappler/John Javellana

Filinvest Land 2012 income up 17%

Mar 21, 2013 - 3:25 PM

Robust real estate sales and rental income lifted the 2012 net income of Gotianun led real estate firm Filinvest Land

RISE IN EARNINGS. Gotianun-led Filinvest Land Inc posts a 17% increase in its net income in 2012. File photo

Foreign investments rise nearly 10% to $2-B in 2012

Mar 11, 2013 - 6:09 PM

The investments are channeled to the real estate financial and insurance electricity manufacturing wholesale and retail trade sectors

MORE INVESTMENTS. Foreigners plow 10% more money into the Philippine economy in 2012. AFP Photo

Ortigas to expand, upgrade Greenhills, Tiendesitas

Feb 19, 2013 - 4:09 PM

Ortigas Co will spend P5 8 billion to add 240 000 sqm retail space and upgrade Greenhills Shopping Center Tiendesitas Estancia and Industria malls

NEW GREENHILLS. Bargain hunters will be treated to a new and improved Greenhills Shopping center soon. Photo courtesy of Ortigas & Company