Real estate specialist Colliers International says hotels are already being hard hit by the coronavirus global health scare. It believes the rest of the real estate sector may not be too far behind. Warren de Guzman reports. Source: ABS-CBN News
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The country’s largest office developer is adding 78,000 square meters of office spaces in Iloilo Business Park with two new office towers Megaworld, the country’s largest developer and lessor of office spaces, is ramping up its office inventory inside the 72-hectare Iloilo Business Park in Mandurriao, Iloilo City. The company is launching two new office towers –&n...
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Vista Land & Lifescapes, Inc. (VLL), the largest homebuilder in the Philippines, and Japanese real estate developer Mitsubishi Estate Co., Ltd (MEC)have partnered up to develop a mixed-use, high-rise condominium along Taft Avenue, Manila. In a statement, Vista Land said the partnership is being formed through a 60-40 joint venture company between VLL’s vertical development arm Vista R...
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MANILA, Philippines — By all indications, urban living is the way the future will unfold for the human race, according to Jose Mari Banzon, SM Development Corp. executive vice president. According to the United Nations, Banzon said, as much as 70 percent of the world would be living in urban centers by 2050. The Philippines seems to be on track with the trend, as more than 50 percent of F...
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The Mactan Newtown in Lapu-Lapu City, Cebu. The 20-storey The Pearl Global Residences will add 222 units in the existing 1,836 residential unit inventory in the township. It will be the 11th residential condominium tower to rise inside The Mactan Newtown, which boasts of its own beachfront. The new residential tower offers a generous mix of unit choices: executi...
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ABOUT AYALA LAND, INC. Ayala Land is the Philippines’ leading developer of sustainable estates, offering a diverse mix of properties such as residential, retail, office, hotels, and leisure developments, that support local economic growth and nation-building. The company was established in 1988 as the real estate arm of Ayala Corporation, a pioneer conglomerate and builder of the count...
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