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It's 'a great time for PH property market' – NEDA chief

Real Estate News November 30, 2015

It's 'a great time for PH property market' – NEDA chief
NEDA chief Arsenio Balisacan believes that the country's economic gains have been a boon to the property sector. "The shape of real estate industry in the Philippines has changed dramatically over the years. In particular, the property market has grown …
Read more on CNN

Citizen Jane

Real Estate News November 29, 2015

Citizen Jane
This Sunday, we tackle three questions to ABC that are based on real life scenarios, all solvable by understanding the issue of citizenship. One Jane … Mr. Foreigner purchased a valuable beachfront property at a very popular Philippine tourist …
Read more on Philippine Star

Robinsons Land allots up to P17-billion capex

Real Estate News November 28, 2015

Robinsons Land allots up to P17-billion capex
Robinsons Land is part of JG Summit Holdings, Inc., which has interests in Universal Robina Corp., JG Summit Petrochemical Corp., CP Air Holdings, Inc., and Robinsons Bank Corp. The conglomerate also holds stakes in Philippine Long Distance Telephone …
Read more on BusinessWorld Online Edition

Luxury brands are branching out into real estate by collaborating on exclusive

Real Estate News November 27, 2015

Luxury brands are branching out into real estate by collaborating on exclusive
Armani is working on Century Spire in the Philippines, set to be completed in 2018. The brand also recently announced a partnership with Smart Hero Group for a real estate project in Beijing. Armani will design the residential units, common areas and …
Read more on South China Morning Post (subscription)

7 things I love about living in Mount Druitt

Real Estate News November 26, 2015

7 things I love about living in Mount Druitt
In the real estate boom of the past three years homes within the Blacktown LGA, which covers Mount Druitt, have sold for $ 1 million. A $ 68 million apartment … Ancestry in the area includes the Philippines, Iraq, Pakistan, India, Fiji and many others …
Read more on Domain News

Ayala Group nets P17.7 B in 9 months

Real Estate News November 24, 2015

Ayala Group nets P17.7 B in 9 months

MANILA, Philippines – Ayala Corp., the country’s oldest conglomerate, reported a 26 percent jump in its nine-month income, boosted by sustained growth of its telecommunications, real estate and banking units as well as one-time capital gains booked in the third quarter.

Net earnings reached P17.7 billion in the January to September period, just 13 percent shy of Ayala’s P20-billion income target for 2016.

In the third quarter alone, Ayala posted a net income of P7.3 billion, up 72 percent year-on-year.

Excluding the capital gains from the partial sale of AC Energy’s stake in North Luzon Renewable Energy Corp. and the divestment of Stream Global Services in the previous year, Ayala’s profit from January to September went up 23 percent.

Ayala president and COO Fernando Zobel de Ayala said the conglomerate remains optimistic about its growth given a rosy domestic economy.

“Our growth trajectory remains strong as we continue to be optimistic about the overall domestic environment,” he said.

Business ( Article MRec ), pagematch: 1, sectionmatch: 1
Property unit Ayala Land Inc. posted a net income of P12.8 billion, 19 percent higher than the previous year as revenues rose 10 percent to P70.2 billion.

Ayala Land launched various residential, office for sale and leasing projects amounting to P97.9 billion during the nine-month period.

Its banking arm, Bank of the Philippine Islands, meanwhile, reported a net income of P13.8 billion, up eight percent from the year earlier. Revenues grew nine percent to P44.1 billion, driven by net interest income and non-interest income, which expanded by P3 billion and P683 million, respectively.

Globe Telecom posted a net income of P14.1 billion, up 34 percent year-on-year with its mobile and broadband subscribers growing to P50.1 million and nearly four million, respectively.

Net earnings of Manila Water were flat at P4.6 billion. For the third quarter alone, however, the company’s profit expanded by 13 percent year-on-year to P1.6 billion on continued growth of the East Zone concession and higher contribution of its other businesses.

Manila Water continues to expand its presence outside Metro Manila, recently signing an agreement to operate the water supply system in Cu Chi District in Vietnam. It also entered into an agreement for a demonstration project to reduce non-revenue water in Bandung City, Indonesia.

Integrated Micro-Electronics Inc., on the other hand, grew its net income by five percent to $22 million on the back of operational efficiency improvements combined with the expansion of its automotive programs.

AC Energy Holdings, meanwhile, registered a net income of 1.6 billion as its power generation assets achieved more efficient operating levels and realized a gain from the partial sale of its stake in North Luzon Renewable Energy Corp., an 81-megawatt wind farm in Ilocos Norte.

In transport infrastructure, AC Infrastructure continued to move forward with its public-private partnership projects. Its automated fare collection systems project under AF Payments Inc. recently completed the roll out of its Beep cards on LRT lines 1 and 2 and MRT 3 with the take-up hitting past the one million mark.

Read more on Philippine Star

Comprehensive tax reform may cover REIT industry revival

Real Estate News November 23, 2015

Comprehensive tax reform may cover REIT industry revival
The Aquino government had imposed stringent REIT rules to limit revenue losses caused by laws that grant generous tax perks. The REIT Act lapsed into law in December 2009 with none of the major property developers coming forward with their prospective …
Read more on BusinessWorld Online Edition

PH real estate industry bullish on ASEAN 2015

Real Estate News November 22, 2015

PH real estate industry bullish on ASEAN 2015
The (ASEAN economic integration in 2015) would require more commercial and residential infrastructure for highly urbanized cities within the region including key cities of the Philippines, according to property developers. Rick Santos, chairman of CBRE …
Read more on Manila Standard Today

Century Properties wagers big on tourism surge

Real Estate News November 21, 2015

Century Properties wagers big on tourism surge
CPG chair and founder Jose Antonio told reporters during the Asia Pacific Real Estate Association Summit last week that the Philippines was already riding on the back of a “fantastic” 66 quarters of continued economic growth spurred by domestic demand.
Read more on Inquirer.net

Lafarge shareholders ok name change

Real Estate News November 20, 2015

Lafarge shareholders ok name change
MANILA, Philippines – Shareholders of Lafarge Republic Inc. Friday approved the change in name of the company to Republic Cement and Building Materials Inc. The company called a special stockholders' meeting Friday to approve the new name as well …
Read more on Philippine Star

NSW power sale: Philippines utility expels Chinese experts

Real Estate News November 19, 2015

NSW power sale: Philippines utility expels Chinese experts
Insurance · Infrastructure · Health · Construction · Tourism · Manufacturing · Agriculture · Environmental Services · Sport · Gambling · Markets More. Equity Markets · Debt Markets · Currencies · Commodities · Derivatives · Market Data · Street Talk …
Read more on The Australian Financial Review

Novotel Suites to rise in Manila

Real Estate News November 18, 2015

Novotel Suites to rise in Manila
MANILA, Philippines – Following the success of its first five residential towers at Acqua Private Residences, Century Properties further pushes the envelope in the local real estate scene by introducing a unique development for its sixth tower within …
Read more on Philippine Star

Trump hits Carson over stabbing story, talks about hosting 'SNL'

Real Estate News November 17, 2015

Trump hits Carson over stabbing story, talks about hosting 'SNL'
Washington (CNN) — Donald Trump said Sunday (Monday, November 9 PHT) that he remains alarmed by Ben Carson's claims of having a violent temper as a youth, but the real estate mogul said he doesn't know if his Republican presidential rival has been …
Read more on CNN

Why Makati remains a prime real estate spot

Real Estate News November 16, 2015

Why Makati remains a prime real estate spot
MANILA, Philippines – For real estate investors, the appeal of Makati's Central Business District needs no explanation. “It's the address if you want to establish yourself,” says Jan Custodio, Head of CBRE Philippines' Global Research & Consultancy Group.
Read more on Rappler

Banks tighten standards for real estate loans

Real Estate News November 14, 2015

Banks tighten standards for real estate loans
MANILA, Philippines – Banks further tightened their lending standards for commercial real estate loans in the second quarter, a year after the Bangko Sentral ng Pilipinas (BSP) introduced stricter rules on bank's real estate exposure. Results of the …
Read more on Philippine Star

Anya Resort and Residences seen as best option for upscale living

Real Estate News November 13, 2015

Anya Resort and Residences seen as best option for upscale living
Real estate developments remain a preferred investment option among Filipinos, reflecting the sustained vitality of the Philippine economy, and the stronger purchasing power among consumers. Residential projects located in leisure destinations outside …
Read more on Inquirer.net

Consumer loans up 19% in June

Real Estate News November 12, 2015

Consumer loans up 19% in June
MANILA, Philippines – Consumer loans extended by Philippine banks jumped 19.3 percent in the first six months on the back of the strong demand for auto and real estate loans, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Data released by …
Read more on Philippine Star

Discover a World-Class Destination Through a World-Class Brand

Real Estate News November 11, 2015

Discover a World-Class Destination Through a World-Class Brand
International travelers and investors alike are beginning to discover Boracay Island in the Philippines, an idyllic jewel of an island with white powder beaches and gorgeous scenery that is home to the world's best wind and kite-surfing. … renovation …
Read more on Property Wire

JA Solar finalises 92.5-MW module delivery for Philippine project

Real Estate News November 10, 2015

JA Solar finalises 92.5-MW module delivery for Philippine project
It was reported in June that local real estate firm Gregorio Araneta Inc was initiating construction of a 100-MW solar farm in Cadiz City. "The module shipments for the solar project in Cadiz City mark JA Solar's first entry into the Philippine market …
Read more on SeeNews Renewables

First Gen, Lopez Group rebuilding more schools

Real Estate News November 9, 2015

First Gen, Lopez Group rebuilding more schools
Rockwell Land is acknowledged as the country's foremost developer of luxurious real estate projects. First Balfour is the Lopez Group company … FPH subsidiary First Philippine Industrial Park Inc., owner of the premiere 457-hectare industrial estate …
Read more on The Standard (press release)

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