News

Century Properties invests ₱3 billion in Azure North, strengthening presence in Central Luzon

Posted on Fri, Feb 28, 2025 1:54 PM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

Century Properties Group (CPG) of the Antonio family is developing a ₱2.7 billion residential project and P215 million waterpark as part of the second phase of its Azure North Estate in San Fernando, Pampanga. In a disclosure to the Philippine Stock Exchange, the firm said it is strengthening its presence outside Metro Manila with the launch of the new mid-rise residential development. Build...

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Megaworld says 2024 earnings hit P21.67B, up 11.7%

Posted on Fri, Feb 28, 2025 1:36 PM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

LISTED PROPERTY developer Megaworld Corp. saw its attributable net income for 2024 rise by 11.7% to P21.67 billion, driven by revenue growth from the company’s residential business. “Moving forward, we will set our eyes on more innovations as well as on how we can collaborate to further innovate, but still keeping our commitment to care for our people and our communities,” Meg...

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Developer penalized for illegal lot sale

Posted on Fri, Feb 14, 2025 2:23 PM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

A PROJECT developer in Cebu is facing legal action and penalties for allegedly developing and selling lots on Olango Island, Lapu-Lapu City, without the necessary permits. The Department of Human Settlements and Urban Development (DHSUD) 7 ordered Rise 23 Properties and Development Corp. to pay a total of P450,000 in penalties for selling 75 lots in Barangay Baring, Olango Island, without the n...

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1.2M hectares of forest land up for private investment, reforestation in 2025 – DENR chief

Posted on Fri, Jan 17, 2025 10:53 AM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

  The overall goal, Environment Secretary Toni Yulo-Loyzaga says, is to reforest these lands   MANILA, Philippines – The Philippine government is set to open 1.2 million hectares of forest land for private investment and reforestation, after the Department of Environment and Natural Resources (DENR) releases data on these lands in the first quarter of 2025. “The D...

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FILRT sees 13.3% rise in new leases

Posted on Fri, Jan 17, 2025 10:44 AM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

FILRT sees 13.3% rise in new leases FILINVEST REIT CORP. (FILRT) saw a 13.3% increase in new leases for the first nine months of 2024 compared to the full year of 2023, the company said on Wednesday. The increase was led by new lease accounts and expansions of multinational companies within the Northgate Cyberzone development in Muntinlupa, FILRT said in a regulatory filing.   &ld...

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MVP Group inks 25-year Camp John Hay lease,

Posted on Tue, Jan 14, 2025 11:01 AM by DR. SAMUEL O. LAO, REB, MM-REM in Real Estate News

MVP Group inks 25-year Camp John Hay lease, BCDA’s first Forest Cabin deal affirms new vision for Baguio complex, says Bingcang   MANILA, Philippines — The Bases Conversion and Development Authority (BCDA) on Saturday said it had signed its first-ever long-term residential lease agreement in one of its properties inside Camp John Hay following their recovery of the estate...

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