MANILA -- Lance Gokongwei is stepping down as president and chief executive officer (CEO) of Robinsons Land Corporation (RLC) from February 1, the company said Monday. In a statement, the firm said Gokongwei will remain as its executive chairman and provide strategic guidance to the company. "Under his stewardship, RLC solidified its position as a leading player in the real estate...
Read more
MANILA — A property specialist on Monday urged Filipinos to take advantage of falling condominium rent prices this 2025 amid an oversupply crisis in Metro Manila. In an interview with ABS-CBN News, Leechiu Property Consultants (LPC) CEO David Leechiu said rental rates for mid-market condo units have already dropped to their lowest in about 15 years. He expects this downward trend to co...
Read more
2025 real estate outlook: What to watch for THE past twelve months have produced mixed results for the Philippine property. Office vacancies remain elevated while a sizable condominium inventory has yet to be absorbed by the Metro Manila market. Meanwhile, the retail sector has been recording sustained mall space take-up despite new supply while rebounding consumer spending has also bee...
Read more
By Beatriz Marie D. Cruz, Reporter VERTICAL HOUSING helps ensure more affordable housing options for the urban poor, while offsetting high land costs, according to urban planners. “From a larger urban perspective, vertical housing makes the provision of urban services more cost-effective,” Joel L. Luna, principal at Joel Luna Planning and Design, said in an e-mail. &nb...
Read more
ABOITIZ InfraCapital, Inc. plans to break ground next year on a new commercial complex within its 540-hectare mixed-use development West Cebu Estate (WCE) in Balamban, Cebu, the company said. “These amenities are designed to enhance the quality of life for the estate’s workforce and residents, fostering a supportive, well-rounded environment that will make WCE an...
Read more
CEBU, Philippines — Singaporean-led developer Syntech Properties Inc. (Syntech) remains optimistic about Cebu’s residential real estate market, despite increasing competition driven by new players entering the scene. Syntech, a pioneer in introducing condominium living to Cebu through its landmark Citylights Gardens Condominiums in Lahug close to 30 years ago, has unveiled the secon...
Read more
