MANILA, Philippines — Housing loan collectibles of the Social Security System (SSS) have reached P6.8 billion with the state-run pension fund now transitioning to a real-time processing of loans for members’ convenience. As of end-December 2023, SSS said it has 3,744 mortgagors with home loan collectibles worth P6.83 billion. As such, SSS is implementing the mandatory use of paym...
Read more
KMC Savills, the country’s leading real estate brokerage and consultancy firm, takes a panoramic look at the state of Philippine real estate as they presented the latest data and outlook on the country’s property market for 2024. The presentation was led by KMC Savills’ Research and Consultancy together with their newly-appointed CEO Joe Curran and COO Cha Carbonell. &nb...
Read more
AFTER the Tax Reform for Acceleration and Inclusion (TRAIN) Law and Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act comes Real Property Valuation and Assessment Reform Act (RPVARA) which forms “Package 3” of the Department of Finance’s (DoF) “Comprehensive Tax Reform Program,” (CTRP). The measure has been approved by both chambers of Congress and is...
Read more
An optimistic year for PH real estate market — report KMC Savills’ bullish outlook for 2024 BY ANGELO SANCHEZ An optimistic outlook is forecasted for the Philippine real estate market in 2024, according to a report by KMC Savills, the country's leading real estate brokerage and consultancy firm. Supported by the Bangko Sentral ng Pilipinas (BSP) report in...
Read more
This week, Colliers Research provides insight on Accor partnering with Tytans Properties, Damosa Land's expansion projects, Cebu Landmasters targeting Luzon for development, More airport and road projects on this current administration, and DTI eyeing more Japanese manufacturers. Hotel manager Accor to bring largest Pullman property to Cebu SUMMARY Global hotel chain...
Read more
Aboitiz InfraCapital Economic Estates has signed contracts with two logistics companies Prestige Warehousing and Logistics (PWL) and JBY Equipment & Impex Logistics Inc. which will invest in West Cebu Estate in Balamban, Cebu. The industrial inventory release at West Cebu Estate has triggered a surge in investor interest, underlining the scarcity of available inventory in the ma...
Read more
