Moreover, Diokno said the revival of tourism in the country will also propel the real estate industry’s growth as travel restrictions become less stringent. Real estate has been a significant player in the Philippine economy, however, commercial spaces, home rentals, and sales took a downturn during the pandemic. “Our economic prospects are promising,” Diokno said at the re...
Read more
Energy Secretary Raphael Lotilla welcomed the Department of Justice (DOJ) opinion that relaxes foreign ownership restrictions in renewable energy sector. DOJ has opined that exploration, development, and utilization of inexhaustible RE sources are not subject to the 60:40 foreign equity limitation as provided under Section 2, Article XII of the Constitution. The DOJ also noted that the &ldqu...
Read more
DAVAO City-based Alsons Development and Investment Corp. (Alsons Dev) expressed interest in investing in Cebu’s bustling property market. This was announced by Jolla Amparo Soriaga, assistant general manager for business units group, during the launch of the company’s Poblacion Market Central in Davao City. “We are open to possibilities of expanding in Cebu or in the Visaya...
Read more
For the first time since the March 2020 lockdowns, property giant SM Prime Holdings resumed charging full rental fees across its local shopping mall chain in the second quarter, clearing the road toward earnings recovery after paying the hefty price of moratorium and discounts that kept tenants afloat. With the relaxation of quarantine protocols now bringing back the usual crowd to sh...
Read more
We can only dream about solving our housing crisis the way Singapore did. Already very much a First World Country in the 2020s, Singapore’s public housing is located in new towns, in communities that are intended to be self-contained, with services near housing blocks and with housing either owned by or rented to residents. Owner-occupied public housing is sold on a 99-year lease and can be...
Read more
CEBU CITY – Seeing post-pandemic full business potentials, a Cebu-based real estate developer is looking to deepen its investments in the Visayas and Mindanao to support the continued economic recovery in these regions. Jose Soberano III, Cebu Landmasters Inc. (CLI) chairman and chief executive officer, on Tuesday said during the company's annual stockholders meeting that t...
Read more
