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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When co-owners cannot agree on the sale of their property

Posted on Thu, Feb 20, 2025 1:23 PM by DR. SAMUEL O. LAO, REB, MM-REM in Tips and Advice

In such situations, the law provides various remedies to ensure that one or more parties can exit the arrangement fairly or that the property can be sold, even if the co-owners are at an impasse. Alteration If the disagreement between co-owners is about whether or not to make alterations to the property, the Civil Code provides that none of the co-owners shall, without the consent of the oth...

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Quarry suspension ‘threatens’ 3,000 jobs

Posted on Thu, Feb 20, 2025 10:01 AM by DR. SAMUEL O. LAO, REB, MM-REM in Business News

Cebu Gov. Gwendolyn Garcia has issued two executive orders against Apo Land and Quarry Corp. (ALQC) in the City of Naga and Solid Earth Development Corp. (SEDC) in San Fernando town, ordering both companies to stop their quarrying operations starting at 12:01 a.m. Tuesday, Feb. 18, 2025, for 30 days. The cease-and-desist order for ALQC was the third issued against the company, while the order agai...

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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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Mandaue adopts AI traffic system to ease congestion

Posted on Fri, Feb 14, 2025 2:06 PM by DR. SAMUEL O. LAO, REB, MM-REM in Business News

MANDAUE City is enhancing its traffic management system by integrating artificial intelligence across all 14 intersections, a move aimed at transforming the city into a “smart city.” The primary reason for this upgrade is to improve the overall traffic flow, reduce congestion, and create a more efficient transportation system that can handle the growing demands of urban mobility, sa...

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