DAVAO CITY – Mindanao’s real estate sector is experiencing significant growth, driven by infrastructure development and urban expansion, the Mindanao Development Authority (MinDA) reported Monday. MinDA Secretary Leo Tereso Magno said demand for residential and commercial properties has reached unprecedented levels amid increasing business activities in the region, particularly...
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MANILA, Philippines — Cebu Landmasters Inc. (CLI), a listed property developer focused in the Visayas and Mindanao, plans to continue its aggressive capital spending this year to support its ongoing expansion, including the company’s planned entry into the Luzon market. CLI chief finance officer Grant Cheng said the company has allocated about P15 billion for its capital expenditure...
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(Part 1) Next to food security, the most serious challenge to the present Administration in the economic realm is to provide decent housing to the lowest income groups among our more than 22 million households. I am proud of the fact that the private research group, the Center for Research and Communication (CRC), to which I have belonged since 1967, has been one of the most active in helpin...
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BPO Industry's Surge Fuels Office Space Demand in the Philippines The Business Process Outsourcing (BPO) sector continues to be a significant driver of economic growth in the Philippines, with its expansion markedly influencing the demand for office spaces across the nation. Current Trends in Office Space Demand In 2023, the Philippine office space market experienced substantial growt...
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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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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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