Megaworld tempers pandemic impact with stronger, stable office business

Megaworld Premier Offices bags 135,000 sqm of new leases mostly during the lockdown in 2020 MANILA – Andrew Tan-led property giant Megaworld closed deals for new office leases last year, even as the three quarters of the year were marred by community lockdowns across the country. Around 135,000 square meters of fresh office space inventory…

Cebu Landmasters Inc. reports resilient FY2020 results, closely matching 2019 figures

Leading VisMin developer Cebu Landmasters Inc. (CLI) reported P8.30 billion in consolidated revenues in 2020, closely matching 2019’s Php 8.50 billion resulting from “the immediate deployment of catch-up measures shortly after the relaxation of lockdowns triggered by the pandemic in the first half of 2020,” said CLI chairman and CEO Jose Soberano III.

Newest condo of Cebu Landmasters 60% sold in just 3 weeks

Leading Visayas-Mindanao developer Cebu Landmasters, through joint venture firm Cebu Homegrown Developers, Inc., launched its latest condominium project with premium amenities in Mandaue City. It is aimed at meeting the housing needs of a surging segment of upwardly mobile professionals and entrepreneurs in the region.

South Coast City: SM-Ayala Consortium development in progress

Ayala Land is introducing a prime commercial development called District Square, located within the scenic seaside South Coast City in South Road Properties (SRP), Cebu City. The waterside commercial area is designed to attract and spur new business investments in the province and will have infrastructure and amenities that support the creation of a vibrant…

DHSUD 7 to move to AD Gothong IT building

The Department of Human Settlement and Urban Development Regional Office 7, known formerly as the Housing and Land Regulatory Board – HLURB Regional Office VII, will be moving to a new office address at the 6th floor of ADG IT Center, Subangdaku, Mandaue City.

Belize North construction in full swing amid pandemic

Even with the ongoing health crisis, the construction of Priland Development Corporation’s residential community Belize North is in full swing to meet its scheduled date of completion in 2021. The local real estate developer said that they are committed to delivering their projects on time despite the setbacks brought upon by the lockdown.

SCG and MARIWASA launch STRUKTURA, call on architecture students to design sustainable homes for Filipinos

STRUKTURA pushes for “Affordable Housing for a Better Normal” SCG, a leading conglomerate in the ASEAN specializing in world-class construction materials, and MARIWASA, a pioneer in the Philippine ceramic tile industry, invite future architects to design future-ready homes through a home-design competition, STRUKTURA. The newly launched contest aims to showcase the skills and creativity of…

Priland tops off Northwoods Place in Mandaue City

Homegrown developer Priland Development Corporation topped off its first residential condominium, Northwoods Place, over a year since it started construction in August 2019. “Priland stays true to its word in delivering quality projects as scheduled. The pandemic has been hard on everyone, but we exerted all our efforts to be able to top off Northwoods…

Soltana Nature Residences ushers in Comforts of Christmas

To highlight the hope for good health and a better year ahead and showcase a premium development, Taft Properties ushered in its Comforts of Christmas campaign with a tree lighting ceremony capped with fireworks and a preview of Tower Two at Soltana Nature Residences in the island of Mactan. “What better place to light a…

Megaworld’s rental income recovers in Q3, up 13% QoQ

Company remains optimistic of ‘better days ahead’ as government intensifies efforts to revive the economy Property giant Megaworld’s rental income grew 13% to P3.4-billion during the third quarter from P3-billion in the previous quarter as quarantine restrictions have been eased. The company’s office rental business, under the Megaworld Premier Offices brand, continued its growth momentum…

Taft Properties launches P10 billion development in Cebu

Real estate company Taft Property Venture Development Corp. announced today, Wednesday, that it is undertaking a high-rise development at a prime location in Cebu City. Named Taft East Gate, the mixed-use residential community will feature four high-rise condominium towers with the added benefits of dining and retail outlets, said project development head Lydwena Eco. It…

Taft Properties highlights Comforts of Christmas in its premium homes

Taft Properties highlighted the comforts of hearth and home when it lighted up a set of Christmas trees on Friday, October 23, in anticipation of a joyful and hopeful season in spite of a global crisis. Since the times call for keeping social circles small and staying put, Taft believes in the value of purposeful…

Megaworld grows office business even during pandemic

Office rental income growth of 10% helped cushion pandemic impact even as H1 profits registered 34% drop Megaworld, the country’s leading developer of integrated urban townships, posted a 34% drop in its net income during the first half of the year, from P8.9-billion to P5.9-billion. Consolidated revenues for the first six months declined by 25%…

Megaworld’s reservation sales hit P38B in first half of 2020

Megaworld, the country’s largest developer of integrated urban townships, has booked P38-billion in reservation sales for various residential projects during the first half of the year. For the entire second quarter, the Megaworld Group generated P17 billion in reservation sales, at a time when most parts of the country were placed under “enhanced community quarantine.”…

Megaworld launches 5th residential development in Cebu

20-storey The Pearl Global Residences to add 222 residential units in the 30-hectare The Mactan Newtown Property giant Megaworld is launching its fifth residential development inside the 30-hectare The Mactan Newtown in Lapu-Lapu City, Cebu. The 20-storey The Pearl Global Residences will add 222 units in the existing 1,836 residential unit inventory in the township.…

Mandani Bay Quay launches 3rd residential tower

To keep up with the emergence of more discerning buyers, Mandani Bay Quay launched the third and last residential tower in the second phase of the waterfront development with its first ever fully-furnished units. It will not just be throwing in furniture and appliances together though as the interior will be styled by world-renowned designer…

Savoy Hotel Mactan Newtown opens

With its 547 guest rooms, Savoy Hotel Mactan Newtown is the biggest hotel in terms of number of rooms in Mactan Island and the 2nd biggest in the entire Cebu. The 18-storey hotel officially opened today. The hotel targets mostly business travelers and family vacationers because of its proximity to the beach and resorts around…

Megaworld to open 3rd Savoy Hotel in Mactan

The company’s first hotel development in Cebu offers 547 rooms and suites, with close accessibility to Mactan Newtown Beach and future ‘beach mall’ Township developer Megaworld is opening its first hotel development inside its 30-hectare The Mactan Newtown in Lapu-Lapu City, Cebu next month. The 18-storey Savoy Hotel Mactan will offer 547 guestrooms and suites,…