Business Features - Real Estate ( Leaderboard Top ), pagematch: 1, sectionmatch:

Top Real Estate News

Property giant Ayala Land Inc. is transforming its mixed-use estate in Porac, Pampanga as the next growth center in Central Luzon as it expands its scope to accommodate more multinational partners.

One sector reaping the benefits of a booming real estate industry in the Philippines is the beddings and towels business.

Ayala Land Premier, the luxury development arm of the local property giant, is targeting P4.5 billion in sales this year for Arbor Lanes,  its newest mid-rise condo  shaping up as its biggest selling project to date.

Latest Real Estate News

Megaworld Corp., the listed property developer of tycoon Andrew Tan, has moved into its new corporate headquarters - the 30-story Alliance Global Tower  located at the corner of 36th St. and 11th Ave. within the company’s 15.4-hectare Uptown Bonifacio township.

While stakeholders in the country’s property sector are committed to do their part in quelling the growing backlog in housing, several hurdles, particularly on the regulation side, continue to pose a challenge to developers.

Avida Land, one of the leading mid-market real estate developers in the country, recently welcomed new homeowners of Tower 1 of Avida Towers Altura, the latest addition to the vibrant South Park District in Alabang, Muntinlupa.

At the bustling and iconic district of Cubao, known as the belly of Quezon City, people can get to almost anywhere in the country as all modes of transportation converge  in its nooks and crannies — provincial buses, jeepneys, the Light Rail Transit, the Metro Rail Transit, and passenger vans to Bulacan, Rizal and other adjoining provinces.

As the traffic woes in Metro Manila persist, developers continue to explore various opportunities in the residential market to be able to offer the market better qualities of life.

Megaworld Corp. is expanding its footprint in the south with the opening of a new mall in the 561-hectare Southwoods City in the boundaries of Biñan, Laguna and Carmona, Cavite in October.

Employment in Metro Manila grew marginally in the first quarter as more workers were absorbed in the industry sector, the Philippine Statistics Authority (PSA) said.

While major property firms are expanding their footprints outside Metro Manila, one provincial developer is doing the opposite as it seeks more opportunities in the highly-competitive Makati office market.

Millennium Pan-Asia Hotel and Resort Inc. obtained a provisional license from the Philippine Amusement and Gaming Corporation to develop a $300-million integrated resort and casino in Mandaue, Cebu.

As with other buildings designed by world-renowned architectural firm Skidmore Owings and Merrill, the 32-story The Curve in Bonifacio Global City is highly likely to become an architectural landmark and prestigious office address upon completion in October this year.