Ayala Land will be taking part in Pagcor's Entertainment City in Paranaque, Megaworld to build CBDs in Mindanao and Luzon over the next few years
Stay updated with the latest news in the country’s real estate industry. MyProperty.ph has handpicked five stories of the week to get you up to speed on the latest in the property market.
This week Megaworld has announced plans to expand in Central and Southern Luzon as well as Mindanao. Century Properties will be putting up a P20 billion resort in Palawan, and Ayala Land will be building a large mall complex in Paranaque.
Megaworld firm eyes Luzon and Mindanao
Megaworld Corp. will be expanding in growth centers in Central and Southern Luzon as well as in Mindanao over the next few years. Tan’s company will be focusing on building new central business districts on mactan Island in Cebu, Davao City, Iloilo City and Bacolod City.
Inquirer; April 21, 2015
Century to put up P20 billion resort in Palawan
Century Properties Group Inc. is reported to invest P20 billion in building a resort destination in Palawan. The move is part of Century Properties’ steps to getting into the tourism market in the Philippines. The company recently acquired a 56-hectare beachfront property in San Vicente, Palawan.
Inquirer; April 22, 2015
Housing developer 8990 taps Walter Mart for commercial operations
Waltermart Group of Companies will be working with Housing developer 8990 as the mall operator for two of 8990’s mixed-used developments in Metro Manila. The announcement was made in a statement to the stock exchange on Thursday, April 23. Waltermart will be operating in 8990’s property in its Ortigas Avenue Extension and Vitas, Tondo properties.
Rappler; April 23, 2015
Ayala Land to build the largest mall in Paranaque
Ayala Land, will be building a huge mall complex, BPO center, and a hotel within a nine-hectare property in Pagcor’s Entertainment City in Paranaque. The complex is expected to be finished in 2018 and will cost P12 billion.
ABS-CBN; April 21, 2015
BCDA bucks SC decision on Boni Property
The Bases Conversion and Development Authority (BCDA) said in a statement that the decision of the Supreme Court to subject the 33.1-hectare Bonifacio South Pointe in Taguig City to a Swiss challenge will disregard national security and threaten the playing field for business. BCDA believes that the move can also threaten the welfare and safety of the country’s soldiers.
Inquirer; April 24, 2015