BCDA announced that it is seeking bidders for 7 properties in Metro Manila, Lopez Group won the bid for the Philtown Industrial Park in Batangas and more
Stay up to date with the changes of the real estate sector. Here are five stories gathered from this week and during the long weekend that will give you the low down of developments in the industry up to.
This week, the Bases Conversion and Development Authority announced that they will have 7 properties up for bidding, while the Lopez Group's First Philippine Holdings Corp. won the bidding for the Philtown Industrial Park in Tanuan, Batangas. The BSP also said that they will be releasing their real estate price index by Q3 of 2015.
BCDA will be selling 7 properties
The BCDA (Bases Conversion and Development Authority) announced that they will be selling seven properties in Metro Manila. They are currently seeking for bidders who are interested bidding for the sale of the properties on an “as-is, where-is” basis. The seven properties have an estimated total value of P115.4m.
Philstar; January 17, 2015
BSP to release residential real estate price index by Q3
The residential real estate price index promised by the Bangko Sentral ng Pilipinas may be released before the third quarter of 2015. According to BSP Deputy Governnor Diwa C. Guinigundo, the central bank is collating data for the property index from the first quarter, and it will be used to indicate residential prices in the country.
Philstar; January 19, 2015
Lopez Group wins the bid for 46 hectare lot in Batangas
Lopez Group’s First Philippine Holdings Corp. announced that it won the bidding for the Philtown Industrial Park in Tanauan, Batangas. The corporation won the land as well as the improvements in the private bidding.
Manila Standard Today; January 19, 2015
IMF upgrades forecast for Philippines
The Philippines 2015 and 2016 growth projections from the IMF (International Monetary Fund) were raised. IMF Resident Representative Shanaka Jayanath Peiris said that the IMF raised their 2015 and growth forecasts for the country to 6.6 and 6.4 percent, respectively. Earlier, the IMF projected the country’s growth at 6.3 percent for 2015 and 6.2 percent for 2016.
ABS-CBN; January 20, 2015
8990 Holdings to fund P1B Gen-San Project
8990 Holdings will be raising P1.1B to finance its housing project in General Santos. The housing project will target thousands of PAG-IBIG Fund members in Mindanao. DecaHomes, the name of the housing project, is expected to have 1,271 house and lots ranging from 80 square meters to 150 square meters.
Rappler; January 20, 2015