Keep abreast with the current events in the property scene. We’ve chosen five stories from this week to give you a pulse of the country’s real estate industry.
This week a new casino-resort in the Entertainment City will give patrons a sneak peak of what they have to offer this weekend, Ayala Land was able to sell 85% of their inventory from their Anvaya project, and the BSP announced that foreign direct investments increased by 116% this September.
City of Dreams opens this weekend
Melco Crown Entertainment Ltd. announced yesterday that the City of Dreams Manila, a casino-resort located in Entertainment City, will give patrons a sneak peak this weekend. However, the official grand launch of the casino is slated early next year.
Business World; December 10, 2014
ALI raises 9B from Anvaya Project
Ayala Land Inc. was able to sell 85% of its inventory coming from their Anvaya Project in Morong, Bataan. The sales for the upscale leisure estate reached a total of 9 billion.
Inquirer; December 11, 2014
Ayala Land raises stakes in Trinoma after acquiring part of Ramos family’s stake
Ayala Land Inc. disclosed to the Philippine Stock Exchange that it had bought a large amount of common and preferred shares owned by Anglo Philippine Holdings Corp in North Triangle Depot Commercial Corp for P738 million. The move raised Ayala’s stake in Trinoma by 9.1%.
Interaksyon; December 11, 2014
FDI Doubles in September
The Bangko Sentral ng Pilipinas announced that FDI (foreign direct investments) increased by 116% in September. The surge is an indicative of foreign investor’s confidence in the country’s economic growth and fundamentals.
ABS-CBN; December 12, 2014
Commercial real estate scene more exciting in 2015
The country’s commercial real estate scene is predicted to be more exciting due to main players in commercial real estate planning to be more aggressive in expansion. Aside from the three largest mall operators in the country, Vistaland and Puregold have announced that they have set aside billions to expand and build more branches.
Philstar; December 12, 2014