Robinsons Homes stated that they are planning to launch 3 new residential projects by September 2015, BCDA looking for a joint-venture for the Clark Green City project, and more
Be in tune with the latest news of the country’s real estate industry. We’ve chosen the top real estate news of the week so that you are updated with the changes of the industry.
This week the BSP reported that consumer loans went up in September of 2014 with most of the consumer loans availed for purchasing real estate. Robinsons Homes plans to launch 3 projects by September 2015. And BCDA is looking for a joint venture for Clark Green City.
Consumer loans up in September 2014
The BSP reported a significant rise in consumer loans in September 2014. Most of these loans are for purchasing real estate and cars. BSP cites lower interest rates as the reason for the increase.
Inquirer; February 18, 2015
Robinsons Homes planning to launch 3 projects this year
The horizontal development unit of Robinsons Land Corp., Robinsons Homes, is eyeing the launch of three residential projects by September 2015. These residential projects will rise in Bacolod, Puerto Princesa, and Lipa. They expect to generate sales of between P1 billion and P1.5 billion.
ABS-CBN; February 17, 2015
8990 Holdings putting up a telco unit
8990 Holdings disclosed that they are planning to start up their own vable and internet services firm. The company plans to raise as much as P9 billion from its maiden public offering of Fixed Corporate Bonds.
Manila Bulletin; February 19, 2015
BCDA to form joint venture company for Clark Green City
Bases Conversion and Development Authority stated that they are looking for a joint-venture (JV) partner to help develop a part of Clark Green City. The BCDA said the development of the first parcel of the Clark Green City will be under a joint-venture corporation, with a 45% stake. The first parcel takes up 254-hectares of the 9450 hectare land.
Business World; February 19, 2015
PhilRealty sells P202-M land in La Union
Philippine Realty and Holdings Corp. stated that it has sold four parcels of land in La Union totaling P202-M to Humboltbay Holdings Inc. In a disclosure to the stock exchange, they stated that the proceeds of the sale will go to increasing the liquidity of the company. Two parcels of land are located in Barrio Carlatan, San Juan, while the other two are located in Barrio Ili Norte, San Juan.
ABS-CBN; February 18, 2015