BSP introduces price index for Q1 2015, PSE to reopen REIT talks and more
Keep in touch with the latest news of the country’s real estate industry. My Property has handpicked the top news of the week so you can be aware and stay updated with the changes of the industry.
This week, the BSP (Bangko Sentral ng Pilipinas) announced a price monitoring index to guide developers for the first quarter of 2015, while the PSE (Philippine Stock Exchange) wants to reopen talks on the REIT (Real Estate Investment Trust) framework. Ayala Land ventures entering Myanmar’s property market, and property analysts see residential development opportunities outside CBDs (central business districts).
Lopez holdings up 33% in 9 months
Lopez Holdings reported that their net income rose to P3.15 billion, a 33 percent increase in the first nine months of 2014 from the P2.366 billion gained a year ago within the same time period. Lopez Holdings attributed the performance of First Philippine Holdings Corporation (FPH) and its associates to the increase.
ABS-CBN; November 17, 2014
BSP introducing price index in Q1 of 2015
Bangko Sentral ng Pilipinas will be rolling out the first ever in-house price monitoring index for properties to avoid and detect property bubbles in the real estate industry.
Inquirer; November 17, 2014
Ayala enters Myanmar property market
Top real estate company Ayala Land, announced that it will enter the booming Myanmar property market. They have partnered with leading Myanmar retailer, City Mart Holdings, for their Southeast Asian expansion.
Asia One Business; November 20, 2014
Property analysts see land opportunities outside CBDs
Property experts CBRE and KMC Mag Group see demand for properties in CBDs shifting to the fringes of the districts or outside Metro Manila. Jose Carmelo Porciuncula, head of investments at KMC MAG Group, Inc., says that “redevelopments” are now common on the outskirts of CBDs.
Business World; November 20, 2014
Philippine Stock Exchange planning to reopen REIT talks
The PSE (Philippine Stock Exhcange) wants to reopen talks on the REIT (Real Estate Investment Trust) to accumulate funds for more projects. The framework was shunned by property developers three years ago for its stringent measures.
Inquirer; November 21, 2014