It's not everyday that one comes across a property for sale designed by and owned by a national artist. So it was, therefore, a surprise to learn that the ancestral house built by Pablo Antonio on 2650 Zamora street in Pasay is on the market, at a gross selling price of P350 million.
The Zobel family-led Ayala Land closed the first quarter of 2024 on a high note as net income jumped 39 percent to P6.3 billion in the first quarter of 2024, driven by robust property sales and consumer activity.
Demand for luxury real estate continued to bolster Ayala Land’s performance in the first quarter, with upscale brand Alveo recording its highest-ever sales takeup of P12.7 billion thanks to resilient demand from wealthy buyers.
Tycoon Andrew Tan’s Megaworld Corp. is boosting investments in Cebu, Pasig and Bacolod after raising P500 million from the sale of shares in subsidiary MREIT Inc.
Strong construction and real estate sales helped tycoon Edgar Saavedra’s Megawide Construction Corp. post a turnaround in 2023 amid its gradual exit from the airport business.
Tycoon Andrew Tan’s Global Estate Resorts Inc. (GERI), a subsidiary of Megaworld, reported a net income of P2.1 billion in 2023, up slightly due to a shift from higher-margin horizontal to vertical residential projects.