Century Properties Group Inc. has raised P3 billion to fund its next growth phase, giving the property developer fresh capital to acquire land and accelerate housing projects as it bets on sustained housing demand.
Ayala Land is stepping up investment in its Lio Estate in El Nido as it positions the project to capture growing demand for longer stays, second homes and lifestyle-driven travel.
Ayala Land has transferred 63 hectares of land to beneficiaries on Sicogon Island, delivering on a key commitment under a settlement reached after years of disputes over the tourism estate’s development.
The move comes as Megaworld president and chief executive Kevin Tan continues to assemble a formidable bench of industry veterans as the company expands its footprint across retail, hospitality and township developments. The recruitment drive has been difficult for rivals to ignore.
SM Prime Holdings has entered China’s hospitality sector, partnering with InterContinental Hotels Group to open its first hotel in the country as it broadens its mainland business beyond shopping malls.
Philippine real estate giant SM Prime Holdings is channeling future growth and investments in China to Fujian province, signaling a more focused strategy in a market where many have turned cautious.
The Lopez family’s Rockwell Land Corp. is turning to world-renowned architect Carlos Ott as it prepares a sweeping overhaul of Alabang Town Center, signaling that its biggest acquisition yet is becoming a key pillar of the developer’s long-term growth strategy.
Ayala Land shares have sunk back to levels last seen in 2011, wiping out almost 15 years of gains as elevated interest rates and weak housing demand pressure the property giant.