Tycoon Edgar Saavedra’s Megawide Construction Corp. has topped off its P3.9-billion My Enso Lofts residential tower in Quezon City, marking a major construction milestone for its property arm PH1 World Developers.
Filipinos may be tightening their belts, but the country’s biggest mall developers are betting P184 billion that shoppers will keep coming, even if it means trading movie screens for pickleball courts.
The first glimpse into the finances of tycoon Manuel Villar Jr.’s property empire has revealed a steep earnings slump, even as its biggest property developer doubles down on its core housing business.
A night at a luxury hotel in Bonifacio Global City can cost more than P17,000, but that hasn't stopped the business district from topping Metro Manila residents' staycation wish list, according to Colliers Philippines.
Metro Manila is struggling with a glut of unsold condominiums, but buyers haven't lost their appetite for city living. The challenge for developers is making those homes affordable enough to sell.
Tycoon Edgar Saavedra’s Megawide Construction Corp. is putting more capital behind government housing as the expanding 4PH program creates a new growth lane for the builder.
AREIT Inc. is set to grow into a P177-billion property giant spanning offices, malls and hotels after shareholders approved a P17.3-billion infusion of six Ayala Land Inc. assets.
The Securities and Exchange Commission's approval clears the way for MREIT to finalize the acquisition, which will raise its assets under management to about P122 billion. Together with the P16.2-billion Wave 4 transaction completed earlier this year, the company's asset infusions in 2026 now exceed P43 billion.