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Macapagal road overprice: Five officials suspended |
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Sunday, 31 August 2008 02:27 |
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Chairman Ramon Revilla Sr. of the Philippine Reclamation Authority has imposed a 90-day suspension order on five of his subordinates accused of overpricing the construction of the Macapagal Boulevard in Pasay City. PRA deputy general manager for finance and legal administration Theron Victor V. Lacson, assistant general manager Jaime R. Millan, technical services department manager Bernardo T. Viray, project management officer Raphael Pochollo A. Zorilla and legal department manager Cristina Amposta-Mortel have been ordered placed under preventive suspension. They, along with six state auditors, were indicted by the Sandiganbayan for allegedly taking part in a conspiracy to defraud the government by overpricing the construction of the P1.1-billion, 5-km Macapagal Boulevard. |
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Saturday, 30 August 2008 00:00 |
With heavy showers and torrential downpours happening almost every week, you may now be able to gauge how well you have equipped your house to cope with this eventuality.
“No matter how well you have prepared during the hot months, flaws in construction only come to the fore when your house gets soaked with incessant rain,” said Sonny Ducay of Firm Builders Realty.
He added that to prevent further damage, such flaws should be taken care of immediately.
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Int’l real estate lecturer endorses Crown Regency Boracay resort |
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Friday, 29 August 2008 00:00 |
 AN experienced real estate investor who lectures around the world on strategic global real estate investments has endorsed Crown Regency Hotels and Resorts, a fast-growing chain of local hotels in the Philippines.
John V. Childers, also consultant to Donald Trump, is one of the most respected speakers in North America and Australia, teaching others about real estate investing techniques.
According to his official website www.johnchilders. com, Childers “has built a substantial real estate empire,” not only in the United States but also in strategic locations around the globe and continues to expand his investments.
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Midrange, low-cost houses are in |
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Friday, 29 August 2008 00:00 |
 Property buyers' appetites are changing, particularly those of overseas Filipino workers (OFWs), who make up the biggest market for real estate.
Officials of the Chamber of Real Estate and Builders' Associations, Inc., told the Philippine Daily Inquirer that buyers were now going for either socialized (cheaper than low-cost) or, more significantly, midrange properties.
"More people are buying for investment, especially OFWs. They (OFWs) are no longer made up of domestic helpers or carpenters. They are mostly nurses, doctors, IT people, even lawyers, managers. They get better pay and are more likely to think about investing," CREBA national president Reghis M. Romero II told the Inquirer.
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