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Philippines Firm Takes Forefront in Innovative Dev't Ventures |
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Friday, 15 August 2008 07:17 |
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LEGAZPI CITY, An investment firm in the Philippines' area of Bicolano, headed by a young construction magnate, has put itself in the forefront of industries involving eco-tourism, real-estate, information technology, leisure, hotel and renewable energy among other multi-billion-peso innovative ventures nationwide.
On August 8, 2008, the Sunwest Group of Companies (SGC) held the blessings and soft opening of Embarcadero de Legazpi, a 24 7 operational well-masterplanned information technology, modern trading hub and lifestyle destination in a seafront environment here.
Embarcadero is patterned somewhat after the Fisherman's Wharf in San Francisco, California and will house a wide call center, a mall, market, restaurants and a hotel. The call center alone, he said, will occupy 31,000 sq m of the total 51,000-sq-m Embarcadero site, according to Elizalde Co, the 38-year-old SGC president and chief executive officer. |
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Friday, 15 August 2008 06:47 |
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CEBU is now home to a booming and balanced real estate industry.
This was the assessment made by Philippine Association of Realtors Board Inc.-Cebu Realtors Board Inc. (Pareb-Cereb) president and realtor Gerry Yangyang.
Yangyang said in an interview during the opening of the First Cebu Real Estate Expo 2008 at SM City Cebu yesterday that high-end housing projects, often located in the cities, are balanced off with low-cost housing projects that extend to as far as Compostela in the north and Minglanilla in the south. |
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House, Senate approve easier payment terms for housing loans |
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Friday, 15 August 2008 06:41 |
Nearly 300,000 families belonging to 849 community associations will be spared from eviction from their homes once a law is enacted allowing them to restructure their housing loans with government financing institutions.
A bicameral conference committee approved last night the consolidated bill seeking to condone all penalties and surcharges on housing loans and extending the repayment period to lower the monthly amortization.
Senator Juan Miguel Zubiri, chairman of the committee on urban planning, housing and resettlement who led the Senate panel in the bicameral negotiation, said the lawmakers managed to secure the commitment of GFIs to ease the repayment rules and adopt a formula that will enable the delinquent borrowers to hold on to their homes.
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Vista Land profit falls 26% to P1.5 B |
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Wednesday, 13 August 2008 20:01 |
 Vista Land & Lifescapes, Inc., the country’s largest homebuilder, reported a 25.5 percent drop in consolidated net income in the first half of 2008 to P1.54 billion from P2.06 billion in the same period last year on account of one time gains recorded in 2007.
In a press briefing yesterday, Vista Land senior vice president for finance Ricardo Tan, Jr. said the firm earned a non-recurring gain of P1.44 billion in the first half last year as a result of subsidiary C&P Homes’ restructuring of its foreign currency denominated floating rate notes.
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Tested materials for home building |
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Wednesday, 13 August 2008 19:52 |
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 Housing developer PA Alvarez Properties and Development Corp. notified homeowners that the protection of their housing investment in the present economic unrest is to expend building materials that have been tried and tested by both builders and users.
With a vision to be among the most respected developers in the land and recognized for its unwavering commitment to provide Filipinos with safer, better, more affordable, progressive communities, the 13-year-old company has been providing value for money to its clients and projects through its particular choice of building materials. |
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Born at the turn of the century, National Artist in Architecture Pablo S. Antonio pioneered modern Philippine architecture. His basic design is grounded on simplicity, no clutter. The lines are clean...
The Company is one of the fastest growing property developers in the country whose main focus is the development of high-end condominium projects in Manila.The Company’s very first project, the Lee...
About MatimcoThe year 1963 heralded the birth of Mandaue Timber Company. Founded by Mr. Lim Liu, the small outfit was engaged in selling lumber and wooden cases to soft drink and beer companies in...