Property

Ayala Land Inc. on Tuesday reported that Southmont Central, the newly launched commercial hub within the Southmont estate in Cavite, achieved a 43 percent sell-through rate on its first day of sale, underscoring robust investor confidence in the area’s growth potential.

D.M. Wenceslao and Associates, Inc. (DMW) broke ground on the first phase of Aseana Plaza, a landmark office development in Aseana City that will be the company’s largest commercial project to date. 

Vista Land & Lifescapes Inc., the Villar Group’s listed property arm, announced that its wholly owned subsidiary, VLL International Inc., has secured a USD150 million syndicated term loan facility with a fixed annual interest rate of 6.40509 percent.

SM Prime Holdings Inc., the property development arm of the Sy family’s business empire, announced it will complete the land reclamation portion of its 360-hectare Manila Bay project by the end of 2024, marking a major milestone in one of the country’s most ambitious urban infrastructure projects.

The Republic of Slovenia officially inaugurated its first embassy in Southeast Asia at RCBC Plaza, a premier business address in Metro Manila, signaling a significant diplomatic and economic milestone in its relations with the Philippines and the broader region.