Property

The Bases Conversion and Development Authority (BCDA) has extended the interim operations and maintenance (O&M) contract for John Hay Golf by another year, postponing the bidding for a long-term operator as it reassesses the course’s future management model.

Property giant Megaworld Corp. is expanding its office platform with the launch of a new leasing group, a move aimed at reinforcing its position as the Philippines’ largest office developer while advancing its goal of building a 2-million-square-meter leasable office portfolio.

The government is considering a higher tax incentive ceiling for socialized and economic housing, a move seen as a bid to keep affordable homebuilding viable as construction costs continue to climb.

Robinsons Land Corp. (RLC), the property arm of the Gokongwei Group, said that as of end-2025, the remaining balance from the proceeds of its block placement amounted to P562.1 million, to be utilized following disbursements made last year.

Cebu Landmasters Inc. (CLI), the leading property developer in the Visayas and Mindanao, has officially opened the newly redeveloped Patria de Cebu, a mixed-use complex that blends heritage preservation with modern commercial use in downtown Cebu City.