Property
Megaworld spending P1.2 billion for a museum in Cebu
Megaworld Corp. is building a modern museum inside the 30-hectare Mactan Newtown property in Lapu-Lapu City, Cebu as an ode to the island’s cultural pride and historical significance.
Building permits decline in February but projects size, value higher
The number of building permits issued in Feburary declined from the year-earlier period but the size of the real estate developments and their total value surged, data from the Philippine Statistics Authority showed, suggesting strong growth for the construction and property sectors in the months ahead.
Cebu Landmasters forms joint venture with Japan’s NTT Urban Development unit
Cebu Landmasters Inc., a listed property developer whose home market is the Visayas and Mindanao, said it recently secured its first international partnership through a joint venture with Japan-based NTT UD Asia Pte. Ltd., a subsidiary of NTT Urban Development Corp.
Property market stay bought through 2024 and beyond, Colliers
The property market in Cebu is expected to stay buoyant beyond 2024, with most development likely focused in cities of Cebu, Mandaue and Lapu-Lapu
Residential real estate prices push higher in 4Q 2023
Residential real estate prices of various types of new housing units in the Philippines continued to increase in 4Q 2023, rising by 6.5 percent year-on-year, albeit lower than the 12.9 percent growth in 3Q 2023. Quarter-on-quarter, the index contracted by 3.6 percent, which is a reversal of the 3.4 percent growth registered in 3Q 2023.
