Property
Gov’t hikes socialized housing price ceilings
The government has raised price caps for socialized housing to speed up the rollout of its flagship 4PH program, according to a joint directive from the Department of Human Settlements and Urban Development (DHSUD) and the Department of Economy, Planning and Development (DepDev).
Hotel101 eyes EUR85.8M revenue from Milan project
Hotel101 Global Holdings Corp. has locked in a joint venture to build a roughly 429-room Hotel101 in San Donato Milanese, the Nasdaq-listed hospitality platform’s boldest push yet into Europe.
Capital boost sets stage for MREIT expansion
MREIT, Inc., the real estate investment trust of Megaworld Corp., has secured regulatory approval to raise its authorized capital stock (ACS) to P8 billion from P5 billion, clearing a major hurdle as it gears up for its next round of property infusions.
Megaworld, Accor team up to rebrand Manila Bay Hotel
Megaworld Hotels and Resorts has partnered with global hospitality group Accor to rebrand the 1,530-room Grand Westside Hotel in Parañaque as Mövenpick Manila Bay Westside, set to become the world’s largest Mövenpick property.
SEC green lights Sta. Lucia’s rental pool investments
The Securities and Exchange Commission (SEC) has approved Sta. Lucia Land Inc.’s rental pool investment offerings under the agency’s streamlined SEC RENT program, which simplifies how real estate firms register non-traditional investment products.
