Property
High interest rates hit DMCI sales, push strategic pivot
DMCI Homes Inc., the property development unit of DMCI Holdings Inc., is seeing a marked increase in unsold condominium units due to a surge in buyer cancellations, prompting a strategic shift toward ready-for-occupancy (RFO) and rent-to-own offerings.
New Ayala Land hub in Cavite reports swift uptake on launch day
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.
DMW breaks ground on landmark Aseana Plaza project
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 unit secures USD150M syndicated loan
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 eyes completing Manila Bay land reclamation in 2025
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.
