Property
DM Wenceslao net income rises in 1H on strong leasing
D.M. Wenceslao and Associates Inc. (DMW) reported a first-half 2025 net income of P936 million, reflecting steady growth across its rental-driven portfolio.
Ayala Land to invest P12.7B in Cebu mall redevelopment
Ayala Land Inc. is set to spend P12.7 billion to redevelop three key malls in Cebu—Ayala Center Cebu, Ayala Malls Central Bloc, and Ayala Malls Gatewalk—aiming to strengthen the region’s economic vitality and retail prominence.
M Prime to Launch Landmark Luxury Project in Makati
SM Prime Holdings Inc., through its premium residential brand M Prime, announced the upcoming launch of its first luxury project in Makati, signaling its formal entry into the high-end residential segment. The development will be located in one of the city’s most exclusive enclaves, addressing growing demand for upscale urban living.
Hilton, Ayala to open Canopy Hotel in Makati by 2026
Hilton Worldwide Holdings Inc. and Ayala Land Hospitality Inc. have announced the upcoming opening of Canopy by Hilton Makati in 2026, marking the debut of Hilton’s lifestyle Canopy brand in the Philippines.
Metro Manila hotels hold ground amid slump
Hotel occupancy in Metro Manila remained stable at 64 percent in the first half of 2025, up one percentage point from last year, according to real estate consultancy Colliers. However, occupancy is expected to hover just above 60 percent for the rest of the year amid weak foreign tourist arrivals and an incoming wave of new hotel rooms.
