Property
DOJ draws line on housing quotas
The Department of Justice (DOJ) has thrown a legal wrench into how property developers meet their socialized housing obligations, declaring key portions of a 2021 housing department order legally infirm.
Aboitiz, House of Investments gets clearance for Tarlac Estate expansion
LIMA Land Inc., the Aboitiz Group’s economic estates arm, and House of Investments (HI) of the Yuchengco Group have secured clearance from the Philippine Competition Commission, paving the way for the formalization of their joint venture at TARI Estate in Tarlac.
Subsidence persists beneath Manila Bay reclamation, UP study shows
Land reclaimed from Manila Bay remains broadly stable at the surface, but beneath that stability, ground subsidence is continuing and is likely to persist, according to a satellite-based study by researchers from the Department of Geodetic Engineering at the University of the Philippines Diliman.
Office glut glut to push prices down through 2027, hitting developers and reshaping choices for Filipinos
Office occupancy in Metro Manila is expected to keep falling until 2027 as new buildings open faster than companies can fill them, according to real estate consultancy Prime Philippines. The oversupply is putting continued downward pressure on office rents and property values.
Megaworld accelerates wellness-driven living in Palawan
Megaworld Corp., the listed property development arm of tycoon Andrew Tan, is accelerating its expansion in Palawan as it introduces a new wellness-focused residential concept within its 462-hectare ecotourism township, Paragua Coastown, in San Vicente.
