Tag: Philippine Center for Postharvest Development and Mechanization (PhilMech)

Federal Land Inc. Chairman Alfred Ty remains optimistic about the Philippine property market, saying developers are positioned to weather the current downturn as the sector works through elevated inventory and prepares for a gradual recovery.

Palay and corn production may decline sharply in the third quarter, with the latest estimates from the Philippine Statistics Authority pointing to smaller harvest areas for both crops and weaker corn yields.

The Philippine hotel industry has lined up P387 billion in committed investments for more than 45,000 new rooms through 2032, signaling sustained developer confidence in tourism despite sharply higher construction and financing costs.

Federal Land Inc. is deferring the permanent redevelopment of the former Lexus Manila flagship showroom in Bonifacio Global City, choosing to operate the prime property as an events venue while waiting for market conditions to support a higher-value project.