DMCI PROJECT Developers, Inc. has bought more land in Cebu to support its plans to expand its presence outside Metro Manila. The operator of DMCI Homes said in a statement over the weekend it recently acquired a 9,695-square meter property in Lahug, Cebu City, which it is looking to develop into a vertical community. “Cebu is one of the fastest growing economies in the Philippines. Exp...
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CEBU-BASED developer AppleOne Properties Inc. (API) has signed a management contract with Marriott International (MI) to develop the first Fairfield Inn & Suites in the region. Fairfield Cebu Mactan will be located within Mahi by AppleOne Properties Inc., a forthcoming IT center set to rise along ML Quezon National Highway in Barangay Ibo, Lapu-Lapu City. The property will have 198 ro...
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VILLAR-LED Vista Land & Lifescapes, Inc. (VLL) is planning to raise as much as P40 billion from the domestic bond market, as it ramps up the expansion of its residential and commercial projects. The listed property developer told the stock exchange yesterday it has filed an application with the Securities and Exchange Commission (SEC) for the shelf registration of fixed-rate retail bonds am...
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8990 Holdings, Inc. has paid the P27.11 million fine imposed by the Philippine Competition Commission (PCC) after its subsidiary Urban Deca Homes Manila Condominium Corporation was charged with abuse of dominance. Marking the country’s first abuse of dominance case, Urban Deca Homes was found to have imposed its in-house internet service provider (ISP) Fiber to Deca Homes on unit owners a...
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MANILA, Philippines — Federal Land, the property development arm of the Ty-led GT Capital Holdings Inc., is putting up The Grand Midori along Exchange Road in Ortigas Center, the second iteration of the brand in the country following the success of first The Grand Midori in Makati. The two-tower high-rise development will offer prime living spaces exemplifying craftsman-like, elegance, an...
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ARTHALAND Corp. has subscribed to P12.5 million worth of shares in its newly incorporated joint venture firm with Japanese partner Mitsubishi Estate Co., Ltd. In a disclosure to the stock exchange on Tuesday, the niche property developer said it incorporated Kashtha Holdings, Inc., after which it subscribed to 12.5 million shares worth P1 each. Arthaland earlier disclosed that its joint vent...
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