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News for Philippines Properties and Economic
Cebu Shines as Adventure Hub at Outdoor7 SummitNew!!
To strengthen Cebu’s reputation as a top adventure destination, the Department of Tourism (DOT) Region 7 has launched the highly anticipated Outdoors7 Summit 2024. This is a five-day event, starting November 20-24, 2024, held at Ayala Malls Central Bloc and Seda Central Bloc in Cebu I.T. Park. It features a dynamic lineup of forums, exhibitions, […]
CLI Set to Unveil 2 New Exciting Projects!
Cebu Landmasters, Inc. (CLI), a trailblazer in Philippine real estate, is gearing up to launch two highly anticipated projects before the year ends: The North Grove at Pristina Town in Cebu and Manresa Town in Cagayan de Oro City. These developments emphasize CLI’s unwavering commitment to creating vibrant, sustainable communities in key locations across the […]
Ayala Gains Stake in Cebu Development Firm
Ayala Corporation has made headlines in the Philippine real estate sector by acquiring a well-known Cebu-based developer after the successful approval of Aboitiz InfraCapital's stake buyout. This strategic acquisition enhances Ayala's presence in the fast-growing Visayas region and aligns with its mission to foster sustainable urban development across the Philippines. The move comes as the […]
Philippines' Q3 GDP Growth Slows to 5.2% Amid Economic Challenges
In the third quarter of 2024, the Philippines recorded a Gross Domestic Product (GDP) growth rate of 5.2%, marking a slowdown from the 6.4% growth achieved in the previous quarter. This deceleration highlights several economic challenges facing the country, including adverse weather conditions that have particularly impacted agriculture and disrupted government projects. This quarter’s growth […]
Cebu's Future: SM Seaside Arena Set to Redefine Events
The SM Seaside Arena, a monumental project under construction in Cebu City's South Road Properties, is heralding a new era for the region's economic and cultural landscape. With a seating capacity of 16,000, this will be the largest indoor arena in Cebu, designed to host various events, including international concerts, sports tournaments, and conventions. The […]
SM JMall:Cebu's New Shopping Sensation
Excitement buzzed through the streets of Mandaue City as the highly anticipated SM JMall officially opened its doors to the public last October 25, 2024. This vibrant new shopping destination marks the fourth SM store in the city. SM J Mall stands as a testament to modern architecture and innovative design, blending Japanese influences into […]
Cebu City Unveils Ambitious ₱33B Investment Plan for 2025
Cebu City is set to embark on an ambitious journey towards infrastructural and social advancement with a proposed P33 billion Annual Investment Plan (AIP) for 2025. The investment focuses on various sectors, particularly infrastructure and social services, and is designed to foster economic growth, enhance connectivity, and improve the overall business environment. Flood Management and […]
Primeworld Enclave Phase 2 Construction Begins
Primeworld Land Holdings has officially launched Phase 2 of Primeworld Enclave, an affordable housing development situated within a gated subdivision in Bulacan. This expansion comes in response to the overwhelmingly positive feedback received from the first phase of the project. In her keynote address, Celine Co, the Business Development Lead, emphasized Primeworld Land’s vision of […]
Paseo Grove Tower 2 Topping Off Ceremony
Priland Development Corporation marked a significant milestone in its ambitious Paseo Grove Tower 2 project with a topping-off ceremony in Lapu-Lapu City. The topping off of Tower 2 represents a big milestone in the ongoing construction of the entire Paseo Grove project, which is envisioned to comprise six towers in total. As the developers continue […]
Shang Properties Launch It's First High-end Condo in Cebu City- The Shang Bauhinia Residences
Shang Properties Inc., renowned for its high-end developments such as the iconic Shangri-La, has officially launched its inaugural project in Cebu—the Shang Bauhinia Residences. Located in the heart of Cebu, Shang Bauhinia Residences boasts a prime location strategically positioned near major business hubs. The project is just minutes away from Cebu IT Park and adjacent […]