MANILA, Philippines – Unknown to many, the Central University Belt or “U-belt” area in Sampaloc, Manila, is home not only to several universities and colleges but to several heritage sites as well.
Megaworld affiliate to spend P100M for bus system at the Fort
An affiliate of Megaworld Corp., First Oceanic Property Management Inc., has alloted up to P100 million for a public transportation system that would link Megaworld’s projects in Fort Bonifacio.
Despite strong peso, OFWs still buying houses
THE PESO’S sharp appreciation against the dollar has neither dampened overseas Filipinos’ interest in buying real estate nor resulted in delinquency in their housing loans so far, BPI Family Bank said.
Alfonso Salcedo, president of BPI Family Bank–the thrift bank subsidiary of the Ayalas’ Bank of the Philippine Islands–said housing loans from overseas Filipinos were still […]
Gov’t readies sale of 70 hectares of FTI complex
Agriculture Secretary Arthur C. Yap said he was rushing the privatization of the 120-hectare Food Terminals Inc. complex in Taguig City as the state-run Government Service Insurance System had offered P7 billion for the property.
Ortigas completes purchase of QC property from unit
Property Developer Ortigas & Co., Ltd. Partnership has closed a deal with its subsidiary that would allow it to foray into areas outside Ortigas.
BCDA conducting third auction for Fort property
The Bases Conversion Development Authority (BCDA) will rebid its P1.9-billion prime property in the Bonifacio Global City within the first quarter after two failed biddings last year.
Call center opens at Araneta Cyber Park
In answer to the growing business process outsourcing (BPO) industry in the country, Araneta Center is developing its own Cyber Park as part of its 20-year major redevelopment plan.
Rockwell to launch Lopez Center, housing project
Lopez-owned property developer Rockwell Land Corp. has allotted P16 billion for two projects that are set to be launched this year, company officials said.
BSP eases rules on real estate loans of banks
The Bangko Sentral ng Pilipinas (BSP) has eased the restrictions on banks’ exposure in the property sector and excluded private housing and public infrastructure construction loans from the 20-percent ceiling on real estate loans.
PSALM to sell decommissioned Manila plant on Feb 6
The Power Sector Assets and Liabilities Management Corp. will be selling the decommissioned Manila Thermal Power Plant on Feb. 6. The MTPP will be the first power plant PSALM sells this year.