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THE PHILIPPINES, over the past few years, despite its periodic noisy political circus, has proven to be a dynamic growth economy, outperforming its neighbors such as Malaysia, Thailand, Vietnam and even China! With solid economic fundamentals and framework already put in place by its predecessors, the current Duterte administration is embarking on an ambitious “Build, Build, Build” mega infrastructure program nationwide while continuing to commit itself to leveling the business playing field, pushing for further opening up of the economy to direct foreign investment, prudent fiscal management via tax reforms, and breaking up monopolies and cartels such as the recent entry of a 3rd telecom player.
THE PHILIPPINE ECONOMY is projected to grow by 6.6% in 2019 while on a sustained all inclusive upward trajectory, its business community inspired and buoyed by the strong political will, anti-crime and anti-corruption stance of the government, its growing young and educated populace further empowered on the economic front while its diaspora of Filipino overseas workers and professionals continue to excel and showcase their skills and talents as they help power the economies of their host countries and in return, funnel billions of dollars to their home country.
One of the many beneficiaries in the Philippine economy is undeniably, real estate. Of course, there are other underlying factors that drive the years-old "bull run" in this sector, including the growing middle class, rising consumption, increase in local and foreign tourism, expanding businesses, etc. all of which have contributed to robust demand for real estate on which more housing, commercial, tourism and industrial complexes are endlessly being built.
We will let both domestic and international business news coverage below tell you the story with the confidence that they will add to your arsenal of information which you will utilize in making your purchase or sell decision as a real estate investor/buyer/seller.
For the latest updates on Philippine real estate news and our listings, periodically visit this website and/or "like" our facebook page at https://www.facebook.com/PhlProperty
THE PHILIPPINE ECONOMY is projected to grow by 6.6% in 2019 while on a sustained all inclusive upward trajectory, its business community inspired and buoyed by the strong political will, anti-crime and anti-corruption stance of the government, its growing young and educated populace further empowered on the economic front while its diaspora of Filipino overseas workers and professionals continue to excel and showcase their skills and talents as they help power the economies of their host countries and in return, funnel billions of dollars to their home country.
One of the many beneficiaries in the Philippine economy is undeniably, real estate. Of course, there are other underlying factors that drive the years-old "bull run" in this sector, including the growing middle class, rising consumption, increase in local and foreign tourism, expanding businesses, etc. all of which have contributed to robust demand for real estate on which more housing, commercial, tourism and industrial complexes are endlessly being built.
We will let both domestic and international business news coverage below tell you the story with the confidence that they will add to your arsenal of information which you will utilize in making your purchase or sell decision as a real estate investor/buyer/seller.
For the latest updates on Philippine real estate news and our listings, periodically visit this website and/or "like" our facebook page at https://www.facebook.com/PhlProperty
PHILIPPINE REAL ESTATE NEWS....
SBS Philippines widens land bank
By Iris Gonzales (The Philippine Star) | Updated October 4, 2017 - 12:00am
MANILA, Philippines — SBS Philippines Corp. has signed an agreement to acquire a prime property in Mandaluyong City.
In a disclosure to the Philippine Stock Exchange (PSE) yesterday, SBS said its associate company Cleon Philippines Holdings Corp. is acquiring a 54,000 square meter property situated in barangays Vergara and Namayan in Mandaluyong City.
SBS Philippines owns a 37.25 percent equity stake in Cleon Phils. Holdings.
“The investment is in furtherance of the diversification and investment strategy of the SBS Group to invest in small ownership stake in companies investing in real properties to have a more diversified interest in different property holdings at a lower capital requirement and risk exposure to the company,” SBS said.
More details....
By Iris Gonzales (The Philippine Star) | Updated October 4, 2017 - 12:00am
MANILA, Philippines — SBS Philippines Corp. has signed an agreement to acquire a prime property in Mandaluyong City.
In a disclosure to the Philippine Stock Exchange (PSE) yesterday, SBS said its associate company Cleon Philippines Holdings Corp. is acquiring a 54,000 square meter property situated in barangays Vergara and Namayan in Mandaluyong City.
SBS Philippines owns a 37.25 percent equity stake in Cleon Phils. Holdings.
“The investment is in furtherance of the diversification and investment strategy of the SBS Group to invest in small ownership stake in companies investing in real properties to have a more diversified interest in different property holdings at a lower capital requirement and risk exposure to the company,” SBS said.
More details....