Manila Bulletin By James Loyola
Megaworld Corporation, the country’s largest developer of integrated urban townships, grew its net income by 13.4 percent to P13.3 billion in 2017 from P11.7 billion in the previous year.
In a disclosure to the Philippine Stock Exchange, the firm said 2017 earnings included non-recurring gains of P113 million while 2016 figures included a non-recurring gain of R82 million.
DMCI Homes’ The Celandine residential condominium development in A. Bonifacio Avenue, Balintawak, Quezon City has been enjoying brisk sales in recent months amidst flourishing trade and ongoing infrastructure projects in the area.
Properties in Balintawak have been an attractive investment vehicle owing to the ongoing urban redevelopment in the Cloverleaf interchange area and the upcoming completion of the Skyway extension project which is anticipated to cut travel time to Gil Puyat Avenue in Makati from 2 hours to less than 30 minutes.
By: Doris Dumlao-Abadilla - Reporter / @philbizwatcher Philippine Daily Inquirer
Tycoon Andrew Tan-led Megaworld Corp. seeks to “future-proof” its property developments across the country by incorporating digital technology, design innovations and connectivity into its townships.
“We have assigned teams to study how we can seamlessly integrate smart technology and innovations into our townships. In this fast-changing digital world, we see the importance of aligning our developments to quickly adapt to the disruptions, which we perceive as opportunities,” Megaworld senior vice president Kevin Tan said in a press statement.
Around 2,300 residential units from five condominium developments in its three Fort townships worth P30-billion will be turned over to owners within the year. These include: The Florence Tower 1, Viceroy East Tower and The Venice – Giovanni Tower in McKinley Hill; St. Moritz Private Estate in McKinley West; One Uptown Residence and Uptown Ritz in Uptown Bonifacio.
Global-Estate Resorts, Inc. (GERI), Megaworld’s integrated tourism and leisure brand, continuously soared its net income to record high as it grew 45% to P1.6-billion (inclusive of P113-million non-recurring gain) last year from P1.1-billion (inclusive of P82.5-million non-recurring gain) in 2016. The company’s net income attributable to parent on the other hand reached P1.5-billion in 2017, up 56% from the previous year’s P966-million. GERI’s growing number of tourism estates and integrated lifestyle communities backed by expansive land bank have been the company’s backbone for growth since it was consolidated into the Megaworld Group in 2014.
(The Philippine Star)
MANILA, Philippines — Manila’s most fashionable hangout, Power Plant Mall, not only offers a leisurely experience for diners and fashion seekers, but also for discerning property owners looking for a unique home that speaks of exclusivity and the high life.
Entering the new lounge of The Arton at the mall’s brand-new wing, one already gets an idea on how to liven up a small space and infuse a young, cozy and elegant vibe.
(The Philippine Star)
MANILA, Philippines — The Philippine property sector is seen topping its stellar performance last year to remain as a leading real estate market in the region this 2018.
Property consultancy firm Santos Knight Frank (SKF) said it expects even greater movement this year across key local real estate markets as investor confidence in the Philippines remains high and the government’s infrastructure expansion and fiscal reforms go into full swing.
By: Theresa S. Samaniego - @inquirerdotnet Philippine Daily Inquirer
A discriminating taste, a discerning eye. Just how do you please the Filipino homebuyer, who wants nothing but the best space for his hard-earned keep?
One upscale property developer certainly has the answers: give the buyers the best amenities, a prime city location, and all other comforts of a sophisticated and elegant lifestyle due to them—or what Shang Properties would otherwise say are key ingredients that make a perfect urban residence.
True to its commitment of delivering quality projects, DMCI Homes is set to turnover 11 residential condominium buildings in 2018—two of which will be ready for occupancy (RFO) a year earlier than scheduled.
The turnover of the 11 buildings will mark the completion of three ongoing residential condominium projects namely Brio Tower, Asteria Residences, and Mirea Residences.
Construction work has been progressing well on DMCI Homes’ Fairway Terraces residential condominium development in Villamor Air Base in Pasay City and continues to stay on track for turnover in February 2019.
The 19-storey single tower development already topped off in the last quarter of 2017 and is shaping up as an iconic architectural work along the South Luzon Expressway.