Ayala Land Inc., through mid-range brand Avida Land Corp., said it was spending about P7.4 billion for Avida Towers Verge, a three-tower project on Reliance Street corner Mayflower Street. The builder said that the first tower, which will have 34 floors with over 1,000 units on offer, is expected to begin construction by early “Mandaluyong is a prime real estate hotspo...
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MANILA, Philippines — The rise of the tourism sector has sprouted into the demand for accommodation from a number of target markets. This is an opportunity realized by an international hotel operator as it is set to open a new premium hotel in the country. The 357-room Hilton Manila is set to open its doors to the public before the end of the year as it is nearing completion.
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A property developer’s grit and mettle would often become more apparent when tested during trying times. On the heels of an economic crisis, most companies would adopt a wait-and-see stance until recent developments would signal a more stable situation. But such wasn’t the case for property developer Empire East Land Holdings Inc., which chose to...
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MANILA, Philippines — Andrew Tan-led Megaworld Corp. is building its fourth residential condominium development in its 15.4-hectare Uptown Bonifacio township in the northern part of Fort Bonifacio. In a disclosure yesterday, Megaworld said the project would be a 45-story Uptown Arts Residence that would offer an additional 452 residential units in the bustling township.
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CEBU, Philippines — Leasing and real estate company Sugbu Realty Inc., enters into the hospitality business with the opening of the 101-room Eastland Hotel and Residences. The 10-storey boutique hotel located in Villa Aurora, Kasambagan targets both transients and long-staying guests offering serviced-apartment type of accommodations. Resourceworld Management Corporati...
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ABOITIZLAND continues its northward expansion as it launched Ajoya, a mid-market residential development that offers master-planned communities for families in Cabanatuan, Nueva Ecija, and Capas, Tarlac. By establishing presence in two new Luzon provinces, the homegrown Cebuano property arm of Aboitiz Equity Ventures Inc. boosts its residential portfolio. Early last year, it laun...
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