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AppleOne sets sights on new Marriott deal

CEBU, Philippines — AppleOne Properties Inc. may have to expand the hotel component of its Sheraton project on Mactan Island as it also eyes a new deal with Marriott International for another branded hotel to rise on the island. Company president Ray Go Manigsaca disclosed the Marriott Group is amenable to the plan of expanding the Sheraton Cebu Mactan Resort which is expected t...

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Is poor customer service endemic in property sector?

No doubt, the real estate market is bullish. But there are serious structural issues that need to be addressed if we expect the sector to continue its growth trajectory. Firstly, let us categorize structural issues into two areas. One is classified as regulatory issues, which refer to the inability of the government to curb local government unit (LGU) related interference, l...

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Danao: CentralHub’s third warehouse-complex’s site

A 5.2 hectare area in Danao City will be the third site for the CentralHub Industrial warehouse complex. This developed after CentralHub Industrial Centers Inc. (CentralHub), the industrial warehouse leasing subsidiary of Double Dragon Properties Corp, acquired the site. According to the CentralHub statement on Monday (Oct. 29), CentralHub-Cebu will have an initial area of 5...

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OFWs’ quick guide to wise investment

Billions of dollars are remitted to the country by overseas Filipinos workers every year. In 2017 alone, the Bangko Sentral ng Pilipinas (BSP) recor-ded $31.3 billion in personal remittances, which then accounted for about 10 percent of the country’s GDP. Latest BSP data further showed that as of end August this year, cumulative personal remittances reached $21.2 billion, while...

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Megaworld to build fourth residential project at Uptown Bonifacio

MANILA, Philippines — Property giant Megaworld is building its fourth residential condominium development in its 15.4-hectare Uptown Bonifacio township in the northern part of Fort Bonifacio near Kalayaan Avenue. The 45-storey Uptown Arts Residence will offer an additional 452 residential units in the bustling Megaworld township that is fast-rising to be Fort Bonifacio's cen...

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SEDA expands footprint in Nuvali

In a short span of two years, Ayala Land’s hospitality chain Seda already saw the pressing need to expand in Nuvali. Seda Nuvali general manager Jeffrey Enriquez recalled that when they started operations in 2014, the target then was to cater to the corporate segment, since the hotel in Sta. Rosa, Laguna, was near industrial parks. The following year, however, saw more of the we...

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