CATHERINE TALAVERA, TMT

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RETAIL prices of construction materials in the National Capital Region (NCR) picked up pace in 2016 as all commodity groups registered annual markups, the Philippine Statistics Authority (PSA) said on Wednesday. The PSA said the Construction Materials Retail Price Index (CMRPI) in the NCR grew by an annual average of…

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Listed leasing firm PTFC Redevelopment Corporation saw a 69 percent rise in its net income for the first three months of its fiscal year, driven by revenues from its wholly owned subsidiary’s commercial leasing business in Quezon City’s Baesa Town Center, the company said in a disclosure to the Philippine…

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SM Prime Holdings Co. Ltd. (SMPH), operator of SM Supermalls, said it was given recognition by a Chinese business group for the performance of its China-based malls. In a statement on Wednesday, SMPH said it was named as one of the Top Ten Successful Asean Countries Entering China in 2016…

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LISTED property developer Primex Corporation said it has prepaid its loan obligations worth P1.8 billion with two major banks ahead of schedule given its strong financial position and ahead of an expected increase in interest rates. In a disclosure to the Philippine Stock Exchange on Tuesday, Primex, along with subsidiary…

CUSHMAN & WAKEFIELD REPORT:

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The Metro Manila office property market will be the biggest market in Southeast Asia this year, accounting for the bulk of regional supply that is expected to grow by 13 percent, property services firm Cushman and Wakefield said on Tuesday. In a report, Cushman and Wakefield forecast that Southeast Asia…

LAMUDI PH:

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The use of social media for property selling and buying in the Philippines is expected to increase this year, top property listing site Lamudi Philippines said on Tuesday. Lamudi noted that most prospective homebuyers in the Philippines have already made use of the internet and are increasingly relying on social…

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Real estate brokerage firm Leechiu Property Consultants (LPC) is aiming to accelerate the growth of the Philippines’ property sector with its partnership with the CBRE Group, the firm’s head said in a statement on Monday. LPC Chief Executive Officer David Leechiu said its recently forged partnership with the Philippine unit…

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Local property developer CDC Holdings Inc. is planning a third project in partnership with International Serviced Residences operator Ascott Limited, a company official said. In a recent interview, CDC Holdings President and Chief Executive Officer Melesa Chua told reporters that the firm is in talks to expand its partnership with…

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PROPERTY developer Robinsons Land Corporation (RLC) said its net income for fiscal year ending September 2016 rose 7.9 percent from the previous year, mainly driven by revenues from its mall business. In an annual report to the Philippine Stock Exchange on Friday, RLC said its net income for fiscal 2016…

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Despite the strong demand office space in Metro Manila, newly completed developments coming online this year will keep the vacancy levels at a healthy rate above 5 percent, a real estate consultancy said. The vacancy rates in the Metro Manila office market would rise to healthier levels this year, as…

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