Archive for the ‘Uncategorized’ Category

Diversified. With just P17,000, Mario Rizon started his custom furniture making business. Today, Rizon Holdings has branched out into farming, hospitality, food and property development. (Contributed Foto) MARIO Rizon earned a degree in agribusiness in college, but his exposure to making furniture in his in-laws’ business in the 80’s changed his life. Helping out made him realize he wanted to work with his hands and become an entrepreneur. In 1986, […]

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STARTING today, the Home Mutual Development Fund (Pag-IBIG) will redice its rates for its end-user financing program. In a memorandum issued by Pag-IBIG Chief Executive Officer Acmad Rizaldy last Feb. 6, interest rates of loans for one-year fixed term loans drop from 5.5 percent to 5.375 percent and three-year fixed-term loans from 6.5 to 6.375 percent. Also, effective Feb. 18, member-borrowers of Pag-IBIG will enjoy paying lesser equity after the […]

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THE 2nd Cebu Property Expo (CPE), is set to launch on Feb. 23 at the Cebu Trade Hall, SM City Cebu. The event will run for three days where top property developers and home suppliers in the Philippines will all be showcased. Recognized as the premier destination of business outside Metro Manila, Cebu has undergone a significant transformation in the last few years in the real estate industry. Property values […]

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The Country’s Largest Real Estate Show in the Queen City of the South, the 2nd Cebu Property Expo (CPE), is set to launch on February 23, 2018, at Cebu Trade Hall, SM City Cebu. The event will run for three days at the Cebu Trade Hall, SM City Cebu where top property developers and home suppliers in the Philippines and in Cebu will all be showcased. Recognized as the premier […]

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VISTA Land & Lifescapes Inc. targets to have 60 malls by end of 2020. Currently, the company and its subsidiaries have 22 malls in its portfolio. “We remain bullish with the expansion plans of our leasing business through our subsidiary, Starmalls, Inc., to add 38 more malls in the next three years,” Vista Land chairman Manuel B. Villar Jr. said. “We remain optimistic for the industry, given the strong demand […]

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CEBU. Andrew Harrison, chief executive advisor of GMR Megawide Cebu Airport Corporation, speaks before media that Mactan Cebu International Airport Terminal 2 will be opened in the first week of July. (Flornisa M. Gitgano) ONE of the “beautiful airport terminal buildings in the world” will open in Cebu in the middle of this year. Andrew Harrison, chief executive advisor of GMR Megawide Cebu Airport Corporation (GMCAC), said Mactan Cebu International […]

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HOMEGROWN real estate developer Priland is launching 11 projects in two years, ahead of its three-year projected timeline. Priland president Ramon Carlo Yap said the property firm’s aggressive land acquisitions has given the company the needed boost to push the launch of its projects earlier than planned. “As Priland aims to build aspirations to life, it has continued to explore key areas to develop to answer to the great demand […]

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Property developer Cebu Landmasters Inc. (CLI) racked up P4.58 billion in reservation sales last year, exceeding its full-year goal, due to the robust take-up of key residential projects. The full-year reservation sales exceeded CLI’s goal by 13.75 percent and marked a 55.6-percent improvement over the reservation sales posted in 2016. Reservation sales are a good indicator of how much revenues can grow in the years ahead once real estate construction […]

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Signs of progress. High-rise buildings have sprouted all over Metro Cebu, but local fire officials are ill-equipped to handle catastrophes should any of the higher levels catch fire. (SunStar Foto/Allan Cuizon) REAL estate players in Cebu are willing to sit down with the concerned government agencies and the Cebu City Government to discuss how all parties can work together to ensure safety standards of high-rise buildings will be observed. Cebu […]

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New bridge project to employ 1,000 Big-Ticket project. CCLEC president Allan Alfon (second from left) awards a contract to Cebu Link Joint Venture authorized representative Ruben Camba. The event is witnessed by local government officials and contractors. (SunStar Photo/Amper Campaña) CLOSE to 1,000 workers will be hired to build the Cebu-Cordova Link Expressway (CCLEX). Majority of the workers will be sourced from Cebu, especially those from the town of Cordova […]

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