Condos are options where land is scarce Aizen Flats. Officials of Athecor Land led by president Haydee Esperanza King (right) break ground on their condominium project in Alang-Alang, Mandaue City. (SunStar Foto/Allan Cuizon) HOMEGROWN property developer Athecor Land is diversifying into condominium development as land in the city center becomes scarce. Last Monday, the company began the construction of Aizen Flats, a walkup condominium project located on PJ Burgos St., […]

Countdown. Government and airport officials started last Monday a countdown to the MCIA Terminal 2’s opening. (SunStar Foto/Allan Cuizon) TERMINAL 2 (T2) of the Mactan Cebu International Airport (MCIA) is now in its final stage of completion, with just 110 days to go until it opens its gates to the world. Andrew Harrison, chief executive adviser of GMR-Megawide Cebu Airport Corp. (GMCAC) said 91 percent of the terminal has been […]

SOON, THERE’LL BE THREE. Oakridge Realty Development Corp. CEO Edmun Liu (center) leads the groundbreaking ceremony of the Oakridge IT Center 3 build-ing. With him are (from left) Atty. Karen Climaco, Mary Lood, Mandaue ECO Glass owner Ericson Ong, Quest Air Tech president Arturo Robles, ArchiGlobal Inc. president Mike Torres, Anne Liu, ASEC president Maria Teresa Esquivel, RLB president Corazon Ballard, Nilo Arribas, and Estee Plunket. (Contributed photo) THREE months […]

Tourism facilities. Increased tourist activity is expected to drive up developments in the leisure and industrial sector, a market researcher says. (SunStar File) THE anticipated completion of Mactan-Cebu International Airport (MCIA) terminal 2 project is expected to provide impetus for developers to ramp up construction of hotels and resort-oriented condominium projects. Citing Colliers’ Top 10 Predictions for 2018, Joey Roi Bondoc, the firm’s research manager in the Philippines, said leisure […]

Setting down roots. (From left) Metro Pacific Tollways Corp. President and CEO Rodrigo Franco, Cordova Mayor Mary Therese Sitoy-Cho, Metro Pacific Investments Corp. President and CEO Jose Maria Lim, President Allan Alfon of Cebu Cordova Link Expressway Corp. and Metro Pacific Investments Foundation President Melody Del Rosario break ground on a Mangrove Propagation and Information Center in Barangay Day-as, Cordova. (SunStar Foto/Allan Cuizon) EXACTLY a year after the project’s groundbreaking, […]

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, […]

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 […]

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 […]

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 […]

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 […]