CONSTRUCTION of the 250 resort rooms of The Sheraton Cebu Mactan Resort is ahead of schedule, its developer said. Ray Go Manigsaca, president of AppleOne Mactan Inc., yesterday said the firm is eyeing to open the resort hotel in the middle of 2019. The Sheraton Cebu Mactan Resort sits on a five-hectare property in Punta Engaño, Mactan Island overlooking both Hilutungan Channel and Magellan Bay. Its condominium development, the 186-unit […]

ACTIVE Group of Companies top officials Antonio Turalba (3rd from left) and wife Cristina (2nd from left), Antonio Turalba Jr., Ma. Valerie Villar, Maricar Octaviano, Joenard Arimas, with Soliven brothers Rey and Dot, during the groundbreaking rites of Durham Rows in Talisay City, Negros Occidental yesterday. (Carla N. Cañet)

STATE-OWNED Home Development Mutual Fund (Pag-IBIG) expects a higher loan take-up in the condominium segment in the short or medium term as Filipinos embrace an integrated lifestyle. Pag-IBIG Chief Executive Officer Acmad Rizaldy Moti said take-up rate for condominium residential loans is still low. Only five percent of the total Pag-IBIG member-base have availed themsel ves of condominium loan packages, citing the high cost of owning one compared to house-and-lot […]

ASIDE from buying real estate properties in the Philippines, Chinese investors are also eyeing possible acquisitions or joint venture deals with local property players. Colliers International Philippines research manager Joey Roi Bondoc said the country’s sound economy, as reflected by the fast sales take-up of residential and office units, has attracted Chinese investors not only to acquire properties but also explore potential partnerships here to ride the country’s growth momentum. […]

Catching some sun. Foreign tourists sunbathe at a beach on Boracay. The government hopes to reduce to four months the island’s closure to minimize tourism losses. (AP Foto/Aaron Favila) FOLLOWING Boracay’s approved closure for six months starting April 26, tour operators are faced with a bigger challenge–where to bring big groups this summer. While the country has several destinations similar to Boracay, Cebu Alliance of Tour Operations Specialists (Catos) president […]

Finding a champion for eco-tourism Advocacy. Former DENR secretary Gina Lopez keeps busy building communities, among them this island off Sta. Fe, Bantayan, where she recently stayed during the Holy Week. (Top foto from Gina Lopez’s facebook page) A GROUP of eco-warriors is turning Kinatarcan Island into an eco-tourism destination, another natural jewel waiting to be explored. Geraldine Labradores, managing director at Southern Partners and Fair Trade Center (SPFTC), said […]

Expanding soon. A plane passes by Terminal 2 of the Mactan-Cebu International Airport. GMR-Megawide Cebu Airport Corp. assured it has enough personnel on standby to assist travelers. (SunStar Foto/Allan Cuizon) THE Mactan-Cebu International Airport (MCIA) is on heightened alert in anticipation of the influx of arriving and departing passengers this week. MCIAA general manager and chief executive officer Steve Yuhico-Dicdican, in a statement, said all units are in place and […]

Megaworld integrates museums, art A MUSEUM is being planned to be developed at the 30-hectare The Mactan Newtown. With the township’s proximity to the historic Lapu-Lapu and Mactan Shrines, the museum is envisioned to highlight the personalities and events during the Battle of Mactan, one of the most significant moments in Philippine history. At present, the company is also putting up urban art installations across its townships as part of […]

CEBU Landmasters Inc. (CLI) ended 2017, six months after it became a listed company, with a record 66 percent increase in net income surpassing the P1.2-billion target. CLI reported a net income of P1.294 billion last year, with revenues reaching P3.929 billion, another record-setting 66 percent hike from its 2016 earnings of P2.361 billion. Real estate sales from CLI’s diversified portfolio of housing, offices and hospitality projects, accounted for the […]

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., […]