Booming industry. As land becomes more expensive, developers are opting to build condominiums. Applications for license to sell condominiums rose 183 percent, the Housing and Land Use Regulatory Board noted. (SunStar File) CONFIRMING the construction boom in Cebu, the Housing and Land Use Regulatory Board (HLURB) reported a triple-digit growth rate in the rise of license to sell (LTS) applications for condominium projects. From 40 LTS received in 2016, this […]

New Oakridge tower affirms Lius’ property expansion RISING. At the opening of the Oakridge It Center 2 were (top left photo, from left) Atty. Cirilo P. Noel, Alfred H. Go, Bernie H. Liu, Mandaue City Mayor Luigi Quisumbing, Presidential Assistant for the Visayas Michael Dino, Rep. Jonas Cortes, Vice Mayor Carlo Fortuna, Oakridge Realty Development CEO Edmun H. Liu, Charlie H. Liu, and Doris Liu-Ong. (SUNSTAR FOTOS / ALLAN CUIZON) […]

one deal. Cebu Landmasters CEO Jose Soberano III (center) seals the deal with The Ascott Limited general manager Arthur Gindap. Landmasters COO Jose Franco Soberano (right) was also one of the signatories of the agreement. (SunStar Photo/Alex Badayos) LISTED-PROPERTY developer Cebu Landmasters Inc. (CLI) is chasing after millennials for its latest hospitality project. Yesterday, The Ascott Limited (Ascott) signed its first lyf brand in the Philippines with CLI. Named lyf […]

SOHO. Priland Development Corp. officials believe the self-employed are in need of small home offices and that their project is suited to that kind of lifestyle. (SunStar Foto/Arni Aclao) WITH the growing number of home-based professionals and startups in Cebu, a local developer is configuring some units of its newest condominium project for small office home office (SOHO) use. In a press conference yesterday, Priland Development Corp. introduced Northwoods Place, […]

CEBU. This photo shows the artist’s perspective of the Cebu-Cordova Link Expressway, between known as Cebu’s third bridge. (Contributed photo) A CONSORTIUM between a Spain-based and two Philippine-based construction firms will construct the multi-billion Cebu-Cordova Link Expressway (CCLEX), which will connect Cebu City to Cordova. The Cebu Cordova Link Expressway Corporation issued the Notice of Award for the “design and build” contract of the 8.5-kilometer third bridge to Cebu Link […]

LOCAL developers with large parcels of land in Cebu but are constrained by their lack of expertise in developing integrated communities can sell individual lots or portions of it to national developers, a property and management firm advised. Colliers International Philippines said this arrangement, albeit uncommon, gives opportunities to both parties. “We believe that both local and national developers in Cebu mutually benefit from this arrangement with the national developer […]

PROPERTY developer Contempo Property Holdings Inc. will launch more residential projects next year. Beverly Dayanan, the firm’s chief executive officer, said over a thousand new house units will be added to Cebu’s housing inventory as she plans to add at least two horizontal projects, one each in the south and north of Cebu. “By next year, we will be aggressive in horizontal developments,” said Dayanan, following the success of the […]

Soon to rise. The Ayalas and Gaisanos have come together to build a new leisure facility in Mactan. Lapu-Lapu City Mayor Paz Radaza (third from left) discusses her city’s tourism potentials. With her are (from left) TPEPI prexy Meean Dy, Vicsal prexy Edward Gaisano and CHI prexy Jun Bisnar. (SunStar Foto/Arni Aclao) RIDING on Cebu’s tourism wave, property giant, Ayala Land Inc. (ALI), and its local partners are investing P35 […]

FOR THE YOUNG. (From left) James Montenegro, country manager of Chroma Hospitality; Francis Gotianun, assistant vice president at Filinvest Hospitality; Charles Brookfield, president of Chroma Hospitality; and Lapu-Lapu Mayor Paz Radaza prepare to launch Grafik resort. (SunStar Photo / Allan Cuizon) THE GOTIANUN family-led Filinvest Group is investing P1.5 billion to develop a lifestyle resort that targets the younger generation, a market segment that is quickly growing in the hospitality […]

Projects ahead. Cebu Landmasters Inc. chief operating officer Franco Soberano briefs stockholders on the company’s progress. (SunStar Foto/Arni Aclao) PUBLICLY-LISTED Cebu Landmasters Inc. (CLI) is slated to tap the debt market by next year to raise P5 billion to P10 billion to finance its expansion plans. The information came yesterday from CLI president and chief executive officer (CEO) Jose Soberano III at the sidelines of the company’s annual shareholders meeting […]