Estate Philippines Latest Information

Estate Philippines Latest Information

Property market to coast through political challenges
Jones Lang LaSalle chief executive officer Colin Dyer said that while investors are eager to invest in emerging economies like the Philippines, they seem to bypass the country for one of its peers.

Rules dispute holding back REITs
THE ESTABLISHMENT of real estate investment trusts (REITs) in the Philippines remains uncertain as the Finance department insists on disputed requirements, but officials are optimistic a compromise will be reached as negotiations continue.

Higher VAT-Exemption Thresholds Open New Opportunities For Real Estate
MANILA, Philippines — Starting Jan. 1 this year, real estate buyers can already enjoy added relief from value-added taxes (VAT) with the passage of BIR Revenue Regulation No. 16-2011, which effectively increases the threshold amounts for VAT-exempt transactions, as follows: (1) From P1.5 million to P1,915,500 for residential lots; and (2) From P2.5 million to P3,199,200 for house and lot ...

Netizens laugh over ‘free mileage’ for realtors, witness’ hair loss
MANILA, Philippines - Real estate became a hot topic on Twitter today, as people watching Chief Justice Renato Corona’s impeachment trial mused about condominium discounts and price reductions.

Villar group ventures into power business
The Villar group plans to control the delivery of power to its real estate projects and shopping malls.

GERI Bounces Back To Profitability
MANILA, Philippines — Global-Estate Resorts Inc., a subsidiary of Alliance Global Group Inc. and formerly Fil-Estate Land Inc., reported a significant turn-around for its fiscal year ending September 30, 2011 with a consolidated net income of P19.4 million from the net loss of P153.3 million in 2010. In a disclosure to the Philippine Stock Exchange, the firm said consolidated total revenues ...

Upgraded Philippine International Property Investment
MANILA, Philippines — Just a little over a year ago, based on a survey of Emerging Trends in Real Estate Asia Pacific 2011, the Philippine property market was ranked as below fair to appalling. Strict property laws and the paper work involved were discouraging investors.

Demand for beachfront properties remain strong
Property marketers remain optimistic that the recent tsunami scare will not in any way affect the high selling potential of beachfront properties.

Condominium, office space demand to go up
REAL estate services and advisory firm CB Richard Ellis (CRE) Philippines sees no glut in the residential sector, while the outlook for the office sector remains bullish despite efforts in the United States to discourage companies from outsourcing.

Century Properties' earnings jump 438% in first 10 months of 2011
Century Properties Group Inc. said its earnings in the first 10 months of 2011 jumped 438 percent to P780.91 million on higher real estate sales.

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