Most Filipinos are more at home in suburban villages—INQUIRER.net poll
By Totel V. de Jesus
Most Filipinos prefer to live in a single detached house in suburban villages than a condominium unit in the city, an INQUIRER.net survey revealed Tuesday.
Most Filipinos prefer to live in a single detached house in suburban villages than a condominium unit in the city, an INQUIRER.net survey revealed Tuesday.
Century Properties Inc. has scored a double legal victory after it hurdled two challenges involving the construction of its 73-story Gramercy Residences, a posh condominium in the heart of Makati City.
Megaworld Corp.’s integrated tourism estate project at the so-called Entertainment City would entail an investment of more than $1 billion, business development consultant Danilo Madlansacay told reporters.
Originally planned to be a 65-story residential building, Century Properties’ The Gramercy Residences’ topmost floor was completed in February 2011. Then standing at more than 70 stories, it was at the time touted to be the country’s tallest building. Launched in 2007, Gramercy, which is located along Kalayaan Avenue in Makati City, was the first residential tower at the 3.4-hectare Century City.
There are two sides to the current housing boom. The more visible side is the flurry of high-rise condominiums that are transforming Metro Manila’s skyline. Their prominence is matched only by their own giant billboards and splashy newspaper ads.
Property giant Ayala Land Inc. has reported a brisk take-up of residential units in upscale 63-storey “The Suites” in Bonifacio Global City, its most expensive but best-selling residential project in recent years.
Residential property developer SM Development Corp. (SMDC) said it has sold 95 percent of the units in Sea Residences, a six-tower condominium development in the Mall of Asia complex.
Megaworld Corp. expects to see significant revenues from its newest high-end condominium development in the Binondo district that is a key component of the property developer’s thrust to develop Manila’s Chinatown.
Tycoon Andrew Tan-led Megaworld Corp. has unveiled its tallest and most luxurious condominium property project to date – the 51-story Three Central property in Salcedo Village, Makati which brings about P4.2 billion worth of new inventory to the robust local residential property market.
The property development arm of the AMA Group is breaking into the Alabang property market with the launch of a 32-story contemporary condominium that brings to market P2.6 billion worth of residential inventory.
Taipan Andrew Tan-led Alliance Global Group Inc. (AGI) grew its core net income in the first half by 22 percent year on year to P5.73 billion, led by a double-digit expansion in earnings by real estate unit Megaworld Corp.
A new “town” is rising on Mactan Island, Cebu. Mactan Newtown, a commercial mixed-use complex on a 16-hectare property in Brgy. Mactan, Lapu-Lapu City, is the biggest project in the Visayas of giant property developer Megaworld Corp.
