Tourism will bounce back South wing facade Experts agree that, while the travel industry has been dealt a heavy blow by COVID-19, trips both local and abroad will become easier again. Among the hopeful predictions, particularly in Europe, is the emergence of a relatively new demographic whom the...
The office rental rates in Metro Clark in Pampanga will slightly go down next year amid the expected turnover of 280,000 square meters (sqm) of new spaces, an official from the real estate consultancy firm JLL Philippines said. In a virtual briefing on Tuesday, Ian Perez, director for capital...
Real estate agency Santos Knight Frank is this year's best real estate agency in the Philippines, according to the prestigious Asia Pacific Property Awards. A statement said that Santos Knight Frank won in the Asia Pacific Awards categories of “Best Real Estate Agency (Single Office),” “Best...
The Department of Finance (DOF) expects revenues from real property tax (RPT) would accelerate as local government units (LGUs) enhance their digital tools to strengthen local property valuation and tax collections. In a statement, Finance Secretary Carlos G. Dominguez III said on Tuesday, June 22,...
The Muntinlupa City government has extended until the end of the month the redemption of real properties it acquired. According to City Ordinance 2021-206, the redemption of real properties the city government acquired and which were included in the public auction sale in 2014, 2015, 2016, and 2017...
AVANT GARDENER Yvette Tan A farmer friend posted a meme of a sign on a farm that said in Tagalog: “Visitors are coming! Lock up your plants!” Something a lot of farmers deal with that isn’t talked about a lot is petty theft. We’re not talking about sacks of produce or fertilizer or a bunch...
Business groups have urged Senate to pass immediately the Real Property Valuation and Assessment Reform Act, the Package 3 of the Duterte administration’s Comprehensive Tax Reform Program (CTRP). “We declare our strong support for the immediate passage of the Real Property Valuation and...
The Philippines has acceded to the Beijing Treaty on Audiovisual Performances (BTAP), a development seen to strengthen the protection of Filipinos performers’ intellectual property (IP) rights in a digital age of globalization. Intellectual Property Office of the Philippines (IPOPHL) Director...
Except for industrial and logistics, the lone growth driver and the Philippines new sunshine industry, the country’s property market across most asset classes are in a far worse situation this year than last year with rising vacancy rates and potential sell-offs if not closures of some hotels....
The worst is over for the Philippine property market due to various favorable factors, although the projected office space take-up remained low at 380,000 square meters only or 70 percent lower than the 1.9 million sqm recorded in 2019, according to the country’s leading property and management...
For the first time in the reporting of the Bangko Sentral ng Pilipinas’ (BSP) Residential Real Estate Price Index (RREPI), residential property prices fell in the third quarter by 0.4 percent year-on-year due to weak demand brought on by the COVID-19 pandemic. On a quarter-on-quarter basis, RREPI...
Real estate giant SM Development Corporation (SMDC) brought home several awards at the 8th PropertyGuru Awards, including the most coveted Best Developer—a testament to its standards of excellence in real estate development. The awards ceremony was held virtually Nov. 25. The awards is...
