Real estate brokerage company Leechiu Property Consultants Inc. (LPC) said growth has been seen in the country’s real estate sector despite climbing interest rates. The brokerage company, founded by real estate adviser David Leechiu, shared in its third quarter Philippine Property Market Briefing...
LIMA Water, a business unit of Aboitiz InfraCapital (AIC) , has turned to solar technology for the energy requirements of the sewage treatment plant 2 (STP-2) for its water facility that is catering to the needs of LIMA Estate, an economic and industrial zone in Lipa-Malvar, Batangas that is...
Aboitiz Construction, the development arm of the Aboitiz Group, has started building the 72.2 hectare LIMA Estate in Batangas and aims to complete the project by 2025. The firm said in a statement that, “once completed, this will help accommodate new businesses in the area and generate thousands...
The Department of Finance (DOF) has highlighted the significant contribution of real estate investment trusts (REITs) to the country's economic recovery and infrastructure modernization. Finance Secretary Benjamin E. Diokno said that REIT investments are playing a vital role in fueling property...
The Bureau of Internal Revenue (BIR) said heirs of deceased individuals can benefit from the estate tax amnesty program without incurring fines or penalties. They will also be shielded from criminal, civil, and administrative legal actions for late estate tax filings and payments, as...
The Bureau of Internal Revenue (BIR) has issued updated regulations for the new estate tax amnesty program to benefit more than one million heirs of the deceased. Finance Secretary Benjamin E. Diokno issued Revenue Regulations No. 10-2023 to implement these changes prescribed by Republic Act (RA)...
CEBU CITY – A timely release of licenses for real estate salespersons will help get rid of “colorum” salespersons. CHRIS Malazarte, national president of the Accredited Real Estate Salespersons, raises a point during a consultative meeting with the Department of Human Settlements and Urban...
Senator Christopher “Bong” Go said the responsibility of both the government and the private sector is crucial to the success and growth of the Philippine real estate industry. Sen. Christopher "Bong" Go at the Accredited Real Estate Salespersons of the Philippines Inc. event at...
CEBU CITY – An organization of accredited real estate salespersons assured that it will work closely with the Department of Human Settlements and Urban Development (DHSUD) to prevent the proliferation of “colorum” real estate developers and unlicensed agents across the country. ANTHONY...
The government stands to earn additional revenues of about P6.15-billion from the Estate Tax Amnesty bill that has already lapsed into law without the signature of President Ferdinand “Bongbong” Marcos Jr. Sen. Sherwin Gatchalian, chairman of the Senate Committee on Ways and Means,...
House Speaker Martin Romualdez (Speaker’s office) Republic Act (RA) No.11956 or the Estate Tax Amnesty Extension Law will give Filipinos a much needed opportunity to settle their estate tax obligations. Thus, said House Speaker Martin Romualdez Wednesday, Aug. 9...
A measure extending the deadline of the estate tax amnesty until June 2025 has lapsed into law, without the signature of President Ferdinand "Bongbong" Marcos Jr. The bill lapsed into law on Aug. 5, 2023. Republic Act No. 11956, also known as the "Tax Amnesty Act" extends the period of availment of...
