ILOILO CITY – The Iloilo City Council has approved a 40 percent reduction in real property tax (RPT) for a two-year period. The Iloilo City Council approved this week the ordinance authored by Councilor Rex Marcus Sarabia that imposes 60 percent RPT payment for the years 2024 and 2025. THE Iloilo...
ILOILO CITY – In response to the clamor of the business sector, the Iloilo City government reduced real property tax (RPT) here by 40 percent for fiscal years 2024 and 2025. “This is in view of the many inquiries we are getting on the increase in RPT,” said Mayor Jerry Treñas here. THE...
Philippine tourism experienced a remarkable resurgence, largely driven by the resilience of domestic travel, according to a study by Leechiu Property Consultants LPC. “The strength of local tourism proved instrumental in mitigating potential challenges from international source markets, namely...
The property market proved its resilience as capital values across Metro Manila’s commercial districts sustained their levels throughout 2023 despite local and global headwinds. In a media presentation, Leechiu Property Consultants Inc. Senior Manager for Investment Sales Erika Manasan said some...
The Philippine residential condominium market marked its recovery in 2023, notably in Metro Manila, which saw a record of 40,555 units sold, according to Leechiu Property Consultants (LPC). LPC Director for Research and Consultancy Roy Amado Golez Jr. said, “the sector had reached its peak...
The Philippine office market registered an eight percent growth in aggregate demand this year to 1.07 million square meters of newly leased space. “The Philippine office market performed better than expected this year amid geopolitical uncertainties and looming fears that hybrid work will cause...
The Court of Tax Appeals (CTA) has denied the petition of the National Food Authority (NFA) which challenged the real property tax (RPT) imposed by the municipality of Shariff Aguak in Maguindanao. The NFA questioned the municipality's RPT assessment against it as it argued that it is a government...
The Philippine tourism sector may return to pre-pandemic levels amid the steady growth and recovery of international flights and tourist arrivals in the third quarter of 2023, but broad recovery may have to have to happen in 2024 yet, a property management and consultancy firm said. Leechiu...
The Philippine office property sector will continue to add up inventories until the end of the year as another 432,000 square meters of office stock is projected for completion in the last quarter, according to property and management consultancy firm Leechiu Property. Leechiu Property...
CEBU CITY – Bouncing back from the ill-effects of the Covid-19 pandemic, the property market is demonstrating a strong performance this year, an industry leader said. LEUTERIO (FB) Anthony Gerard Leuterio, founder of Filipino Homes, said the strong showing of the real estate industry is driven by...
The Negros Occidental Impact 2025 (NOI25) aims to help address the growing housing gap in the province. Throughout its continuing service to Filipino families in need of decent housing that has now spanned nearly four decades, Habitat for Humanity Philippines has touched the lives of millions...
Brittany Corporation was recognized as the Best Developer for Luzon by DOT Property Philippines Property Awards 2023. Brittany Corporation, the luxury leisure and residential arm of Vista Land & Lifescapes, Inc., further cements its reputation of being the preferred developer in Luzon after...
