Real Estate
US housing market creaks to life
WASHINGTON - The huge, depressed US housing market is showing signs of a turnaround, raising hopes that one of the biggest barriers to the economy's recovery may be finally swept away.
Century Properties Q1 profit surges 310%
MANILA, Philippines - As its residential properties continued to sell like hotcakes, real estate developer Century Properties saw its net income surge 310% to P453.5 million for the first three months of 2012 versus P110.5 million during the same period last year.
Ayala Land says bond sale to reach P15B, profit up
Ayala Land Inc. President Antonino Aquino said its ongoing bond sale will reach the P15 billion maximum and that first-quarter sales are up. Interview with Coco Alcuaz.
'US home of Corona's daughter not luxurious'
Natunton ng ABS-CBN North America Bureau ang bahay na pag-aari ng anak ni Chief Justice Renato Corona sa California, USA. Naging kontrobersyal ang nasabing bahay matapos na maungkat ito sa impeachment trial ni Corona. Exclusive, nagpa-Patrol, North America Bureau Chief Nadia Trinidad. TV Patrol, Abril 11, 2012, Miyerkules
Villar's Vista Land posts 17% growth in 2011 profit
MANILA, Philippines - Record high sales lifted Vista Land & Lifescapes Inc.'s earnings by 17 per cent to P3.53 billion in 2011 from P3.01 billion the previous year, the property firm controlled by the family of Sen. Manuel Villar announced Wednesday.
Anchor Land allots P4.5B for 2012 capex
MANILA, Philippines - Binondo-based upscale property developer Anchor Land Holdings Inc. has earmarked P4.5 billion for capital expenditures this year as it plans to launch six new projects.
Ayala Land to double spending to 'Make it Makati'
Ayala Land plans to spend P60 billion in Makati over 5 years, double what it spent in the previous five, to keep and improve the city's position as the "front door" for investors and develop the former Santa Ana racetrack into an entertainment district. Coco Alcuaz reports.
Prosecution: CJ using kids to hide assets
MANILA, Philippines - The daughter and son-in-law of Chief Justice Renato Corona were able to acquire P43.5 million worth of properties from 2003 to 2010 despite failing to show any proof of income to explain such purchases, House prosecutors said on Monday.