Philippine Real Estate

Megaworld Corporation allots P17B for 2010 capital expenditures

Property developer Megaworld Corporation, in a disclosure to the Philippine Stock Exchange, announced that it has P17 billion for its capital expenditures this 2010.

In the same disclosure, the real estate firm also reported that its group of companies has P15 billion worth of real estate projects under the Megaworld, Empire East and Suntrust brands in the first five months of 2010.

Megaworld Corporation also generated P11.4 billion during the five-month period from strong sales of residential projects in its Eastwood City, McKinley Hill and Newport City townships, along with Manhattan Garden City.

While sister companies, Empire East and Suntrust, posted combined sales of P3.6 billion during the same period for their ongoing housing projects.

Megaworld is a pioneering developer of integrated live-work-play-learn communities in the country.

To date, it has six township developments under way in the most strategic locations in Metro Manila, in addition to several luxury residential condominium projects in the heart of the Makati central business district. Read more…

Highland Prime Inc. Philippines reports real estate sales of P1.1B for 2009

Highland Prime, Inc. (HPI), in its disclosure to the Philippine Stock Exchange, announced that it has netted P1.1 billion in real estate sales for 2009, or 32 percent higher than the figures posted in 2008.

The company attributed its strong growth to the completion of Hillside and Woodridge Place, units of which are 88 percent and 96 percent sold respectively, as of end 2009.

Pueblo Real, which is 28 percent sold and 67 percent complete also contributed to revenues.

Gross profit of P251.2 million is 24 percent lower than that of last year as cost of sales rose by 68 percent to P846.7 million considering that HPI has been selling more condominium units than houses and lots.

Net income after tax amounted to P24.0 million, lower than the previous year’s P183.7 million resulting mainly from the adjustment to cost of land in its Tagaytay property and one-time expenses related to the acquisition of its Canlubang property. Read more…

Vista Land & Lifescapes, Inc reports core net income of P2.6B for 2009

Property developer Vista Land & Lifescapes, Inc., in its disclosure to the Philippine Stock Exchange, reported that its audited financial core net income for 2009 amounted to P2.6 billion.

It also reported that its recorded revenue from real estate sales of P9.6 billion in 2009.

“2009, as expected, was a tough year, but in spite of a very challenging market environment, we were able to achieve our financial targets. The company’s strategy was to continue to focus on the affordable and low-end market segments, resulting in particularly strong growth from Camella Homes and Communities Philippines,” Vista Land senior vice president for finance Ricardo B. Tan, Jr. said.

Vista Land is the holding company of five business units, Brittany, Crown Asia, Camella Homes, Communities Philippines and Vista Residences. Read more…

Get Online Real Estate Agents For Risk-free and Effective Property Outsourcing

One of the most frequent questions individuals ask when dealing with real property proceedings is whether Online Estate Agents are essential or not. For others, they picture them as incremental expenses and may opt not to require their services. Yet, it is not the purchaser that pays them, rather it is the vender.

 For the marketer, they will aid in the prompt sale of their belongings. It will be lighter for the purchasers to know which properties to consider buying because they would already know which are for sale.

It is totally based on how soon you want to purchase or have a property sold that determines whether hiring Online Estate Agents is necessary or not. Online Estate Agents are really assistive when you need that the transaction be accomplished promptly.

The following matter to examine is where to find trusted Online Estate Agents. Asking for referrals from our relatives, friends and even colleagues is a sound means to do this.

This is what most individuals perform because referrals are already verified whether they can effectively deliver or not. One dependable source for referrals are loaners. They certainly would know which agents are highly recommended and those who are not because of their experience and associations. Read more…

Mississauga Real Estate Agent

Buying or selling a house can sometimes be a costly experience, especially without an experienced real estate agent. A Mississauga real estate agent with plenty of experience could end up saving you thousands of your hard earned dollars on closing day , so it’s authoritative to find the one to suit your needs best .

Now this is much easier said than done. What should we looking for in a good estate agent? Well, in the city of Mississauga and it’s surrounding metro area, there is no shortage of real estate agents. There is no shortage of good ones either, provided you know what to look for . Primarily , you should be looking for experience in selling the type of home that you have or are looking for. availableness to the right types of buyers or sellers is of critical importance as well .

For example, if you are selling a home and a friend recommends a real estate agent he/she thought did wonders for them . Well, perhaps your friend was selling a condo and that real estate agent specializes in luxury condos. That’s all great; however, you might be selling a house , a five bedroom house for a large family . In this case, perchance that real estate agent, no matter how great he is – is probably not the best candidate to sell your home. Read more…

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