Real Estate News

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…

Why Buyers Are Rushing To Buy Canadian Real Estate

The Canadian real estate market has been exposed to decline over the past few years primarily due to the recession. In 2008, Canadian workers lost 415,000 jobs and in 2009, 91,000 of those positions were replaced.

The drop in the housing market is in part because of increasing unemployment numbers in Canada. A surge of 0.9 percent in job opportunities is predicted in 2010, and in 2011, an increase 0.18 percent is expected.

In 2010, the unemployment percentage is forecast to rise to about 8.4 percent. The housing market may also be affected by population growth.

More square footage is frequently required as families add new members to the family. Young, growing families are frequently good prospects in real estate. The birth rate has been somewhat lower than normal. This translates into less housing desire.

Current studies indicate that there may be some signs of the market recovering in 2010 and 2011. Experts foresee that the real estate sphere could possibly increase to almost 190,000 units in 2010. Read more…

Strong Growth Makes Mississauga Real Estate more profitable

While much of the housing sphere has undergone a severe retraction corresponding to the worldwide economic wane, Mississauga residential real estate sector is enjoying a relatively prosperous year} In light of the precipitately and unexpected deflation of the worldwide economic market, the relatively strong performance of the Mississauga residential real estate market can be seen as something of a great and unforeseen surprise.

Sales of condominiums and existing homes are up this year The percentage of existing homes and condominiums that have been sold is up from the previous year. In fact, the number of transactions may just set a new all time high as one of the greatest sales year on record If the growth persist, 2009 may become the highest recorded sales year to date. The average cost for an existing home in Mississauga was $388,417 in September of 2009 In September 2009, Mississauga’s average existing home cost was $388,417.

What do these robust sales have to say about the area as a whole Is there something about the region that is creating such healthy sales numbers? Is shopper confidence finally rebounding? Perhaps consumers are at last beginning to feel more comfortable about spending. Are people once again having faith in the notion that a property is a solid and worthwhile investment? Or, even better yet, maybe real estate is regaining its reputation as a dependable investment. Read more…

Few Changes To The MLS System

The MLS (Multiple Listing Service) System has been in place since the end of the 1800s. The CREA (Canadian Real Estate Association) and the NAR (National Association of Realtors) were the original founders of the MLS System, and to this day only their members can make use of it. When one broker is given the opportunity to sell a property, he then notifies other realtors who are part of the MLS System to market the house as well.

In return, the other brokers help the lister sell the home by giving it more publicity, and get a commission for their work. The changes to marketing and advertising has created somewhat of a disagreement between the NAR and the CREA. There has been much discussion as to how efficient the MLS System really is in the real estate market.

The internet is now a valuable tool to home sellers and property buyers. The internet allows the seller to list their real estate and have it seen by buyers who are looking for real estate at no extra cost to them but there are still a lot of purchasers who might be searching for homes in Mississauga and go to search engines and search the termMississauga MLS listings. Read more…

Manila Condo Unit For Sale Fort Bonifacio Infinity Studio 37SQM With 1Park Rush

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Surrounded by a perfect blend of business and commercial estblishments, The INFINITY is infinite and Beyond.

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The Infinity offers a style of living unlike any other. A unique mix of retail and commercial estabilshment, as well as luxury residential unit, marked by world-class interiors and umparalleled amenities. This is your sanctuary. The INFINITY is all you need and more.

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A spa for those who want to be at peace. A fitness center for those who strive hard. A pool for those who want to relax and unwind. A club lounge for those who want to socialize.

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Vista Land and Lifescapes Inc. to invest P9.5B in Northern Mindanao

Economic boom continues to spur in Northern Mindanao frontier city of Cagayan de Oro and other areas in the region as a housing firm is set to construct P9.5-billion housing units.

Vista Land and Lifescapes Inc. (VALI) is also planning to establish real estate and other housing units at various areas in Northern Mindanao, particularly in the key cities of the region.

VALI’s investment in the region is expected to bring more tax revenues, income and employment generation to this already progressing region, especially in this region’s capital city. Read more…