Two Cebu firms tie up for P5B cebu condominium project

TWO Cebuano-owned companies have partnered for a major condominium project that will add 556 high-end units in the market. Cebuana Lhuillier of the PJ Lhuillier Group and MSY Holdings, Inc., the Salimbangon-Yeungs’ property developer arm, have partnered to create Diamond Hiland, Inc. As their pilot project, Diamond Hiland, Inc. will put in P4.9 billion for

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New real estate firm confident Cebu condominium project will do well

WHILE still a new player in the real estate industry, RCAB Properties Inc said it is optimistic that its newly-launched condominium, Trillium Residences, will sell well among Cebuanos, tourists and investors. In an interview with its president Romeo Ang during the launching of Trillium last week at the Cebu Parklane Hotel, he said the architecture,

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More Japanese firms seen moving from China to PH

MANILA, Philippines – More Japanese companies are expected to move their manufacturing operations from China and Vietnam to the Philippines, according to a property consultant. CBRE Philippines chairman Rick Santos said there’s a resurgence of the industrial sector in the Philippines, with more manufacturing companies coming in. “We’ve seen a lot of Japanese companies coming

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Philippines has displaced Indonesia as Asean economic leader

MANILA – The Philippines is now Asean’s undisputed economic leader, according to Standard & Poor’s (S&P). “The Philippines, which Standard & Poor’s recently upgraded to investment grade, has taken over the Asean growth leadership role from Indonesia,” S&P Asia Pacific chief economist Paul Gruenwald said in a new report released Monday. Gruenwald said the Philippine

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