By Philippine Daily Inquirer

ROBINSONS Land Corp. said it would merge the operations of its three wholly owned real estate units — Robinsons Homes Inc., Trion Homes Development Corp., and Manila Midtown Hotels and Land Corp. — and fold them into the parent company.

It said the merger would “integrate administrative processes and eliminate the duplication of functions” among the three units and increase overall financial strength and credit standing.

The merger will be presented for approval at the annual meeting of stockholders in April, it said.

Robinsons Land operates shopping centers, high-rise residential condominiums and townhouses, mid- to low-cost housing and subdivisions, office buildings and hotels. It has 20 malls, 22 residential condominium buildings, five office buildings, 26 housing and land development projects and three hotels. Edited by INQUIRER.net

HMM, is this the wave of the future? You’ve got to admit, the tricycle home is a novel idea

Check out the Reuters video.

By Doris Dumlao
Philippine Daily Inquirer

THE PHILIPPINE property sector may be close to hitting the peak of a post-Asian-crisis cycle, as analysts expect robust demand to extend for about two to three more years.

Analysts and bankers said low interest rates and big demand from end-users were supporting appetite for real estate — the exact opposite of the situation 10 years ago when people were buying real estate on speculation that prices would rise further.

“I think we’re closer to the top” of the cycle, said Michael Manuel, chief investment officer of Sun Life of Canada (Philippines) Inc. “A lot of things are going on in the property market, but if you look at the supply that’s being built now, I think come 2009 and 2010, we’ll probably see some kind of peaking.”

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By Philippine Daily Inquirer

PROPERTY developer Vista Land & Lifescapes Inc. hopes to generate as much as P50 billion in sales this year with the launch of 40 projects, company president Benjamarie Serrano said.

“We are seeing a pre-1997 [property] boom without the speculation,” Serrano said.

She expected sales to continue to come from overseas Filipino workers, who account for more than half of Vista Land’s buyers.

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CHECK out this video taken by INQUIRER.net multimedia reporter Erika Tapalla, who interviewed Tierra Maria Estates spokesperson and award-winning actress Chin-Chin Gutierrez.

Online Videos by Veoh.com

An advocate for the environment, Chin-Chin was named one of Time magazine’s “Asian Heroes” in 2003.

Tierra Maria Estates, a residential farm subdivision in Lipa City, Batangas, is being touted as an ecological haven and environment-friendly real estate project.