Cebu Holdings to invest in more estate development, leasing portfolio in next five years

Irene R. Sino Cruz 04/14/2020

CEBU CITY— Cebu Holdings Inc. is planning to invest in additional real estate development and increase its leasing portfolio in the next five years. CHI president Aniceto Bisnar Jr. made the announcement during the annual stockholders meeting…

Labella: Ironman will bring income to Cebu City’s businesses

Delta Dyrecka Letigio 08/09/2019

CEBU CITY, Philippines — Cebuanos are waiting for the one of the biggest triathlon race in the country, the Regent Aguila Ironman 70.3, traversing three of the major cities in the island: Cebu, Lapu-Lapu, Mandaue, and Talisay…

Cebu City assures Landbank: We will pay SRP loan

Delta Dyrecka Letigio 07/30/2019

CEBU CITY, Philippines — The Cebu City government promised the Land Bank of the Philippines (LBP) that the city would pay off the P1.7 billion standing balance left of its P4.65 billion loan from the Japan International…

COA tells Mandaue City to dispose P14-million ‘unserviceable’ properties

Rosalie O. Abatayo 07/28/2019

CEBU CITY, Philippines — The Commission on Audit has asked the city government of Mandaue to create a Disposal and Appraisal Committee for the disposal of the at least P14 million worth of unserviceable equipment and vehicles.…

Withdrawal of declaratory relief petition on SRP lot sale to consortium mulled

Delta Dyrecka Letigio 07/12/2019

CEBU CITY, Philippines — The Cebu City Legal office is considering withdrawing from court the request of the previous administration to void the sale of the 45-hectare South Road Properties (SRP) to the SM-Ayala Consortium. According to…

Barug dad on petition for declaratory relief on SRP lot sale: Bound to fail

Delta Dyrecka Letigio 06/06/2019

CEBU CITY, Philippines — Partido Barug outgoing Councilor Joel Garganera said the Cebu City Legal Office filing a petition for declaratory relief to declare as void the Negotiated Sales on Installment executed on the South Road Properties…

PEZA to undergo facelift with the construction of Mahi by AppleOne Properties, Inc.

PR 04/01/2019

April 3, 2019 (Cebu, PHILIPPINES)—On March 20, property developer AppleOne Properties, Inc. (API) broke ground in the Mactan Export Zone (MEZ) 1, Lapu-Lapu City, Cebu to signal the construction of the Philippines’ first integrated complex in an export processing…

AppleOne launches IT center in Lapu-Lapu City; Marriott’s Fairfield Inn and Suites to rise in the area

Cris Evert Lato-Ruffolo 03/20/2019

LAPU-LAPU CITY, Philippines — Cebu-based development company, AppleOne Properties Inc. (API), has embarked on another groundbreaking project with the launching of an information technology (IT) center located within the Mactan Export Processing Zone (MEPZ) 1 in Lapu-Lapu…

Cebu developer to invest in Bohol housing project

Irene R. Sino Cruz 03/16/2019

CEBU CITY, Philippines—Cebu-based real estate developer Lite Properties Corporation is investing in another housing project in Bohol, this time in the town of Corella. “This is going to be our biggest project. This is a landmark project…

Sinas plans to turn over drug suspect’s houses and lots, condo, cars to Anti-Money Laundering Council

Benjie B. Talisic 03/03/2019

CONSOLACION, Cebu —The police will request the the Anti-Money Laundering Council (AMLC) to investigate how arrested drug suspect Jocelyn Encila acquired her properties. They are also working on how these properties, which are likely ill-gotten wealth, be…

Cebu City receives P1B from Filinvest’s JVA’s 10th year share for SRP dev’t

Delta Dyrecka Letigio 02/15/2019

CEBU CITY, Philippines—The Cebu City government received P1 billion from Filinvest Land Inc. for the 10th year of their Join-Venture Agreement (JVA) to develop a 40-hectare property at the South Road Properties (SRP) which was inked in…

Developers try to temper Chinese investments in Cebu properties

Jose Santino S. Bunachita 12/20/2018

The continued boom of Cebu’s real estate industry is attracting not just local but also foreign buyers of residential properties in different areas of the province. Among the biggest potential buying market are Chinese nationals, who are…

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