Shang Properties Expands Real Estate Portfolio

Shang Properties Inc.’s (PSE: SHNG) subsidiary Shang Property Developers Inc. has agreed with Asian Plaza Inc. (API) and Asian Plaza I Condominium Corp. (APICC) to acquire API’s and APICC’s real properties consisting of a condominium project including building and parcels of land located at the corner of Gil Puyat Avenue, Tordesillas Street, H.V. dela Costa […]
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Vista Land Leads Analysts’ Property Stock Picks for 2011

Vista Land and Lifescapes Inc. (PSE: VLL), the country’s largest publicly listed homebuilder, is the top investment choice in the property sector for 2011 of Leo Venezuela, AsiaMoney’s number one ranked property analyst in the Philippines. AsiaMoney magazine’s 2010 broker’s poll ranked Leo Venezuela as the country’s top property analyst and Alfred Dy as the […]
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Filinvest Land 2010 Net Income Up 46%

Filinvest Land Inc. (PSE: FLI) has announced a net income of PhP2.952 billion for 2010, up 46% from 2009, driven by the increase in total revenues of Php8.246 billion, which grew 45% from the previous year’s PhP5.684 billion. The bulk of revenues were from real estate sales, which amounted to PhP5.652 billion, 54% higher than […]
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Ayala 2010 Net Income Up 37%

Ayala Corp. (PSE: AC) has reported net income of PhP11.2 billion in 2010, up 37% YoY. Its real estate, banking, water, and auto business all posted record earnings during the year, which cushioned lower earnings of its telecom and electronics manufacturing units. Earnings were boosted by a PhP3.6 billion net gain due to the revaluation of […]
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PH Stocks Falter, Down 0.39%

Manila–(PHStocks)–Local shares on the main board Philippine Stock Exchange index (PSEi) slid 0.39% to close trading day Friday at 3,851.24 points, while the all-share index dropped 0.17% to 2,976.47 points. On sectoral performance, only the Mining & Oil and Industrial indices posted slight growth, at 0.16% and 0.08%, respectively. The Property and Financials sectors, meanwhile, […]
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Vista Land to Launch 7 Residential Condo Projects in 1Q

Publicly-listed Vista Land and Lifescapes Inc. (PSE: VLL), the country’s largest homebuilder, recently announced plans to launch seven residential condominium developments within the first quarter of 2011, most of which will be in the Metro Manila area under its flagship Camella brand. Six of the planned projects identified will be 5-10 storey Mid-rise Buildings or […]
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PH Bank Lending Up 8.9% in December

Total outstanding loans of commercial banks, net of banks’ reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas (BSP), continued to expand in December 2010 by 8.9%, broadly similar to the previous month’s expansion of 9%. Bank lending inclusive of RRPs grew at a slower rate of 8.9% from an expansion of 10.3% in […]
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Ayala Land Posts 35% Net Income Growth

Ayala Land Inc. (PSE: ALI) has posted a net income of PhP5.46 billion for 2010, up 35% from the PhP4.04 billion recorded in the previous year. The Company’s fourth quarter net income of PhP1.52 billion was also a record for core quarterly earnings, representing the seventh straight quarters of positive earnings growth. Unaudited consolidated revenues […]
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