Category: News

DoubleDragon raises $75 million from bonds

MANILA, Philippines — DoubleDragon Properties Corp., the listed property firm owned by Edgar “Injap” Sia and Tony Tan Caktiong, has successfully raised $75 million through the issuance of new five-year dollar bonds. The bonds issued by DoubleDragon’s subsidiary DDPC Worldwide Pte. Ltd. are now listed at the Singapore Exchange Securities Trading Ltd. The fresh funds raised […]

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Mass housing developer 8990 Holdings reported a net income of P1.32 billion in the first quarter, up 12% from the previous year on higher sales.

Revenue climbed 15% to P3.46 billion as sales in the National Capital Region, Bacolod and Davao went up. Sales reservation jumped 48% to 3,457 units. Gross Income likewise increased to P1.9 billion from P1,68 billion. Glam Residences Performing Accounts Ratio (PAR) for its in-house CTS accounts, an indicator of collection efficiency, remained at 94% with […]

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Industrial, office segments to lead real estate recovery

MANILA, Philippines — The industrial or logistics and office segments are expected to lead the recovery of the country’s property sector amid the coronavirus disease 2019 (COVID-19) pandemic, real estate services firm Colliers International Philippines said. Light 2 Residences Joey Bondoc, senior manager for research at Colliers International Philippines, said in a webinar the logistics […]

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