COMMERCIAL lease rates in Cebu City’s information technology (IT) park remain the same amid rising demand for office spaces.

The developer of Asiatown IT Park, Cebu Property Ventures and Development Corp. also disclosed that it has not made any price adjustments to its rental rates as well. 

TO cope with rising energy costs, 70 percent of hotels and other accommodation establishments in Cebu City are contemplating to raise rates.

But Marco Protacio, president of the Hotel, Resort and Restaurant Association of Cebu (HRRAC), said hotels in Cebu City cannot easily increase rates as the market here is “price sensitive.”
 

A REAL estate cycle study indicates a definite relationship between real estate and general business activity—the principal difference being the greater peak intensity of real estate booms and depressions and the longer years, i.e., the span of the cycle.

As a rule, the downward swing of the real estate cycle precedes that of the general business recession and lags beyond the period of general business recovery. 

WITH the unveiling of its official logo, the latest hotel and resort development in Maribago, Lapu-Lapu City opened its doors to investors who want to own a vacation home and enjoy a five-star hotel lifestyle.

Philippine BXT Corp. (PhilBXT), developer of Imperial Palace Waterpark Resort and Spa, announced last Saturday that it is now ready to accept applications to purchase condo-hotel units at the resort project.

TO MEET the demand of homebuyers looking for spaces near their places of work, the Filinvest Land continues to build homes and poured in a total of P15 billion in capital expenditures for the southern part of the country this year.

Tristan Las Marias disclosed this to Davao business reporters during a familiarization tour at Kembali Coast, a high-end resort residential project that Filinvest is building in Barangay San Isidro in the Island Garden City of Samal.