Ayala Land Inc. said yesterday it is starting to see the recovery of the high-end property market as reflected by a resurgence in reservation sales from March to May.

The Housing and Urban Development Coordinating Council (HUDCC) and the Home Development Mutual Fund (Pag-IBIG Fund) announced Thursday that the Fund is offering penalty condonation to delinquent companies or employers.

THE Supreme Court has drastically cut the compensation that the Philippine Ports Authority must pay to the owners of 185 lots in Batangas City that were expropriated for a port expansion project in 2001.

THE Supreme Court has ordered the Philippine Ports Authority (PPA) to immediately pay at a substantially reduced amount the 231 persons whose lots and properties were expropriated eight years ago to give way for the development of the second phase of the Batangas Port Zone.

THE GOVERNMENT has annulled a contract with a Japanese consortium for the development of a property in Tokyo after discovering fraud.

A P60-billion reclamation project in Manila Bay will add at least 160 hectares of prime space to Navotas City to spur economic activity in this coastal section of the metropolis.

BAGUIO CITY — Members of the Presidential Decree (PD) 1271 validation committee chaired by former Justice Secretary Raul M. Gonzalez have petitioned the Supreme Court (SC) to reverse a Court of Appeals (CA) ruling which declared as legal expanded land titles in various barangays in this mountain resort city.

SINGAPORE, June 22 (Reuters) – LaSalle Investment Management said on Monday it has $3 billion available for investing in Asian real estate and is ready to re-enter the market after nine months on the sidelines, focusing initially on Japan and Australia.