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Property sales start to recover — Ayala

Friday, 26 June 2009 01:57

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.

BPI thrift unit cuts interest rates to boost home-lending business

Thursday, 21 May 2009 23:48

BPI Family Savings Bank said it is cutting its housing loan interest rate to boost its lending business this year.

Alfonso Salcedo Jr., BPI Family president said its real estate lending business would mainly drive the bank’s loan portfolio, which is expected to grow by 10 percent to 15 percent this year.

Real estate woes harm banks’ cleanup bid

Friday, 01 May 2009 02:42

BANKS may have a hard time cleaning up their balance sheets this year as a weaker real estate sector would make it difficult for them to dispose of their bad assets, industry officials yesterday said.

Construction material prices shoot up

Thursday, 23 April 2009 11:06

PRICES of construction materials in Metro Manila rose by double digits in March, the National Statistics Office said. The agency said the construction materials wholesale price index grew 15.7 percent year-on-year last month from 5.5 percent in the same period last year. However, the March up tick was slower than the 17.1 percent seen in February this year.

Housing loan growth expected to slow this year

Wednesday, 18 March 2009 00:35

BANKS’ housing loan business may slow this year, as Filipinos based abroad, wary of the impact of the crisis on their finances, become cautious on their spending, a top bank executive said.