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Banks increase exposure to real property sector

BANKS lent out more funds to the real property sector as of June, although growth slowed from the previous quarter as interest rates climbed. The post Banks increase exposure to real property sector appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineSep 11th, 2018

Banks’ exposure to property sector grows

BANKS hiked their exposure to the volatile property sector to breach the P2-trillion mark as of end-September as both real estate lending and investments surged, according to latest central bank data. Total real estate exposure reached P2.006 trillion in the nine months to September, according to the Bangko Sentral ng Pilipinas (BSP). The amount is […] The post Banks’ exposure to property sector grows appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 10th, 2017

Bank exposure to property rises in 2016

BANKS raised their exposure to the property sector in 2016, according to preliminary data the Bangko Sentral ng Pilipinas (BSP) released on Monday that bared double-digit increases in loans and real estate investments that were nevertheless deemed “manageable.”.....»»

Category: newsSource:  bworldonlineRelated NewsMar 13th, 2017

Front Page: Bank exposure to property rises in 2016

BANKS raised their exposure to the property sector in 2016, according to preliminary data the Bangko Sentral ng Pilipinas (BSP) released on Monday that bared double-digit increases in loans and real estate investments that were nevertheless deemed "manageable.".....»»

Category: financeSource:  bworldonlineRelated NewsMar 13th, 2017

Finance: Banks' real estate exposure rises as credit demand remains strong

BANKS LENT OUT more funds to the volatile real estate sector by a fifth during the third quarter, marked by increases for both consumers and property developers, preliminary central bank data showed......»»

Category: financeSource:  bworldonlineRelated NewsNov 15th, 2016

Bank lending for real estate up 16% to P1.8 T last year

MANILA, Philippines — The exposure of Philippine banks to the volatile real estate sector remained above 20 percent of their total loan portfolio in 2017 as.....»»

Category: financeSource:  philstarRelated NewsMar 8th, 2018

Growth of banks’ real estate loans cools

By Melissa Luz T. Lopez Senior Reporter BANKS handed out more loans for real estate in 2017, although growth eased from the preceding year as the Bangko Sentral ng Pilipinas (BSP) tightened its watch on the sector. Philippine banks had P2.078 trillion in total real estate exposure as of end-December, 14.7% more than the P1.812 […] The post Growth of banks’ real estate loans cools appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 8th, 2018

BSP sets rules on closer real estate watch

THE BANGKO SENTRAL ng Pilipinas (BSP) is tightening its watch on real estate loans from rural banks as part of a lookout for bubbles forming in the sector. The new rules under Circular 976, issued on Oct. 10, also clarified that lending for public infrastructure projects is not covered by the 20% real estate exposure […] The post BSP sets rules on closer real estate watch appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 16th, 2017

Banks stay heavy on real estate loans

MANILA, Philippines - The real estate exposure of Philippine banks continued to stay above 20 percent amid strong property loans and investments, data from t.....»»

Category: financeSource:  philstarRelated NewsMar 18th, 2017

Bank loans to property sector rising

BANKS handed out more loans to the real estate sector as of June from a year ago as credits for both housing and commercial property rose by a fifth, according to data the Bangko Sentral ng Pilipinas (BSP) released last weekend......»»

Category: newsSource:  bworldonlineRelated NewsSep 25th, 2016

Recognizing the best in the real estate sector

Lamudi concludes The Outlook 2018: Philippine Buyers’ Choice Property Awards The Philippine real estate sector continued to exhibit a steady growth in recent years. The confluence of economic forces has driven this upward trend, which shows no signs of slowing down. It is apparent that there is a constant effort from the local property developers […].....»»

Category: newsSource:  bworldonlineRelated NewsNov 29th, 2018

Banks grow realty risk at slower clip

BIG BANKS still have room to expand real estate lending as latest exposure levels remain well below the 20% limit set by the Bangko Sentral ng Pilipinas (BSP), with credit growth slowing from a year ago......»»

Category: newsSource:  bworldonlineRelated NewsOct 30th, 2018

Quezon City lawmakers move to suspend realty tax hike

CITING the country’s currently high inflation rate, Quezon City councilors have filed a measure that will suspend until after 2019, an election year, implementation of a hefty increase in real property tax that has been cleared by the Supreme Court to proceed......»»

Category: financeSource:  bworldonlineRelated NewsOct 26th, 2018

Banks’ real estate loans slide 20% in June 2018

The exposure of the Philippine banking industry in the volatile real estate sector eased as of end-June, falling below 20 percent of their loan book for the first time in three years, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsSep 11th, 2018

LOST REVENUES: Capitol revises fair market value of properties after 14 years

By Francis Allan L. Angelo and Herchelle Anne Cabarga THE Iloilo provincial government has revised its Schedule of Fair Market Value (SFMV) after 14 years. The new SFMV, which took effect in 2018, is projected to increase the province’s revenues from Real Property Taxes by 50 percent. But before the revision, the province is projected […] The post LOST REVENUES: Capitol revises fair market value of properties after 14 years appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsJul 29th, 2018

Filinvest net income rises 27%

FILINVEST Development Corp. (FDC) delivered a 27% increase in its net income attributable to the parent for the first quarter of 2018, driven mainly by its property unit and investments in the hospitality and leisure sector. In a regulatory filing, the Gotianun-led holding firm said it booked an attributable profit of P1.95 billion in the […] The post Filinvest net income rises 27% appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 16th, 2018

What may end HK property boom? Here are the triggers

HONG KONG property companies such as Sun Hung Kai Properties Ltd. and CK Asset Holdings Ltd. are bracing for the first increase in the city’s prime rate in more than a decade. A higher prime rate, which sets the upper limits on mortgages, could damp surging housing prices in the world’s least-affordable real estate market. […] The post What may end HK property boom? Here are the triggers appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 14th, 2018

Megaworld, Robinsons Land post double-digit Q1 growth

PROPERTY firms in the country registered double-digit growth for the first quarter of 2018, buoyed by the generally positive prospects of the real estate industry. Andrew L. Tan-led Megaworld Corp. posted an 11.3% increase in net income attributable to the parent to P3.2 billion during the first three months of the year, it said in […] The post Megaworld, Robinsons Land post double-digit Q1 growth appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 9th, 2018

Anchor Land net profit hits P620M

ANCHOR Land Holdings, Inc. reported an 11% increase in profit in 2017, driven by higher real estate sales and increased rental income. In a regulatory filing, Anchor Land said its net income stood at P620.05 million as of end-2017, compared to the previous year’s P559.76 million. The property developer’s revenues jumped 25% to P6.01 billion […] The post Anchor Land net profit hits P620M appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 2nd, 2018

Tarlac grants amnesty to realty taxpayers

TARLAC CITY: The city council here passed an ordinance granting amnesty to real property taxes (RPT) payers with delinquency from previous years up to December 31, 2017. City Ordinance No. 030-17 cedes an amnesty on surcharges, penalties and interest on RPT to increase the city government’s revenues and to facilitate the collection of taxes without… link: Tarlac grants amnesty to realty taxpayers.....»»

Category: newsSource:  manilainformerRelated NewsJan 11th, 2018

Office demand from offshore gaming firms to slow this year

By Arra B. Francia, Reporter TRADITIONAL OFFICES and the information technology-business process management (IT-BPM) sector will drive demand for office spaces in 2018, as expansion of offshore gaming companies are expected to slow due to stricter government regulations. This is according to real estate consulting firm Pronove Tai International Property Consultants, which said traditional offices […] The post Office demand from offshore gaming firms to slow this year appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 10th, 2018