Philippines Real Estate News
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Philippines Real Estate News |
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Armed forces remain loyal to Philippine leader
Manila - The armed forces remain loyal to Philippine President Gloria Macapagal Arroyo despite accusations her office gave cash gifts to congressmen and local officials to ensure support for her scandal-tainted government, a senior official said Thursday.
Zoom to invest $100 mn in Philippines for condominiums
Real estate firm Zoom Developers on Monday said it would invest 100 million dollar to develop 15 lakh sq ft condominiums in Philippines. "We have proposed a capital outlay of $100 million for construction of 600 condominiums in Forbes park area," Zoom Developers CEO Rumneek Bawa said in a statement.
Philippines elections chief quits
The head of the Philippines elections commission has resigned amid allegations of his involvement in a high profile bribery scandal. Benjamin Abalos announced his decision on Monday after allegations surfaced that he tried to bribe a cabinet official and a businessman to secure a broadband contract with a Chinese company.
Philippine Condotels as an investment
In the Philippines it?s not just that condos are comparatively cheaper and relatively more easy to maintain than a single-family home. In recent years, they?ve become the prime residential real estate investment and the best may be yet to come says Beth Collingz, International Sales Director, PLC International, the lead marketing partners for Pacific Concord Properties Inc?s Lancaster Brand of Condo Hotels.
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