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After POGO withdrawal, the Philippine office market warms up for the first time: vacancy rate to drop below 20%

After POGO withdrawal, the Philippine office market warms up for the first time: vacancy rate to drop below 20%

The Philippine office market is at a turning point. Following the government's comprehensive ban on Philippine Offshore Gaming Operators (POGO), the Manila commercial real estate market is undergoing structural adjustments. Latest industry data shows that traditional industries are rapidly filling t

25like·0comment05-11
After the massive evacuation of POGO, Manila apartment rents plummet to a 15-year low.

After the massive evacuation of POGO, Manila apartment rents plummet to a 15-year low.

Due to a surge in the supply of mid-range apartments and the withdrawal of gaming operators (POGOs), rental prices in Manila have fallen to their lowest level in 15 years. Real estate experts point out that this not only poses challenges for landlords but also provides a rare opportunity for potenti

26like·0comment03-31
Li Duan Wang: From "Twenty-Four Brother" to a Prominent Figure in the Philippine Business Community

Li Duan Wang: From "Twenty-Four Brother" to a Prominent Figure in the Philippine Business Community

Wang Liduan, a name that resonates like thunder in the Filipino-Chinese community and the gambling industry in the Philippines. As the boss of Jiuding Group and the helmsman of Pan-Asia Package Network, he has a vast industrial map in the Philippines, involving gambling, real estate, hotels, and oth

31like·0comment03-20
Landowner on Las Vegas Strip leases empty plot for millions each year

Landowner on Las Vegas Strip leases empty plot for millions each year

It’s the easiest job in Las Vegas — sitting back and collecting big rent checks on empty land.The Elardi family, former owners of the long-ago-demolished Frontier hotel on the Strip, still own a 16-acre chunk of the site and have leased it to a succession of developers for more than two decades.The

26like·0comment03-18
New Resorts World Las Vegas CEO: Greater focus on South Asia visitors, pop culture

New Resorts World Las Vegas CEO: Greater focus on South Asia visitors, pop culture

The new CEO of Resorts World Las Vegas touted the future of the north end of the Strip and suggested ways the city can be more successful. Two of those are luring untapped visitors from South Asia, and maintaining the Strip’s cultural relevance.Alex Dixon made his comments to business and real estat

21like·0comment02-24
The vacancy rate of office buildings in the Philippines has risen to 19.9%, experts say: the POGO ban is not the only main reason.

The vacancy rate of office buildings in the Philippines has risen to 19.9%, experts say: the POGO ban is not the only main reason.

According to the latest "Real Estate Market Monitoring Report" released by the real estate services company CBRE, the vacancy rate of office buildings in Manila will climb to 19.9% in 2024, equivalent to nearly 1.8 million square meters of available office space. Among them, 51% are vacated units, a

22like·0comment01-30
The Ministry of Finance announced the auction of state-owned assets, with Star City becoming the focus. Netizens question whether it involves confiscated POGO assets.

The Ministry of Finance announced the auction of state-owned assets, with Star City becoming the focus. Netizens question whether it involves confiscated POGO assets.

In order to generate revenue, has the Philippine government started to sell off land assets confiscated from POGO?On January 22, Philippine Finance Minister Ralph G. Recto revealed significant news: the government will auction off some state-owned assets, mainly including land, residential, and comm

28like·0comment01-23
Start taking action! The Philippine government plans to thoroughly inspect and confiscate the assets of Chinese nationals!

Start taking action! The Philippine government plans to thoroughly inspect and confiscate the assets of Chinese nationals!

The Office of the Solicitor General of the Philippines announced that after the deadline set by President Ferdinand Marcos for the complete ban on Philippine Offshore Gaming Operators (POGO) by the end of 2024, the national legal team will initiate a detailed inventory and handling of the assets of

25like·1comment01-04
Nevada: Tahoe Biltmore main building is still standing

Nevada: Tahoe Biltmore main building is still standing

Lake Tahoe is famous for its clear blue waters and beautiful, natural surroundings. But along its north shore, visitors are treated to another sight: a boarded-up casino.The Tahoe Biltmore, closed since 2022, is slated to be demolished and replaced with the Waldorf Astoria Lake Tahoe, a $730 million

0like·0comment2024-10-21
Nevada: Lake Tahoe estate built by casino mogul Steve Wynn just set a sales record

Nevada: Lake Tahoe estate built by casino mogul Steve Wynn just set a sales record

An estate built by casino mogul Steve Wynn has just set a record for the most expensive property ever sold on Lake Tahoe, according to Christine Perry, listing agent with Christies International Real Estate Sereno.The stunning waterfront home on five acres, known as Old Forge, is surrounded by old g

0like·0comment2024-10-14
Steve Wynn Lowers Price of NYC Penthouse after No Buyer Is Found

Steve Wynn Lowers Price of NYC Penthouse after No Buyer Is Found

Steve Wynn Lowers Price of NYC Penthouse after No Buyer Is FoundBillionaire and casino mogul Steve Wynn has been trying to sell a luxurious penthouse in New York City. However, since no buyer has been found yet, the businessman was forced to lower the price by some $20 million.Steve Wynn Failed to S

0like·0comment2024-10-07

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