AGP Executive Report
Last update: 7 hours agoPhilippines Property Refund Ruling: The Supreme Court says property buyers can get refunds when developers fail to issue a contract to sell after initial payments made through sales agents, upholding an order for Empire East Holdings to return P130,000. Mortgage & Housing Finance Moves: North America Home Finance received CSE approval to start an NCIB for its Series 1 non-voting preferred “Housing Shares,” while China announced revised housing provident fund rules to expand withdrawals and broaden coverage from Sept. 20. China Evergrande Fallout: A court sentenced Evergrande founder Hui Ka Yan to life in prison for fraud and bribery, a major milestone in the ongoing property crisis. Housing Policy on the Ground: Mira-Bhayandar approved restrictions banning goat rearing and sacrificial slaughter in housing societies, with fines for violations. Development Permits & Local Supply: Nanaimo council issued a permit for a mixed-use project with 17 homes on Diver Lake, including apartments and office space. Real Estate Tech & Operations: Drones-as-a-service is speeding up land surveying for mapping and 3D modeling, with real estate developers among the key potential users. Market Signals: Reports highlight tighter conditions for buyers and rising pressure in rental searches, including pet-related hurdles.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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