Taxes and Title Transfer Process of Real Estate Properties This 2021

TAXES AND TITLE TRANSFER PROCESS OF REAL ESTATE PROPERTIES THIS 2021

You can skip the intro and scroll down to the Tax Chart. First time Philippine real estate buyer or seller? Yes? Then before we proceed let me first congratulate you on the sale! We're in a tough 2021 market right now and I'm happy that you made the deal push through. No? That's alright. I will still be happy to share with you this knowledge. I made this as a basic piece to hopefully guide you...

ParkTerracesPrice November 7, 2011 Sheet1

Historical Price: Park Terraces Nov 2011

If you're looking to buy or sell a unit at Park Terraces, a great list of historical prices that you could use for present-day market value comparison. You may download the PDF file here:Historical Price Park Terraces Price November 2011   NO TYPE AREA BALCONY P/SLOT UNIT PRICE P/SLOT...

empire east land holdings inc logo-1

EMPIRE EAST LAND HOLDINGS INC PROJECTS TURN-OVER DATES

Empire East Land Holdings, Inc., like Suntrust Properties, Inc. and Global-Estate Resorts, Inc. (GERI) is a subsidiary of Megaworld Coporation. It is a publicly traded company in the PSE with a market capitalization of ₱3,536,963,999.25 as of this writing (August 4, 2020). Below are the turn-over dates of most of their projects. TURN-OVER DATES EMPIRE EAST...

suntrust properties inc

SUNTRUST PROJECTS TURN-OVER DATES

Suntrust Properties, Inc., like Global-Estate Resorts, Inc. (GERI), is another subsidiary of Megaworld Corporation. Below are the turn-over dates of most of their projects. TURN-OVER DATES SUNTRUST PROJECTS LOCATION MANILA November , 2011 Adriatico Gardens Tower A Adriatico Street near Harrison Plaza & Century Park Hotel May , 2011 Adriatico Gardens Tower B Adriatico...

global estate resorts inc

GLOBAL-ESTATE RESORTS, INC. – GERI PROJECTS TURN-OVER DATES

Global-Estate Resorts, Inc. or more commonly known as GERI is a subsidiary of Megaworld Corp. Like its parent company, it develops gated communities, subdivisions, townhouses, golf course communities, condos, office-commercial buildings, industrial and resort communities. GERI also provide leasing services for its heavy-construction equipments. GERI is a publicly traded company in the PSE with a...

megaworld corp logo

MEGAWORLD PROJECTS TURN-OVER DATES

I've worked with Megaworld's International department in different capacities all through out my real estate career and I loved every single on of them. From an independent broker back in 2013, to a resource speaker and even going as far as an assistant country manager. I'm even the proud owner of this Megaworld watch! Pretty cool, huh? This 2020 though, I've settled to simply being a...

philippine real estate covid19 ecq gcq

WHAT IS HAPPENING IN PHILIPPINE REAL ESTATE THIS MAY 2020

If you have been out of the loop with the situation in real estate, here are some updates for you. Condo Ingress & Egress Restrictions, Right Or Wrong? Rockwell Makati has restricted real estate transactions like leasing in their buildings. Last Monday, May 18, we found out that at One Rockwell West, tenants cannot view units and landlords can’t show their own properties, impeding the brokers and...

DTI concession on residential commercial rent april 2020

DTI CONCESSIONS ON RESIDENTIAL & COMMERCIAL RENT APRIL 2020

This DTI Memo Circular No. 20-12, entitled "GUIDELINES ON THE CONCESSIONS ON RESIDENTIAL RENTS; COMMERCIAL RENTS OF MSMES" was issued by DTI Secretary Ramon M. Lopez last April 4, 2020. The memo states that all residential and commercial rent (of MSMEs) shall be given 30-days grace period. MSMEs are required to provide their lessor with a written request for the concession, accompanied by supporting...

safest business in a pandemic

SAFEST BUSINESS IN A PANDEMIC

As of March 16, 2020, the Philippines have recorded 259 Persons Under Investigation, 187 confirmed COVID-19 cases and 14 dead. These numbers are expected to grow in the coming days. You can use these websites to track the disease in real-time; COVID19PH.COM + COVID-19 PH Data. Inquirer.net reports “Land, domestic air, and domestic sea travel to and from Metro Manila will be suspended starting March...

One Serendra Condo For Lease

ONE SERENDRA TURN-OVER DATES

One Serendra is considered as the best and most high-end cluster of condominiums in the entire Bonifacio Global City. Considering its distance to the Manila International School (the most expensive school in the Philippines) and the top-notch security within the property grounds, One Serendra is the default choice of home for many multi-national company executives, International bankers and high-net worth...

PRC MANDATORY COMPLIANCE FOR AUTHORITY TO NEGOTIATE FOR SALE REAL ESTATE PROPERTY

MANDATORY COMPLIANCE FOR AUTHORITY TO NEGOTIATE FOR SALE OF REAL ESTATE/REAL PROPERTY

So, here we are. 10 years after the  Real Estate Service Act of 2009 (R.A. 9646) became law, we, the citizens of the Republic of the Philippines, finally have a memorandum from the government, requiring ALL real estate brokers to have a written Authority To Negotiate For Sale or Authority To Sell real estate properties. It took one decade, but its better late than never. Does this memorandum have...

DILG AGAINST ILLEGAL REAL ESTATE PRACTITIONERS IN GOV’T – MEMO CIR. NO. 2019-86

Great news to the industry! The Department of the Interior and Local Government has published Memorandum Circular Number  2019-86 last 04 June 2019, reiterating to all City Mayors, Municipal Mayors, Punong Barangay (Brgy. Captains), DILG Regional Directors, DILG Field Officers and all other government employees and officials about the strict implementation of Republic Act 9646 or The Real Estate Service...

PHILIPPINE REIT IRR

It's finally here! PhilStar has reported that Ayala Land has filed for a REIT company registration with the Securities and Exchange Commission. This is news is huge in terms of its potential impact; this signals the beginning of a new phase in the maturity of the Philippine real estate industry. Once Ayala Land succeeds in registering/converting as a REIT company, other real estate developers and...

THE CONDOMINIUM ACT OF THE PHILIPPINES, RA 4726

THE CONDOMINIUM ACT OF THE PHILIPPINES | R.A. NO. 4726

REPUBLIC ACT NO. 4726 AN ACT TO DEFINE CONDOMINIUM, ESTABLISH REQUIREMENTS FOR ITS CREATION, AND GOVERN ITS INCIDENTS. Sec. 1. The short title of this Act shall be "The Condominium Act". Sec. 2. A condominium is an interest in real property consisting of separate interest in a unit in a residential, industrial or commercial building and an undivided interest in common, directly or indirectly, in the...

PROPERTY REGISTRATION DECREE | PD 1529

PROPERTY REGISTRATION DECREE | PD 1529

PRESIDENTIAL DECREE No. 1529 AMENDING AND CODIFYING THE LAWS RELATIVE TO REGISTRATION OF PROPERTY AND FOR OTHER PURPOSES WHEREAS, there is a need to update the Land Registration Act and to codify the various laws relative to registration of property, in order to facilitate effective implementation of said laws; WHEREAS, to strengthen the Torrens system, it is deemed necessary to adopt safeguards to...

Provisions On Leases From The New Civil Code Of The Philippines

PROVISIONS ON LEASES FROM THE NEW CIVIL CODE OF THE PHILIPPINES

Commentary: This is the law that covers rentals or leases above ₱10,000 or those that are not covered by the Philippine Rent Law For Residential Units | Rent Control Act of 2009. If you're a would-be landlord, tenant or leasing manager, this is best resource to get up-to-speed with all the necessary knowledge on how to properly manage the rental/leasing venture. Remember, ignorantia legis neminem...

Rental Act of 2009

PHILIPPINE RENT LAW FOR RESIDENTIAL UNITS | RENT CONTROL ACT OF 2009

Commentary: I'm late to the party on this topic, but none the less, I'd like to contribute to the discussion. R.A. No. 9653 or Rent Control Act of 2009 is the law protecting residential tenants from unscrupulous landlords that raise rental fees to exorbitant amounts. One issue that I have regarding this law is the definition involving "Residential unit". According to this law, a residential unit is...

Maceda Law

BUYERS THAT CAN’T CONTINUE PAYMENTS ARE SAVED BY MACEDA LAW OR R.A. NO. 6552

Commentary: I received a distress call yesterday evening, 26 April 2018. A client of mine had a friend who could not anymore continue his monthly payment to the developer of a house that he purchased. He has already paid ₱500,000, but now he can't continue because of an unexpected situation. This client was asking for advice on what his friend should do and where his friend should go. I wasn't always...

NEWG Bitcoin Philippine Scam

BITCOIN, REAL ESTATE & THE ORDONIO SCAM

I have skin in the game (I have Bitcoin holdings, a good friend of mine is the top Bitcoin expert in Europe and I have plans to integrate Blockchain technology to one of our SaaS company), so I was itching to make this article. The recent ₱900,000,000 Bitcoin scam perpetrated by Arnel and Leonady Ordonio is both sickening and ludicrous. Sickening on one end as this scam leads to a lot of...

NTRC - Real Estate Investment Trust_ A Legal and Regulatory Analysis_

NTRC – REAL ESTATE INVESTMENT TRUST: A LEGAL AND REGULATORY ANALYSIS*

NTRC Tax Research Journal Vol. XXIX.6 November – December 2017 I. INTRODUCTION With the end view of democratizing wealth by allowing Filipinos from all walks of life to invest and participate in the ownership of income-generating real estate in the Philippines, Republic Act (RA) No. 9856 or the “Real Estate Investment Trust Law” (“REIT Law”) was passed by the Philippine legislature in 2009....

Philippine Real Estate Lead Generation

PHILIPPINE REAL ESTATE LEAD GENERATION: CONCEPTS

Carpe Diem! On the 7th of December 2017, I was given the great privilege to speak at the Megaworld International Sales Division’s annual event, which happened at their new high-tech office at the Alliance Global Tower in Bonifacio Global City. The event was a gathering of the top sales executives from the different countries where Megaworld deployed its sales force. Present were Filipino...

THE DANGERS OF REAL ESTATE LEAD GENERATION SITES THAT DABBLE IN BROKERAGE

There was an unidentified force that compelled me to write this article today. If you could see my previous write-ups, things have been sporadic, with my last article being published last September 20, 2017. On a digital marketing point of view, that exercise was, and still is, irresponsible, I know, but I couldn’t help it. I was either bored in completing an article or was too engrossed in doing some...

Bitcoin Blockchain Philippine Real Estate

BITCOIN & BLOCKCHAIN TECH FOR PHILIPPINE REAL ESTATE

This evening, I figured it is worth sharing with the TREGP readers and the Philippine real estate community about my personal opinion on the Bitcoin & Blockchain tech to real estate connection. In every public speaking engagement that I make, I always try to introduce Bitcoin. To get things started, history was made in Austin, Texas when a house was purchased purely via Bitcoin: First...

Lamudi Philippines Housing Fair 2017

PROTECTION AGAINST FAILED CONSTRUCTION OF A CONDO

Yesterday, 15th of July 2017, I was given the opportunity to speak in Lamudi’s Housing Fair conducted at the Glorrieta Activity Center. I shared my thoughts and knowledge about the pre-selling market and how potential investors can take advantage of condo developments at this particular phase. It was fun discussing how and why a pre-selling condo  is considered as “concrete gold” and how it...

Ayala Land Premier Garden Towers

PRESIDENTIAL DECREE NO. 957 – SUBDIVISION AND CONDOMINIUM BUYER’S PROTECTIVE DECREE

PRESIDENTIAL DECREE NO. 957 Subdivision and Condominium buyer's Protective Decree (as amended by P.D. 1216) REGULATING THE SALE OF SUBDIVISION LOTS AND CONDOMINIUMS, PROVIDING PENALTIES FOR VIOLATIONS THEREOF WHEREAS, it is the policy of the State to afford its inhabitants the requirements of decent human settlement and to provide them with ample opportunities for improving their quality of...

GUIDELINES: DETERMINE IF A PROPERTY IS A CAPITAL OR ORDINARY ASSET

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City December 27, 2002 REVENUE REGULATIONS NO. 7-2003 SUBJECT: Providing the Guidelines in Determining Whether a Particular Real Property is a Capital Asset or an Ordinary Asset Pursuant to Section 39(A)(1) of the National Internal Revenue Code of 1997 for Purposes of Imposing the Capital Gains Tax under Sections...

Philippine Licensed Real Estate Broker

IMPLEMENTING THE TAX PROVISIONS OF THE REIT ACT OF 2009

BIR REVENUE REGULATIONS NO. 13-2011 SECTION 1. Scope. — Pursuant to the provisions of Sections 244 and 245 of the National Internal Revenue Code (NIRC) of 1997, as amended, in relation to Section 22 of Republic Act No. 9856 (Act) otherwise known as the “Real Estate Investment Trust Act of 2009,” these Revenue Regulations are hereby promulgated to implement the tax provisions of the Act. SECTION...

Makati BGC Condos For Sale

REAL ESTATE INVESTMENT TRUST ACT OF 2009 | REPUBLIC ACT NO. 9856

Republic of the Philippines SECURITIES AND EXCHANGE COMMISSION SEC Building, EDSA, Greenhills Mandaluyong City IMPLEMENTING RULES AND REGULATIONS OF THE REAL ESTATE INVESTMENT TRUST (REIT) ACT OF 2009 Pursuant to Section 22 of Republic Act No. 9856, An Act Providing the Legal Framework for Real Estate Investment Trust, the following Implementing Rules and Regulations are hereby promulgated. Rule 1 -...

Condos Houses For Rent Makati BGC Ortigas

PHILIPPINES REAL ESTATE INVESTMENT TRUSTS (P-REITS)

Brief History REITs was created in 1960 under the government of US President Dwight Eisenhower. In comparison, the first formal Stock Exchange was established in Amsterdam in 1602. That makes REITs relatively young at 57 years old, the same age as our previous president, Nonoy Aquino, while the Stock Exchange is already 415 years old. To put things in perspective, the great Filipino hero, Jose...

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