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.A blog of the latest real estate news, information and properties in the Philippines. Filipinos or not, use this as a guide on how to make make a real estate purchase or rental in the Philippines. We will also feature real estate properties worth checking out. Properties like Alabang, Fort Bonifacio Global City, Makati, Ayala Alabang, Laguna, Tagaytay, Batangas, and Boracay.
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Better known as RESA law, the Real Estate Service Act of the Philippines (Republic Act 9646), wasinstituted to professionalize and regulate the real estate practice in thecountry. This RESA law has been signed into lawby President Gloria Macapagal-Arroyo last June 29, 2009. With so many unscrupulous persons around dealing in realestate, I think this law will provide the change that is needed to professionalizethe industry. The Professional Regulation Board (PRC) has been tasked to implementthis act. Some professionals under the PRC are the doctors, nurses, teachers, accountants, to name a few. With PRC at the helm, colorum real estate practioners will be a thing of the past hopefully. Toelevate the standards of the practitioners in the industry, future would-be real estate brokers will have to take a Bachelor’s course in Real Estate atan accredited university in the country. So many changes but for the good of the industry and the public. It provides them the necessary protection. To read articles about RESA, click here : http://www.realestateseminarandreview.com/archives/resa-irr-full-text/
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The Grove By Rockwell , Ortigas Central Business District - Announcing Rockwell Grove, a 36 sq. m., 1 bath, 1 bdrm apartment. Now P2,900,000 PHP - up to P15M. Property information
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Fort Bonifacio - Global City, Taguig - For Sale - W Tower Condo, a 54 sq. m., 2 bath, 1 bdrm bi-level "Condominium". Now P6,200,000 PHP - P135,780 (6/20/2010). Property information
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East Tower @ One Serendra , Taguig - Announcing One Serendra - East Tower, a 87 sq. m., 1 bath, 1 bdrm apartment. Now $12,800,000 PHP - . Property information
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West Tower at One Serendra - Announcing One Serendra - West Tower, a 66 sq. m., 1 bath, 1 bdrm apartment "condominium". Now P9,047,000 PHP - up to P69.79M w/o EVAT. Property informationPublishPublish
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Rockwell Edades , Rockwell - Announcing Rockwell's new project- Rockwell Edades, a 62 sq. m., 1 bath, 1 bdrm apartment. Now $8,193,300 PHP - . Property information
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Haven't you noticed? A lot of Filipinos are travelling nowadays. - not just outside the country but to the provinces as well. A good sign for our local tourism. More money circulating. More locals with work. New places discovered. No need to travel abroad just to have a relaxing vacation. With the demand for local tourism, expect tourism-related business to increase . This is where real estate comes in. According to CREBA, (Chamber of Real Estate Builders Association) sixty (60%) percent of the real estate in the country is tourism-related. These real estate-based projects include leisure, entertainment, business and vacation facilities and aenities, such as hotels, resorts, theme parks, retirement communities conference, exhibition and convention centers, and wellness and medical centers for a growing global medical tourism market. Still the number of tourists in the Philippines pales in comparison to other Asian countries like Thailand, Singapore, Malaysia and Indonesia. With the awareness now of how our tourism contributes to the economy of our country, it is time to build tourism related projects that are globally competitive. One cannot depend on the government to do everything. The private sector has to take the initiative to achieve this. I think we ought to make our own contribution here. How? Get into a tourism business. To start we have to find a place for that business. For listings, check out http://www.phil-realestate-choices.com Read this inspiring article from the Philippine Star by Roger Garcia: http://www.philstar.com/Article.aspx?articleId=568855&publicationSubCategoryId=76
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Read an interesting development in Boracay yesterday. San Miguel Corp. has now a 51% stake in the Caticlan International Airport Development Corporation, which is of the consortium led by businessman George Yang. who are the people responsible in the development and operations of the Caticlan Airport, the first privatized airport in the Philippines. With this development, we will see a modern airport soon, Expect more business going on in Boracay.. See article written by Doris Dumlao of Philippine Daily Inquirer below: SMC takes over Caticlan airport project
Acquires firm with 25-year concession deal By Doris Dumlao
Philippine Daily Inquirer
First Posted 21:40:00 04/12/2010
Filed Under: Economy and Business and Finance, Company Information, Mergers - Acquisitions - Takeovers, Air Transport
MANILA, Philippines--Diversifying San Miguel Corp. has signed a deal to take over the country’s first privatized airport development project—the modernization of the Caticlan airport, gateway to the world-famous Boracay Island. San Miguel told the Philippine Stock Exchange Monday that its subsidiary, San Miguel Holdings Corp., has executed a share-sale purchase agreement to initially acquire a majority interest in Caticlan International Airport Development Corp. (CIADC). The conglomerate is coming in as the strategic partner of the consortium of businessmen George Yang, Rafael Puno, Lino Barte and RPRP Ventures Management and Development Corp. CIADC holds the exclusive rights, obligations and privileges to finance, design, construct, operate and maintain the Caticlan Airport by virtue of a concession agreement dated June 22, 2009, with the Department of Transportation and Communications and the Civil Aviation Authority. Closing of the agreement is subject to certain conditions and an appropriate disclosure would be made upon satisfaction of such conditions, the San Miguel disclosure added. The Inquirer earlier reported that SMC was buying a 51-percent stake in the Yang-led consortium, which will modernize and operate the Caticlan airport under a 25-year concession arrangement with the government. The project is in line with San Miguel’s diversification into the infrastructure business and its recent foray intoleisure estate development in Boracay. “This is a good project. They can make Boracay like aBali (famous beach site in Indonesia). What is really needed in Boracay is a good airport,” said Joseph Roxas, president of Eagle Equities Inc. The modernization of the Caticlan airport alone is worth about P2.5 billion, based on the framework approved by the National Economic and Development Authority. It involves the construction of a bigger airport passenger terminal, extension of the existing runway from 950 meters to 2,100 meters, improvement of the road network and upgrading of airport facilities and air traffic control aids. The proponents have also committed to build other support utilities, install fire-fighting equipment, and construct a diversion road. The project is based on a build-rehabilitate-operate-transfer agreement. CIADC has up to seven years to build and expand the airport and 25 years to operate the facilities. All revenues will go to CIADC except for earnings from the operation and maintenance of navigation systems, which will go to the DOTC. The project also has a commercial component that entails the development of a 16-hectare property beside the airport. The peripheral project is estimated to cost P10 billion. The modernization work on the Caticlan airport started last January. Once finished, airfares to Boracay are expected to be more competitive since airlines can use bigger aircraft with more seating capacity. San Miguel also announced earlier its interest to take part in a consortium that is bidding for the right to modernize the Clark International Airport. |
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boutique hotel for sale • 228 sq. m., 6 bath, 6 bdrm 3 story "2 units on each floor" - $15,000,000 PHP - $325,000 (12/17/2009) Boracay Island, Boracay - If you are planning to retire in Boracay and want to own a good business with great income potential, then Azul Boutique Hotel is your answer. This boutique hotel has six (6) units available for lease. Daily rate is PHP 3,500 or $75 per night (Peak Season). PHP2,000 or $43 Low Season. It comprises three units with 2 twin size bed each and three units with queen size bed each. Each unit comes with aircon, refrigerator, TV, mini kitchen and toilet and bath. Great potential income, especially now that the there is a big increase in tourists arrivals in Boracay. See article: http://infocenbalita.blogspot.com/2009_10_01_archive.html
This newly opened boutique hotel is located in Station 1. This is where you can find the more isolated accommodations, offering peace and quiet to those looking for a respite from the usual action-packed Boracay night scene. These are usually for the more upscale vacationers.
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Boracay is a tropical island located approximately 315km (200 miles) south of Manila and 2km off the northwest tip of the island of Panay in the Western Visayas region of the Philippines. It is one of the country's most popular tourist destinations. The island comprises the barangays of Manoc-Manoc, Balabag, and Yapak (3 of the 17 barangays which make up the municipality of Malay), and is under the administrative control of the Philippine Tourism Authority in coordination with the Provincial.
For viewing pleasure, click on the "virtual tour" on the left side.
My email: chonae2004@yahoo.com Cellphone: +639175201055
Property information
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 • lot / land "also house and lot package available" - $12,400 PHP - /sqm up to 17,000/sqm Eton City , Sta Rosa Laguna - South Lake Village is the first phase of Eton City. It is a village with a 150-hectare residential enclave featuring a 35-hectare lake and 18 one-hectare islands. It is the first-of-its-kind residential development in the Philippines. Inspired by famous lakeside communities overseas such as the Palm Island and Jumeirah both in Dubai, Lake Las Vegas in Nevada, and Foster in California, to name a few, South Lake Village at Eton City has made cosmopolitan island living in the Philippines a reality.
Expected Project Completion: Dec 31, 2011
Total Land Area: 783,315 square meters
Island Lots: 178 lots
Lakeside Lots 104 lots
Lake Village Lots 124 Lots
Commercial Strips
Amenities:
Village Clubhouse, Swimming Pool, Picnic and Barbecue Area, Parks and Playground
Features:
35 Hectare lake, Linear parks along the river, 24 hour security, Road lined Perimeter, Water Reservoir, Underground Utilities, Internet and Cable TV Ready
Masterplanned after the known projects like Palm Island in Dubai, Jumeirah in Dubai, Lake Las Vegas in Nevada, and Foster City in California.
About Eton City:
Eton City is the flagship horizontal project of Eton Properties Philippines, Inc., Located in Sta. Rosa, Laguna and is envisioned to be the new Makati of the South. With an area of close to 1,000 hectares, it is a never-before-seen development that is carefully masterplanned to provide its residents a complete city lifestyle in a nature-rich setting. Located on the Asia Brewery (Eton City) - Greenfield Exit, This full-scale mixed-use township project will provide residential enclaves, a world-class business district, and a broad range of commercial and resort-style recreation facilities. Property information
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Happy New Year everyone! I gotta a feeling! As a popular song goes. It's going to be a good good year! Yes! 2010 seems very promising. In my last post, I mentioned that there has been a lot of closing in real estate transactions in the last quarter of 2009. Although no figures from the local government has been released yet regarding this, I can just say I haven't seen a tremendous amount of movement in sales for such a long long time. Caution to the sellers though. Don't start increasing your real estate price right away. Only properties priced correctly have a faster chance of being sold. Buyers view a lot of properties so they can compare and analyze if you are overpricing your real estate. I suggest you look around the area and see how much others are selling, only then would you know the correct price for your property. Always ask the help of a real estate professional. Choose someone you can trust and who can give you a good service.
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It seems there have been an increased demand of properties sold in the south area, especially in Alabang and Paranaque towards the end of this 2009. Brokers, who I have talked to, agrees. There have been so many closing lately. In the Ayala Alabang area, it is now hard to find lots for sale at old prices but buyers are still buying. A profile view of the buyers will show that they are mostly end-users. Either they work here or have their own businesses. Money is circulating. A good sign. It shows that our economy has not been affected by the global crisis. Perhaps one of the main reasons that the people are buying properties is due to the construction of the Skyway along South Luzon Expressway. It might cost traffic temporarily, but after it is done, land prices are expected to increase due to higher demand. Buyer who can't afford Makati will now look at the south area for properties to buy because costs are lesser plus you get newer houses. Browsing the internet, I came across an article written last June 2009 - about the tollway projects being done right now. The plan is to connect South Luzon Expressway and North Expressway. That's good news! The basic needs and services reaching the people will be faster. So expect more progress for the Philippines. And with progress, a continuous growth of the economy for the Philippines. This is the article about tollways: http://services.inquirer.net/print/print.php?article_id=20090614-210418:
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 • 350 sq. m., 3 bath, 4 bdrm 2 story - P22.500,000 PHP - $426,000 (Aug 9, 2009) Ayala Alabang House for Sale - A high ceiling modern contemporary with 4 bedroom 3 toilet and bath, den and swimming pool. House is 10 years old but very well maintained. Property information
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 • 600 sq. m., 5 bath, 4 bdrm 3 story - P35,000,000 Ayala Alabang, Muntinlupa City - a 3 level Asian tropical house built in an elevated lot. The house gives a relaxed indoor and outdoor flow. A winding staircase serve as the main attraction of the house. Master's bathroom will take your breath away. Property information
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I read an interesting article today and I think this is great news for the Philippines. They will be building an international airport in Boracay soon. What is interesting is that this is a private sector initiative (a group composed of Europeans and Asians). This just shows you how popular Boracay is around the world. Great news indeed! See article below from the Philippine Star:
Construction of airport to Boracay starts soon
By Delon Porcalla (philstar.com) Updated August 22, 2009 12:00 AM |
MANILA, Philippines - The construction of the P3-billion modern international airport in a small island near Romblon province – dubbed as the best and nearest alternative to the overcrowded resort island of Boracay – would start soon, local officials said. Romblon officials led by Rep. Eleandro Jesus Madrona and Gov. Natalio Beltran III said the groundbreaking of the Carabao Island International Airport (CIIA) would start next month. Madrona said the construction of the modern international airport, expected to be fully operational by 2012, is a private-sector initiative. Investors from Europe, Japan, South Korea and Taiwan have earlier expressed interest in the island as an alternate site for their investments. The site is located in San Jose town, an island in Romblon that can be reached by a 15-minute boat ride from Boracay. San Jose, just a 30-minute flight away from Manila, is a carabao-shaped island. The proposed world-class airport project, when completed, can accommodate Airbuses planes and other similar huge aircraft. Madrona said the CIIA could be an alternate to the existing airports in Tugdan, Alcantara in Tablas Island in Romblon, Kalibo and Caticlan in Aklan, which foreign and domestic tourists use in going to Boracay. Caticlan airport has been closed recently for renovation. San Jose town Mayor Fil Tandog said the island is like Boracay with white sand beaches and crystal-clear waters ideal for diving. Tandog said the island, popularly known as Isla de Carabao, is four times bigger than Boracay. Tandog revealed that several foreign investors from Taiwan, Korea, Japan and US have already visited his town and signified their intention to invest in the island to put up hotels, restaurants, golf courses, resorts and other modern amenities. With the signified investments, prices of prime property in the municipality went up from P150 per square meter to as much as P500. Beachfront rates, on the other hand, are much higher – ranging from P4,000 to P5,000 per square meter. Real estate in San Jose is much cheaper compared to Boracay because properties in the virgin island are virtually unoccupied and owned by original settlers who have been residing in the area for years. Members of the provincial board in Romblon led by Fred Dorado hailed President Arroyo for taking the initiative to put the region in the country’s tourism map. Dorado assured foreign and local investors that they would enact a measure to lower the taxes in the province. The construction of the airport is expected to generate entrepreneurial opportunities and new jobs, thereby increasing economic activities for the people of the municipality, including the remaining 14 towns of the province, officials said. Beltran added the airport in Carabao Island will provide steady jobs and income for all the residents where fishing and farming remain the main sources of livelihood.
If you are interested in buying a business in Boracay, I have this new boutique hotel for sale. Just Click here: http://www.phil-realestate-choices.com/Boracay/Metro_Manila/Other/Boracay/Boracay_Island/Agent/Listing_2247853.html
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