Financing a Condo Purchase
One of the hardest parts of buying a condo is finding the money for it. Condo units can be very expensive, and ones located in cities like Makati sell for almost double the price of similar units elsewhere. Not everyone who wants to purchase a condo can muster up the cash required within a short…
FTI Land Sale: Probably Not This Year
The government probably isn’t going to be able to sell the land owned by Food Terminals, Inc. There’s simply no interest in buying the 103-hectare property. The Arroyo government tried to sell it last year for P13 billion, but that plan didn’t work out. This piece of Philippine real estate is probably worth that much,…
Online Apartment Listings
The Philippine real estate market is vast, can potentially confuse those unfamiliar with it, and has a lot more going for it than most people would suspect. There are a lot of apartments and condos out there and not all of them will have signs advertising their availability. In some of the best places, the…
Residential Demand Props Up Filinvest Profit
Filinvest Land, long a giant in Philippine real estate, remains profitable, as its earnings from January to June this year rose to P998 million. Apparently, home sales are fueling the firm’s latest success. In fact, this part of the company’s business grew by 28 percent—not a poor showing, especially when you consider the rough times…
Income Tax Holidays for Philippine Real Estate
Philippine real estate companies are still going to be enjoying tax holidays and other tax breaks. Mass housing won’t be affected by the government’s strategy to lessen incentives to raise tax collection and the budget. This development comes on the heels of a plan to shelve a few incentives in the 2011 Investment Priorities Plan….
Condo Buying For Folks with Bad Credit
Money lies at the heart of all attempts at buying a condo. When it comes to real estate, the amount of cash the average person can carry around without looking uncomfortable and conspicuous is not enough. To buy almost anything on the Philippine real estate market, one needs to have a credit line. Given that…
Vista Land Sees Growth in Philippine Real Estate
Manny Villar’s Vista Land, most famous for its flagship residential homebuilding unit Camella Homes, is on the rise once again. With most of its profits coming from overseas Filipino workers, the company has decided to expand to the provinces, and is sparing no expense in doing so. These provinces are sure to benefit from the…
Pag-IBIG Fund On a Roll with Loan Programs
Owning a house in Philippine real estate has never been easier. The Pag-IBIG Fund, the Philippine government’s top housing loan program, released over P20 billion during the first six months of 2010. That money was earmarked for the construction of different houses across the Philippines, and it’s been helpful for many Filipinos seeking to own…
What to Do With Extra Properties
Ownership, they say, is nine-tenths of the law. This is simply because something in human nature inspires them to keep acquiring more, not necessarily having any real idea what to do with it. In Philippine real estate, this is also a possible scenario. Some have two properties when they only need one. Thankfully, as with…
Ayala Land Inc. Earns More Thanks to Residential Real Estate
Philippine real estate giant Ayala Land, Inc. got a boost from its residential real estate business with the release of its second-quarter earnings. Officials said that the company got P2.51 billion in profit from January to June of this year, which is more than 30 percent higher than its profits during the same period in…
