Cebu Affordable Properties

25/06/2017

UNDER CONSTRUCTION high rise towers in Cebu this 2017.

It will dominate the Cebu cityscape 2 to 3 years from now.

06/06/2017

#2: The Philippines

"High-rise condominiums in the nation’s capital of Manila remain overvalued. These are often marketed toward foreigners and their supply is at a dangerous level.

But there’s much more opportunity for landed properties, such as villas and townhomes, in the Philippines. Values are still reasonable in some cities. However, buying real estate in the country is a good idea because of its future potential – not low prices in the present.

The Philippines is one of the densest countries in the region. Over 100 million people live on the archipelago. Combine this with rapid population increase and the highest economic growth rate in Southeast Asia.

What’s the result? Far more people will compete for increasingly less land over the long-term.

It’s not quite that simple. Foreigners in the Philippines can own houses themselves, but are barred from buying the land it sits on.

There’s a few ways around this problem. Barriers to entry are a good thing if you’re willing to break through them – they help keep others out.

The most common route is to form a Philippine company. Businesses can own land if foreign ownership is below a 40% threshold. There’s methods of structuring the company to ensure you nonetheless keep control of the firm.

Other than that, land can be leased for up to a 50 year period. This is extendable for another 20 years."

Want to buy property offshore but aren't sure where to start? Here are the three best places to buy real estate in Asia.

29/05/2017

How to Transfer a Land Title?

For many, the joys of acquiring a new property can easily be spoiled by the hassles of title transfer.
What does one do when the title of the property newly acquired is still under the previous owner’s name?
How to transfer a land title in the Philippines?

So, basically there are five steps:

1.) Gather all requirements (documents)
You have to secure all the documents from the Register of Deeds, Municipal or Provincial Assessor Office, and BIR (Bureau of Internal Revenue). What are these documents?
*Certified copy of Title
*Certified copy of Tax Declaration

2.) Assess and Pay Taxes
After gathering all the requirements, you have to secure the computation of the following taxes:
Capital Gain Taxes (from the BIR)
Documentary Stamp Taxes (from the BIR)
Transfer Tax (from the Municipal or Provincial Assessor’s Office)
After you get the computation of the taxes, you have to pay it through the banks for Capital Gain Tax and Documentary Tax.
For the Transfer Tax, you have to pay it to the Municipal or Provincial Assessor.

3.) Process and Get the BIR Clearance
After payment of taxes, you have to go back to the BIR. You have to submit the documents (requirements) and file for the issuance of Certificate Authorizing Registration (CAR).

4.) Process the Transfer of Title
After you get the CAR from the BIR, you need to file or submit this to the Register of Deeds. You need to get the assessment of the registration fees. After that, you need to pay it. And then you have to wait until the transfer of title is processed.

5.) Transfer of Tax Declaration
So after you get the title, you have to go back to the Municipal or Provincial Assessor to file for the application of the transfer of Tax Declaration.
The whole process normally takes around two to three months to complete. As you can see, these tasks are bit complicated. It’s very tedious and time consuming.

22/05/2017

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Check your PhilHealth Contribution online by registering your account through Philhealth website, this step-by-step instruction will help you on the process.

04/05/2017

02/05/2017

By Definition A Clean Title means: Unencumbered or unrestricted legal ownership that is free from doubt as to its validity. The phrase implies that property is not subject to claims by anyone but the person holding the title. It is also called marketable title, or title that can be easily transferre...

04/03/2017

7 Things You Need To Know About Cebu-Cordova Expressway Link (CCLEX)

Spanning 8.25 kilometers, CCLEX - atoll bridge facility that's set to rise in Cebu aims to ease traffic congestion, foster economic growth, and bring development to the entire province of Cebu.



www.thecebufanpage.com

08/01/2017

"ALTHOUGH the majority of condominiums sold in the Philippines are still bought by end-users, the trend of property being purchased as an investment rather than as a home is growing, according to property developers and sales agents.

While any investment carries some risk, the consensus among property experts is that the robust Philippine economy, a large supply of condominium property, and growing demand for rental housing makes a condo investment an attractive prospect. In order to improve one’s chances for success, the experts recommended a few basic guidelines to follow when considering a condo property as an investment."

Following a few basic tips can lead to a healthy return ALTHOUGH the majority of condominiums sold in the Philippines are still bought by end-users, the trend of property being purchased as an investment rather than as a home is growing, according to property developers and sales agents. While any i...

06/12/2016

While the exact needs of every family will be slightly different there are some key characteristics to look for a family-friendly community.

13/11/2016

UPDATE: The third Mactan-Cebu bridge, which has a web arch design similar to Bugrinsky Bridge in Russia, and its other components such as the viaduct, causeway, roadway and toll facilities, will be named as Cebu-Cordova Link Expressway (Ceclex), an official of the project proponent said.

The construction of the 8.25-kilometer Ceclex, the toll bridge that will connect Cebu City to Mactan via Cordova, is set to start by the second half of 2017 and is expected to be completed by 2020.

More: http://metrocebu.com.ph/2016/11/proposed-php27-9b-cebu-cordova-bridge-to-be-named-ceclex/

Credits to SkyScraperCity-Cebu

10/11/2016

"With 5.4 percent of the 2017 budget allocated to infrastructure spending, the Duterte administration plans to roll out radical roadwork, railway, and other transportation and development projects to ease traffic in major cities in the country."

The government this week unveiled its masterplan that aims not only to create sustainable infrastructure but also create jobs.

07/11/2016

Transferring a Land Title From Deceased Parents in the PH

How to transfer a land title from  deceased parents in the Philippines? So your parents died and left you one or some properties for you and your siblings. Unless a WILL was made before they passed away, all of the conjugal properties of the parents goes to their legal child (assuming both parents d...