Royal Palms 5

17/11/2025

24/11/2023

What Happens to Your Condo After 50 Years? Is it true that your condominium's lifespan is set at 50 years?

One of the most common myths surrounding buying condos is that every condominium in the Philippines only has a lifespan of 50 years. After that, the building will be demolished, putting your investment to waste.

Let’s take a look at RA 4726:

1️⃣When you buy a condominium unit, you become part of a corporation.
A condominium corporation owns the land where your condominium is built. As a unit homeowner, you can think of yourself as a corporation shareholder. You can vote on issues like repainting common areas, changing the swimming pool tiles, or upgrading the facilities in the in-house gym.
Similarly, you can vote on issues surrounding the fate of your condominium after 50 years.

2️⃣ A corporation’s lifespan is 50 years, but it can be renewed.
YOUR CONDOMINIUM DOES NOT HAVE A LIFE SPAN, but the corporation managing it has one. However, the corporation can still be renewed for another 50 years, so your condominium ownership does not necessarily end at that point.

3️⃣ Three factors need to be fulfilled to declare a condominium uninhabitable.

✅ First, it should exist for at least 50 years.
✅ Second, it should already be obsolete and uneconomical.
✅ Third, the owners should be opposed to any repair or restoration that can be done in the condominium.

It means that even if the condominium is already 50 years old, it doesn’t necessarily have to be obsolete and uneconomical.

THE GOOD NEWS is that the majority of today’s condominium developers construct condos using high-quality and durable materials so modern condos will likely still be in good shape even after 50 years.
So, if this 50-year fallacy is the only thing that’s holding you back from investing in a condominium unit, then reading this should ease your fears and apprehensions.

24/11/2023

REAL ESTATE 101: LAND TITLE vs. TAX DEC🤔

The Difference between the Certificate of Title versus Tax Declaration in the Philippines

🔷 CERTIFICATE OF TITLE
1. A document evidencing a right of ownership to a property
2. A document that attest to the fact that the person named is the owner of the property described therein subject to liens and encumbrances noted on it
3. It is registered with the Register of Deeds of the province or city where the land is located
4.The Certificate of Title is indefeasible and imprescriptible
5. All claims to the land are quieted upon issuance of this document
6. Recorded with the Register of Deeds of the municipality, city, or province where the land is located.

🔷TAX DECLARATION
1. A document that show good sign of possession only in the concept of owner, not ownership
2. Not conclusive evidence of ownership to property, but only a proof of payment of realty taxes
3. Recorded with the Assessor’s Office of every municipality or city where the land is located

Ang pagmamay-ari ng lupa ay napapatunayan sa pamamagitan na hawak na titulo na kung tawagin ay ang Transfer Certificate of Title (TCT) o Condominium Certificate of Title (CCT). Ayon sa maraming Supreme Court decisions “the best proof of ownership of a piece of land is the Certificate of Title” (Halili vs. Court of Industrial Relations, 257 SCRA 174 [1996]). Ito ang tinatawag na titulo ng lupa at wala nang iba pa.

Ang "tax declaration ay hindi titulo ng lupa. Maraming Supreme Court decision din ang nagsasabi na "Tax declarations and receipts are not conclusive evidence of ownership. At most, they constitute mere prima facie proof of ownership of the property for which taxes have been paid. In the absence of actual, public and adverse possession, the declaration of the land for tax purposes does not prove ownership." Ibig sabihin nito na ang tax declaration ay hindi siguradong ebidensiya ng pagmamay-ari ng lupa. While tax declarations and receipts are not conclusive evidence of ownership and do not prove title to the land.

Ang tax declaration ay pwedeng i-apply para maging titulo. May dalawang pamamaraan ng pagpaparehistro ng lupa, ito ay ang sumusunod:

1. Judicial Proceeding – kung saan kinakailangan ninyong magfile ng petisyon para sa registration sa korte.

2. Administrative Proceeding –ito ay pamamaraan kung saan mag-file ng application para sa “Homestead Patent” sa DENR at ang registration ng patent na ito ang magiging batayan para sa pag-isyu ng Original Certificate of Title alinsunod sa Commonwealth Act 141 o ang “THE PUBLIC LAND ACT”.

04/04/2023

The surest way to make your dreams come true is to live them. Don't only dream your dreams. Work hard and make it happen!

Good morning mga boss 😊 Happy Tuesday!
Be Safe always and God bless 💕

03/04/2023

Put in the work today to make your dreams a reality tomorrow. ⛅Its now or never..

03/04/2023

Here are 4 reasons why WE should invest in pre-selling homes:

1. Affordable✨
Pre-selling units are more affordable compared to the regular ready-for-occupancy homes. OFWs can save money because of the low introductory price. Pre-selling properties are usually 30 to 50% cheaper than a finished one. Developers even offer discounts, a reduced down payment rate, and flexible payment schemes. Whether it is a townhouse or a condo unit, OFWs will find it easier to fulfill the payment because of affordability.

2. Appreciation of Value✨
The value of a property that was initially sold as pre-sale appreciates over a period of time after its construction. More so, when the community where it belongs to prospers and becomes more developed, its value will further increase. However, OFWs should seriously consider the location for it significantly plays a role when it comes to the worth of a property.

3. Potential Income-Generator✨
OFWs can potentially generate income even when they are not in the country once the property is already finished. They can opt to rent it out. That way, there would be a constant source of income that would help them save more money. They can also sell the home once the construction is done and invest in another pre-selling property. This cycle when ingeniously established encourages a pattern that helps generate income effortlessly. It can be helpful for OFWs who no longer want to work overseas.

4. Security✨

A sense of security is felt by OFWs when they buy a property. Pre-selling homes also give that feeling of anticipation because of the waiting period that is always worth it. Gone are the days when it takes a lot of effort just to find the home that would best cater to the needs of homeseekers. Nowadays, everyone can just access the internet and search for homes or even ask real estate professionals. OFWs are a part of those homeseekers who want to own a home that would meet all of their needs. Once they get a hold of that key to their new

02/04/2023

02/04/2023