Rowena's Property Indorsement

07/03/2024

24/03/2022

WHAT HAPPENS TO YOUR CONDO INVESTMENT AFTER 50 YEARS?

- In the Philippines, there is a law that protects the interest of the unit owners in a condominium project. This is the Republic Act 4726 or The Condominium Act of the Philippines which was mandated on June 18, 1966.
It’s not like you will buy a condominium property and then after 50 years, your investment will be gone, just like that. When a condominium project is fully turned over to the unit owners, it becomes just like a corporation, and you are one of the owners of that corporation if you have a unit there.
So it follows that you will have a “say” in the decision making as to what to do with the whole building, and if it has been decided that the property is going to be sold or demolished so that a new property will be developed on the area, you will get your appropriate share of the proceeds of the sale.
Just like any investment, your condominium property can last, can be profitable and can be passed on to your heir(s).

Now that's a fact. 🙂

Start investing now!

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24/03/2022

Are you looking for affordable price of Lots for Sale and Installment?
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By Sta Lucia Land Inc.

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15/03/2022

Soon to Launch!
Affordable High Rise Condo in Puerto Princesa Palawan, Philippines
Introducing the CASA MIRA TOWERS

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✉ [email protected]
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25/02/2022

WE ARE OPEN TODAY! 📣

4 Days to Go before the month ends. Make sure to avail our February promos:

✅ WAIVED Bank Charges
✅ WAIVED HOA Membership Fee
✅ WAIVED Water Application Fee
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