The Palms Lakeshore subdivision launched in Pampanga

11:14 pm | Friday, May 24th, 2013

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ONE of The Palms Lakeshore house models, Sofia offers homeowners space with 3 bedrooms and 2 bathrooms, perfect for start-up families.

Urban living in harmony with nature is what one of the country’s fastest growing real estate developers is bringing to Pampanga through a new subdivision.

Pro-Friends launched on Wednesday The Palms Lakeshore, its newest residential community in San Fernando, Pampanga.

THE CLUBHOUSE is one of The Palms Lakeshore’s first-rate amenities.

The Palms Lakeshore is a sprawling residential development within The Lakeshore, the exclusive 300-hectare lakeside community, a joint venture between Central Country Estate Inc. and Pro-Friends. The joint-venture agreement was signed by CCEI Chair Nestor Mangio and Pro-Friends Chair Guillermo “Gerry” Choa during the 10th anniversary celebration of CCEI.

CCEI is the owner and developer of The Lakeshore, located at Km 71, North Luzon Expressway. The Lakeshore is known for its 12-hectare manmade lake where residents can enjoy fishing and boat rides.

Pro-Friends’ assistant vice president for marketing Tani Puyat said that through market research, the marketing team was able to determine the needs and wants of Pampanga residents. For instance, a lot of families want new homes and there is an increasing household income in the province. Pro-Friends is offering Pampanga residents The Palms Lakeshore subdivision which is not only easy to own but also within their budget.

House models

According to Puyat, there are five house models to choose from:

• Liana is a 50-square-meter townhouse on a 50-sq-m lot area. It has three bedrooms, one toilet and bath, one powder room, living room, dining area, kitchen and provision for a one-car garage. Liana house model is being sold for P980,000.

FAMILIES can go fishing in The Palms Lakeshore’s manmade lake.

• Mia is a 60-sq-m townhouse on a 50-sq-m lot area. It has three bedrooms, two toilets and baths, living room, dining area, kitchen, provisions for a balcony, CATV, telephone, air-conditioning outlet and one-car garage. Its selling price is P1.2 million.

• Sofia is a 52-sq-m single-attached two-story house on a 60-sq-m lot area. It has three bedrooms, two toilets and baths, living area, dining area, kitchen and provision for one-car garage. Its selling price is P1.5 million.

• Brooks is a 72-sq-m single-attached two-story house on a 100-sq-m lot area. It has three bedrooms, two toilets and baths, living area, dining area, kitchen and provision for one-car garage. It is being sold for P1.92 million.

• Leighton is an 84-sq-m single-attached two-story house on a 120-sq-m lot area. It has three bedrooms, two toilets and baths, living area, dining area, kitchen and provision for lanai and two-car garage. Its selling price is P2.3 million.

Puyat said the houses at The Palms Lakeshore were built using the latest in reinforced concrete technology to withstand a pressure of around 2,000 psi. This means that they can endure typhoons, earthquakes and other natural calamities. Conventional hollow blocks can bear only around 400 to 700 psi.

Amenities

According to Mark Joseph Z. Arisgado, project director for The Palms Lakeshore, the first-rate amenities for homeowners are the clubhouse, infinity pool, gym, events tents, lakeside restaurants, water sports facilities and an upcoming community parish.

He said subdivision residents can also avail themselves of several common areas for outdoor activities that have lampposts, trees, grasses, outdoor furniture, exercise benches, barbecue pits and trash bins.

When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P 9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09155734856/09173373687/09222737836.

Aspen Heights Cebu Countryside haven in the Metropolis

Published: May 23, 2013

Clubhouse

There is no better add-on amenity to countryside living than the rejuvenating power which nature has to offer. For those who live in the city, the reinvigorating retreat to the countryside is usually one which can be enjoyed only during holiday breaks and long weekends. But at Aspen Heights, Cebu, a development project of the Robinsons Land Corporation, the busy urbanite can look forward to going home to a private haven in the countryside on a daily basis.

Inspired by the vistas of the Aspen, Colorado landscape, the American-themed Aspen Heights is situated in a terrain of rolling hills with picturesque landscapes cooled by a gentle mountain breeze, which includes a view of Mactan at night. The development project spans 12 hectares of prime property in Consolacion, Cebu, one of the fastest-growing districts of the metropolis.

The development has brought together environmental planners and expert teams to ensure that residents enjoy the advantages and comfort of a home amidst a natural environment and the conveniences of urban living.

The fully-gated community offers residents a safe haven as well as a variety of amenities such as  24-hour security, manicured gardens and carefully-planned open spaces, a children’s playground, as well as other areas for recreational and sports activities. The construction of a multi-purpose Clubhouse and a pool is currently underway at the highest point of the property.  Here, residents can enjoy the laidback, resort-style living while taking in a panoramic view of Mactan Island.
With downtown Cebu only 20 minutes away, Aspen Heights allows residents to keep in touch with the beat of the city.

Restaurants, fast food chains, drugstores, and shopping malls are within easy access. Also within a close distance are the Cebu Doctor’s Hospital and the Sacred Heart School.

The project offers 600 residential lots with average lot sizes of 120 sqm. Prospective residents can likewise choose from a variety of house designs which ensure ample and comfortable living space for growing families.
Robinsons Homes is one of the four residential brands of Robinsons Land Corporation offering choice lots with housing option in master planned, gated subdivisions located in key cities and provinces nationwide.
With over 15 years of real estate experience, Robinsons Homes continues its mission of bringing the good life to each Filipino.

When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P 9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09155734856/09173373687/09222737836.

Maria Luisa North-The Heritage: Luxury living at a convenient address

Tuesday, May 21, 2013

Details

  

Category: Properties 

Published on Tuesday, 19 March 2013 18:05

CEBU’S premier residential developer recently relaunched its exclusive subdivision on the border of Mandaue City and Consolacion.

Security. Exclusivity. Convenience. Beautiful scenery. All these and more have been associated with Maria Luisa Properties in the decades since it first began developing residential real estate in 1965. And these are just some of the things one would enjoy from making a home in Maria Luisa North-The Heritage, located in Jagobiao, Mandaue City.

Maria Luisa North-The Heritage is a subdivision by the Agro-Macro Development Corp. built on a 13.6-hectare plot of land that was part of the Hacienda Mandaue. Its name literally represents what it is to the family behind Maria Luisa Properties, whose ancestors owned the land. It also represents what it hopes to become—a legacy for its homeowners and their families. Houses at Maria Luisa North-The Heritage become homes to families and future generations.

Here are some of the things this exclusive development has to offer homeowners:

• A great location hidden from the hustle and bustle of the metro. Maria Luisa North-The Heritage is built on beautiful terrain that allows residents to enjoy clean air and a suburban ambiance, and just a short drive from Metro Cebu’s business and leisure centers. There are three entrances to The Heritage, which are by Jagobiao National High School in Mandaue, Fooda Supermarket in Consolacion, and Consolacion Public Market. It’s a 10- to 15-minute drive from the subdivision to major schools like Ateneo de Cebu, Bright Academy and Cebu International School, and about the same distance to the nearest hospitals and the airport.

• A safe and fun haven for families.  With The Heritage, Maria Luisa Properties focused not just on building a secure and exclusive place for people to live in, but on cultivating a community. To this end, the subdivision features a clubhouse, swimming pool, basketball court, children’s play area, fishing pond and designated areas for commercial establishments. Each of the three entrances has a guard house, which will be manned 24/7.

• A fantastic address for forever homes.  Given Maria Luisa Properties’s stellar reputation, buyers can be confident that purchases will be clean and hassle-free. Prospective homeowners not only get to boast about having the prestigious Maria Luisa name in their addresses, but also the large cuts for each lot in the subdivision (between 241 and 591 sq m). The rules set for building height and value mean that most members of The Heritage community will build homes designed to accommodate their family’s needs for decades to come. This isn’t a subdivision for starter houses, but for dream homes.

Home is where laughter begins. Providing a good home for your family builds a lifetime legacy of happiness and security.

When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P 9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09155734856/09173373687/09222737836.

One Manchester Place Soon To Advance In The Mactan Newtown

Megaworld recently announced that The Mactan Newtown will have another condominium masterpiece to launch, in the name of One Manchester Place. Just like all of the other projects made by Megaworld, One Manchester Place will be fulfilling the concept of “live-work-play.”

One Manchester Place Condominium Cluster

Megaworld is the largest BPO and condominium landlord in the country today. They have made their mark by launching projects that cater the fusion of living, working, and playing in one township as well as giving their clients the scenic view from their properties. One Manchester Place will be highlighting the very best view in Mactan, the view which shows the Mactan Shrine, Magellan Bay, and Hilutungan Channel.

“We see a growing demand for residential condominiums in the island so we are aggressively expanding the residential component of our township. During the past year, we have easily sold out our two residential clusters, 8 Newtown Boulevard and One Pacific Residence. This is a clear indication of a strong, vibrant market for residential condominiums in Mactan Islands,” explains Noli D. Hernandez, president of Megaworld Cebu Properties, Inc.

Mr. Noli D. Hernandez, President of Megaworld Cebu Properties, Inc.

One Manchester Place is a 3-tower residential condominium that will feature the best amenities and conveniences one can afford. Future residents can soon enjoy the mall by passing through an exclusive access to their property. The first tower will be 18-storeys high and will receive the closest access from the Punta Engano Road.

The first tower is now open for reservations from interested clients.

One Manchester Place Lobby

Available Units in One Manchester Place

Interested buyers have 4 unit types to choose from: executive studio, one-bedroom, two-bedroom, and three-bedroom. Every unit will be fully-furnished with pre-fabricated closets for the bedrooms, sleeping dens as well as kitchen cabinets. There will be an oven, a range hood, and burner cooktops (4-burner for 2 & 3-bedroom units while 1-bedroom units get 2-burner cooktop).

One Manchester Place Master’s Bedroom

Amenities in One Manchester Place

One Manchester Place is a Megaworld project so expect it to be full of fantastic amenities.

Enjoy a hot day by taking a dip in their 25-meter lap pool with sunbathing deck or you can just relax and sip your fruit shake by the in-water pool lounge and pool spa. Children likewise will enjoy the children’s pool.

One Manchester Place Pool View 1

One Manchester Place Pool View 2

One Manchester Place Pool View 3

One Manchester Place Pool View 4

One Manchester Place Pool View 5

If staying healthy and fit is your kind of thing, One Manchester Place has reserved a special place for you; their state-of-the-art fitness gym. You can also relax after a heavy work out by visiting the reflexology path, indoor spa, and fitness & taichi area.

One Manchester Place Gym

Being away from the noise and crowd was something that One Manchester Place also considered because they have a dedicated reading nook, flower garden, dry zen garden, and pavilion just for you.

As for couples who have little tots to worry about, let the daycare take your worries away while you earn a living.

One Manchester Place Daycare

One Manchester Place will also provide a place to meet and celebrate through their function room and business center.

One Manchester Place Function Room

One Manchester Place will Possess Megaworld Factor

“One Manchester Place is another highlight of The Mactan Newtown. The first tower that we are selling will be the most accessible to our exclusive township road network connected to Punta Engano. Comfort, convenience and sophisticated condo living are the things that our future residents will enjoy,” shares Hernandez.

Mr. Noli D. Hernandez, President of Megaworld Cebu Properties, Inc.

Mr. Noli D. Hernandez, President of Megaworld Cebu Properties, Inc.

As announced last February by Andrew Tan, Megaworld Chairman and CEO, The Mactan Newtown will receive Php 20 billion from their allocation and the masterplan will be completed in less than 10 years.

Megaworld is very proud to have owned more than 20 hectares of land in Mactan, as they are so eager to show the residents their “live-work-play” concept which was their formulation.

The Mactan Newtown upon its completion will have retails shops, commercial strips, hotel, entertainment and leisure facilities, malls, and office buildings.

The township concept was introduced by Megaworld and has been proven to be a successful form of enterprise. Evidences to this claim are McKinley Hill, Newport City, Forbes Town Center, and Eastwood City.

You may dial (63 53)555-8464 ; +639155734856/+639222737836  or email gregmelep@gmail.com to send in your inquiries about One Manchester Place.

When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P 9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09155734856/09173373687/09222737836.

Source: www.cebubloggers.com 

How to Secure A BIR Certificate Authorizing Registration (CAR) And Tax Clearance For The Sale Of Real Property Classified As A Capital Asset

May 2, 2013 by Cherry Castillo Leave a Comment

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raissarobles.com

One of the most important documents that you need in order to transfer a title of a property from the seller to the buyer is the Certificate Authorizing Registration (CAR) and Tax Clearance (TCL) from the Bureau of Internal Revenue (BIR). The CAR and TCL is your proof that the proper taxes on the transaction have been paid. The Register of Deeds requires the presentation of these documents as a pre-requisite for title transfer.

What is the process?

The first step is to have a notarized document evidencing the sale of the real property classified as a capital asset, usually a Deed of Absolute Sale. You may find samples of this document through google, including here and here.

Next, the taxes need to be paid. You may refer to previous posts on Capital Gains Tax (CGT) and Documentary Stamps Tax (DST).

After you have paid the taxes, you need to request for the issuance of a CAR and TCL from the Revenue District Office where the real property is located. You need to submit the documents supporting the transaction, as well as proof that the correct taxes (both the type of tax and amount of tax), have been paid. The Checklist of Documentary Requirements is in the annexes of Revenue Memorandum Order (RMO) No. 15-03, in particular, Annex “A”.

The process flowchart is in Annex “L” of the Annexes of RMO 15-03.

Mandatory Requirements

For a sale of real property considered as a capital asset subject to capital gains tax (CGT), the mandatory requirements are as follows:

• Tax Identification Number (TIN) of buyer and seller [If one of them does not have a TIN, get a TIN by filling out and submitting BIR Form No. 1904]
• Notarized Deed of Absolute Sale/Document of Transfer. Bring the original and at least two photocopies. The photocopies will be compared against the original and the BIR will retain only the photocopies.
  • Notarization fee is usually 1% of the selling price, but some notaries public may charge a lower fee. Just make sure that the notary public is a real one.
  • Prepare at least five copies of the Deed of Absolute Sale (one for the notary, one for the buyer, one for the seller, one for the BIR, and one for the Registry of Deeds).
  • Prepare photocopies of two government-issued ID’s each of the buyer and the seller. You need the information in the said ID’s in the acknowledgment of the Deed (indicate the name, ID number, date issued, place issued, date of validity).
  • Owner’s copy of the Transfer Certificate of Title (TCT), Condominium Certificate of Title (CCT), or Original Certificate of Title (OCT). Bring the original and at least two photocopies. The photocopies will be compared against the original and the BIR will retain only the photocopies.
    • You may also get a Certified True Copy (CTC) of the TCT, CCT, or OCT from the Registry of Deeds.
    • For Quezon City, the Registry of Deeds is located behind the National Statistics Office (NSO) along East Avenue. Make sure that you have with you a photocopy of the title, authorization letter from the owner, and ID’s of the owner who authorized you to get the CTC of the title.
    • When Jay secured a CTC last July 2012 from the Quezon City RD, the issuance fee was P144.00 and the IT Service Fee for the issuance was P643.88, for a total of P787.88 for one CTC.
    • Make sure that you get a genuine title and not a fake one. Check the Guidelines On How to Detect Fake Titles from the LRA website.

• If applicable, Sworn Declaration of No Improvement by at least one (1) of the transferees or Certificate of No Improvement issued by the Assessor’s Office
  • Format may be found on Annex “D” of the RMO 15-03.
• Get a Certified True Copy of the latest Tax Declaration from the City Assessor’s Office.
  • According to the Quezon City government website, you will need:
    • Authorization from the property owner;
    • Photocopy of a Valid ID of the requesting party;
    • Computer print-out from EDP or any reference such as realty tax payment, title, or old tax declaration for purposes of verification
    • Certification fee of P50.00 plus P20.00 secretary’s fee (if to be used for BIR)
• Official Receipt/Deposit slip evidencing receipt by the owner of the payment of the purchase price
• Duly validated tax return as proof of payment of taxes

Additional requirements include:

• Notarized Special Power of Attorney (SPA), if the person who signed the document is not the owner which appears on the Title. You may find samples of this document through google – here is one.
• Certification of the Philippine Consulate, if the document is executed abroad. The SPA will be either consularized or authenticated. The document will usually have a red ribbon in front.
• Location plan/Vicinity map if the zonal value cannot be readily determined based on the documents submitted. I think using google maps (maps.google.com) may suffice.
• Such other requirements as may be required by law/rulings/regulations/other issuances

I suggest that you already have the checklist of documentary requirements ready, and have one file containing all the originals and two sets of photocopies so that the BIR One-Time Transaction (ONETT) officer will have an easy time evaluating your documents.

One-Time Transaction (ONETT) Computation

The BIR’s ONETT team will also be relying on this computation sheet so I suggest you make your own computation so you can compare it with the computation of the BIR. The computation sheet can also be found in Annex “B” of RMO No. 15-03.

If all documents are complete, the CAR and TCL should be ready after around two (2) weeks. Just call the contact person at the number on the Claim Slip or “CS” (Annex “C” of the RMO 15-03) and they will give you to inquire if the CAR is ready. When you call, be sure to have the claim slip with you so you are ready with the CS No., date filed, and the name of the transferor and transferee.

If you are too busy to do the nitty-gritty of title transfer yourself, you may wish to get a free quote from OMI Land Title Inc. just tell them we referred you.

Hope this helps!

Cherry Vi M. Saldua-Castillo

Real Estate Broker, Lawyer, and CPA
PRC Real Estate Broker License No. 3187
PRC CPA License No. 0102054
Roll of Attorneys No. 55239

2013 Internal Education Head, REBAP-LMP

When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P 9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09155734856/09173373687/09222737836.

SMDC allots P71B for residential projects

By Neil Jerome C. Morales (The Philippine Star)

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SMDC ANNUAL STOCKHOLDERS’ MEETING: SMDC vice chairman Henry T. Sy Jr. (right) exchanges a few words with Henry Sy Sr., chairman of SMDC, before the start of the stockholders meeting yesterday at the SMX Convention Center in Pasay City.       MIKE AMOROSO

MANILA, Philippines - Condominium builder SM Development Corp. (SMDC) will spend P71 billion to complete existing projects and enter new property ventures in the next three years, top company officials said yesterday.

“In the next three years, SMDC will spend P71 billion to drive its expansion activities,” said newly-appointed SMDC president and chief operating officer Jeffrey Lim.

The residential arm of the country’s richest man Henry Sy has a considerable landbank in Metro Manila good for the next five years, he said.

“For the year 2013, SMDC will spend approximately P20 billion in capital expenditures – P13 billion for project development and P7 billion for landbanking,” Lim said.

It will be followed by P26 billion and P25 billion spending in 2014 and 2015, respectively.

“For 2013, we plan to launch four new projects and expand three existing developments in Metro Manila,” said SMDC vice-chairman and CEO Henry Sy Jr.

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Sy said SMDC will continue to focus largely in Metro Manila in the medium term given robust demand in the area.

The property developer will launch 13,000 units this year, almost double the 7,000 units in 2012.

In the first quarter, SMDC’s consolidated net income jumped 12 percent to P1.4 billion due to “improved gross profit margin and increased economies of scale.”

Real estate revenues rose four percent to P5.9 billion.

Lim said of its 173 hectares landbank, 69 hectares are located in Metro Manila, with the remaining in Davao and Cebu.

Sy said the substantial landbank is enough to support more developments in the next five years.

“We are really looking at those areas [Davao and Cebu] but at this moment, we would rather concentrate in Metro Manila – the Mall of Asia area, Makati and Greenhills – where demand is the biggest at the same time the margin is very reasonable,” Sy said.

Sy said SMDC is still studying the market in China, which can be tapped given the successful business model of the condominium builder.

SMDC’s board of directors also declared yesterday a cash dividend of 5.3 centavos per share for stockholders as of May 24. This is payable on June 20.

As of end-2012, SMDC had 15 ongoing residential condominium projects all over Metro Manila, with the exception of Wind Residences in Tagaytay.

When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P 9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09155734856/09173373687/09222737836.