Felicity at Antel Grand Village, Cavite

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DANIELLA AT ANTEL GRAND VILLAGE
A RESORT COMMUNITY IN KAWIT CAVITE, 21 KMS FROM PASAY VIA CAVITEX
SMS  GLOBE/VIBER 0927-7122679/0919-2634101
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Development Updates in Cavite: Robinson's Place is coming Up!

Development Updates in Gen.Trias Cavite 

(as of May 2015)

Robinson's Place at Tejero, Gen Trias is coming Up!

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www.antelcity.com visit our website for Antel Grand Village Project

Development Plan in Cavite - Airport Complex

Proposed Development Plan sa Cavite, Philippines
Good reasons to invest now.......

EXECUTIVE ORDER (EO)-629. 
The Philippine Reclamation Authority is hereby directed to develop the Sangley Point into an International Logistics Hub with Container Port and Airport Complex and an Economic Processing Zone with Cyber or Technoparks through a private sector joint venture or Build-Operate-Transfer (BOT) scheme. Free invesment consultation and advise SMS/Viber +63919-2634101/ +63927-7122679

Cavite Real Estate/ Related News

RELATED NEWS UPDATE:
DOTC pursues LRT extension projects

By Shielo Mendoza | Yahoo! Southeast Asia Newsroom – Thu, Oct 6, 2011

... The Department of Transportation and Communications is reviving the Light Rail Transport extension projects as part of its multi-billion, five-year transport infrastructure plan.

According to a press statement on Thursday, DOTC will push for the extension of LRT 1 from Baclaran to Cavite; LRT 2 from Santolan, Pasig to Masinag, Antipolo; and the reconfiguration of the NorthRail project.

The NorthRail project, which involves the rehabilitation of a train line connecting Metro Manila to provinces in northern Luzon, has been hounded with allegations of overpricing for years.

But DOTC Secretary Mar Roxas said in the statement that they will pursue the speedy and just resolution of past infrastructure projects, such as the NorthRail, which “simply did not fit the standards of a sound deal either by dint of corruption or technical fault.”

Roxas added that they are reconfiguring the NorthRail project after a productive discussion with top Chinese officials during a recent trip in China with President Benigno Aquino III.

Philippines lifts 2010 economic growth figure

MANILA, Philippines - The Philippines  has upgraded its record economic growth of last year to 7.6 percent from the 7.3 percent originally reported, President Benigno Aquino said Tuesday.

Economic managers had re-analyzed the data and concluded that their computation had been off by 0.3 percentage points, the Filipino leader said.

"I would like to break the news to you that Finance Secretary Cesar Purisima informed me yesterday that they had completed the computation of the economic growth last year," Aquino told a government forum.

"He said we made a mistake in saying the economy grew 7.3 (percent). The correct figure was a 7.6 (percent) increase."

The initial growth figure of 7.3 percent was already the fastest expansion for the Philippine economy since democracy was restored to the country in 1986.

The government said when releasing the initial data in January that one main reason for the record performance -- coming off growth of 0.9 percent in 2009 -- was the rest of the world recovering from the global financial crisis.

It also cited renewed investor confidence in the government after Aquino won a landslide election last year on the back of a campaign promise to fight widespread corruption.

Why Invest in Real Estate in the Philippines especially the OFW?

More and maore Overseas Filipino Workers are seeking a retirement with dignity around the world with a dream of rang to the Philippines for retirement. There are basically two real estate markets in the Philippines – one comprised of local buyers and sellers, and the one comprised of foreign and OFW buyers and sellers. It is this latter market that is poised for a boom.

There is a huge and growing OFW remittances that are seeking an investment vehicle to set up a retirement pension, yet only a handful of investment vehicles are available for them. The Philippines relatively inexpensive retirement destination where you can make your retirement dollar really stretch.

If  you're into Real estate investment, you expect the properties will give you good turn around in the future, then do start picking areas that are currently booming in the market such as Cavite, laguna, bulacan, and batangas, to name the few. Last year Palawan and Mindoro area are still unoccupies, but to date, most of the areas are converted into resorts and subdivisions.

Tagaytay and Baguio, both known for their cold climates, were popular back in the days for expats and tourists. To this day, it became more popular because of more resorts and hotel coming. It has maintained expat villages and communities. Owners of these lands and houses from time to time sell their properties to look for newer locations for newer adventures.

If you're lucky, you might spot one of that in the Philippines at the verge of a phenomenal future.

Overview of Economic Status of the Philippines.  

• The Philippine currency continues to be strong and resilient, fortified by the economic management of the current administration.·          
• We are on the verge of the biggest real estate boom in history, set to totally eclipse the 1997 Asian crisis, and fueled by money from Filipino Expatriates, foreign investment.
• Among the top priority infrastructure projects to be completed by 2011 are the LRT line 1 to NAIA, the P21-billion Subic-Clark-Tarlac Expressway, the P6.9-billion Subic Port development the P1.3-billion North Expressway-South Luzon Expressway connection via C-5 Project, and the Edsa Rehabilitation Project., Cavitex. ·          
• The Philippine Stock exchange hit a nine-year record in 2006, opened in 2007 some 30 percent higher, and continues to be strong.·          
• The Philippines has emerged a strong second to India in the global outsourcing market·    The Philippines is becoming a much preferred option as it has stronger cultural ties to the United States than India.·         
• Remittances from Filipino Expatriates have grown to over $1.2billion dollars a month!·        
•   A surging demand for real estate is expected to sustain a continued surging growth of the Property industry.

* consolidated article on real estate 2011.

Three Main Considerations in buying a house

Truth be told, there are many considerations to be made when buying a home in the Philippines, but these three below should receive the highest priority.

1. Location
As proven by last year's Ondoy flood, not every location in the Philippines is well worth your hard-earned money. If you noticed, there has been an onslaught of real estate ads on the net touting to be "flood free" which before, wasn't really the case when it comes to advertising your home. Although the flood last year may have washed away the dreams of these homeowners, it has also proven to be a wake up call to developers who have scaled up their efforts to keep their projects as "flood free" or "flood proof" as possible. Location is also important depending on what lifestyle you'd like to lead - for example, a family man will choose a house near a good school while the career-driven individual would prefer a high-rise condominium in the city near where the action is. Location of the property will also reveal the ease or difficulty of accessibility.

2. Budget
Do you have the budget to buy a house? First, make sure you do, because if you don't then it would be pretty useless at this point. If you don't have cash outright to buy, then think about applying for a housing loan either from a bank, financial institution, or one of the most popular ones in the Philippines, Pagibig. Determine how much you can afford. It's also important that if you are taking a loan, your mortgage debt should be less than 28% of your monthly income.

3. Know what you're getting into!
Get involved - many OFWs have had bad experiences of buying a property without seeing it and end up disappointed when they do see it (and have no recourse but to accept it since they've already paid for it), or rely on relatives to decide for them. From start to finish, be there every step of the way. Your participation will spell out the success of this real estate purchase.
One more thing - only citizens of the country can buy real estate property in the Philippines, except for condominiums with the condition that 60% of the occupants are Filipinos, and only 40% foreigners. What other considerations should Filipinos make when buying real estate properties? Do share!

Article Source: http://EzineArticles.com/4268822

General Real Estate Information

As a rule, only Filipino citizens and corporations or partnerships with least 60% of the shares are owned by Filipinos are entitled to acquire land in the Philippines.

Aliens can acquire land in the Philippines only on a few exceptions: 1) Acquisition before the 1935 constitution. 2) Acquisition thru hereditary succession -if the foreigner is a legal heir. 4) Purchase of not more than 40% interest as a whole in a condominium project. 4) Purchase by a former natural born Filipino citizen who acquired foreign citizenship & has not applied and granted dual citizenship can purchase up to 1,000 square meters of residential land and 1 hectare of agricultural or farm land.

Modes of Acquiring Land:  

• Private Grant - voluntary transfer or conveyance of private property by a private owner, such as sale or donation.
• Public Grant – acquisition of alienable lands of the public domain by homestead patent, free patent, sales patent, or other government awards.
• Involuntary Grant – acquisition of private party against the consent of the former owner, such as foreclosure sale, execution sale, or tax sale.
• Inheritance – acquisition of private property through hereditary succession.
• Reclamation – filling of submerged land, subject to existing laws and government regulations.
• Accretion – acquisition of more lands adjoining the banks of rivers due to the gradual deposit of soil as a result of the river current.
• Prescription – acquisition of title by actual, open, continuous, and uninterrupted possession in the concept of owner for the period required by law.

A foreign national and or corporation may enter into a lease agreement with Filipino landowners for an initial period of up to 50 years, and renewable for another 25 years. Or lease the property in your Philippine Corporation name for an unlimited period of time.

Acquisition is the act of procuring or getting a hold of real estate property. Disposition is the manner of alienation, transfer of possession and ownership thereof as prescribed by the Philippine law. The acquisition and disposition of real estate is embodied in written agreements or contracts voluntarily entered into and subscribed by the selling and buying parties thereof, before a public officer designated as the Notary Public of the City or Province where the subject property is located. Thereafter, the instrument embodying the particular real estate transaction is required by law to be recorded in the Registry of Deeds in the City or Province where the real estate property is involved and located. The Philippines uses the "Torrens" system of real estate ownership.

The Bundle of Rights Theory

The bundle of rights theory inherent to property ownership are the right to use (Jus-Utendi), the right to enjoy the fruits of (Jus-Fruendi), the right to dispose (Jus-Disponendi), the right to abuse (Jus-Abutendi), the right to recover (Jus-Vindicandi), and the right to possess (Jus-Possidendi). The rights incident to ownership are, the right:

• to enjoy and dispose of a property without other limitations than those established by law;
• to file action against third parties to recover ownership;
• to use force as may be reasonably necessary to repeal or prevent an actual or threatened unlawful invasion or usurpation of his property (Art. 429, NCC, relate to Art. 312, RPC);
• the right to enclose or fence property - walls ditches, live or dead hedges - or by any other means without detriment of servitudes constituted thereon;
• to demand indemnity for damages caused to property;
• the right to compensation in the event of expropriation;
• the right to be restored to possession in case of unlawful dispossession;
• the right to the surface and subsurface of the land, right to construct thereon any works, plantation and excavation without detriment to servitude and subject to special laws and without right to complain of the reasonable requirements of aerial navigation;
• the right to hidden treasure;
• the right to accession and fruits of the property;
• the right to "quiet title" to real property or any interest therein

Limitations on right of property ownership:

• CONSTITUTIONAL - such as police power, eminent domain or expropriation of private property for public use, taxation and escheat when revision of private property to state ownership in case of death of property owner without an heir;
• LEGAL - zoning ordinances, regulations on subdivision projects, building code, and other special laws and regulations; and
• CONSENSUAL/VOLUNTARY - easements and servitudes, usufructs, lease agreements, restrictions in subdivision and condominium deeds or restriction.

The Regalian Doctrine of property ownership

A principle in law which means that all natural wealth - agricultural, forest or timber, and mineral lands of the public domain and all other natural resources belong to the state. Thus, even if the private person owns the property where minerals are discovered, his ownership for such does not give him the right to extract or utilize said minerals without permission from the state to which such minerals belong.

The Steward Concept of property ownership

The Steward Concept is a legal doctrine which holds that property ownership presupposes concomitant obligations to the state and the community and that property is supposed to be held by the individual only as trustee for people in general; and that as mere steward, the property owner must exercise his rights to the property not just for his own exclusive and selfish benefit or interest but for the good and general welfare of the nation as a whole.

The National Housing Authority

Presidential Decree No. 957, which regulates the sale of subdivision and condominium developments, and providing penalties for violations thereof. The National Housing Authority has exclusive jurisdiction to regulate real estate trade and business, a function, which is presently exercised by the Housing and Land Use Regulatory Board (HLURB). Certain conditions are required before a license to sell condominium development units and or subdivision development lots and homes is issued to a Filipino or Foreign owned individual or corporation. The requirements include a certificate of registration, a performance bond, and an approval of the building plans and specifications. Violation of these rules could mean fines, cancellation of license and or imprisonment.