Real estate company to build 2,000 residential units in Cebu
Posted by admin on March 2nd, 2010
The Taft Property Venture Development Corp. (TPVDC) is targeting to build by next year 2,000 residential units priced at P2 million to P3.5 million each that will cater to the middle-end to low-end market in Cebu, a company official said.
TPVDC chief operating officer Manuel Colayco Jr. told the Sun.Star Cebu newspaper that the market segment they are targeting “is the biggest market in Cebu.” He said they are targeting young professionals, middle-market employees and new families.
Taft Property is a Cebu-based real estate developer that is supported by Vicsal Development Corp. of the Gaisano family.
Questions about Pag-ibig housing loan
Posted by engkanta on February 20th, 2010
I know I’ve been remiss about updating this blog, and I want to thank you for continuing to visit even though my last post before today had been in September.
Changes in schedule at home and in work have given me a little time to concentrate on this blog, and I’m hoping that the extra hours would allow me to answer your many questions about Pag-ibig’s housing loan.
I know there’s no way I would be able to answer each and every question as they come, considering that I’ve received over 500 queries since this blog started.
What I’m going to do therefore is compile all your queries into a Frequently Asked Questions (FAQ) list that you can browse anytime. Right now, I’m still collating all the questions that had been asked and, once that’s done, I will try to give a comprehensive answer to all of them.
I will need a few days to do all of these, so please come back now and then to check if the FAQ section is up. Thanks.
Crown Asia set to launch first condominium project in Cebu City
Posted by admin on September 25th, 2009
Crown Asia, a subsidiary of Vista Land & Lifescapes Inc., is set to launch Crown Residences, its first condominium project in Cebu City.
Crown Residences is a Spanish-Italian inspired home located within the Pasadena community in Barangay Guadalupe in Cebu City.
“The idea is to offer to Cebu a condominium that is not constricting. With its limited number of floors and units, Crown Residences will highlight what Cebu truly is – cosmopolitan yet relaxing, a bustling city yet with a pleasant laid-back feel,” Camella Communities Cebu General Manager Jasmin Alviola said in a press statement.
Developer targets OFWs, newly-wed couples with Residences at Northroad project in Liloan, Cebu
Posted by admin on May 12th, 2009
A real estate developer has completed 20 two-storey duplex units on the one-hectare Residences at Northroad housing project in Liloan, Cebu. Lopzcom Realty Corp. launched the project yesterday, according to a Sun.Star Cebu report.
Lopzcom Realty vice president Gari Tiongco II told the newspaper the project already sold four units. Tiongco said the units are ready for occupancy.
He said fully furnished units are sold at P2.3 million. A two-story duplex has a land area of 77 square meters. Units have a living area, dining space, kitchen, three bedrooms, two toilets and baths, carport, service area, and balcony. Units can be purchased through Pag-ibig, bank loan or in-house financing.
Pag-ibig housing loan experience
Posted by engkanta on July 8th, 2008
My husband and I just took out a Pag-ibig Fund loan to acquire a house and lot unit at a subdivision in Lapu-Lapu City.
While the property is not brand new, it’s a unit foreclosed and reacquired by Pag-ibig from its previous owner who failed to pay the required amortization, we still followed the same steps enumerated in the fund’s housing loan guidelines.
The first step in the process of taking out a Pag-ibig housing loan is attending a counseling session. Pag-ibig holds regular counseling sessions at its branches. In our case, we attended loan counseling when Pag-ibig held a housing fair in Lapu-Lapu City.
[Read more →]
Disclaimer: This site not affiliated with Pag-ibig
Posted by engkanta on May 30th, 2008
It appears from the comments left on articles here that some visitors and readers have mistakenly assumed that this is a Pag-ibig Fund-initiated site.
I’m sorry if some entries here have led some of you to believe that I, the writer, am affiliated with Pag-ibig. Let this post be a formal disclaimer that this site has nothing whatsoever to do with that government agency.
Rather, this blog is a personal initiative that started when my husband suggested that we write about real estate in Cebu. To get more information about real estate transactions, I joined a seminar on the realty profession organized by the National Real Estate Association-Cebu Chapter before starting this site last year.
Since the option to take the real estate examination for brokers came with the seminar, I did that too and passed. I, however, only applied for a broker’s license last month. I was told just last week that my license has been released and I only have to pick it up with the NREA-Cebu Chapter office.
I’m also based in Cebu and can only provide information about real estate units here.
Pag-Ibig provides e-payment for Pinoys abroad
Posted by engkanta on February 22nd, 2008
Several visitors to this site who are based outside of the Philippines have asked me about how to go about contributing to the Pag-ibig Fund.
The e-payment system will hopefully make it easier for you to pay your monthly contributions.
Some overseas Pinoys have also inquired if it is possible to apply for Pag-Ibig Overseas Program (POP) membership online. There’s currently no such thing.
However, overseas Pinoys may file their application with any of the following offices:
* Pag-Ibig Overseas Program (POP) Office
* POP Overseas Offices
* Accredited Overseas Marketing Representatives
* Metro Manila and Provincial Offices
[Read more →]
Condo units for sale at The Aston in Manila
Posted by engkanta on January 8th, 2008
The first of a series of high-rise sections of the famous Two Serendra Project at Global City, The Aston is located just right beside Market!Market! in Taguig, Metro Manila.
It is one of the latest and best projects of Community Innovations Inc., a wholly-owned subsidiary of Ayala Land.
One Serendra and Two Serendra are two of the most successful Ayala projects at the center of Global City. One Serendra is nearly completed and earlier sections of Two Serendra are ready for turnover this year.
[Read more →]
Commercial bldg. to open soon near Cebu Doctors in Mandaue
Posted by engkanta on December 16th, 2007
A 9-storey IT and commercial building will open soon at the Zuellig Avenue in the Mandaue Reclamation Area.
The facility, a project of Robinland Inc., will be Called the Robinland Business Center. It is located near Cebu Doctors’ University in Mandaue.
Robinland Inc. says the center has a pre-approved PEZA registration and its tenants would enjoy tax incentives and other benefits granted to PEZA-registered locators.
Attractive incentives await early bookings to the “first IT Building with condo units at the penthouse on the 9th floor,” Robinland Inc. adds.
Robinland says its building is also “intelligent” as it is is equipped with a computerized building management system and was designed with “green building technology” so it is more environment friendly.
Adjacent to the building are dormitories and a few minutes ride away are establishments like SM City, Ayala Center, Marco Polo Plaza, and FF cruz Boardwalk.
Pag-ibig housing loan and net income
Posted by engkanta on October 21st, 2007
Among the four factors used by the Pag-ibig Fund to compute the amount of housing loan that its members may avail of is their monthly net disposable income.
Net disposable income is what’s left of your salary after deducting taxes, mandatory contributions to Pag-ibig and Social Security System (SSS) for the private sector or Government Service Insurance System (GSIS) for the public sector, and loan or other payments (if applicable).
Since Pag-ibig decides on the lowest amount of loan that a member may take out based on either contribution, actual need, loan-to-collateral ratio, or capacity to pay (based on the net disposable income), it is the latter factor that is usually used as basis for most housing loan computations.
The table below is a listing of net incomes and their equivalent housing loan amounts pegged on the loan terms or the number of repayment years.
(For loans over 750,000 pesos, see the rest of the Pag-ibig income table.)