New Development for Cebu Landmasters in IT Park Cebu City

Hi Guys,

It's been a while since my last blog. I'm so glad that I finally have the time to give you another New Development in Cebu City.

This is called the PARK CENTRAL and it's located right beside Skyrise 3. Park Central is actually a development for a Premium Office Space at the Center of Cebu City Information Technology (IT) hub, in IT Park.

Those who are into Business Process Outsourcing (BPO) now have the option to be located in IT park through this development. The BPO offices are located in the 6th to 9th floor of the building and it has a floor area of 981.97sqm per floor.

The offices will be located in 11th to 16th floor and it also have a Penthouse for your office located at the 17th floor. Prices for the said development ranges from Php5,035,000.00 upto Php19,474,000.00 (for the penthouse office unit).

Pre-selling of this New Development will start on October, 2012. 

So here you are friends, Another Real Estate Development for Cebu.

See ya in my next blog post. Chiao!

MABOLO GARDEN FLATS

Name of Project:         MABOLO GARDEN FLATS
Developer:                   PRIMARY HOMES INC.
Location:                     #58 TRES BORCES PADRES 
                                   ST., MABOLO, CITY
Project Area:               1,302 sqm
No. of Floors:              28 FLOORS
No. of Units:                428 UNITS
Delivery:                      2014

• Walking distance or 5 min away from Cebu Business Park/Ayala Mall
• 5 - 10 min away from Asia Town I.T. Park Lahug. Sykes
• 5 - 10 min awas from Mabolo Church and SM City Cebu
• Walking Distance to Major Restaurants and Commercial Establishments
• Easy Access to Manadue City and Cebu City

 TYPES OF UNITS:

• Studio (Php 1.7M - Php 2M)
• Corner Studio (Php 2.1M - Php 2.5M)
• 1-Bedroom Loft (Php 3M - to Php 3.5M)
• 1-Bedroom Corner Loft (Php 3.6M - Php 3.9M)

 UNIT SPECIFICATIONS:

• Finished walls and floors
• Kitchen sink and counter top
• Tiled toilet and bath with bathroom fixtures
• Separate toilet and bath
• Private balcony

AMENITIES:

• Lobby and reception area
• Multi-level indoor parking
• 4 elevators
• Commercial area for laundry, convenience shop, internet café, diner/café   

 HEALTH AND WELLNESS AMENITIES:

•  Infinity pool 
• Fitness gym 
• Jogging trail
• Climbing wall
• Eco gardens   

 FINANCING SCHEME:

• Reservation Fee isPhp 20,000
• Downpayment: 20% of the Total Contract Price payable for 36 months
• Remianing balance can loaned through Pag-Ibig / Bank / In-house Financing

For your Inquiries about Discounts, Computations, Site Tripping & Unit Availability you can contact me directly on my mobile phones for faster transaction: 

Sun:                       0922 - 8500687
PLDT Wireless:     032 - 5128338

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PINECREST RESIDENCES OF PRIMARY HOMES

Everything you want to know about PINECREST RESIDENCES

Pinecrest Residences

ONE PAVILLON PLACE - R. Duterte St. Banawa Cebu City

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International Realtor Member, IRM

REALTORS® - A Title That Stands For Excellence

If you hold a real estate salesperson or broker license, you’re just one step away from receiving the highest seal of excellence you can hold in your profession- the title of REALTOR®.
To receive this title, you must become a member of the National Association of REALTORS®. Your membership entitles you to use the term “REALTOR®” on your business cards and in your marketing materials—a sign to potential clients that you have pledged to uphold the REALTOR® Code of Ethics. It’s the best way to communicate to your clients that their interests are always protected, and that your first obligation is their needs.
In order to meet their obligations to clients, customers, the public, and each other, REALTORS® pledge to:

• Protect the individual right of real estate ownership and to widen the opportunity to enjoy it.
• Be honorable and honest in all dealings.
• Provide abundant representation of clients through increased education.
• Act fairly towards all, in the spirit of the Golden Rule.
• Serve well the community and country.
• Observe the REALTORS® Code of Ethics and conform conduct to its lofty ideals.

Members of the Association enjoy a variety of useful benefits at the local, state and national levels, including discounts on products and services, participation in multiple listing services, continuing education and networking opportunities.

PS:
To become a member in the Philippines contact CREBA-NAR at CREBA Office: 3732270-75, email: crebanar@yahoo.com

Cebu City Officials Propose Higher Realty Taxes

As of December 2010, Cebu City recorded 218,156 real properties in the city, with assessed value of P24.4 million. The Cebu City Assessor's Office wants to increase the tax assessment level of real properties in the city.

City Assessor Eustaquio Cesa said the general revision of the tax assessment of properties is long overdue, because the City has not revised it's property assessments for almost five years.

The City Hall revised it's tax assessment is 2006 but the process is supposed to be done every three years.

"We will recommend for the revision of the tax assessment  because this also affects the City in terms of income," he said. In a news conference yesterday, the assessor's office said it is proposing to increase the tax assessment on residential, agricultural and commercial properties, among others, by at least 20 percent from the existing tax assessment level.

Currently, the tax assessment for residential properties is two percent, 10 percent for commercial and 4.5 for agricultural properties, said Cesa.

"When we say 20 percent of the existing tax assessment level, the increase will be 20 percent of the two percent tax assessment for residential; 20 percent of the 10 percent for commercial; and 20 percent of the 4.5 percent for agricultural," he explained.

City Treasurer Ofelia Oliva welcomed the proposal of the assessor's office, as it will increase City Hall's income, but said there is a need to study it first. "We have to consider other factors like social factors, political factors and environmental factors, among others. We need to examine that," she said.

Asked why the City has not increased the tax assessment level for real properties since the revision in 2006, Cesa said they cannot compel the councilors to do so. Under the Local Government Code, Cesa said, they can only recommend to the councilors to revise the tax assessment of the properties. Cesa said they will recommend the increase in the tax assessment of real properties withi the year, with the hope of implementing it by next year. 

Based on the records of the assessor's office, there were at least 218,156 real properties in the city as of December 2010. The total assessed value is pegged at P47.6 million, with total taxable assessed value of P24.4 million. It's market value on the other hand, is pegged at P285 billion, with total taxable value of P25 billion. There were more real property units last year than in 2009, when only 207,979 properties were assessed. It's total market value then stood at P262 billion and total taxable value, P22 billion.

From January to February this year, the assessor's office has so far registered at least 1,615 real properties in the city, with total market value of P611 million and total taxable value of P67 million.

Source: Sun Star, Cebu

Pag - Ibig Membership Program

Membership Coverage

Republic Act 9679 Sec. 2. Declaration of Policy – It is the policy of the State to establish, develop, promote and integrate a nationwide sound and viable tax exempt mutual provident savings system suitable to the needs of the employed and other earning groups, and to motivate them to better plan and provide for their housing needs by membership in the Home Development Mutual Fund, with mandatory contributory support of the employers in the spirit of social justice and the pursuit of national development. 


Mandatory Membership

• Employers and employees who should be covered by the SSS and the GSIS;
• Uniformed members of the Armed Forces of the Philippines, the Bureau of Fire Protection, Bureau of Jail Management and Penology, and the Philippine National Police;
• Filipinos employed by foreign-based employers, whether they are deployed here or abroad or a combination thereof.

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