Real Estate Philippines News Blog

The year 2009 for the Real Estate Philippines industry was much better compared to 2008. In general, most of not all real estate developers saw a recovery on their balance sheets, as the U.S. and the rest of the world slowly gets back up on its feet after taking a big fall in the 2008 global financial crisis. This simply means that people now have more money to spend this year as opposed to last year, so more of us are able to invest in their dream homes.

We must always keep in mind that the Real Estate industry is a CYCLICAL business, meaning that it regularly experiences boom and bust cycles throughout the years and is very much reliant on the income spending power of people at a given time period. You should always observe the market on whether it’s a good time or a bad time to invest in a property. And how will you know? Here are some tips…

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A NEW Malate Condominium that has just launched for your choice investment- 8 Adriatico by Eton Properties of Lucio Tan.

This is a new exciting project where you as investors can get a chance to live/earn in the very prime Malate Manila location!

See the other features of this Malate Condominium by clicking the Read more link below…

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After Manny Pacquiao’s historic win in the recent Pacquiao Cotto fight, it seems that our Hero deserves more than just financial rewards and endless praises – a seat to immortality! Still, Pacquiao manages to be humble with all his enormous blessings. He even gave his father a ringside seat, even though he deserted them when Manny was still young to raise another family. Indeed, a true act of heroism for the Pac-man!

There were rumors about San Miguel Beer giving Pacquiao a Dasmarinas Village Makati house as part of their payments for his numerous SMB endorsements, as discussed in the previous blogpost here: http://www.realestatephilippinesblog.com/smb-gives-manny-pacquiao-a-dasmarinas-village-makati-house/. It seems that the truth behind these rumors has finally come out…

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To those of you who are planning to avail of a Pag Ibig Housing Loan and are first-timers at it, kindly take note that the maximum loanable amount for a Pag Ibig House Loan is P3 million pesos. Also, most of the applicants of Pag-Ibig are usually borrowing P400,000 to P700,000, and you will get the lowest interest rates of these amounts. Hence, Pag ibig housing loans are actually more ideal for middle-income earners.

Below is the Interest Rate table for the corresponding Pag-ibig Loan Amount (30 year maximum loan term):

In addition, take note of these guidelines when applying for a Pag ibig housing loans…

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As we have all seen and felt recently, both Ondoy and Pepeng have taken lots of lives and property while still leaving disease, garbage and wreckage in their tracks. As we still continue to do our part to rise up from these challenges, we must reflect on the hard and valuable lessons that Ondoy and Pepeng have taught us, so we can be prepared the next time storms like these hit us…

Below are some Philippine Property Lessons which you should take note especially after these two storms. It seems that due to Global Warming and Climate Change, more of these abnormal rains will hits us. So in turn, please do feel free to bookmark and share this page to other people as part of our social responsibility to one another:

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Just when we Filipinos thought that nature’s wrath was over, Typhoon Pepeng came back to devastate Northern Luzon, leaving an even worse mark than Ondoy did just weeks ago. Region 1 and Region 2 of the Philippines were the worst hit, including provinces such as Pangasinan, La Union, Pampanga, Tarlac, the Benguet Province, Cagayan Valley, Nueva Ecjia, Nueva Viscaya, and Ilocos.

Baguio City was one of the worst hit due to massive landslides which killed hundres of people and destroyed so many homes. To show you the aftermath of Typhoon Pepeng here are sample pictures from SM Rosales in Pangasinan, where 90% of the province is flooded (credits to Lindfred Yap): http://www.facebook.com/photo.php?pid=2810663&id=649558796&comments&alert#/album.php?aid=115965&id=649558796

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Due to the devastation brought about by tropical storm Ondoy, Eton Properties has surveyed the elevation of all their current projects above Mean Sea Level (MSL), and found that all their projects are virtually flood-free properties. This means that you as investors can feel safe, knowing that all Eton Projects will not be affected by any major-level floodings.

MSL is defined as the average height of the seawater surface including all tide levels. Thus, an elevation of 20 meters means the property is 20 meters above the average height of the sea, making it very safe against heavy floods.

As reported in a meeting yesterday with Eton President Danilo Ignacio, all Eton Projects did not encounter any major flooding. Please find below the summary list of the Elevation levels of all our current projects, showing that ALL our projects are above the Mean Sea Level:

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Indeed, the wrath of Typhoon Ondoy was felt all over the world, especially to us Filipinos. The worst flood and rainfall in 40 years brought about by this unusual storm devastated the lives of over 500,000 Filipinos and ensued property damage of almost P3 billion pesos! Quite a tragedy indeed. For those needing assistance, please visit this link for Emergency Numbers: http://www.realestatephilippinesblog.com/to-those-affected-by-floods-of-typhoon-ondoy-floods/

Since so many of us had our eyes opened by Ondoy, many are now looking for new homes to start with, and now they realize the importance of having an ELEVATED property. The landscape of the Real Estate Philippines World has now changed due to this monster flood: people will now be more conscious of the  property they will be investing in – particularly on whether it’s flood prone or not.

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To Typhoon Ondoy Victims: Here’s a borrowed article on How to Salvage a Flooded Home.

http://www.associatedcontent.com/article/1668459/how_to_salvage_a_flood_damaged_home.html?cat=6

Here’s another one that’s more applicable to the current Philippine situation (credits to Newsbreak.com.ph) :

http://newsbreak.com.ph/index.php?option=com_content&task=view&id=6888

Please do pass this post around to everyone you know, especially the victims! And may God be with us all…

For people who need assistance for Typhoon Ondoy Floods: National Disaster Coordinating Council (NDCC) Emergency Numbers: 912-5668, 911-1406, 912-2665, 911-5061. Help hotlines: 734-2118, 734-2120. Please repost! Be safe everyone!

Addtl numbers for NDCC: 9414061-65 MMDA: 8820851/136 Meralco: 9416112 MV Numbers: 09178577481; 09172414864; 09276751981

PLEASE REPOST! Sen. Dick Gordon (text FULL ADDRESS for the rescue): 09178997898 or 0938444BOYS Sen. Villar rescue text hotline: 09174226800, 09172414864, 09276751981 Rubber boat requests: 838-3203, 838-3354 Rescue dumptrucks: 0917-422-6800, 0927-675-………1981 Bagyong Ondoy: 734-2118, 734-2120 PAGASA: 433-8526 NDCC: 912-5668, 911-1406, 912-2665, 911-5061 Red Cross: 0938-444-2697 and 0917-899-7898

NCRPO # 838-3854 – those who need rubber boats and trucks

Here are some pictures to show the damage of Typhoon Ondoy Floods so far… Let us pray for everyone’s safety! = http://www.facebook.com/home.php?ref=home#/photo.php?pid=2773760&id=526117143

http://www.facebook.com/home.php?ref=home#/photo.php?pid=9189219&id=731015563

I sure hope our Government does something about our drainage system. And all of us must also help in our own way through donations and continue praying.. Godspeed to Everyone!

Eton Properties (of Lucio Tan) has just launched a new project called West Wing at Eton City. This new development will offer House and Lot packages for those who want to live / invest in the Santa Rosa Laguna area, and rightfully so because it seems that many people have been wanting affordable house and lots in this location.

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Scout Area Quezon City is considered to be one of the most prime areas in Metro Manila. Many of the residents here belong to the Upper A class income bracket, or in Lehman’s terms,  Rich . It’s not surprising to find that many Filipino-Chinese also live there, since many Tsinoys here in the Philippines happen to be wealthy as well. Because of this, many of the Filipino-Chinese newlyweds choose this area since they will be near their parents, and they buy townhouses here to live in. There are also many rich Filipinos there as well…

For those of you who are interested to live in this area and are open to a townhouse, you will find a simple comparison chart of the Scout Area Quezon City Townhouses you will see there. Think of it as a guide for you to help you out in your search …

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Sta Rosa Laguna, dubbed as the next major Central Business District in Luzon outside of Metro Manila, has just hit the Billion Peso Mark in terms of city government revenues. It was published just this August 21 at Inquirer (http://newsinfo.inquirer.net/inquirerheadlines/regions/view/20090821-221294/Sta._Rosa_now_part_of_billionaires%92_club), and it seems to be going full steam ahead with its development as a major city here in the Philippines.

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In light of the current “Green Revolution” where businessmen have become more environmentally-conscious, the Philippines is now offering “Green Roofs” and “Green Walls“, or environmentally-friendly roofs and walls to contractors and builders. With this new technology, Philippine Real Estate Developers can now contribute to saving our planet by using these non-harmful materials in constructing their buildings and houses.

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We have been talking about the legal and technical aspects of Real Estate Philippines investing for the longest time, but now let’s ask go into a more supernatural aspect of it: the possibility of your desired property of being a GHOST HOUSE. Not everybody believes in ghosts, and there has been no concrete scientific proof of their existence. Still, so much interest has been devoted to this topic. In fact, we Filipinos are the number 1 Google internet searchers for ghost house activities in the whole world! Perhaps it’s better for us to be wary of such paranormal possibilitie, and here’s why…

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