Subdivisions in the Philippines are becoming an increasingly popular form of housing for many Filipinos, as they offer a sense of community, security, and amenities. However, it’s important to be aware of the rules and regulations that govern these communities, as they can vary from one subdivision to another. Read the article………………………..
Philippines: Homeowners’ associations and their importance
DR. Cielito F. Habito, Professor of Economics at Ateneo de Manila University, gives three reasons why the housing sector is important to the Philippine economy. First, housing is beneficial because it entails large numbers of construction workers. Read the article………………………..
Philippines: How do homeowners’ associations operate?
The essence of community life is association and cooperation for without these such broader welfare goals cannot be attained, according to the Supreme Court in Bel-Air Village Association Inc. v. Dionisio. Read the article………………………..
Philippines: Here’s a Helpful Guide on What You Need to Consider When Choosing Your Very First Condo in Metro Manila
Condo-living may be the closest you can get to achieving the live-work-play lifestyle, especially in Metro Manila. Condos have amenities at arms’ length, are situated in prime locations, and require less maintenance. It’s the kind of environment that attracts young professionals who are striving for independence while making a name for themselves, and are looking […]
Philippines: Lapu subdivision homeowners deny bribing Meco linemen
SUBDIVISION homeowners in Lapu-Lapu City denied allegations that they were bribing linemen of Mactan Electric Cooperative (Meco) to prioritize the restoration of electricity in their area. Read the entire article……………………………….
Philippines: QC legal department files charges vs Brgy Nagkaisang Nayon home owners association president
The Legal Department of the Quezon City government has filed a complaint for violation of health protocols and social gathering against Phase 3 homeowners association president Juancho “Johnny” Ysores. A complaint for Violation of RA 11332, the “Mandatory Reporting of Notifiable Diseases and Health Events of Public Health Concern Act,” was filed at the QC […]
Philippines: Consunji firms to buy back units in quake-damaged condos at 125% to 150% of purchase cost, from 200% as demanded
Two Consunji firms have offered owners of units in their condominiums that collapsed or were rendered unsafe by the series of powerful earthquakes late last year, buyback options of from 125% to 150% of acquisition cost, from 200% as demanded by their clients, and 40,000 pesos a month displacement assistance instead of 50,000. Read the […]
Buying a Condo in Manila: The Ultimate Guide
Across the global media, stories about the Philippines typically revolve around its brutal drug war. So, if you’ve never visited the Philippines, you might be thinking, “why would I ever want a condo in Manila?” While the country does have a bad reputation, Manila real estate is a rather sound investment. The Philippines is a […]
Philippines: Building goodwill among homeowners and their communities
For real estate developers, management of subdivision development projects starts upon the turnover of the project to the homeowners. The homeowners then organize themselves to form the homeowners association, the governing body that will manage the affairs of the subdivision and its members. If you are an elected member of the homeowners association or a […]
Philippines: Perks of condo-living
Condominium living is no longer just a fad or the latest fixation in a country where buyers now enjoy a much stronger purchasing power. It has instead become the preferred lifestyle choice among many Filipinos, be it a millennial wanting to be smack in the middle of the metro’s action, an executive wishing to live […]
Q&A: What Is the Difference between a Homeowner’s Association and a Condo Corporation?
When you purchase a condominium, a townhouse, an apartment, or any kind of property in a planned development, you will have a big stake in maintaining and improving its surroundings. Of course, you will be sharing common areas like the swimming pool, parking lots, or even the subdivision gate with your co-owners and you will […]
The need to go ‘green’
Condominium unit owners are seeing more reasons to go green. Saving the environment is now recognized as a highly urgent matter. The effects of neglecting Mother Nature can be felt around the world given abnormal weather patterns, deteriorating air quality, lack of food supply, and the eradication of small ecosystems which are vital to preserving […]
Q&A: What Is a Condo Corporation?
The growing need for residential space and the resulting lack of developable land in urban areas in the Philippines have led to condominium developments further becoming common in local real estate. If you are among the numerous first-time home-seekers who are considering to buy a condo unit, you likely have a number of questions regarding […]
Homeowners associations’ dues
The Housing and Land Use Regulatory Board (HLURB), the government office that regulates land use, housing development and homeowners associations (HOA), recently issued guidelines on the dues, fees and contributions that HOA may collect from their members. The collection of funds from residents of gated communities, housing subdivisions and residential condominiums is often a bone […]
Facts about condo buying in the Philippines
I’ve run into a few people recently who have asked me if people from Guam can buy a condo in the Philippines. The answer is yes, Guamanians can buy condos in the Philippines because Philippine law allows for foreigners, or non-Filipino citizens, to own condominiums. Read the article………….
For Pet Lovers: 6 Condo Pet Policies You Should Know
Living in a condominium has become one of the top choices most people have. Who wouldn’t, when you got to live a satisfying lifestyle? Right? Renting or owning a condo unit can be one’s fulfillment of their dreams. After all, you can definitely enjoy the ammenities that are available for your use. However, for pet […]
Home ownership Rights (Philippines)
MANY people living in subdivisions and villages are not aware that a law had been passed mandating the rules and regulations that have to be observed in so far as their right to organize in these subdivisions and villages is concerned. This is where the Magna Carta of Homeowners and Homeowners Associations under Republic Act […]
7 steps to get positive results on your condo complaints
Inquirer Property recently received a letter from an owner of a high-end condominium unit in Bonifacio Global City in Taguig City, who wrote that more than 80 fellow residents and unit owners had asked the developer to fix the building’s numerous problems. Read more………
Something is rotten in the state of HLURB
The Housing and Land Use Regulatory Board (HLURB) was created to regulate subdivisions and their homeowners’ associations, and the Magna Carta for Homeowners defines the rights and duties of homeowners. The Magna Carta provides, among others, why and how association officers can be removed from office. But it emphasizes that there should always be “due […]
Bottom line – who shoulders VAT on dues to homeowners association?
QUESTION: Rltr. John, The Bureau of Internal Revenue (BIR) has just released Revenue Memorandum Circular (RMC) No. 65-2012 which says association dues, membership fees, and other assessments/charges collected by condominium corporations are subject to VAT. Is the BIR correct? Who should pay the VAT? Read more……
Ownership of Philippine Condominiums Guide and Laws
Looking for a condominium to purchase will take some time and effort. With the many condo projects existing, being built or at the pre-selling stages, the potential buyer has to be informed of his many options. The potential buyer has many sources of preliminary information for his condo selection process, such as billboards, newspaper and […]