Below are some of the most frequently asked questions that we normally get from our clients. If you require help with some of your questions that are not listed below, then please contact us and we will gladly help you out.

  • Although foreigners cannot own land in the Philippines, they can purchase units in condominium buildings, so long as foreign ownership in a single project will not exceed 40 percent.
  • If married to a Filipino, the foreigner can buy land provided the title will be in his or her spouse’s name. In the event of their spouse’s death, the foreigner becomes the natural heir and may do any one of the following: dispose of the property within a reasonable amount of time and collect the proceeds; pass the ownership to their children or legal heirs; or in case the couple is childless, turn over the ownership to the Filipino spouse’s relatives.
  • Foreigners may lease land for up to 50 years and renew the lease for another 25 years.  You can legally own the house or building that you built on the land you are renting.
  • Non-citizens may own land through corporations that are at least 60 percent Filipino-owned. Many foreigners partner with Filipinos to form a corporation, with the former enjoying a maximum of 40 percent of the shares. Through this route, foreigners may acquire land, condominiums, residential houses and lots, and commercial buildings.
  • Former natural-born Filipino citizens may acquire land but with limits. The law prescribes that natural-born Filipinos who have acquired foreign citizenship may own up to 1,000 sqm of residential urban land or 1 hectare of residential rural land.

Reference: Batas Pambansa Blg. 185 and Republic Act 8179 amendments to the Foreign Investment Act of 1991

As a buyer of a property, you are entitled for the following rights:

  1. You have the right to demand the developer to deliver the title of the unit or property upon full payment;
  2. You have the right to get reimbursed with the amount you have paid in lieu of the agreement, including the amortization payments. This means that it is illegal for the developer to forfeit any installment payments in favor of the developer or owner.
  3. You are covered with the Maceda Law or Realty Installment Buyer Protection Act for all transactions or contracts involving the sale or financing of real estate on installment payments, including residential condominium apartments but excluding industrial lots, commercial buildings and sales to tenants, where the buyer has paid at least two years of installments.

Reference: Republic Act 6552 Realty Installment Buyer Protection Act and Presidential Decree No. 957 – Subdivision and Condominium Buyers Protective Decree

The prices posted in our website are current prices at the time of publishing. These prices are however subject to change without prior notice and respective developers reserve the right to correct errors in the pricing and other details discovered in the time of sale. It is recommended that you contact us to confirm the pricing and availability of your desired property.

You can pay a downpayment of at least 20% of the total contract price and the remaining balance can be paid via the following financing schemes:

  • In-house Financing
  • Bank Financing
  • Pag-Ibig Loan (HDMF)

Availability of financing would depend on which type is conveniently adapted by  developer. Some developers are superior on one financing scheme and appear to be disadvantageous on other types of scheme. It is ideal that you contact us for more detailed information of each developer’s financing scheme offer and we can disclose to you the advantages as well as the disadvantages.

Purchases from Individuals:

  • Philippines Capital gains tax – 6% of actual sale price. This is paid by the seller but in some cases it might be expected that the buyer pays. This percentage could differ if the property assessed is being used by a business or is a title owned by a corporation, in this case the percentage is 7.5%
  • Philippines Document stamp tax – 1.5% of the actual sale price. This is paid by whether the buyer or the seller upon agreement. Normally however, it is the buyer who shoulders the cost.
  • Philippines Transfer tax – 0.5% of the actual sale price
  • Philippines Registration fee – 0.25% of the actual sale price

Purchases from Developers:

  • Philippines Capital gains tax – 10% of actual sale price. This value might be expressed as part of the sale price.
  • Philippines Document stamp tax – 1.5% of the actual sale price
  • Philippines Transfer tax – 0.5% of the actual sale price
  • Philippines Registration fee – 0.25% of the actual sale price

The Real Estate Service Act requires homebuyers to buy properties from licensed real estate brokers only. If dealing with a licensed estate sales agent, the agent will be registered with the Professional Regulatory Board of Real Estate Service.

There is no recourse except filing fraud-related charges against the posing agent or broker with the authorities the same way you would when filing a crime report. If, however, you have dealt with a licensed broker or a registered agent who has been unprofessional with his duties, you may report to the Professional Regulation Commission (PRC) as necessary.

You can also verify whether your real estate broker or sales agent is licensed or registered with PRC via this link.

Reference: Republic Act No. 9646 – The Real Estate Service Act of 2009

If you cannot find a property that you are interested in, we can definitely refer you with some other properties that we might have in our inventory that is currently not listed or properties that we have reserved but might still be available. Please fill out the form below so we know what you are looking for:

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Repricing period, also referred to as cycle, tenor, or fixing period, is the period for which the interest indicated will apply. After this period interest rates will be repriced, to either go up or down depending on economic factors prevailing at the time of repricing. You probably have noticed that the longer the repricing period, the higher the interest rate which, at initial glance, could be a disadvantage for you. However, choosing a longer repricing period offers you the protection of having a fixed rate, regardless of any fluctuations, particularly upward movements, due to economic conditions. We advise that you consider and weigh all the factors that could affect rates in the future and strike a balance between paying a higher fixed interest rate as against hedging your bets for better and lower rates in the future.  Here is the table for Pag-Ibig Repricing/Fixing Period effective July 1, 2018.  (Rates may change without prior notice)

Interest Rates (based on Fixed/Repricing Period
1 Year 3 Years 5 Years 10 Years 15 Years 20 Years 25 Years 30 Years
5.375% 6.375% 7.270% 8.035% 8.585% 8.800% 9.050% 10.000%

Loan Term or Amortization Period, on the other hand is the duration or length of loan until you complete the payment.  Pag-Ibig offers very affordable terms that can be stretched up to 30 years.  The loan term is not dependent on the repricing or fixing period you have chosen.  For example, you can choose a 3-year repricing for a 15-year term.  That means you can expect a repricing 5 times during the entire term.

See below table for the loan to income ratio from Pag-Ibig.  The figures below are the minimum gross monthly income required to be approved on your desired loan amount.  (This table uses a 3-Year fixing period)

Loan Term / Loan Amount P500,000 P1 Million P2 Million P3 Million P4 Million P5 Million P6 Million
5 Years P28, 277.31 P56, 554.63 P131, 960.80 P197, 941.23 P263, 921.63 P329, 902.03 P395, 882.43
10 Years P16, 575.89 P33, 151.77 P77, 354.13 P116, 031.20 P154, 708.23 P193, 385.30 P232, 062.37
15 Years P12, 828.43 P25, 656.86 P59, 866.00 P89, 799.00 P119, 731.97 P149, 664.97 P179, 597.97
20 Years P11, 062.83 P22, 125.69 P51, 626.60 P77, 439.87 P103, 253.17 P129, 066.47 P154, 879.77
25 Years P10, 083.17 P20, 166.37 P47, 054.83 P70, 582.27 P94, 109.67 P117, 637.10 P141, 164.53
30 Years P9, 489.94 P18, 979.86 P44, 286.37 P66, 429.53 P88, 572.73 P110, 715.90 P132, 859.07

To use this table, let’s say you want to take a P1 million loan from Pag-IBIG. You prefer to pay this for 20 years and you opted for a 3-year fixing period. Looking at the table, Pag-IBIG will require you to show proof that you are earning a gross income of at least P22,125.69 per month.

It depends on your eligibility status, you can check the eligibility requirements by clicking here.  Once you are eligible for the loan, you need to comply the requirements listed here.  The maximum repayment period for the loan is thirty (30) years and you shall pay a processing fee of Php 3,000.00 (Php 1,000.00 is paid upon filing of the loan application and the remaining Php 2,000.00 will be paid upon loan takeout).

Reference: Pag-Ibig Housing Eligibility Requirements , Documents Required Upon Loan Application and Checklist of Requirements

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