Cebu Grand Estate.com 
        Philippines - Premier Home of Real Estate Properties in Cebu

FREQUENTLY ASKED QUESTIONS

Why Invest in the Philippines?

     Considered as Asia's New Big Investment Hub. - It is also the best Asian country in terms of overall quality of expatriate life, considering its cultural compatibility with expatriates, housing, sporting, recreational facilities, quality healthcare, first-rate educational institution and its abundant natural resources.
Why Real Estate?

     It's an Investment that Never Depreciates. The value of real estate properties always increase as times goes by. Buying real estate is a solid, tangible investment which you can use as your home of residence or as a means of earning profits | income either by selling, renting and leasing.
Who can Buy Real Estate Property in the Philippines?
1.) Philippine citizens who are residents of the Philippines
2.) Philippine citizens who are residents of another country or working overseas who maintain their Philippine citizenship
3.) Philippine dual citizens
     3.a.) Natural-born Philippine dual citizens. Those born with a Philippine and foreign citizenship as a result of the concurrent application of the laws of the Philippines and a foreign country which consider one a citizen of each country, e.g., those born to a Filipino and foreign parent.
     3.b.) Natural-born Philippine citizens who subsequently acquire foreign citizenship involuntarily, i.e., without undergoing foreign naturalization, e.g., marrying a foreign national whose country automatically considers the Philippine spouse its own citizen and who have not renounced their Philippine citizenship by any act or omission.
     3.c.) Natural-born Philippine citizens who voluntarily opted to acquire foreign citizenship but eventually chose to reacquire their natural-born Philippine citizenship status under the Philippine Citizenship Reacquisition Act of 2003 (Republic Act No. 9225), regardless of whether or not they have renounced their previous foreign citizenship.
4.) Philippine corporations whose capital stock is 60% Filipino-owned
NOTE: There are no area limits on the ownership by Philippine corporations of non-agricultural private land. Philippine corporations may lease, but not own, public agricultural land not exceeding 1,000 hectares for two 25-year periods and own private agricultural land not exceeding a combined total of 5 hectares (50,000 square meters).
Cebu Real Estate 
                  Properties and Investment in the Philippines.
Can Foreigners Own Real Estate in the Philippines?

     Generally, only Filipinos are allowed by Philippine laws to acquire by purchase, transfer or assignment any lands however foreigners may be able to acquire properties in the Philippines by any of the following:

Lease the Property - You can lease public and private land for 25 years with an automatic renewal for 25 years, (just enough time for return on investments). This is also a cheap alternative, but it makes it difficult to make any sort of investment return on a property.

     However, it is ideal for those thinking of retiring here. Unlike many countries such as Thailand or Indonesia, a lease on property for a foreigner is a very easy and straightforward step to take in the Philippines. This is the easiest, least time-consuming, and safest way for a foreigner to purchase small areas of land within the Philippines. It can be done directly with the owner.

Through a Filipino Trustee or wife - Have a Filipino (you can trust) where you can put the title or ownership of property in his/her name. This is the most common way for small-scale investors to buy property here.

Purchase land as a Balikbayan - The Government of the Philippines has recently passed the Dual Citizenship Act which gives all former Filipinos the right to purchase land within the Philippines.

Buy A Condominium Unit - You can own 100% of the unit but not more than 40% of the entire condominium project.

Form a Corporation - You can form a corporation with Filipino partners with the sharing of 40% foreign - 60% Filipino capital. This is the most iron-clad form of property ownership for foreign investors, and definitely the preferred form of property ownership for those thinking of establishing a resort, or tourism facility. In fact, the majority of existing resorts and businesses owned by foreigners are using this form of ownership.

Inherit the land if your Spouse dies - This simply means, when your Filipina wife dies, you as the compulsory heir, together with your children if you have any, will become the legal owners of her property.

Is it safe to buy land in the Philippines?
     Yes, the Central Registration of documents ensures that you can buy with complete confidence. We can provide certified copies of documents evidencing title to and/or rightful possession over properties. If you want a certified copy of the title, we charge a small fee.

Can I form my own Land Holding Corporation?
     Yes, provided that the foreigner (you) shall own a maximum of 40% and give away the other 60% to Filipino incorporators.

When I buy a beach, how much of the beach do I own?
     The shoreline of the whole Philippines belongs to the government. When you buy a piece of beachfront lot you have to obtain a “Foreshore Lease” from the government which shall afford you possession and control of the beach from the High Tide – to the Low Tide mark as lessee thereof. This law was promulgated to prevent squatters living on beaches within the Philippines, and to protect the environment. No development is allowed on any beach closer than 30 m to the high tide mark.

How can I be certain that these properties are legitimate?
     Prior to your arrival we can send certified copies of title for any of the properties you inquire about. Upon your arrival we can arrange you to have a meeting with our lawyer, and can also take you to an independent lawyer who specializes in real estate laws of the Philippines. We are registered Real Estate Agents, certified by the State, and can (if needed) supply contact details of happy clients who will verify their satisfaction with our service.

What are the terms of the sale?

     Financing is available, but not common in the Philippines. The most common form of payment is 30% deposit and then the balance when the title is changed over. This payment must be paid in cash, at the time of the sale. Philippine Pesos or U.S. dollars are accepted. Taxes and associated closing costs will amount to about 8.25% of reported price of your property.
We would like to hear from you. If you have COMMENTS, INQUIRIES, QUESTIONS, RESERVATIONS, SITE TOUR or SHOWROOM VIEWING and SUGGESTIONS, FEEL FREE to contact us anytime. Please fill out the form below and we'll return you a message as soon as possible. THANK YOU VERY MUCH.
 
*PLEASE INDICATE THE PROJECT NAME OF CONDOMINIUM or PROPERTY YOU'RE INTERESTED IN AT THE"SUBJECT" LINE

LEGAL DISCLAIMER:

Cebu Grand Estate.com reserves the right to correct typographical errors in this material. Pictures shown herein are for presentation purposes only and are subject to change without prior notice. Nothing contained herein shall contain or be construed as an offer to represent a part of any contract, nor shall any contract or any part thereof be established upon.

All project details, specifications, prices, payment terms, architectural design and other information given are part of the project presentation of the development and/or are subject to change without prior notice and do not form part of an offer or contract. Everyone is advised to inquire at Cebu Grand Estate.com office for confirmation or take an actual viewing and perform careful study of listings presented.
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~FEATURED CONDOMINIUMS~
SOLINEA 3 - LAZULI
HLURB TLTS NO. 0037
STUDIO/ 1BR / 2BR
@ SOLINEA complex, CEBU BUSINESS PARK across Ayala Center Cebu New Wing Extension, CEBU CITY
MORE INFO HERE >>>
STATUS: TOWER 1 and 2 Construction is On-Going, TOWER 3 (Pre-Selling)
~ ~ ~ ~ ~ ~ ~ ~ ~
PARK POINT RESIDENCES
HLURB TLTS NO. 0021
1BR (SOLD OUT) / 2BR
@ On TOP of RUSTAN'S, Ayala Center, Cebu - New Wing, CEBU BUSINESS PARK, CEBU CITY
MORE INFO HERE >>>
STATUS: Construction is On-Going FULL SWING
~ ~ ~ ~ ~ ~ ~ ~ ~
AVIDA RIALA 3
HLURB TLTS NO. 0045
STUDIO / 1-BR / 2-BR
@ Cebu IT Park District, Lahug, across JP Morgan Chase Building
MORE INFO HERE >>>
STATUS: TOWER 1 and 2 Construction is On-Going, TOWER 3 (Pre-Selling)
~ ~ ~ ~ ~ ~ ~ ~ ~
AZALEA PLACE
HLURB LTS NO. 25519
STUDIO/ 1BR / 2-BEDROOM
@ Gorordo Avenue, Lahug, Cebu City across UP Visayas Campus
MORE INFO HERE>>>
STATUS: Construction is On-Going FULL SWING
~ ~ ~ ~ ~ ~ ~ ~ ~
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~READY FOR OCCUPANCY CONDOS~
1016 RESIDENCES
HLURB TLTS NO. 0005
2-BEDROOM / 3-BEDROOM
@ Block 10, Lot 16, Cebu Business Park beside City Sports Club of Cebu across Ayala Center Cebu
MORE INFO HERE >>>
STATUS: 1016 Residences is now READY FOR OCCUPANCY
~ ~ ~ ~ ~ ~ ~ ~ ~
AMISA MACTAN
HLURB LTS NO. 20656
STUDIO/ 1BR / 2-BEDROOM
@ Punta Engaño, Lapu - Lapu City, Mactan Island, Cebu, Philippines
MORE INFO HERE >>>
STATUS: AmiSa Private Residences is now READY FOR OCCUPANCY
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AVIDA TOWERS CEBU
HLURB LTS NO. 21798 / 21869
STUDIO / 1-BR / 2-BR
@ Cebu IT Park District, Lahug, across Aegis Contact Center Building
MORE INFO HERE >>>
STATUS: Avida Towers Cebu is now READY FOR OCCUPANCY
 
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