GT Capital plans majority stake in Profriends

GT CAPITAL Holdings, Inc., the holding company for tycoon George S.K. Ty’s businesses, is raising its stake in mass housing developer Property Company of Friends, Inc. (PCFI) starting this year. GT Capital President Carmelo Maria Luza Bautista said in a mobile phone message last week the conglomerate will exercise its option to increase its direct ownership...

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LRT will reach Cavite soon

MANILA, Philippines — With Metro Manila’s insufficient network of trains, the consortium of Ayala Corporation and Metro Pacific Investments Corporation (MPIC) brings good news to commuters: The construction of the P64.9-billion ($1.37-billion) Light Rail Transit Line 1 (LRT1) extension from Baclaran to Bacoor, Cavite will begin in June. House and Lot for Sale This was...

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About Continuing Professional Development (CPD) for Real Estate Brokers

Rules and regulations of Continuing Professional Education (CPE) in the Philippines. A Real Estate Broker in order to renew his license need to present upon renewal a Notarized Continuing Professional Education (CPE) certificate from a PRC-accredited CPD provider. CPE is all about and why professionals should continue to enhance their respective professions. The aim...

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Doing Real Estate Business in the Philippines

Guide when Buying Real Estate in the Philippines This is the standard sharing of expenses between the buyer and the seller when transferring the real estate property title (TCT - Transfer Certificate of Title or CCT - Condominium Certificate of Title) to a new owner: The SELLER pays for the: Capital Gains Tax equivalent to 6% of the selling price on the Deed of Sale or...

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Curious, How much do Brokers Earn?

Working as a real estate broker requires a tremendous amount of talent. The profession entails not only practical skills such as documentation, it demands for sales and people skills to improve an agent’s capacity to earn more. With the booming status of the real estate industry in the country, most people would often wonder how much does a real estate broker earn? There...

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West Valley Fault traverses 57 Subdivisions

FAULT-RIDDEN. Active faults (red lines) cut through a part of Pasig City occupied by subdivisions Valle Verde 5 and 6. Image from Phivolcs' Valley Fault System Atlas MANILA, Philippines – Maps recently released by the Philippine Institute of Volcanology and Seismology (Phivolcs) allow people to see the location of the West Valley Fault and East Valley Fault in Greater Metro...

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BSP plans to launch REP index

MANILA - The Philippine central bank will soon introduce a property price index, part of a series of measures to help prevent an asset-price bubble from forming in the real estate market. The Residential Real Estate Price Index will help policymakers track property prices and assess the risks arising from the country's booming real estate market, Bangko Sentral ng Pilipinas...

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