Philippine Condominium Trends - Ortigas Metro ManilaIt is good news for the Ortigas area investors as the real estate developer Ortigas and Company allotted Php 100 billion for a 10 year development plan tagged as the 'Ayala of the North'. It is aimed for its biggest properties to maximize the values of its central business district. The project is broken down to four phases. The first project, which recently broke ground, is the Circulo Verde master-planned residential community along Calle Industria in Bagumbayan, Quezon City. From the Archives: The Condominium Act of The PhilippinesAN ACT TO DEFINE CONDOMINIUM, ESTABLISH REQUIREMENTS FOR ITS CREATION AND GOVERNMENT OF ITS INCIDENTS (Republic Act No. 4726; with amendments by HB No. 970) SECTION 1. The short title of this Act shall be "The Condominium Act". SECTION 2. A Condominium is an interest in real property consisting of a separate interests in a unit in a residential, industrial or commercial building or in an industrial estate and an undivided interests in common, directly and indirectly, in the land, or the appurtenant interest of their respective units in the common areas. Recommended: Compare Loans / Mortgage Calculator Site(NJ, May 4, 2009) Our professional staff have research to identify an online mortgage calculator for our visitors. We do not want to reinvent the wheel. Now that there is a tremendous financial crisis all over the world, real estate prices have definitely come down. But for the cash-rich, property poor individuals, now maybe the time to prepare for the upswing. FilAm NY Realtor honored as one of 2009 Women Achievers(NJ, April 15, 2009) Jersey City-based Pan American Concerned Citizens Action League, Inc. recently honored Corazon Rivera, corporate head of Bona Tierra Realty which specializes in Manhattan's finest apartments. She is one of PACCAL's 2009 Women Achievers Awardee in Business. Bona Tierra's expertise ranges from condominiums and cooperatives, furnished to unfurnished, short-term to long-term, in pre-war, brownstones, townhouses, or modern-living arrangements. Condominiums Ratings and UpdatesCondominium properties in Makati CBD escalated by 5.3% since January this year. Last year, a 9.9% escalation was reported for the same time period. Full-year rental rate increase is expected to temper to 10% compared with the 15% last year due to mounting supply pressure. |