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Feb 14, 20231 min read
"Vacant" Unit
Once upon a time, a broker was showing a condo unit to a client.


Feb 13, 20232 min read
ONETT Trap
The ONETT is BIR's "one-time transaction" computation of taxes to be paid for selling a real estate asset.


Feb 10, 20231 min read
RTGS
There is another way to "wire" funds between accounts from different banks. This system is called local telegraphic transfer or RTGS.




Feb 8, 20231 min read
Advanced Rental
Lessors demand tenants pay “advanced rental” in lease contracts. This amount is measured by the number of months of rental.


Feb 7, 20232 min read
Problems with Bank-Fin
Bank-Financed purchases, what can go wrong? Here, I'll discuss two of the most common problems when it comes to bank-financed purchases.

Feb 6, 20232 min read
Bank-Financed Purchases
Here's a short explanation of how bank-financed purchases work in the country. (I thought of making something I could forward whenever...


Feb 3, 20232 min read
Prime Villages CAGR
Here’s the historical CAGR of some of the country’s top villages. You can look at these numbers in two ways...


Feb 2, 20231 min read
25% Tax on Sale of RE
Cong. Salceda filed a bill that imposes a 25% tax on non-essential goods (NEG), which includes RE properties sold for more than P100K/sqm.


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