Real estate sellers and buyers and heirs will pay a bigger amount of taxes starting this year in Muntinlupa City, home to swanky subdivisions such as Ayala Alabang and Palms Pointe, as well as the Filinvest City central business district (CBD) and Madrigal Business Park. Zonal values in Muntinlupa rose 14 to 100% effective Jan....
Tag: property
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There’s no way home for some residents of 4 Marawi villages
MARAWI CITY, Philippines—Bantog Panomblayan firmly stomps on broken red tiles abandoned on the ground. “Eto na ngayon ang bahay ko,” he says. “Na-mimiss ko nga ‘to. Nu’ng nakita ko, parang sumama loob ko.” (This is my house now. When I saw these tiles, I felt angry. I miss my home.) The house is gone. Only...
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Zonal values of residential land surging
Zonal values of residential land are rising by up to about 330% in Parañaque City effective Monday, Oct. 2, catching residents and property owners by surprise. The surge is triggering concerns that the high cost of real property in the city will hamper sales and further make homes unaffordable to most people, especially the Gen...
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As amnesty deadline nears, many property heirs unaware of crucial regulation
It’s a race to the finish for heirs scrambling to settle the estate tax for properties they inherited from relatives who died in or before 2017 as the window of opportunity narrows. Heirs can pay the estate tax and beat the amnesty deadline even without a settlement of the estate if they can submit other...
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With amnesty, property heirs can save on costs, avoid aggravation
Those who inherited property from loved ones who died in or before 2017 better avail themselves of the estate tax amnesty while there is still time. The amnesty period is to end on June 14, unless the government extends the deadline anew. An estate tax is a levy on the privilege of transmitting property upon...
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The conglomerate that a ‘sari-sari’ store built
PANGLAO ISLAND, Bohol—A group of companies that grew from a sari-sari store in Bohol’s capital Tagbilaran City has been so dominant in the commercial center business that mall magnates like the Sys, Ayalas, Gokongweis, Gotianuns or Gaisanos have not gained a foothold in the province. Alturas Group of Companies (AGC) is the clear mall king...
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Going local and green to build 50-hectare, mixed-use ‘family dream’
PANGLAO ISLAND—Bohol’s homegrown conglomerate, the Alturas Group of Companies, began as a sari-sari store 50 years ago in the provincial capital of Tagbilaran. Now it is expanding its beach resort here into a 50-hectare, mixed-use estate at a cost of P25 billion. The expansion is a vote of confidence in the prospects of tourism on...
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Promoting physical, mental wellbeing tops home developers’ agenda
In the not-so-distant past, homebuyers buying a house or condo unit simply involved considering its location, the amenities offered, its size, and finally, the price (does the monthly amortization match one’s budget?). But since early 2020, homebuyers’ considerations have been altered in a big way. When, during the pandemic, people were restricted from going outdoors...