Field Trip: Pacific Palisades Ermita Condominiums

An ideal investment with lots of income potential for those looking eager to make cashflow through real estate. This is a chance you can fulfill your dream by earning through passive income. Strategically close to everything from schools, businesses and other scenery on the historical area of old Ermita and Malate district in the city of Manila.

A dramatic addition to the Ermita area, the Pacific Palisades is strategically nestled in the hub of Malate. It is a stone's throw away from the many beautiful and famous landmarks of Manila, within a proximity of convenience and accessibility. Truly, enjoy the luxury of time and comfort!

Pacific Palisades offers the power of mobility for both business and leisure. Offices, hotels, universities, churches, medical centers, casinos, the US Embassy, the International airport, and SM Mall of Asia are all within the reach.

Relax and be united with nature at your doorsteps. Be inspired in awe by the famous Manila Bay sunset, stroll along the Bay Walk, visit the historical Rizal Park, the Walled City of Intramuros, Fort Santiago, the Golf Course, Metropolitan Museum, the Cultural Center of the Philippines, the Trade and Exhibit Centers, and other points of interest.

Enjoy a kaleidoscope of lights and sounds experience in the city's exhilarating night life. Malate has the coolest bars and restaurants to unwind in at the end of day.





Location:
Pacific Palisades,
Maria Orosa Street, Ermita, City of Manila, Philippines

Additional Information:
Pacific Palisades BUILDING FACILITIES
- Grand lobby for the condominium with reception counter
- Two passenger elevator
- 24-hour Association's Security
- Provision for two telephone lines for each unit
- Provision for house entry phone system
- MATV & CATV provision for each unit
- Provision for hot and cold water at toilets
- Individual electric and water meters
- Individual mailbox with key
- Automatic fire alarm and sprinkler system
- Overhead water tank and underground cistern for ample water supply
- Stand-by generator for common areas
- Centralized garbage disposal system
- Individual Condominium Title Certificate (CTC)
- Parking slots (optional)

STUDIO UNIT
- Imported laminated flooring
- Ceramic tiles at toilet & bath
- Modular kitchen cabinets
- Provision for exhaust duct for kitchen and toilet
- Provision for window-type air conditioner

For inquiries and details on this property, please contact CRB Benedict F. Baluyut, Licensed Real Estate Broker at 0917-510-0734 or e-mail at bfbaluyut@gmail.com.

NEWS: Angeles City eyed as among the retirement spots in the Philippines

Metro Angeles Chamber of Commerce and Industry, Inc. has recently invited REBAP - Pampanga Chapter representatives on the Central Luzon Retirement Industry Summit which will held inside the Oxford Hotel, Clark Freeport Zone on 21st February 2008.

The Retirement Industry is one of the emerging sectors of the multi-billion dollar Health and Wellness Industry which is among the priority sectors of the national government.

A project of the Central Luzon Retirement Industry Enhancement Team, the briefing aims to provide information to the stakeholders on the Retirement Industry in the Philippines and to present the prospects of the industry in the region. Likewise, it endeavors to involve the participation of the key stakeholders in the preparation of the region’s Retirement Industry Roadmap and Strategic Development Plan.

The Central Luzon Retirement Industry Enhancement Team is composed of key agencies and organizations from both the government and private sectors. The team is chaired by the Philippine Retirement, Incorporated (PRI) and co-chaired by the Department of Trade and Industry-3 (DTI-3) and the Philippine Retirement Authority (PRA).

NEWS: US recession will not affect Philippine real estate

Construction magnate Reghis Romero II yesterday said a possible US recession as a result of its housing market crisis will not likely affect the Philippine real estate industry.

“In the Philippines, the loan to collateral ratio (for housing loans) is very strict so it would not happen, Romero, national president of the Chamber of Real Estate and Builders' Association, who was the guest speaker at the general assembly meeting of CREBA-Negros Chapter in Bacolod, said yesterday.

Romero said Philippine banks also do not use the same mortgages as their US counterparts which experienced sharp rise in home foreclosures.

CREBA has instituted the use of contract-to-sell instead of mortgage origination in documenting installment sales of house-and-lot packages to prevent subprime crisis in the Philippines .

“The advantage of that is the title is not yet under the name of the buyer. If a (homebuyer) fails to pay, then the contract can immediately be reverted back to the bank, and the bank can use or sell it, or securitize it,” Romero said.

Prior to the use of CTS, a deed of sale is issued to a homebuyer even with only 10 to 30 percent downpayment.

Romero said the “pump priming” of the national government through housing projects like the “One Million Homes Program,” aimed to address housing backlog, can also help the real estate industry.

“We have projects that will spur development in the housing sector. CREBA will take the lead in supporting this program, for the Filipinos not to experience the impending American recession,” he said.

HOUSING BACKLOG

Romero said the Philippines has a housing backlog of 4.5 million within 20 years thus, a production rate of at least 500,000 socialized and low-income housing units per year needs to be achieved.

From 2005 to 2010 alone, a total of 200,000 houses per year should have been built, he said.

MODERATE GROWTH

Romero said the country's real estate industry is “in a state of moderate growth and in a process of consolidation from last year, 2007, to 2010.”

“In other words, what we do now or how we fare this year will create an impact on what the industry will become in 2010. This is the time to act, to make the machine grind at a pace higher than it did in the recent past, otherwise, we may lose one good chance,” he added.*NLG

Source: Visayan News Daily (January 25, 2008)