VP Carries The Torch For Mass Housing

Philippine Vice Prez and chairman of the Housing and Urban Development Coordinating Council (HUDCC) Jejomar Binay has signified his concurrence to the terms for the continued inclusion of mass housing projects as a priority sector in the 2011 Investment Priorities Plan (IPP) set to be approved by Malacañang.  HUDCC wants the price ceiling per housing unit to be Php3M and below for a mass housing project developer to be eligible for incentives.  However, the Board of Investments (BoI) is pushing to lower it to Php2.5M.

What's the big deal, you ask?  Eligible developers outside of the National Capital Region (NCR) will be entitled to a 4-year income tax holiday, while those within the NCR will be granted 3 years income tax exemption.  However, the Department of Finance is opposed to the continued tax perks for developers, although it supports a direct subsidy for end-users.

According to Binay, incentives are crucial because housing projects require large capital requirements.  If no incentives are granted, mass housing projects will not be attractive enough to investors.  He hopes that this will also aid in solving the housing backlog in the country which stands at 1.4M housing units, which is projected to hit 5.4M units by 2016.

Mass housing ain't so bad...  For a ceiling of P2.5M - P3M, that's not so bad at all!  Isn't a condominium a form of mass housing too?  It's all in the mind my loves.


Happy Mom's Day!
Jon

Eton Properties added, Finally!

It took me some time to update my website to include the excellent Eton Properties in my listings, but it's definitely worth the time and effort!  Among the properties I'm marketing are:

• Eton Residences Greenbelt (only 2 more units are for sale!  That's how marketable it is!)
• Eton Parkview Greenbelt (another excellent real estate investment or principal residence)
• Eton Emerald Lofts (right in the heart of Ortigas Center - just perfect!)
• 8 Adriatico Manila (just beside Robinson's Manila, how great is that???)
• Aurora Heights (affordable and excellent location - can you spell "RENTAL BUSINESS"???)

Since Eton Residences is close to being sold out, I'll just add our newest pre-selling condo project in Makati - First Homes Makati!  I'll post again once I get it up and running (hopefully w/in the week).

Not to be outdone, 2 Torre Lorenzo is selling like hotcakes!  If you had a property just across DLSU in Taft Avenue in Manila, what kind of investment possibility do you think that means for you?  Do the math... Or better yet, ask me about it and I'll do the math for you hehe =D.  Price increase happening this March 2011!  Ah if only I could buy a unit, I'd be on my way to becoming a landlord (ooohhh the title sounds nice!).

Talk soon,

jon

Real Estate Investment: 2 Torre Lorenzo

Hello,

Just wanted to inform smart investors out there that 2 Torre Lorenzo, the 2nd condo project of Grand Metro Lorenzo, is pre-selling now.  Located in front of De La Salle Taft, this condo is sure to take the area by storm.  Construction is now ongoing, and it is slated to be done by the 4th quarter of 2013.

If you're interested, please leave a message with your contact number or e-mail.  Or, you may visit the site to get more information: Real Estate Investments

jon