Bali’s oneness with nature and its traditions, plus its energetic tourist scene, make the island one of Asia’s most interesting places to visit. And within the Residential Cluster of South Forbes Golf City, the country’s largest fully-integrated and all-themed golf resort city at the forefront of the Metro Sta. Rosa – Tagaytay corridor, recipient of the Best Golf Community Development by the 2007 CNBC International Property Awards, the world’s most prestigious property awards program, and, recently, the Highly Commended Award for Best Development by the 2010 Bloomberg Asia-Pacific Residential Awards, Nirwana Bali becomes the ultimate relaxing tropical community where the private and tranquil atmosphere will encourage everyone to shed off worries, allowing for a better quality of life.

Fun hub. Residents will not want anything more than to eagerly return home from a hard day at work. They enter from the Sta. Rosa – Tagaytay Road through the wide entrance drive into the development, called Orchard Drive, the median landscaped with stately Royal Palms while the outer edges are lined with evergreen trees, adding to the already idyllic setting of the site. Beside it are the cascading lagoons, water jets, and rock formations surrounded with lush tropical landscape that offer respite from the typical residential and developments south of Manila. The main rotunda features a modern Asian paving pattern around a central garden.

Along the main avenue will be the Village Center, catering to every resident’s need, from restaurants to retail stores, and the business center with a cluster of built-to-specification BPOs — all merely a few meters walk from home.

Laidback lodges. Imagine a class of accommodation in Nirwana Bali that fulfils your desire for peace and solitude. Your very own stylishly appointed Balinese villa will allow you the freedom to relax in complete privacy. Equipped with spacious living facilities and modern home conveniences, three new model homes — Legian, Sanur, and Jimbaran — will provide a holiday-like experience that surpasses any star-rated hotel or resort.

These homes ingeniously merge the modern and traditional styles to produce a home that is pleasant and airy. The warm wood tones and Balinese decorative elements contrast beautifully with the clean, spare walls and sharp lines of the whole house. The open, uncluttered layout allows for smooth interaction between those preparing meals in the kitchen, those seated in the dining area and those lounging in the living area. Full-length sliding doors invite the outside landscaping in — part of the Balinese tropical living experience.

Source: Philstar

Ayala Land president Antonino Aquino said the West Tower is a 47-story building offering 372 residential units, including 10 that cost P8.5 million to as high as P75 million.

Officials said the West Tower had quickly drawn the interest of several investors willing to purchase P2.7 billion worth of units, or about 50 percent of the building.

Ayala Land senior vice president and chief marketing and sales officer Rex Mendoza said the West Tower would be the last residential development within the five-hectare One Serendra in Bonifacio Global City.

“In the West Tower, we are combining the comforts of larger, more thoughtfully-planned living spaces, greenery and open spaces usually found in subdivisions with the conveniences of access to an only urban location like Bonifacio Global City,” he said.

Ayala Land is expanding its retail and office development projects in Bonifacio High Street in Bonifacio Global City with the launching of Bonifacio Hi Street Central.

Aquino said the Bonifacio Hi Street Central at the west side of Bonifacio Global City, would offer 35,000 square meters of retail and office spaces.

Bonifacio Global City is being developed by Fort Bonifacio Development Corp., a partnership between Ayala Land, Evergreen Holdings Inc. of the Campos group and state-owned Bases Conversion Development Authority.

Since 2006, Bonifacio Global City has been the home of multinational companies like Deutsche Bank, HSBC, JP Morgan Chase and Samsung, as well as residential projects called One Serendra and Two Serendra. It also houses several institutions like St. Luke’s Hospital, the International School, British School and Japanese School.

Source: Manila Standard Today

There will be a Pre-bidding conference on July 27 at the PNB-Sams Head Office.

Sealed Bidding Terms of Reference:

1. For purposes of definition, the highest complying bid is the complying bid with the highest net proceeds to the Bank.

2. Sale of the property on an “As is- Where is” basis.

3. Sealed offer/s must be placed in an envelop containing the following:

• Bidders should use the bank prescribed “purchase proposal form” accompanied by Buyer’s Information Sheet. If a bidder is a representative of a corporation, the representative must submit a Secretary’s Certificate to represent the said corporation.
• Sealed offer/s to buy must be accompanied by non-interest bearing deposit of at least 10% of the offered purchase price in the form of Cashier’s/Manager’s Check payable to PNB.
• Proof of income such as Certificate of Employment, Income Tax Return and other audited financial statements should be included in the sealed envelop if payment of the bid is installment basis.

4. As a general rule, “No Bid Below Floor Price Shall Be Accepted”

5. No withdrawal of bids shall be allowed once the bid has been submitted. Any Withdrawal of bid should result to the forfeiture by PNB of deposit. Upon selection of the highest complying bid, all non-winning offer including the deposit shall be returned accordingly.

6. In case two or more highest complying bids are identical, the following shall be considered:

• The bid on cash basis shall be considered as the winning complying bid
• If all bids are on installment basis, the bid with the least number of years for installment payments will be acknowledged as the winning complying bid.
• If two or more bids are identical in amount and terms, a private sealed bidding shall be conducted on the next working day.

7. In the event that the highest complying bid fails to comply with the specified payment terms, the 10% deposit shall be forfeited as penalty.

8. PNB shall be responsible in the payment if Creditable Withholding Tax (CWT) up to selling price only and excess shall be for the account of the winning bidder. All other expenses such as documentary stamp tax, transfer tax, registration fees related to the transfer of the title in the name of the winning bidder shall be for the exclusive account of the winning bidder.

9. PNB reserves the right to reject any and all bids at its sole discretion, waive any defects or informality on the bids received and accepts the bid most advantageous to PNB but does not guarantee that any award shall be made.

10. PNB does not assume any obligation whatsoever to compensate or indemnify any bidder for any expenses that may incur in the bidding process.

11. PNB reserves the right to withdraw the foregoing property at any time before the deadline of submission of bids.

12. PNB’s decision is final and binding.

13. For submission procedures, please contact us.

To download the entire listing, click here

For inquiries, call

Vir Santos
Mobile # (63)917-5355689
Landline # (632)8724982
Email: housesforsalephilippines@gmail.com

Such examples of “teamwork” are the backbone of South Forbes Golf City, the country’s largest fully-integrated and all-themed golf resort city at the forefront of the Metro Sta. Rosa – Tagaytay corridor, through its 5 Clusters of Excellence. In recognition of this unique feature, South Forbes has been honored the Best Golf Community Development by the 2007 CNBC International Property Awards, the world’s most prestigious property awards programme, and, recently, the Highly Commended Award for Best Development by the 2010 Bloomberg Asia-Pacific Residential Awards.

“South Forbes assures each and every one our residents a place to live, work, study, shop, and play, all within the walls of the city” said Cathay Land president Jeffrey Ng. “Our 5 Clusters of Excellence all work in synergy, each with its own role, yet one in providing our residents a sustainable way of living.”

Hi-tech Hub. South Forbes recently announced its plans to develop an Information Technology park within its Business Cluster, called the Cyberpark, expected to primarily attract Information Technology locators that are engaged in, but not limited to, software development and application, IT-enabled services, content development for multi-media or internet purposes, knowledge-based and computer-enabled support services, business process out-sourcing, and IT research and development.

“The creation of the South Forbes Cyberpark aims to accelerate a sound and balanced social, economic and industrial development within the Municipality of Silang, Cavite and its neighboring municipalities and localities as well as uphold the potential profitability of the region,” Mr. Ng said.

Cool College. Last year, South Forbes, together with Global City Innovative College, officially started phase one of their 10-year plan to develop South Forbes City Colleges (SFCC).

“The continuous growth of the industries in the region, including the locators in our very own Cyberpark, will rely on the presence of more institutions of higher learning to provide the resources of a knowledge-based economy,” added Mr. Ng.

SFCC will have modern facilities and equipped with fiber optic connectivity to insure that the future potential applicants and enrollees will be educated and trained on an international standard.

Source: Philstar

For those who take pleasure communing with nature, Ayala Greenfield Estates is the ideal place to appreciate diverse flora and fauna. “Animal lovers will truly enjoy living in Ayala Greenfield Estates, where 35 species and 21 families of endemic and migratory birds such as doves, woodpeckers, flower peckers, swallows, wagtails and shrikes can be seen,” shares Jose Juan Jugo, Head of the Land and Houses Division of Ayala Land Premier. “After a long day, they can relax at the tree house and picnic huts surrounded by gardens at the 15-hectare Nature Park.”

The Wild Bird Club of the Philippines (WBCP), a bird-watchers group dedicated to the hobby of ornithology, often goes on club tours as they admire and record local avian populations in the country. Once in a while, they will allow non-members on guided tours, which is a great opportunity for nature lovers to find out about the endemic species in their area.

Equipped with a field guide, cameras and powerful binoculars, the group taught Ayala Greenfield Estates residents that while birding may seem like a solitary activity at first, it actually is more social than it seems as members trade notes on the species that they’ve spotted, rejoicing in new discoveries and having the immense satisfaction of having connected with the boundless beauty of nature by identifying species based on appearance and bird calls. Based on past WBCP activities in Laguna alone, the group has documented over 30 species –and there’s a lot more to be discovered.

Set amidst a lush expanse of elevated land, with natural vistas all around, it is an ideal location for those who want a fresh start. Less than 30 minutes from Alabang via the rehabilitated SLEX, this 350-hectare residential sanctuary developed by Ayala Land Premier offers a distinctive and grand lifestyle for its residents in Calamba, Laguna. Surrounded by the beauty of Mount Makiling, Laguna de Bay, Tagaytay Ridge, and the Laguna Plains, it offers an unparalleled lifestyle where nature unites with world-class design and luxurious amenities to bring a grand lifestyle to residents of the community.

Ayala Greenfield Estates after all, is not only a beautiful place where people can live but it’s also where they can meet neighbors with similar interests — like golfing buddies yearning to take on the golf course designed by Robert Trent Jones Jr., nature lovers who’d like to explore the 15-hectare Nature Park, or yoga enthusiasts in the zone overlooking the grand views. A professionally-run fitness gym, the clubhouse’s beautifully-designed infinity pool, and indoor and outdoor tennis, basketball, and badminton courts –all these enable residents to live a privileged country club lifestyle every day. For those unfamiliar with the area, a short visit emphasizes how easily accessible the development is and highlights its proximity to well-respected medical and educational institutions.

Source: Philstar

Major real estate companies and related industries, including banks and Pag-ibig Fund are participating in the three-day sale.

All types of developments from socialized, low cost housing, MRBs to high-rise condominiums will be offered at discounted prices from key, reliable and reputable developers.

Among the country’s top developers are San Miguel Properties, Crown Asia, Filinvest, Grand Monaco Homes, Fil-Estate, DMCI, Megaworld, Robinsons Land, Carissa Homes, Camella, Moldex, Cathay Land, Britany Corp, Eton Properties, Crown Asia, Camella Homes, Moldex Realty, Fairways and Blue Water.

Among the banks are BPI, Allied Bank, and Metrobank and PSbank.

The PREF is holding the three-day Special Property Sale to serve as a venue for property buyers to be apprised, gain access and buy quality realty assets at discounted prices, with fund matching support services.

Festival chair Rosemarie Basa said the 4th PREF is the “biggest and most comprehensive” exhibition and forum on the latest trends in real estate and tourism development that will be held in the country this year.

She said real estate and tourism industry leaders and practitioners from the US, Europe, the Philippines and other Asian countries are gathering in Manila to participate in the event.

Tourism heavyweights in the region, such as Thailand, Singapore, Malaysia, and Indonesia will also share some of their best practices and model projects that have helped draw consistently heavy tourist traffic into their urban and rural communities.

The festival theme is “Global Tourism and Real Estate Development – Sunrise Industries for the Philippine Economy.”

Basa said the festival aims to focus national attention on the growth potentials of the tourism industry as another engine of growth for the national economy.

For inquiries, email pref_eventsgmt@yahoo.com or call tel.8192058/8640224 or 09081608387.

Source: Philstar

Date: August 5, 2010

To check the properties available, click this link (please make sure you have Adobe Reader to read the file).

If you have any questions or clarifications, contact:

Vir Santos
Mobile # (63)917-5355689>
Landline # (632)8724982
Email: housesforsalephilippines@gmail.com

Ayala Greenfield Estates – Aerial Shots (Golf Course)

Ayala Greenfield Estates – Aerial Shots (Phase 1)

Ayala Greenfield Estates – Aerial Shots (Phase 1 & 3)

With record levels of foreclosures having hit the market in recent years, potential buyers feel they’ve spotted an enticing opportunity. But buying a foreclosed home is fraught with risks. Before you jump on the bandwagon, learn whether you’re a good candidate to do so, as well as the risks and benefits of buying at each stage of the foreclosure process.

Whether or not you should consider buying a foreclosed home depends on several factors, including your homeownership experience, your financial situation, and whether you have access to professionals with experience buying foreclosed properties. Ask yourself the following questions:

Do You Have Prior Homeownership Experience?

Think hard before making a foreclosure purchase your first home buy. Owning and maintaining any home presents challenges — and a foreclosure home may be in a serious state of disrepair and come with legal concerns that make regular homeownership look like a walk in the park. It helps to have already learned the many lessons about the true cost (in time and money) of owning a home (beyond the monthly mortgage payment) and to have developed relationships with home contractors and other professionals who can help you.
Will This Be Your Primary Home or an Investment Property?

If you’re buying the foreclosure for investment purposes, realize that the finances may not be as simple as they first appear. For starters, you probably can’t count on fixing up the place and then flipping it at a profit — the level of repairs required, plus the fact that in areas with bargain foreclosures, home prices may not bounce back for some time, means you’ll have to make sure you can profitably rent the place for some years to come. To learn more about buying foreclosed homes to serve as rental properties, read Nolo’s article Buying a Foreclosed Home as a Rental Property.

How Solid Is Your Financial Situation?

A foreclosure deal may be loaded with surprise expenses. Even before you begin to negotiate, the homework necessary to research the market and property can cost you. More significantly, foreclosed properties were often neglected for months by struggling homeowners or even trashed when the frustrated owners were forced to leave. And if the property has been sitting empty, there’s a chance it’s fallen prey to thieves, vandals, and squatters. Stealing copper pipes and fixtures has become a popular pastime in areas with many foreclosed homes.

Such properties also can come with titles encumbered by judgments, liens, and other attachments that you may have to pay off to seal the deal. Finally, a surfeit of foreclosures typically signals a declining market with the inherent risk of property value declines yet to come. You should have the financial wherewithal to see you through to the next upturn.

Existing or prior home ownership can give you the equity stake you need to cover foreclosure purchase costs, provided you have a solid equity position available in your primary residence. Otherwise, some source of liquid cash to tap, along with low debt and outstanding credit, are all essential.

Do You Have Access to Experienced Professionals?

The arcane foreclosure system is populated with professionals who’ve learned the ropes. Unless you are likewise endowed with foreclosure acumen, get one or more experienced professionals on your side.

You’ll need competent assistance from a real estate agent, attorney, investor, or other professional familiar with local laws and the real estate market, specifically as they apply to your market’s foreclosure system. Your point person should also have ample connections with other savvy professionals, such as a home inspector, appraiser, and perhaps a general contractor. (For information on hiring a real estate agent, read Nolo’s article Choosing Your Real Estate Agent.)

At What Stage in the Foreclosure Process is the Property You’re Interested In?

When you buy a foreclosed property is as important as what property you buy. Here are the pros and cons of buying a foreclosed home at each step in a typical foreclosure process.

Buying a Preforeclosure Home: Pros and Cons

“Preforeclosure” is the period after a homeowner goes into default (typically when a payment is 90 days or more past due), and the lender files a public notice to that effect (Notice of Default or Lis Pendens). You can find these notices in your local public records office, or get them from the local newspaper or on- and offline firms that track this data.

Pros. Experts say that preforeclosure is often the best time to buy one of these properties. Here’s why:

* You’ll have more time to get a comparable market analysis, research the title, and have the home inspected. This is because the default notice typically gives the borrower several months to bring the loan current. (To learn more about checking out the house’s physical condition, read Nolo’s article Get a House Inspection Before Buying.)
* This is a time when the seller may be most accommodating, especially if he or she can walk away with something to show for any equity in the property and avoid further ruining his or her credit standing.
* If the home isn’t up for sale, you’ll avoid open market competition that comes with homes on the multiple listing service. That means there’s a greater chance you can negotiate a favorable price.

Cons. Here’s what to look out for in preforeclosure properties:

* If someone has been unable to pay their mortgage for several months, chances are they also haven’t been able to afford upkeep. That means the home will likely sell “as is” and may need costly maintenance and repairs.
* The title could be tagged with judgments, say, for an unpaid second mortgage or home improvement loan. The judgments could include late fees and other fines.

Buying at a Foreclosure Auction: Pros and Cons

Months after the buyer first defaults, assuming he or she doesn’t bring the loan current, the lender attempts to auction off the property. Foreclosure auctions vary from state to state, but they are typically held on the courthouse steps, in a county office, at the foreclosed home, or some other location.

Pros. The auction can represent the highest potential return for an astute buyer who has done the necessary homework, inspected the property, and verified the home’s value. Here’s why:

* The selling lender is usually motivated to sell at a fair market value.
* Auction terms typically disclose the closing date, removing the guesswork that comes with some contingency-based home sales.
* Many auctions also come with a due diligence packet of comprehensive information on the property, which the buyer can compare with his or her own research.

Cons. Auctions often attract hard core investors who have the cash to flip the property (sell within a short period for a profit) and others who’ve been around the foreclosure block a few times. Having professionals on your side is key.

Here are some other disadvantages to buying foreclosed homes at auction:

* If you make the winning bid, you must pay with cash or cashier’s check (drawn upon a line of credit). All sales are final for the total amount of the bid.
* A bidding war that includes savvy investors could leave you empty-handed or the new owner of a property worth less than your bid.
* You typically can’t inspect the property (unless you already inspected it during preforeclosure) so you will have to rely upon the due diligence packet (the information provided by the seller about the condition of the property). You won’t have time to run comparables or do a title search.
* By foreclosure time, the property has likely been vacant for some time. In addition to preforeclosure conditions, it is not unusual to find filth; missing appliances, toilets, sinks, and even electrical wiring and plumbing; unacceptable floor coverings; and climate-related deterioration.
* Things could get nasty if you have to evict lingering residents from their lost home. The eviction process gives them plenty of time to trash the home or strip it for financial gain. (To learn more about the eviction process, read Nolo’s article How Evictions Work: Rules for Landlords and Property Managers.)

Buying a Real Estate Owned (REO) Property: Pros and Cons

Lenders repossess homes they can’t auction off. The properties are called “Real Estate Owned” properties or “REO” properties for short.

Pros. Here are some of the advantages of buying an REO property:

* When the bank holds the property you once again have time to arrange for an inspection and a title search, which removes some of the risk from the cost. (However, buyer’s agents report that sometimes it is difficult to arrange for an inspection of these properties.)
* Banks may be more likely to finance a home they own — they have an interest in unloading the home in order to eliminate the costs associated with ownership.
* Gone are the owners and, with them, the need to evict.

Cons. There are several big disadvantages to buying an REO property: namely price and dealing with the bank.

* Banks want top dollar to cover their costs and to recover what the previous homeowner owed on the loan. This may be more than the value of the home in the current market, especially if the homeowner had an “upside down” mortgage — one where the outstanding loan balance was greater than the home is worth.
* Buyers’ brokers report that working with banks as the seller can be inordinately difficult. Banks are notoriously unresponsive. You can expect extra work, unreturned phone calls, and to wait several weeks after you make an offer to receive a reply. Buyers’ agents make less money (banks often reduce their commissions) and have to work harder to get a deal for their clients.

Further Information

To learn more about all aspects of the home buying process, including buying foreclosed homes, fixer-uppers, and others, get Nolo’s Essential Guide to Buying Your First Home, by Ilona Bray, Alayna Schroeder, and Marcia Stewart (Nolo).

by: Broderick Perkins

Source: Nolo.com