Mondex Professionals signed with Antel as inhouse international marketing arm

On August 27, 2014, Mondex has signed a marketing agreement with a reputable, 28-year old developer promoting its grandest, exclusive village located at near Mall of Asia and NAIA airports. The high-end community will be benefited by the booming real estate development in the Manila Bay and Cavitex road.

Contract Signing House and Lot near MOA

In this photo: Antel President Fely Ong, Antel VP Kyle Lao and other Antel officers with the officers and managers of Mondex Professionals. Mondex Professionals is a group of licensed real estate brokers and international sellers.

According to OWWA , the high volume of remittances entering the country is coming from the Middle East like Dubai, Saudi Arabia, and Qatar mainly due to the influx of money remittances of real estate investment such as purchases of condominium units, houses and lots, and commercial properties. The top developers in the country have been tapping the international market over the past 10 years. In order to join the bandwagon and in line with Antel’s current marketing focus, Antel has also appointed Mondex Professionals group of international sellers to promote the existing and upcoming projects of the company. The group of international sellers will tap their international networks mostly in the Middle East where most of the Filipino propfessionals are working. In this coming last quarter of the year, Mondex group will be introducing Antel’s exclusive and grandest village in the Middle East.

Antel is one only of the newest projects of Mondex. Mondex has been promoting other properties developed by other reputable real estate developers in the country abroad. Worth to mention is the project being developed by Wee Community Developers Inc., – the Centro Residences and Centro Tower in Cubao, Quezon City.

Interested to be part of the team in the Midde East or other countries? Please email mondex1@gmail.com or call +63-917-5MONDEX/ (02) 831-3139 or visit www.mondexpro.com

Batangas Fully- Developed Resort

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Batangas Resort
IMG_29718711270683

Area: 1,575 sqm
Price: 40 million pesos

3 Basic Rights of a Buyer in the Purchase of a Condominium or Subdivision Units

Right to be assisted by a licensed real estate professionals

  • RA 9646. SEC. 29. Prohibition Against the Unauthorized Practice of Real Estate Service. No person shall practice or offer to practice real estate service in the Philippines or offer himself/herself as real estate service practitioner, or use the title, word, letter, figure or any sign tending to convey the impression that one is a real estate service practitioner, or advertise or indicate in any manner whatsoever that one is qualified to practice the profession, or be appointed as real property appraiser or assessor in any national government entity or local government unit, unless he/she has satisfactorily passed the licensure examination given by the Board, except as otherwise provided in R.A. No. 9646 and the IRR is a holder of a valid certificate of registration and professional identification card or a valid special/temporary permit duly issued to him/her by the Board and the Commission; and, in the case of real estate brokers and private appraisers, they have paid the required bond as provided for in R.A. No. 9646.”

The Philippine Regulatory Board has issued professional license identification cards for all brokers. If you are researching via internet, you may get the name, date of birth and license number and verify it at PRC website. The link is http://www.prc.gov.ph/services/?id=16. The search may be done on the name or the license number of the professional. It is a recommended that you will be assisted by a registered professional to avoid future problems. Moreover, the law requires that real estate service practitioners shall be required to indicate the certificate of registration, professional identification card, PTR number, and the date of issuance and the duration of validity on the documents he/she signs, uses or issues in connection with the practice of his/her profession.

 

Right to demand a receipt and get a copy of any contract

In every transaction particularly involving a real estate, buyer is advised to ask for the official receipts of any payments made. The official receipt is the best evidence of the transaction. Moreover, a company that provides an official receipt signals that the company is legitimate and doing the business rightly.

Sadly, despite being a big companies we could consider, there are still real estate developers who are stable and “with a name”  but are sneaky and conduct their sinister way to avoid paying the proper tax from their revenues. Let us not tolerate these kind of practice who cheat not only on the government, but also on us. Always demand for an official receipt, the one that has serial number and the business Tax Identification Number. Our tax should go where it belongs. You can do your part by reporting any developers who do not issue receipts to the Bureau of Internal Revenue.

 

Right to a Clean Title

Under Sections 25 and 26 of PD 957, Subdivision and Condominium Buyers Protective Decree,

“SECTION 25. Issuance of Title. – The owner or developer shall deliver the title of the lot or unit to the buyer upon full payment of the lot or unit. No fees, except those required for the registration of the deed of sale in the Registry of Deeds, shall be collected for the issuance of such title. In the event a mortgage over the lot or unit is outstanding at the time of the issuance of the title to the buyer, the owner or developer shall redeem the mortgage or the corresponding portion thereof within six months from such issuance in order that the title over any fully paid lot or unit may be secured and delivered to the buyer in accordance herewith.

“SECTION 26. Realty Tax. – Real estate tax and assessment on a lot or unit shall be paid by the owner or developer without recourse to the buyer for as long as the title has not passed to the buyer; Provided, however, that if the buyer has actually taken possession of and occupied the lot or unit, he shall be liable to the owner or developer for such tax and assessment effective the year following such taking of possession and occupancy.”

Upon full payment of the purchase price, the buyer of a subdivision lot or condominium unit shall have a right to possess and own a clean title. If the lot or unit is mortgaged, the owner/developer shall redeem the mortgage within six months from full payment so that the title could be delivered to the buyer. The only fee collectible from the buyer is the registration fee for the deed of sale in the Registry of Deeds. Realty taxes can be assessed on the buyer if he has actually taken possession and occupied the lot or unit prior to the transfer of the title in his name.

Lot Cavite 2.1M

Location : Cavite Province
Address
General Trias, Cavite
Lot Area (sqm) : 680
Price (Php) : 2,150,000

Usage Classification : Residential

With any of the following “special concerns”: Titles and/or Tax Declarations are still in process of transfer to the name of the bank which foreclosed the property/ies; Titles are already under the name of the bank which foreclosed the property/ies but the properties are still occupied by the former owners  , tenants or illegal occupants; or there are property documents that still need to be updated.

Lot Cavite 2.1M

Location : Cavite Province
Address
Poblacion, Gen. Trias, Cavite

Lot Area (sqm) : 1,401
Price (Php) : 2,135,000

Usage Classification : Residential
With any of the following “special concerns”: Titles and/or Tax Declarations are still in process of transfer to the name of the bank which foreclosed the property/ies; Titles are already under the name of the bank which foreclosed the property/ies but the properties are still occupied by the former owners , tenants or illegal occupants; or there are property documents that still need to be updated.

Lot Cavite 2M

Location : Cavite Province
Address
Trece Martires, Cavite
Lot Area (sqm) : 1,759
Price (Php) : 2,000,000

Usage Classification : Residential
With any of the following “special concerns”: Titles and/or Tax Declarations are still in process of transfer to the name of the bank which foreclosed the property/ies; Titles are already under the name of the bank which foreclosed the property/ies but the properties are still occupied by the former owners , tenants or illegal occupants; or there are property documents that still need to be updated.

Lot Cavite 5K

Location : Cavite Province
Address
Trece Martires City, Cavite
Lot Area (sqm) : 1,000
Price (Php) : 500,000

Usage Classification : Residential
With any of the following “special concerns”: Titles and/or Tax Declarations are still in process of transfer to the name of the bank which foreclosed the property/ies; Titles are already under the name of the bank which foreclosed the property/ies but the properties are still occupied by the former owners , tenants or illegal occupants; or there are property documents that still need to be updated.

Lot Cavite 7.3K

Location : Cavite Province
Address
Trece Martires, Cavite
Lot Area (sqm) : 416
Price (Php) : 730,000

Usage Classification : Residential
With Titles and Tax Declarations duly consolidated/transferred under the name of the bank which foreclosed the property/ies.

The bank holds possession of the foreclosed property/ies with its authorized caretakers, particularly those with improvements and can be visited/inspected anytime.

Lot Cavite 1.6M

Location : Cavite Province
Address
Trece Martirez, Cavite City
Lot Area (sqm) : 1,904
Price (Php) : 1,600,000

Usage Classification : Residential
With Titles and Tax Declarations duly consolidated/transferred under the name of the bank which foreclosed the property/ies.

The bank holds possession of the foreclosed property/ies with its authorized caretakers, particularly those with improvements and can be visited/inspected anytime.

Lot Cavite 5K

Location : Cavite Province
Address
Paliparan, Dasmarinas, Cavite
Lot Area (sqm) : 500
Price (Php) : 500,000

Usage Classification : Residential
With any of the following “special concerns”: Titles and/or Tax Declarations are still in process of transfer to the name of the bank which foreclosed the property/ies; Titles are already under the name of the bank which foreclosed the property/ies but the properties are still occupied by the former owners , tenants or illegal occupants; or there are property documents that still need to be updated.