Philippine Real Estate: What OFWs and Expats Should Watch Out For

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Many OFWs and foreigners are encouraged to purchase property due to the surge of low cost housing, usually by unscrupulous developers.

The Philippine Property Market has grown tremendously over the past 5 years. In fact, RP real estate industry grew an all time high of 17% in 2007. This is mainly driven by internet marketing, increased tourism, increased remittances from OFWs and foreign investments. Many OFWs and foreigners are encouraged to purchase property due to the surge of low cost housing, usually by unscrupulous developers. The main attractions for buying properties in Philippines are: low cost of living, cheap properties, scenic views and friendly people. However, this flourishing industry is abused by real estate sales agents and real estate developers in Philippines.

All over the internet, there are numerous listings of low cost properties. Hundreds and thousands of flyers are distributed in malls, hotels and tourist destinations in Philippines. However, a great many of these real estate developers and real estate salesmen in Philippines do not have the proper certificates and licenses to operate or sell property.

There have been many reports of Filipino Overseas Workers who have been swindled by gutless real estate developers in Philippines. The brochures and flyers of these developers showcase lovely homes, colourful promises. Notice that they also have disclaimers that say “This brochure is developed based on artist interpretation. The developer reserves the right to alter property details without notice…” and so on. Foreigners and OFWs who are interested in buying properties in Philippines should be careful not be lured into these properties. They are advised to look for a HLURB seal or license number. The Housing and Land Use Regulatory Board is a quasi-judicial sector of the Philippine Government who controls and regulates all the sale, lease, listing, advertising and any activity relating to the purchase of housing, land and condos in Philippines. If you do not see this seal or license, please report to HLURB Cases and Other Legal Matters: 924-3367.

Foreigners and OFWs who are interested in buying or selling property investments in Philippines should also try to look for a reliable and licensed real estate broker. There are so many unlicensed sales agents on the internet that do not even have a license or do not have an affiliation with a brokerage in Philippines.

Investing in Philippines might prove to give high returns of investment – but only after due diligence. Buying Philippines Property 2008 (Insights from StrategicAnalyst) is an eBook on How to Buy Properties in Philippines. The author, Andrew Sheldon, has written several reports on international real property investments. He is an Australian expat, who has lived in Philippines for almost 2 years now and has been able to achieve control over several Philippine Properties.

http://sheldonthinks.ecrater.com/product.php?pid=2660019

Real Estate Philippines, Philippine Properties, Foreclosed Philippines, How to buy land in Philippines, How to buy property in Philippines

Foreclosed Properties in Batangas Province

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Location Area
Trapiche, Tanauan City, Bats.-Agricultural Land 7,435 sq.m
Ulango, Tanauan City, Bats. -Agricultural Land 1,858 sq.m/5,277 sq.m
Pob.3, Sto. Tomas, Bats. -Residential Lot 100 sq.m
Sta. Ana, Sto. Tomas, Bats. -Agricultural Land 2,178 sq.m
Banjo East, Tanauan City,Bats.-Residential Lot 164 sq.m
Janopol Tanauan City, Bats. -Residential Lot 230 sq.m
Altura South, Tanauan City, -Res./Agri. Lot 3,000 sq.m
Tanauan City, Bats. -Res./Agri. Lot 2,139 sq.m
Malaking Pulo, Tanauan City -Residential Lot 853 sq.m
Malaking Pulo, Tanauan City -Res./Agri. Lot 1,741 sq.m

If you are interested, please email propertypo@gmail.com and make an offer.

These bank foreclosed properties require an offer or bid before they entertain a possible purchase transaction.

Camarines Sur, Agricultural Lots

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SPECIFICATIONS	TCT NO.	AREA (SQM)	LOCATION	MUNICIPALITY	PROVINCE/CITY	MARKET VALUE	DISCOUNTED PRICE - INSTALLMENT
Agricultural	9393	21,011.00	LOT 3768-A MUNICIPAL ST. BO.OF BULUANG NAGA CITY CAMARINES SUR	Bato	Camarines Sur	105,000.00	68,250.00
Agricultural	9159	132,335.00	LOT 749 MANDICLOM, CARAMOAN NAGA CITY CAMARINES SUR	Caramoan	Camarines Sur	254,000.00	165,100.00
Agricultural	9209	31,084.00	LOT 283 AGAAS, CARAMOAN NAGA CITY CAMARINES SUR	Caramoan	Camarines Sur	260,000.00	169,000.00
Agricultural	OCT RP9523	28,738.00	LOT 596 IYAGAS IYAGAS CAGNIPA CAGNIPA NAGA CITY CAMARINES SUR	Lagonoy	Camarines Sur	179,000.00	116,350.00
Agricultural	OCT 13741	52,517.00	BRGY BULALACAO BRGY BULALACAO NAGA CITY CAMARINES SUR	Naga City	Camarines Sur	79,000.00	51,350.00
Agricultural	OCT 13742	58,470.00	BRGY BULALACAO BRGY BULALACAO NAGA CITY CAMARINES SUR	Naga City	Camarines Sur	88,000.00	57,200.00
Agricultural	OCT 13931	68,686.00	BRGY BULALACAO BRGY BULALACAO NAGA CITY CAMARINES SUR	Naga City	Camarines Sur	103,000.00	66,950.00
Agricultural	20164	76,222.00	BO.OF SAN VICEN NAGA CITY CAMARINES SUR	Naga City	Camarines Sur	152,000.00	98,800.00
Agricultural	8874	234,459.00	NAGA CITY CAMARINES SUR	Naga City	Camarines Sur	436,000.00	283,400.00
Agricultural	OCT 16307	24,819.00	PILI POBLACION PRESE BRGY PILI NAGA CITY CAMARINES SUR	Naga City	Camarines Sur	17,000.00	11,050.00
Lot Only	TCT-31165	461.00	LOT 2 BLOCK 14 EL ROSARIO VILL BARIO OF ANAYAN NAGA CITY CAMARINES SUR	Pili	Camarines Sur	547,000.00	410,250.00

Agricultural Lots for Sale in Batangas Province

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SPECIFICATIONS	TCT NO.	AREA (SQM)	LOCATION	MUNICIPALITY	PROVINCE/CITY	MARKET VALUE	DISCOUNTED PRICE - INSTALLMENT
Agricultural	T-28314	812.00	Lot 15785-I, Int.Bo. San Celestino East, Interior Brgy. Batangas City, Batangas	Batangas City	Batangas	81,000.00	60,750.00
Agricultural	TD 00475	13,365.00	LOT 6539 INTERIOR BRGY. SAMPIRO SAN JUAN BATANGAS	Batangas City	Batangas	334,000.00	250,500.00
Lot Only	T-47998	1,133.00	Lot 12047-A, Brgy. Boot, Tanauan, Batangas	Tanauan City	Batangas	227,000.00	170,250.00
Lot Only	T-20619	1,677.00	Lot 6599, Brgy. Suplang, Tanauan, Batangas	Tanauan City	Batangas	369,000.00	276,750.00
Lot Only	T-23461	639.00	Lot 11167, Brgy.Balele, Tanauan City, Batangas	Tanauan City	Batangas	128,000.00	96,000.00
Agricultural	TD00700499	2,000.00	BRGY.ROAD BRGY. BALAKILON BRGY. BALAKILON BATANGAS CITY BATANGAS	Laurel	Batangas	744,000.00	520,800.00
Lot Only	T-62510	858.00	INT. LOT W/OUT RRW INT. ANTIPOLO D LIPA CITY BATANGAS	Lipa City	Batangas	257,000.00	205,600.00
Agricultural	OCT O-864	2,028.00	LOT 1414 PROVINCIAL ROAD BRGY. SAN PEDRO BATANGAS CITY BATANGAS	Malvar	Batangas	608,000.00	425,600.00
Lot Only	T-29492	578.00	LOT 2134 BRGY. SAN GREGORIO MALVAR BATANGAS	Malvar	Batangas	185,000.00	138,750.00
Agricultural	T-52031	3,908.00	LOT 1 INTERIOR LOT BRGY. BANABA, PADRE GARCIA BATANGAS CITY BATANGAS	Padre Garcia	Batangas	234,000.00	187,200.00
Agricultural	OCT P10968	806.00	LOT 7714 INTERIOR LOT/W/OUT R BRGY. STA. CRUZ BRGY. STA.CRUZ BATANGAS CITY BATANGAS	Rosario	Batangas	40,000.00	28,000.00
Agricultural	T-79155	5,190.00	LAPU-LAPU SAN JOSE BATANGAS	San Jose	Batangas	779,000.00	545,300.00
Agricultural	T-56657	4,928.60	LOT 2-C BUHAY NA SAPA S BATANGAS CITY BATANGAS	San Juan	Batangas	123,000.00	98,400.00
Agricultural	T-40210	15,090.00	LOT 1-A-1-A INTERIOR LOT BRGY. SAMPIRO S BRGY. SAMPIRO BATANGAS CITY BATANGAS	San Juan	Batangas	500,000.00	350,000.00
Lot Only	018-00312	696.00	MATAAS NA LUPA SAN PASCUAL BATANGAS	San Pascual	Batangas	348,000.00	278,400.00
Lot Only	TD 00951	479.00	INT. LOT W/OUT RRW INT. J.P. LAURE BRGY. SAN ROQUE BATANGAS CITY BATANGAS	Sto. Tomas	Batangas	287,000.00	229,600.00
Lot Only	T-5921	500.00	BRGY. BUTONG TAAL BATANGAS	Taal	Batangas	700,000.00	490,000.00
Lot Only	TD 001-00090	441.00	LOT 992 (pt) INTERIOR ZAMORA ST. POBLACION, TAAL BATANGAS	Taal	Batangas	62,000.00	49,600.00
Agricultural	T-20657	3,882.00	LOT 10022 BRGY.ROAD BRGY. MAUGAT TA BRGY. MAUGAT BATANGAS CITY BATANGAS	Tanauan City	Batangas	408,000.00	306,000.00
Lot Only	T-20621	499.00	LOT 6947-B BRGY.ROAD BRGY. SULPOK TA BRGY. SULPOK BATANGAS CITY BATANGAS	Tanauan City	Batangas	125,000.00	93,750.00
Lot Only	T-20620	774.00	LOT 10864-F-2 BRGY. ROAD NO. 179 SITIO S BATANGAS CITY BATANGAS	Tanauan City	Batangas	132,000.00	99,000.00
Lot Only	T-38332	1,199.00	LOT 8558 BRGY. ROAD BRGY. MONTANA T BRGY. MONTANA BATANGAS CITY BATANGAS	Tanauan City	Batangas	300,000.00	225,000.00
Lot Only	T-29137	390.00	LOT 4400 INTERIOR LOT SITIO PUTOL, PK 4, BO. TRAPICHE BATANGAS CITY BATANGAS	Tanauan City	Batangas	78,000.00	58,500.00
Lot Only	T-29521	832.00	LOT 11319-B PRIVATE ROAD BRGY.WAWA, TANAUAN CITY BATANGAS CITY BATANGAS	Tanauan City	Batangas	100,000.00	75,000.00
Lot Only	T-16825	808.00	LOT 2567 BRGY. TINURIK BATANGAS CITY BATANGAS	Tanauan City	Batangas	242,000.00	181,500.00
Lot Only	T-18672	586.00	LOT 7998 BRGY. ROAD BRGY. BILOG-BIL BRGY. BILOG-BIL LEGASPI CITY ALBAY	Tanauan City	Batangas	147,000.00	117,600.00
Lot Only	T-25803	1,897.00	Lot 2511, Brgy. San Isidro West, Malvar, Batangas	Malvar	Batangas	190,000.00	152,000.00

Cheapest Condominium Units for Sale!

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SPECIFICATIONS	TCT NO.	AREA (SQM)	LOCATION	MUNICIPALITY	PROVINCE/CITY	MARKET VALUE	DISCOUNTED PRICE - INSTALLMENT
Condominium/Townhouse	T-556780(M)	52.50	LOT 11 BLK 2 BRGY.SALUYSOY MEYCAUAYAN BULACAN	Meycauayan	Bulacan	284,000.00	227,200.00
Condominium/Townhouse	T-343588(M	51.00	LOT 19 BLK 2 BRGY. SALUYSOY MEYCAUAYAN BULACAN	Meycauayan	Bulacan	230,000.00	184,000.00
Condominium/Townhouse	T-556784(M)	52.50	LOT 15 BLK 2 BRGY. SALUYSOY MEYCAUAYAN BULACAN	Meycauayan	Bulacan	284,000.00	227,200.00
Condominium/Townhouse	T-343589(M	93.00	LOT 20 BLK 2 BRGY. SALUYSOY MEYCAUAYAN BULACAN	Meycauayan	Bulacan	353,000.00	282,400.00
Condominium Unit	N-3858	1,265.00	LICAB NUEVA ECIJA	Licab	Nueva Ecija	569,000.00	426,750.00
Condominium Unit	C-1557	40.48	UNIT 5 WING C, THIRD FLOOR FORTUNE ISLAND BLDG., COASTA MANUYO LAS PINAS CPO LAS PINAS	Las Pinas Cpo	Las Pinas	607,000.00	424,900.00
Condominium Unit	45468	35.20	Unit 514 5th Flr Plaza Towers Condominium 1175 Leon Guerrero St. Ermita Manila	Ermita	Manila	422,400.00	337,920.00
Condominium Unit	12410	37.50	UNIT 3F CLUSTER 4 (CAMIA) BUILDING I WESTMONT VILLAGE CONDOMINIUM UNITED PARANAQUE SUBD PARANAQUE	United Paranaque Subd	Paranaque	956,000.00	717,000.00
Condominium Unit	T-925297-B	43.00	L18 B4 VILLA CELINA TOWNHOMES, BAYAN LUMA IMUS CAVITE	Imus	Cavite	726,704.21	508,692.95
Condominium Unit	CCT-1548	70.00	UNIT 103 ESGUERRA COMPOUND COVNA TOWNHOUSE CONDOMINIUM MARCOS HIGHWAY ANTIPOLO RIZAL PROVINCE	Antipolo	Rizal Province	875,000.00	568,750.00

Zamboanga Del Sur, House and Lot

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SPECIFICATIONS	TCT NO.	AREA (SQM)	LOCATION	MUNICIPALITY	PROVINCE/CITY	MARKET VALUE	DISCOUNTED PRICE - INSTALLMENT
House and Lot	T-150,823	160.00	Lot 3, Block 2, Zamboanga City, Zamboanga Del Sur	Zamboanga City	Zamboanga Del Sur	415,000.00	311,250.00
House and Lot	T-114,542	256.00	1343-X Tetuan Zamboanga City Zamboanga Del Sur	Zamboanga City	Zamboanga Del Sur	569,000.00	426,750.00
House and Lot	T-119,636	1,267.00	Lot 52-A-B Talon-Talon Zamboanga Zamboanga Del Sur	Zamboanga City	Zamboanga Del Sur	697,000.00	522,750.00
House and Lot	T-143,915	246.00	Lot 4 Blk 4 Subd. Road Seafront Subdivision Baliwasan Zamboanga City Zamboanga Del Sur	Zamboanga City	Zamboanga Del Sur	548,000.00	411,000.00
House and Lot	T-141,006	489.00	Lot 243-E-3 Easement Right-Of-Way San Jose Gusu Zamboanga City Zamboanga Del Sur	Zamboanga City	Zamboanga Del Sur	636,000.00	508,800.00
House and Lot	T-150,822	247.00	Lot 11 Blk 1 Subd. Road Zamboanga City Zamboanga Del Sur	Zamboanga City	Zamboanga Del Sur	698,000.00	523,500.00

Western Samar, House and Lot

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SPECIFICATIONS	TCT NO.	AREA (SQM)	LOCATION	MUNICIPALITY	PROVINCE/CITY	MARKET VALUE	DISCOUNTED PRICE - INSTALLMENT
House and Lot	2629	240.00	LOT 1119-PART BRGY. TALAHIS CATBALOGAN WESTERN SAMAR	Almagro	Western Samar	36,000.00	28,800.00
House and Lot	TD-865/866	93.36	SAN ROQUE/SAN ISIDRO BRGY. PENA CATBALOGAN WESTERN SAMAR	Catbalogan	Western Samar	18,672.00	14,004.00
House and Lot	T-11774	171.00	BRGY. SILANGA CATBALOGAN WESTERN SAMAR	Catbalogan	Western Samar	421,600.00	316,200.00
House and Lot	10466	218.00	MAHARLIKA HIGHWAY MAHARLIKA HIGHW CATBALOGAN WESTERN SAMAR	Catbalogan	Western Samar	87,200.00	69,760.00
House and Lot	TD-00697	672.00	NAT'L HIGHWAY,B BARANGAY CARAYM CATBALOGAN WESTERN SAMAR	Catbalogan	Western Samar	201,600.00	131,040.00
House and Lot	T-7670	575.00	BRGY. BUENAVISTA SAN JORGE WESTERN SAMAR	San Jorge	Western Samar	86,000.00	64,500.00
House and Lot	TD#4532	180.00	LOT 4228 MIRAMAR STREET POBLACION VILLAREAL WESTERN SAMAR	Villareal	Western Samar	174,000.00	130,500.00
House and Lot	T-MSP-73	97.00	LOT 3203 2ND ST. BRGY. MACALUNOD ZUMARRAGA WESTERN SAMAR	Zumarraga	Western Samar	15,000.00	9,750.00

Tarlac, House and Lot,

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SPECIFICATIONS	TCT NO.	AREA (SQM)	LOCATION	MUNICIPALITY	PROVINCE/CITY	MARKET VALUE	DISCOUNTED PRICE - INSTALLMENT
House and Lot	347199	458.00	LOT 1-E #348 BRGY. MANLAPIG CAPAS TARLAC	Capas	Tarlac	578,600.00	433,950.00
House and Lot	158175	940.00	LORENZO ST. SAN JOSE CONCEPCION TARLAC	Concepcion	Tarlac	395,000.00	296,250.00
House and Lot	131021	459.00	Lot 1038 Brgy, Magao, Concepcion, Tarlac	Concepcion	Tarlac	18,000.00	14,400.00
House and Lot	322364	3,791.00	LOT 4027 PUROK CATALNAAN BRGY SULIPA GERONA TARLAC	Gerona	Tarlac	237,000.00	177,750.00
House and Lot	308078	2,791.00	LOT 4025-C BRGY. ROAD SEMBRANO TARLAC TARLAC	Gerona	Tarlac	185,168.00	138,876.00
House and Lot	T-342687	1,196.00	LOT 9 BLOCK 23 PELAYO ST./SONZA ST, COMILLAS LAPAZ LA PAZ TARLAC	La Paz	Tarlac	560,400.00	420,300.00
House and Lot	00637	800.00	LOT 7 BLOCK 22 MIRAFELIX ST., (BRGY CAMILLAS LA PAZ TARLAC	La Paz	Tarlac	200,000.00	130,000.00
House and Lot	00579	800.00	BLK.27 MENDOZA ST., COMILLAS LA PAZ LA PAZ TARLAC	La Paz	Tarlac	237,500.00	154,375.00
House and Lot	167635	845.00	LOT 2 PROVINCIAL ROAD MALASIN MONCADA TARLAC	Moncada	Tarlac	254,000.00	190,500.00
House and Lot	03445	763.00	LOT 9 BLOCK 24 SONZA ST. BRGY. COMILLAS PANIQUI TARLAC	Paniqui	Tarlac	218,550.00	142,057.50
House and Lot	78755-A	758.00	LOT 10 BLOCK 24 SONZA AVE. COMILLAS LAPAZ TARLAC TARLAC	Tarlac	Tarlac	767,000.00	498,550.00
House and Lot	289392	887.00	CORAL PANIQUI TARLAC TARLAC	Tarlac	Tarlac	186,270.00	139,702.50
House and Lot	96019	1,306.00	BRGY. ROAD ALVINDIA TARLAC TARLAC	Tarlac	Tarlac	489,000.00	317,850.00
House and Lot	299146	1,413.00	LOT 4312-B-9-D MAGALLANES ST. BO. CORAL TARLAC TARLAC	Tarlac	Tarlac	706,000.00	564,800.00
House and Lot	271546	210.00	LOT 4019-A-1 BRGY. ROAD SAPANG MARAGUL TARLAC TARLAC	Tarlac	Tarlac	62,400.00	46,800.00
House and Lot	T-341981	300.00	BARIO SULA TARLAC TARLAC	Tarlac	Tarlac	778,400.00	583,800.00
House and Lot	314373	940.00	LOT 4489-B MUNICIPAL ROAD BRGY. TAGUMBAO GERONA TARLAC	Tarlac	Tarlac	151,000.00	113,250.00
House and Lot	329951	1,000.00	LOT 5-A-1 BRGY. ROAD STO. NIÑO TARLAC TARLAC	Tarlac City	Tarlac	175,000.00	131,250.00
House and Lot	299129	240.00	LOT 7 BLOCK 53 STR. LOT 32 SAN SEBASTIAN VILLAGE, PHASE BINAUGANAN TARLAC TARLAC	Tarlac City	Tarlac	560,000.00	420,000.00