P.A. Properties unveils SanJos Square Bulacan

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TOP officals of leading property developer P.A. Properties led by its Chairman, Romarico T. Alvarez and Atty. Marianne Reyna Lina-Cruz, P.A. Properties President and CEO recently inaugurated SanJos Square Bulacan, a commercial property poised to reshape the landscape of convenience and community engagement in San Jose Del Monte, Bulacan. The unveiling of this project marked a leap forward in accessible business opportunities and improved quality of life for P.A. Properties residents and homebuyers in the area.

Others in photos (From Left to Right): Ms. Dharlene Zambrano under ACZ Realty, Jonathan Jerusalem, P.A. Properties SVP for Sales and Marketing, Armando de Guzman, P.A. Properties SVP and Executive Assistant to the Board, Jonathan G. Lu, Florlita Tabuzo, SVP for Commercial Business Unit, Diana Romero, VP for Construction, Marwin Laro, AVP for Planning and Engineering, Mr. Anthony Alisuag under AZA Realty.

Leading property developer forays into commercial property development

P.A. Alvarez Properties Development Corporation (P.A. Properties) forays into commercial developments as it fortify its bid to become a total developer of lifestyle oriented development projects.

With the recent inauguration of SanJos Square Bulacan, a commercial property poised to reshape the landscape of convenience and community engagement in San Jose Del Monte, Bulacan. The unveiling of this project marked a leap forward in accessible business opportunities and improved quality of life for P.A. Properties residents and homebuyers in the area.

SanJos Square Bulacan is an expansive 2.8-hectare commercial development, strategically located in front of a 30-hectare Nuvista San Jose Subdivision at Brgy. Sto. Cristo, San Jose Del Monte City, Bulacan. Placed nearby 35 local communities, it stands as a testament of P.A. Properties' unwavering commitment to providing accessible basic necessities and fostering economic growth within local communities.

"Today, as we inaugurate this grand project, we are not merely opening a building; we are unlocking doors of opportunity and progress," said Atty. Marianne Reyna Lina-Cruz, P.A. Properties CEO and President during the launch event. SanJos Square Bulacan aligns with the company's mission to bridge the gap between essential services and convenience in today's fast-paced world.

With a provision of 68 commercial lots, SanJos Square offers a platform for aspiring and established entrepreneurs to flourish. Whether it's a new venture or an expansion of existing businesses, this development provides the ideal location for businesses to thrive. At the heart of SanJos Square also lies the SanJos Market, a wet and dry market that caters to the diverse needs of the nearby communities.

For culinary enthusiasts and food entrepreneurs, SanJos Eats presents a dedicated space designed to showcase gastronomic delights and innovative creations. This space promises to be a hub for culinary experience, attracting food lovers and business connoisseurs alike.

As the doors of SanJos Square Bulacan officially swing open, P.A. Properties reveals a brighter future for residents and entrepreneurs alike. This commercial development embodies the spirit of community and collaboration, promising a better quality of life for all who call this region home.

For more info about our commercial spaces, you may contact Angel at 0919 061 3540 or Mon at 0998 595 9115 or visit our website www.paproperties.com.ph.




About P.A. Properties

Situated in San Pedro, Laguna, P.A. Alvarez Properties and Development Corporation (P.A. Properties) is one of the largest developers of low to medium cost housing communities in Southern Luzon incorporated in 1994. Since then, they have built more than 20,000 housing units across major provinces in the Philippines, with plans to further build additional 20 housing communities within the next 5 years. P.A. Properties is committed to help ease the country’s housing backlog while contributing to the growth of the economy through projects that local government units (LGUs) can effectively utilize, such as donations for the construction of hospitals in Cabuyao; the donation of right of way in Pampanga to support their government civic center; and the establishment of SanJo’s markets in major provinces such as Laguna and Bulacan.

A Homebuyer’s Guide to Philippine Real Estate Laws and Regulations

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While buying a home is exciting, do not forget the importance of its legal aspects. Navigating relevant real estate laws and regulations is essential to making more informed decisions and safeguarding investments. Lucky for you, we are here to help you out. Let us talk about vital real estate legislation in the Philippines that every homebuyer should know.

 
3 Philippine Real Estate Laws and Regulations

Understanding the following laws thoroughly is crucial for anyone looking to own property in the Philippines.

 
1. Real property tax

Owning real estate in the Philippines means you are subject to real property tax. Local government units (LGUs) annually impose this tax on all properties, including land, buildings, and other structures. Tax rates depend on the property's location, with the Local Government Code of 1991 Section 233 listing them as follows:

· Provinces: <1% of the property's assessed value

· City or municipality within Metro Manila: <2% of the property's assessed value

However, there are some exceptions to this policy. Public properties, cooperatives, charities, churches, and cemeteries, among others, do not have to pay real property taxes.

 
2. The Condominium Act

Are you a foreigner hoping to own a condominium unit in the Philippines? Do not fret—you have every right to do so. The Condominium Act allows non-Filipinos to buy and own condos, provided Filipino citizens comprise 60% of the project's ownership share. In other words, foreign ownership must be in the minority.

This policy is especially beneficial if you are looking to invest in properties within urban areas and central business districts (CBDs).

 
3. The Maceda Law

The Philippine government protects buyers who are paying via installments. The Maceda Law or Realty Installment Buyer Act prevents you from losing your investment due to defaulting or canceling your contract. It grants a grace period of at least 60 days, provided that you have paid at least two years' installments.

Moreover, you can refund a property if you have paid for those two years. Sellers also cannot cancel the contracts due to non-payment of installments.

 
More about Philippine Real Estate Laws and Regulations

When buying a home, it is not only the location, aesthetics, and financial considerations that matter. It is equally important, if not more, to have a thorough understanding of real estate laws. It will help you make more informed decisions about your investment, allowing you to acquire properties without worrying about conflicting with the law.

We have only discussed some essential Philippine real estate laws and regulations. Check out the infographic below to learn more.

Cebu City: Proud host of 3 world-class expositions in one-stop destination

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Today marks a momentous occasion in Cebu as three of the region's most prestigious and influential expos come together under one roof. The grand opening of CEBU TRIO: The Philippine Building and Construction Exposition (PHILBEX) 2023, Cebu Foods and Beverages Expo (CEFBEX) 2023 and the Cebu Auto Show (CAS) 2023 are all set to redefine the landscape of these dynamic industries in the Philippines. This synergy promises an unparalleled experience for industry professionals, enthusiasts, and the general public alike. The unprecedented collaboration showcases the dynamic spirit of Cebu's vibrant business community and the rising international opportunities across Central Visayas.

The event was graced by esteemed guest speakers, including Mr. Allan Poquita (Regional Director of BFAR - region 7), Dr. Gerry S. Avila (Supervising Agriculturist II Chief, Field Operations Divisions - Department of Agriculture - Region 7). Engr. Jesus F. Zamora Jr. (Regional Director of DOST - region 7), and Engineer Crystal Como (Representing Honorable Mayor Jonas Cortes of Mandaue City, Cebu), Worldbex Services International’s Founding Chairman Mr. Joseph L. Ang, Ms. Levy Ang | WSI Co-founding Chair, Ms. Jill Ang | WSI Managing Director, Ms. Michelle Paula Ang-Yu | WSI Finance Director, Mr. Rene Ramos | WSI Director.

Attendees enjoy FREE hourly bus service from 9:00 AM to 5:00 PM, with a quick 15-minute wait between trips. Routes include IC3 Convention Center, Ayala Center, Parkmall, SM City Cebu, Waterfront Cebu City Hotel and Casino. Travel hassle-free to and from the event!

Come and explore the latest trends and innovations in the food and beverage, construction, and automotive sectors. Witness groundbreaking technologies and products that will shape the future of these industries while ensuring network and trading opportunities with industry leaders, manufacturers, suppliers, and experts from all over the world. CEBU TRIO offers an exceptional platform for forging valuable business relationships and collaborations. Immerse yourself in captivating displays of furniture craftsmanship, architectural designs, new food flavors and automotive marvels. Witness the convergence of creativity and engineering excellence only here at PHILBEX, CEFBEX and CAS - showcasing the region's commitment to innovation, sustainable development, and economic growth.

Registrations are now ON-GOING so sign-up NOW for FREE.

https://register.worldbexevents.com/

This event is organized by Worldbex Services International. For more details kindly visit their website at www.worldbexevents.com and follow their social media page for updates.

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