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Philippines - a viable investment and retirement destination

In this blog, we will endeavor to provide information regarding the Philippine economy, investment, tourism and real estate in general and also in owning, selling, renting or leasing out properties in particular. Also posted are independent articles that the website administrator feels can help investors and retirees understand why the Philippines is a viable investment or retirement destination.

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RESA Bills Senate No. 2963 and House No. 3514 is now REPUBLIC ACT NO. 9646 signed by PGMA last June 29, 2009. Official Publication was made last July 15, 2009 at Phil. Daily Inquirer, page B-10 of the Business Section and after 15 days from date of publication or on July 30, the RESA law now becomes effective. Deal with licensed brokers only. Better still, deal with a Realtor ®.
Residential Resort Villa For Sale in Batangas City

4 door Apartment Cluster

Net Earnings Php220,000.00 from tenant

• 840 sq. m.; combined single and two stories rest houses - US$728,200.00 or Php 35,000,000 - Along National Highway

 -  Tenanted Residential Villa near STAR Tollgate at Batangas City.
Fully furnished and fully fitted.
LOT AREA: 2,600.00 sq.m. with lots of green grass, plants, ornaments and foliages.
FLOOR AREA: 840 sq.m. comprising of 20 Bedrooms, 19 Toilet/bathrooms, 8 Salas, 1 Office, 2 Maid's room
Amenities: Two swimming Pools; Back-Up Generator (sufficient enough to rung refrigerator, pumps and lightings); a social dining are; spa, Fenced in and secured with 2 roving guards per shift.
Net Income before Tax: Approximately P220,000.00/month. Tenant belongs to one of the Philippines top corporations and are willing to extend their stay indefinitely.  With the annual increase of properties in Batangas at a conservative 5% per annum because of the newly opened international sea port there, a double digit ROI is expected.

Selling Price: P35Million

Property information

Published Sunday, November 30, 2008 2:00 PM by Odilon (Ody) dela Merced

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