Philippine Real Estate Facts That Should Be Common Knowledge But Are Not

Condominiums only have a life span of 50 years.Building structures standing for over 50 years

should be treated as obsolete and uneconomical

Foreigners can't own land in the Philippines.They can only own condominium units, as long as the

corporation who owns the company is at least 60% Filipino-owned.

Buildings are classified in terms of quality.Buildings are categorized based on several factors,

not just architectural design and height.

The property's price does not include taxes.Other incidental and miscellaneous expenses

will come during the registration process.

The last digit of the TCT number and the page number are the same.

To make sure that the TCT or CCT is authentic, the last digits ofthe page number and the TCT/CCT number must be the same.

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tate-facts-that-should-be-common-knowledge-but-are-not/