ACQUIRING A LAND IN PHILIPPINES FOR FORMER NATURAL-BORN FILIPINOS

ACQUIRING A LAND IN PHILIPPINES FOR FORMER NATURAL-BORN FILIPINOS

Are you a former natural-born Filipino? Are you looking for a land, a house and lot and a land for investment here in Philippines?

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Please be guided by the facts on how to own a land in Philippines for former Filipino citizens.

Former natural-born Filipinos can own property in the Philippines, subject to limitations prescribed by Philippine Republic Act 8179  and Batas Pambansa 185. Both laws may define former Filipinos as citizens of the Philippines from birth without having to perform any act to acquire or perfect their Philippine citizenship, who lost said Philippine citizenship, and who have the legal capacity to enter into a contract under Philippine laws. One of the governing law that provides this privilege is the Dual Citizenship Act, he may nonetheless own land but limited to the following according to Batas Pambansa 185 and Republic Act 8179.

BATAS PAMBANSA 185: A former natural-born Filipinos can acquire, for residential purposes. A person may acquire not more than two (2) lots which should be situated in different municipalities or cities anywhere in the Philippines, provided that the total area of these lots do not exceed,

  1. Maximum of 1,000 sq. meters for urban land.
  2. Maximum of one (1) hectare for rural land.

REPUBLIC ACT 7042 (As amended by RA 8179): A former natural-born Filipinos can acquire, for business purposes. A person may acquire not more than two (2) lots which should be situated in different municipalities or cities anywhere in the Philippines, provided that the total area of these lots do not exceed,

  1. Maximum of 5,000 sq. meters for urban land.
  2. Maximum of three (3) hectares for rural land.

In Section 5 of Rule XII specifically states that “the land should be primarily, directly, and actually used in the performance or conduct of the owner’s business or commercial activities in the broad areas of agriculture, industry and services including the lease of land, but excluding the buying and selling thereof”.

In case a former natural-born Filipino already owns urban or rural lands for residential purposes, may acquire additional urban or rural lands, which when added to and shall not exceed the authorized maximum area.

Any former natural-born Filipino with residential land under BP 185 may still avail the privilege granted under RA 8179 under Section 4 of Rule XII of the Implementing Rules and Regulations of RA 7042 as amended by RA 8179, a transferee who has already acquired urban land shall be disqualified from acquiring rural land and vice versa. However, if the transferee has disposed of his/her urban land, he/she may still acquire rural land and vice versa, provided that this will be used for business.

Note: For more information, please visit the Philippine Embassy near you for guidance and application for Dual Citizenship.

Own a Condominium Apartment Property at very low entry level for as low as PhP25,000 only

515 Vista Shaw Condo Apartment for Sale in Mandaluyong City

Profit upon purchase & with 100% Certainty! Invest in the Booming Philippine Real Estate Market at Very low entry of investment!

Own a condo for as low as PhP25,000 only!

* Project with Heritage Value

* Mixed-used Development


* 5 Minutes to EDSA Avenue


* 10 to 20 Minutes drive to 3 Central Business Districts


* Golf Course View


* 0% Interest Financing


* Near Malls and Medical Hospitals

515-vista-shaw-condo-for-rent-to-own-mandaluyong

FILL UP THE FOR BELOW FOR PROJECT VIEWING:

Real Estate – Affordable House and Lot for sale in Cavite Near Camella Homes

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Photo taken by: Ryan Bonn Duadua

Affordable House for sale in Arnaldo highway (formerly A.Bonifacio highway), General Trias, Cavite

Specially offered for Overseas Filipino Workers and Local Employees!

Res. Fee: 5,000
TCP(Total Contract Price):
Single-Attached: PhP1,140,000 (102 sqm lot area; 35 sqm floor area)
Townhouse: Php 940,000(50sqm lot area; 53 sqm lot area)

Reservation Fee: 5,000
Misc/Equity: 30,000

P35K Cash Out Ready-for-occupancy !!
2-Storey House with front Parking

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Downpayment: PhP30,000 payable in 4 months for PhP 7,500… If complete documents, lipat agad kasi nakatayo na.

Monthly Loan Payment:
with rebates for the 1st 5yrs:
19,551.44 (5yrs)
12,311.67 (10yrs)
10,068.91 (15yrs)
P9,062.31 (20yrs)
P8,537.57 (25yrs)

Move-in Fee: PhP10,500 (more or less)

Monthly Association dues: PhP 150

We also sell Single-Attached House and Lot in the same area.

If interested, Please set an schedule of tripping.