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Discussion Starter · #1 ·
Another mixed use commercial development in D. Jakosalem St., Cebu City

Project Name : Redland Complex ( Temporary Name)
Location : D. Jakosalem St., Cebu City
3 Towers Residential 2x28 Floor plus 1 30F
1 Tower 30F for mixed office/hotel and apartment residences
1 Tower 18F for BPO.

Developer : Redland Properties


Note: All properties will be geared towards the Chinese market.

For details and pics;

www.redland-properties.com
 

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Discussion Starter · #9 ·
Other informations

Developers are Chinese investors in partnership with a cebu based businessman.

Currently they are finishing required permits.

Hopefully they can be able ti start in July.

By the way it has a 3 level mall too.
 

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:-) good vibes!
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The road is too small for this development. Anyways, it says this development is geared towards the Chinese market so this building will probably be empty once finished. :lol:
^^ no bai...naa'y law sa housing na ang certain percentage of units
in each condo development can be owned by foreigners...if i'm not
mistaken, it's 30% or 40% only of the total units...the rest must
be sold to locals/pinoys



:)
 

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Discussion Starter · #13 ·
^^ no bai...naa'y law sa housing na ang certain percentage of units
in each condo development can be owned by foreigners...if i'm not
mistaken, it's 30% or 40% only of the total units...the rest must
be sold to locals/pinoys



:)

morag 80% man seguro kay sa SMDC naa silay project na wala na gi market kay gi bulk buy na sa mga chinese, kalimot kos name sa project, nag retain nalang silag 20% as SMDC owned..^^
 

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:-) good vibes!
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morag 80% man seguro kay sa SMDC naa silay project na wala na gi market kay gi bulk buy na sa mga chinese, kalimot kos name sa project, nag retain nalang silag 20% as SMDC owned..^^
^^ Bai, nag research ko. Sakto diay ko, here:

The Philippine Condominium Act specifies that foreigners can
own condominium units, as long as 60 percent of the units in the
building are owned by Filipinos.


Read more: Buying a House in the Philippines: A How-To Guide | Investopedia https://www.investopedia.com/articl...use-philippines-howto-guide.asp#ixzz5EVs8F2ry

:)
 

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Discussion Starter · #19 ·
By law yes, but there are other ways to circumvent it like a developer putting up a unit which by paper showed that it owns the property but sells it to foreign investors. I think its already a normal process in the industry. They also tend to do that to ensure they continue to control the condo association hence the developers interests are protected, similar to what is happening in our condo association at Sea Residences, which is an SMDC project.
 
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