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QUESTION & ANSWERS
The
following are frequently asked questions
we have received by interested buyers
worldwide along with our responses.
Question:
Can I come anytime to see the property?
What is involved in seeing your
properties for sale.
Answer:
If we are in town there is a good chance
we can look at properties the same day
located within Puerto Princesa City.
Chances are we can trip with you the
next day to farther municipalities. The
following are our transportation
policies.
Transportation Policy
If our driver and our vehicle then you
pay gas expense.
P1,000 for Puerto Princesa tour
P2,000 from Narra to Roxas
P4,000 further South or North from
those locations.
If a rental van then you are responsible for
the rental of a van and other expenses,
including food and lodgings for the
diver and assistant.
All
expenses incurred during the tripping
will be reimbursed or deducted from the
price of the property upon closing.
Question:
I am a foreigner interested in buying a
lot in Palawan. Can Foreigners own
Lands in The Philippines?
Answer:
Foreigners are not allowed to
own lands in the Philippines,
same as in Thailand, Indonesia,
and some other Asian countries.
But foreigners can set up a
corporation in the Philippines
with a Filipino partner and
where the foreigner owns 40% and
the Filipino partner, 60%... and
have this corporation buy lands
in the Philippines. This way,
the foreigner through this
corporation owns 40% of the
lands purchased.
Or foreigners can just find a
Filipino (a Filipino trustee)
that he can hire to buy lands
for him. The foreigner will use
this Filipino's name to purchase
properties, but this Filipino
will sign a long-term lease
contract that says he leases the
land to the foreigner for 25
years (renewable for another 25
years). This Filipino will also
execute a SPECIAL POWER OF
ATTORNEY authorizing the
foreigner to DO WHATEVER HE
WANTS WITH THE LAND, SIGN
DOCUMENTS PERTAINING TO THE
LAND, and ACTUALLY SELLING THE
LAND. This Filipino will
surrender all the original
copies of the property documents
(TITLE, tax declaration, etc.)
With the LEASE CONTRACT, SPECIAL
POWER OF ATTORNEY, and ALL
ORIGINAL COPIES OF PROPERTY
PAPERS HELD BY THE FOREIGNER,
the foreigner has control of the
land even if it's under the name
of a Filipino.
It's up to the Foreigner how
much he will pay to the Filipino
for the service. Just be
considerate to the Filipino as
he is still the person
authorities will run after for
taxes for the land, etc.
Question:
What is the difference between a Titled
and a Tax Declaration property?
Answer:
Settlement in Palawan has largely
taken place over the last 30 years, and much of the
land remains untitled. Settlers who have come here
have, in many instances, settled on and improved
land. In so doing they have also declared the land
for tax purposes, and taxes have been charged as if
the occupant were an owner of a titled property.
Such a property can be sold, so long as the owner
has proper documentation, and is referred to as a
Tax Declaration property.
A titled property is a more
secure purchase, being more fully defensible in law,
and the title is fully documented at the Registry of
Deeds. That security is usually reflected in the
price. For those seeking to buy with the greatest
security, a titled property is recommended. However,
Tax Declaration properties are less secure and some such properties can be titled later, but
it depends on the classification of the land. It is
always prudent to seek the advice of a qualified
real estate lawyer here in Palawan.
Question:
I leave the country twice a year for
over a month at a time. Who reliable can
I get to look after my property and
vehicle while away?
Answer:
Traditionally a foreigner would trust
this responsibility to his
partner/wife's family or native workers,
however we have heard many complaints
over the years from these kind of
arrangements.
A more reliable
alternative
is to
hire a Property
Management
company to make site visits and email
you pictures while away. They can pick
up your rent, deposit your money and
even pay your bills while you are away.
There fees are usually reasonable and is
a small price to pay for peace of mind.
One such company in Palawan can be found
at
www.palawanpropertymanagement.com
they may not cover all of Palawan so I
would contact them.
Question:
Who reliable can I use to maintain my
property until I am ready to build after
I buy it?
Answer:
You should hire a professional
landscaper
while
you are away or all year round. There
are many months during our summer where
we see low amounts of rain. There are
many horror stories of whole gardens,
flower beds and farms dehydrated and
dead due to poor or
unknowledgeable
gardeners who
accidentally
destroy the property's
vegetation.
A professional landscaping service can
clear, maintain and plant all types of
tropical
vegetation.
They should even be able to email you
progress update with attached pictures
or video. One such company in Palawan
can be found at
www.palawanlandscape.com and
can be contacted as an
alternative
to
leaving your property to chance.
Question:
I've seen some Palawan beachfronts for
sale on the internet listed with
official sounding names. Do all beaches
in Palawan have a name and why do none
of your listings have names?
Answer:
Most beaches do not have
official
names
unless they are a part of a cove like
Nagtabon Beach located in one
Barangay (neighborhood) of Puerto
Princesa City or a popular tourist
destination like Long Beach
in San Vicente located across several
Barangay. What you are
referring
to
sounds like a marketing gimmick
and I would be wary of brokers/agents
anywhere who make up phony names for
titled property in Palawan and cannot
produce to you the name registration
certification. If they misrepresent in
the little things, they may also on the
bigger things when it comes to your
investment.
All
of our beach properties are clean titled
and most are back by a money back
guarantee. Our real estate team
can also perform the following services;
documentation processing, title and
transfer service, property tax
remittance, supply local business
address for mail, take and forward phone
messages, Check-up on your property,
vehicle storage and maintenance while
you are away and much much more.
When you purchase through us you are
also buying peace of mind… We guarantee
it.
Question:
I see many Islands on sale in Palawan.
Some have cottages on the water. How can
an Island and the water be titled and
what
happens
if
it is washed away or falls back into the
ocean?
Answer:
Most Islands in Palawan are only under a
tax declaration. The few Islands that
are titled have had applications made
and approved for an official
certificate
of
title. large Islands are made up of many
separate
titled lots and can have many different
owners from around the world. An owner
can apply for a Special Land Use Permit
(SLUP) and if approved will give them
special permission to lease the water in
front of the property for various uses.
If those structures are washed out,
callapse or are otherwise destroyed due
to stormy weather, then that is the
risk/cost of doing business. However,
Palawan is uniquely positioned in the
South China Sea to avoid most typoons,
tsunamis or earthquakes.
Question:
I want to buy a beachfront in
Palawan for the purpose of
setting up a resort. Can I stop
people from selling goods on my
beachfront and can I build
structures on the beach?
Answer:
All beaches in Palawan are
considered public land. The
Government has gone to great
lengths
to protect the coast line from
private owners obstructing the
beachfronts
for their own private uses. I
would suggest negotiating with
one or two venders for
exclusivity
in setting up a small beach
souvenir
outlet hut at one corner of your
lot. In exchange for this
privilege
they can pay a monthly
rental fee and keep your
beachfront free from the
wondering 'salesman'.
Beachfronts in Palawan have a 20
meter salvage zone. This means
that all
permanent
structures cannot be build
closer than 20 meters from the
highest tide. Some
establishments in El
Nido, for instance, have come
into conflict with the
Department of Environment &
Natural Resources (DENR) for
building their resorts on the
beachfront. This lowers the
resalable
value of their businesses as at
any time the government could
demand the removal of the
structure. You can put us
temporary structures like bamboo
benches umbrella tables that are
anchored into the sand but are
movable.
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