Frequently Asked Questions

This is mostly used for multiple lot subdivisions, condominium blocks etc, if a property has the same address and only differs by lot number. To allow for quicker and easier viewing of other properties, GlobalPinoy Properties groups the alike properties together under one group heading.

After you have found the group heading, click on "click to view all properties in this group" to access, a large sample if not all properties in the group will appear. Then click on the individual property for further details.

Group numbers vary but the total number available is in the brief description in the group heading, i.e. Puerto Del Mar Subdivision (72 lots).

All groups can be purchased in one line (englobo) or in most cases individually as well. If the group is only available (englobo) then it will be stated in the group heading description. Developers, home building companies, speculators, traders and large investors are advised to look closely at the value buying of an (englobo) group.

• Our web site provides a unique opportunity for expatriate Filipinos to access bank repossessed property or developer projects at value prices. We offer the full range of Philippines real estate including Residential; Commercial; Industrial; Agricultural; as well as Memorial Lots.
  
  
• Purchasing a Global Pinoy Property will give you a greater chance of a larger capital gain profit and of increasing your investment income return percentage. Investing in Philippines property or real estate in the long term is a good way of balancing your investment portfolio. It is widely believed that a balanced investment portfolio includes long term property holdings. All types of property can offer long term capital appreciation and rental return for income.

To register to offer or bid simply click on offer/bid in the header menu or go to www.e-propertytrading.com and click register. If you have already registered log into www.e-propertytrading.com, update your details if necessary and make an offer or starting bid.

Philippines Properties are for sale at a price, by auction or by special price point. Most of our properties have pre established undisclosed special price points. Make an offer which reaches the 'Special Price Point' and the property is yours to buy(conditions apply). These price points may be lower then the advertised price.

This is a perfect opportunity to buy property before it goes to auction, guaranteeing that you will not be buying property under pressure from competitive bidders.

To record your favorite properties, you need to register and establish an account with Global Pinoy Properties. Once a member, simply click on the tag property button when you are viewing a property.

Properties on the e-propertytrading.com website are listed firstly by city/town, then as a group/individual property and finally in I.D. number order. (i.e. Su-044 to Su-375)

• A Contract to Sell (CTS) is a contract document executed by both the seller and buyer where the seller promises and binds himself to sell to the buyer a certain property upon the occurrence of several conditions to be fulfilled by the buyer or both the seller and the buyer, the non-fulfillment of which releases both from their respective obligations under the terms of the contract. A contract to sell usually provides that title to and ownership of the property is not transferred to the buyer until full payment of the contract price.
  
  

• A Dead of Sale (DOS). Upon the fulfillment of the conditions of the contract to sell, which is usually the full payment of the contract price, a Deed of Sale (DOS) is executed by the seller unconditionally transferring to the buyer title to and ownership of the property which is usually specifically described in terms of technical descriptions as contained in the existing certificate of title to the property. A deed of sale is an absolute conveyance of title of ownership from the seller to the buyer, without reservations or conditions, and is primarily executed by the seller and accepted by the buyer. The deed of sale also might contain certain restrictions on the use of the property by the owner as contained in a subdivision mother title or declaration of restrictions previously recorded in the original or existing transfer certificate of title. In the case of condominium units, it is accompanied by a certificate of the management body of the condominium project that such conveyance or sale is in accordance with the provisions of the declaration of restrictions of such project.

  
  
• A Transfer of Certificate of Title (TCT) is an instrument issued by the Registrar of Deeds of the city or province where the land is located declaring the absolute owner of a certain real property technically described therein. The TCT is prepared and executed by said Registrar and delivered to the buyer of the property as new owner upon submission by the buyer of the Deed of Sale and payment of corresponding fees and taxes. It is an indefeasible and conclusive proof of absolute title to and ownership of the property not only between the seller and the buyer but also between the buyer and the rest of the world. However, the TCT may also contain certain restrictions on the exercise of ownership rights passed on from the previous TCT or mother title or liens and other forms of encumbrances.

• A Condominium Owner’s Copy of Certificate of Title (CCT) is an instrument issued by the Registrar of Deeds of the city or province where the condominium project is located containing a brief description of the land, the condominium conveyed, and name and personal circumstances of the condominium owner. It is issued upon registration of the Deed of Sale conveying the condominium unit, payment of the proper fees, and annotation of the conveyance on the certificate of title covering the land included within the subdivision project. It is proof of title to and ownership of the condominium unit described therein.
  
  
• A Tax Declaration is a city or municipal receipt containing description of a land the real estate tax of which has been paid under the name of the payor who may or may not have title to or ownership of the land being declared. It is a mere proof of possession of the land by the payor and not of ownership. It is not a title or certificate of ownership.

In addition to the purchase price, you shall also pay the taxes due on the sale and other registration fees. Upon transfer of condominium unit, townhouse or residential house to you, you may be charged association or condominium dues by the homeowner's association or condominium corporation, typically based on the area of your Philippine property.

Value-added Tax

Except for sale of residential lots with gross selling price below P1,500,000 or of residential dwellings with gross selling price below P2,500,000, the sale of real property will be imposed a value added tax (VAT) at the rate of 12% of the purchase price, zonal value of market value under the Tax Declaration of the property, whichever is higher, payable on each sale of real property to the BIR.

Documentary Stamp Tax

Documentary Stamp Tax at the rate of 1.5% of the purchase price, zonal values, or the market values under the Tax Declaration of the property, whichever is higher, is payable to the BIR within ten (10) days after the close of the month when the DOS is signed and notarized.

Local Transfer Tax

Local transfer tax is imposed by the local government unit where the property is located generally at the rate of 50% of 1% of the purchase price, zonal value, or TD value of the property, whichever is higher.

Registration fees are payable to the Register of Deeds where the property is located at the rate of P8,796.00 for the first P1.7million plus P90.00 for every P20, 000.00 or fraction thereof in excess of P1.7 million.

Association fees are not standardized but are typically based on the area of your property, we recommend that you check the cost with the individual sellers.

Contact the seller for all final inspections and handover procedures prior to completion

 

(a) Real Property

Income Tax

If you are a corporation, or individual who is a Philippine resident, and engaged in real estate business, you will be subject to an ordinary income tax of up to 35% on the income derived from the sale of property. As a general rule, your buyer will be required to withhold 5% of the purchase price, zonal value or the market value under the Tax Declaration of the property, whichever is higher, and pay the same to the BIR to be credited to your potential income tax liability. 

Capital Gains Tax

If you are a corporation or individual (whether a Philippine resident or not), not engaged in the real estate business and the property is not used in the ordinary course of your business, the property will be treated as a capital asset. As such, the sale shall be subject to capital gains tax at the rate of 6% of the purchase price, zonal value or the market value under the Tax Declaration of the property, whichever is higher.

Value-Added Tax

If you are engaged in the real estate business, the sale of real property is subject to value added tax at the rate of 12% of the purchase price, zonal value or market value under the Tax Declaration, whichever is higher, except where the property sold is a residential lot with price below P1,500,000 or a residential dwelling with price below P2,500,000.

If the Seller is a corporation or individual not engaged in the real estate business and the property was not used in the ordinary course of the corporation’s business, the sale is not subject to value-added tax.

Documentary Stamp Tax

Documentary stamp tax at the rate of 1.5% of the purchase price, zonal value, or TD value of the property, whichever is higher, is payable upon the execution of the DOS to the BIR.

Local Transfer Tax

Local transfer tax is imposed by the local government unit where the property is located generally at the rate of 50% of 1% of the purchase price, zonal value, or TD value of the property, whichever is higher.

Registration Fees

Registration fees are payable to the Registry of Deeds where the property is located at the rate of P8,796.00 for the first P1.7million, plus P90.00 for every P20,000.00 or fraction thereof in excess of P1.7 million.

(b) Sale of Shares in a Corporation Owning Real Property

The sale of shares is typically subject to the following transaction costs:

Capital Gains Tax

The sale of shares not traded through the stock exchange shall be subject to a final tax at the rate of 5% of the first P100,000.00 of net gain derived from the sale, and an additional 10% in excess thereof..

Documentary Stamp Tax

Documentary stamp tax on the transfer of shares are payable at the rate of 0.75 for every 200.00, or fraction thereof, based on the par value of the shares.

(c) Other Modes of Unloading Property

Ownership of assets (whether shares of stock or real property) may also be transferred through donation or succession.

The transfer of property by succession is subject to estate tax at a rate based on the total value of the net estate. The net estate is the total gross estate of the decedent less allowable deductions. For purposes of computing the gross estate, the fair market value of real property transferred by succession shall be the higher of the zonal value or the market value under the Tax Declaration of the real property. The estate tax imposed under Philippine tax laws shall be credited with any estate tax that the estate of the non-resident decedent may have paid to the authority of a foreign country, subject to certain limitations.