SOLD: 26 Room Operational Hotel near Clark Freeport

Recently included in our property listing for investor who would like to engage in the hospitality business with existing customer base with revenue income generation capability.

Property Details:

Location: Dau, Mabalacat City, Pampanga
Lot Area: 354 square meters
Total Floor Area: 700 square meters
Parking Spaces / Provision: 8 parking spaces
No. of Storey(s): Two
Price: P 44,000,000.00 (Negotiable)

For more information, please contact us at:

CRB Benedict Baluyut, REB

PRC REBL No. 8358

Mobile No. 09175100734 (Globe / Whatsapp/ Viber)

Website: www.cfbaluyutrealty.com

Email: cfbaluyutrealty2004@gmail.com

Related Posts:

Property For Sale: One Bedroom Ready For Occupancy Residential Condominium in Makati City
Property For Sale: Ready For Occupancy House and Lot in Mabalacat City
Property For Sale: Four Unit Residential Apartment in Dau, Mabalacat City

Copyright 2004 - 2019 C. F. Baluyut Realty | Real Estate in Pampanga, Philippines. All Rights Reserved.

POGOs: Why are they here in the Philippines (Part 2)?

Photo by Drew Rae from Pexels

Gambling As A Social Problem?

Although, gambling industry is a legal in the country and regulated by PAGCOR. In reality, gambling is highly addictive vice with money earned from easy /fast transaction. It can cripple one's finances if losses are incurred from such a devastating vice that could  also destroy personal relationships with family and friends.

Filipinos are not affected by these online gambling industry of these POGOs because it stated on the rules and regulation on the operation of offshore gaming that they are not allowed to play and have no access on these online vices. Most of these POGOs are owned by mainland Chinese with Filipino citizen partners under a formation of gaming and entertainment corporations through existing legal laws of the Phillippines through corporation which comprised of 60% owned by Filipinos and 40% owned by foreigners.

SOLD: House and Lot For Sale in City of San Fernando, Pampanga (RS-008-2019)

We have recently included in our property listing a house & lot ideal for a growing family located in a secure subdivision with safe yet peaceful neighborhood close to SM City Telabastagan and Angeles City. Walking distance to MacArthur Highway and minutes away from Mexico Exit of North Luzon Expressway via Tourism Convergence Road and many more...

Property Details:

Location: Richtown Subdivision Phase 1, Sindalan, City of San Fernando, Pampanga

Lot Area: 180 square meters
Floor Area: 200 square meters
3 Bedrooms (Master Bedroom, Two bedrooms for kid)
Balcony
2 Toilet & Bath (One in Master's Bedroom; One in ground floor)
2 Car Garage
2 Storey Home
Morning Sun Location

Price: P 5,500,000.00 (Negotiable)

POGOs: Why are they here in the Philippines (Part 1)?

Photos Credits

There has been a hot debate on social media and other media outlets concerning the growing number of Chinese workers in Metro Manila. A number of them are working on gaming industry which are composed of legitimate information technology based game development for the Chinese market or even cater the world market but most of them are involved in gambling through proliferating online casino which is "illegal and prohibited in their own country". 

What Are Philippine Offshore Gaming Operators (POGOs)?

Philippine laws allows the creation of gambling and entertainment companies through the management of Philippine Amusement and Gaming Corporation (PAGCOR) a government owned enterprises which overseers and regulates these companies or corporation involved in this industry. There is an projected P 20 billion pesos revenue generated as stated by PAGCOR on the profits earned in this industry.

Win-win Situation for Our Filipino Compatriots?

For our local real estate professionals / property owners, it had given them prosperity as the demand of residential housing is rising, driving the market into overload with residential condominium units and office buildings. For examples: Those located in one floor in the Bay Area - SM Mall of Asia is being leased by these foreign workers or in McKinley Hill / West (BGC, Taguig City) to their Chinese locators with Filipino contacts.

Filinvest Land Inc and Megaworld Corporation are the biggest winners or could be the biggest loosers? at the same time in terms of office leasing for these foreign companies that are located on commercial or office buildings in their estates or owned by these real estate development companies around Metro Manila. SM Development Corp projects located near SM Mall of Asia are mostly on the leasing of commercial with majority in residential properties by private unit owners or handled private property management hired by private unit owners may or may not be associated with these developers.

In Paranaque alone, there were complaints from local residents of intrusion and being offered money by these foreign locators with their local counterparts in order to acquire a property of the said residents driving the fair market value of prices too steep for ordinary Filipinos to buy or own or even rent a home that led to local renters being driven away further from this area because of increase in rent or lease of residential apartments or homes. There was also an incident of Chinese only food park in Las Pinas with no business permits and unsanitary practice operating around the area which received a lot of attention from local residents and social media. Action was taken by local government unit of Las Pinas on this incident on complaints of the local populace of such illegal operation happening around their community.   

Why Chinese workers are here?

Similar to Overseas Filipino Worker (OFWs) they are working overseas in order to fulfill their needs and at the same time provide to their families left behind in mainland China. The recent events in US-China Trade tensions, have caused unemployment and layoff in China's manufacturing sector with the economy falling and the Chinese government creating a stimulus in order to maintain the economy with last year's GDP performance of 6.4% growth. Plus the compensation for a hired POGO workers who are compensated with P 80,000.00 to P 130,000.00 per month as a "data analyst"  per se with free living accommodation and allowance and return ticket to China who would grab an opportunity or refuse an offer for job like this. The POGO workers age usually in their early 20s to late 30s or some in their 40s. There was also rumors or speculation from other foreign communities / expatriates about POGO managers mainly that they earn at least P 1,000,000.00 to P 4,000,000.00 per month on managing a firm in the Philippines which is unverifiable?

External Security Threat?

Recently, Secretary of National Defense Delfin Lorenzana and other politicians in congress were alarmed with the possibility of external security threats of these POGOs sprouting near military bases and other important government installations. It has become a threat for local security forces against foreign intrusion with the possibility of espionage in our country by these foreign workers who are of military age men (MEM) in military lingo.  

Screen Grab from former Sen. Rafael Alunan's Facebook 

To be continued on our next article....

About the Writer

CRB Benedict Baluyut is a professional real estate broker, real estate appraiser and associate of C. F. Baluyut Realty. He is currently the Vice President for External Affairs, Real Estate Brokers Association of the Philippines, Inc. (REBAP) - Pampanga Chapter. You can get in touch with him at https://www.cfbaluyutrealty.com.

Related Posts:

What's Up: Pampanga in the Forefront of Growth in Central Luzon and Beyond
Urbes Orientem: The Rise of Township Development in Pampanga

Copyright 2004 - 2019 C. F. Baluyut Realty | Real Estate in Pampanga, Philippines. All Rights Reserved.

Why You Should Avail Tax Amnesty Now For Your Real Estate Properties!

People think that paying estate tax is a burdensome process but to relieve yourself from stress one should pay the right amount just to comply tax law's of the land.  The prior to the implementation of Republic Act 11213 (Tax Amnesty Act of 2019), payment of estate tax is at a rate of up to 60% and is very steep for many ordinary Filipinos.

By definition,  Estate Tax is a tax on the right of the deceased person to transmit his/her estate to his/her lawful heirs and beneficiaries at the time of death and on certain transfers, which are made by law as equivalent to testamentary disposition. It is not a tax on property. It is a tax imposed on the privilege of transmitting property upon the death of the owner.

Inside Real Estate: Can You Really Afford the Monthly Mortgage?

If yes, these are what you need to know first before making any drastic and tedious decisions because buying a real estate takes a lot of your finances and you should keep them in order for you to pay it regularly at the same time take pride in owning your very own home or your investment property. Therefore, it is imperative that studying first your personal finances, making decision with your husband or wife plus other expenses your family incur daily.

Pre-owned: Ready For Occupancy One Bedroom Residential Condominium in the bustling Makati City

Recently added in our listing is a one bedroom residential condominium located at Jazz Residences located along Nicanor Garcia Street (formerly Jupiter Street), Brgy. Bel-Air, Makati City:

30th Floor, Cello Tower

Property Details

• 1 Bedroom
• 33 Square Meter
• Parking Slot: Not Available
• Furnished
• Price: Php 5,300,000 (Negotiable)
• Overlooking Amenity Area, walking distance to Mapua University Makati campus and Gil Puyat Avenue.

The 1st Real Estate Salesperson Training Seminar to be held in City of San Fernando, Pampanga by REBAP Pampanga Chapter!

Last 20th of March 2019, there developments coming from the Professional Regulations Board on Real Estate Services - Professional Regulations Commission (PRBRES - PRC) on the training of real estate salesperson which is a 15  credit units approved and sanctioned by PRC itself through Real Estate Brokers Association of the Philippines, Inc. - Pampanga Chapter. It is a streamlined sales training to be given t the participants particularly the entry level. Basically an "Introduction to Real Estate Seminar" for those who have zero knowledge and at the same time those who have not applied yet to PRC on their accreditation as legitimate real estate salesperson.

Impact of Republic Act 9649 or RESA Law in Real Estate Industry

REBAP Greenhills Chapter is the host chapter of this event

Recently we were invited on the 1st National General Membership Meeting at Real Estate Brokers Association of the Philippines in Le Pavillion, Pasay City last 9th of April 2009. We were honored and privileged to have Professional Regulation Board of Real Estate Services (PRBRES) Chairperson Dr. Pilar Torres-Banaag in person on the updates on the practice of Republic Act 9646 or Real Estate Service Act of 2009 also known as RESA. 

Dr. Banaag stance was to educate people on the this law which is already 10 years in effect with the effectivity of the Implementing Rules and Regulations (IRR) back in 10th of July 2010 (see link) on our first organizational event for 2019.

This is a warning to all practitioner who are not licensed or not even accredited as real estate salesperson here in the Philippines. At this time there were are number of people already filed with cases with PRC Legal offices and a task force anti-colorum initiated by the stakeholder real estate organizations and individuals have also spearheaded this momentous task of cleaning and policing the profession.

What's Up: An Exclusive Look Inside New Clark City.

Last 19th February 2019, we were given the privilege to have a tour inside New Clark City. New Clark City or NCC is  9,450 hectares of carefully masterplanned urban mixed use development located in Capas, Tarlac. It is almost a similar development with Bonifacio Global City (BGC) in Taguig City. Let’s see more video of this development located above.

What's Up: The Trains Are Coming to the North (Part 1)!

Photo Credits

"This is a two part post on the mass transportation project we have in the Philippines using trains."

It has been exciting two and half years with current President Rodrigo R. Duterte’s assumption to the highest seat of the Philippine government as the 16^th President of the Republic of the Philippines, succeeding former President Benigno S. Aquino III in June 30, 2016. 

The Duterte Administration's "Build, build, build" (BBB) program has been the forefront of developing a nationwide economic revitalization and growth of our country. This is just the continuation of some of the projects planned during former President and now 4th District of Pampanga and House Speaker Representative Gloria Macapagal-Arroyo and also some plans or projects from the previous administration namely former President Fidel V. Ramos (1992 – 1998), former President and now City of Manila Mayor Joseph Ejercito-Estrada and they say former President Ferdinand E. Marcos as early as the late 1970s during his dictatorship.

How to Build Your Real Estate Portfolio

Photo Credits

Imagine this:

You are married now, your family is growing and wanted to build a homestead;

You already dabbled in the stock market, foreign exchange and cryptocurrency trading;

You ask these questions?

Are you ready to build your real estate portfolio?

For many of our previous clients we ask this following questions:

Urbes Orientem: The Rise of Township Development in Pampanga

Pampanga has become one of the strongest province in terms of infrastructure development in the mid-2000s during the term of then President and now Congressman Gloria Macapagal-Arroyo. The province has become a potential powerhouse in growth second to Metro Manila and the first in Central Luzon. The province of Pampanga is in the “W” growth corridor of northern Philippines in which Clark Freeport Zone’s growth, development and expansion has a become a game changer. It produces spillovers to nearby towns producing local jobs, local and international businesses and investments from foreign companies expanding in the country from export processing, business process outsourcing and commercial leasing of spaces either inside this former U.S. military base as well.

What's Up: Pampanga in the Forefront of Growth in Central Luzon and Beyond

For the few decades, Pampanga is now in the crossroads of progress and development. Surviving from different calamities and conflicts in the past decades or even into three centuries of post-European and American colonialism. It has become destination for tourism and businesses with its skilled manpower from Business Process Outsourcing Companies (BPOCs) to manufacturing in textiles, furnitures, electronic even microchips.

Data Privacy Act: Why Is it Very Important For You!

Photo Credits

This topic is very relevant in general with the advent on the use of technology from the internet, and social media. People nowadays are wired almost 24 hours / 7 days with average of two hours or more to their devices or gadgets specifically on their phones or tabs watching Youtube videos or movies on Netflix. It has become a norm nowadays with less personal interaction with people relying mostly on their messaging apps. However, illegal access of personal by hackers or other criminal elements with technical knowledge in information technology have been a trend in recent times using cyber attack with malicious software (malware) threatening your digital information and other particulars.

We have included the whole of this law for everybody's information. As a digital seller we also comply with this law in protecting our clients information when transacting with us through emails or other messaging apps.

What's Up: Tiera Rica!

Exciting development are happening this 2019.

We recently have our first meeting for this year and a short broker's presentation on this project called Tiera Rica. 

What's Up: Mansfield Residences Angeles City Opens Phase 6

On our recently concluded meeting with the Broker Coordinator and staff of The Hauslands Corp. on Mansfields Residences located along Fil-Am Friendship Highway, Santo Domingo, Angeles City has an upcoming development at its Phase 6. Delivering again one of its best selling projects up to date.

The new site development map for phase 6 was finalized after months of technical readjustment by the design and engineering departments.

What's Up: Bridepointe Place Opens its new Clubhouse

Bridegpointe Place has recently announced the opening and blessing of its soon to be operational clubhouse and basketball court and the ground breaking of its Phase 3 with former PBA stars Vince Hizon and Nelson Asaytono as guests of honor.

For Sale: Montala Residential Lots at Alviera Now Open For Lottery!

Montala Alviera Lots for Lottery on 24 Jan 2019 in Angeles City Pampanga 

Dear Alviera Investor!

We recently received an email from our Project Site Manager of Montana regarding the availability of three lots for lottery. The three residential lots have sizes starting from 250 square meters to 330 square meters.   

What's Up: At La Aldea Fernandina II this January 2019

On our monthly broker's meeting, we were greeted with a very pleasant surprise for 2019. In making 2018 a very productive year.

Still La Aldea Fernandina II, a two-storey, two bedroom rowhouse is still undergoing development and construction. The community will complement its predecessor La Aldea Fernandina I located in Sitio Sampaloc, Brgy. Dolores, City of San Fernando, Pampanga