RP now on last year of property boom cycle

THE Philippines is on the 11th and last year of a property boom but the cycle could still be extended by the Aquino administration if it rids the real-estate sector of red tape and other sources of corruption.

This, according to noted urban planner Felino A. Palafox, who noted that the administration was coming in with “so much optimism.”

“Without corruption we can still have this 11th year significant for the sector,” Palafox told BusinessMirror on Thursday, the 21st anniversary of his firm Palafox Associates.

Palafox said the Aquino administration could take advantage of the closing window of opportunity by reviewing the number of signatures required for development and building permits.

He said it takes 32 signatures for a development permit and 12 for a building permit.

“These not only serve as devil’s playground for corruption but also as obstacles to the boom.”

Palafox said that by cutting down on red tape in securing permits for property-development projects, the government could earn 20 percent more while the private-sector costs could be slashed by 10 percent

He also said allowing foreigners to own at least 10 percent of their property in the country could help extend the last leg of the  property boom here.

The real-estate sector in developed countries considers a boom-and-bust cycle of seven to 11 years, Palafox said. In the Philippines, the cycle began in the latter years of the Estrada administration and took most of the 10-years under former President Arroyo.

The market shook with the September 11 terror attacks in the United States and the recession of the US economy in 2008, Palafox said, “but because of the remittances by millions of Filipinos in other countries, our property sector took off.” The boom was also driven by a budding business process outsourcing industry, he said.

With a huge budget deficit and a promise not to raise taxes, the Aquino administration maybe hard-pressed to finance many of its projects which could cost a total of P20 billion a year, according to some lobbyists.

Using the latest figures that Palafox Associates submitted to the Securities and Exchange Commission, the boom may have already tapered off as the partnership’s architect fees last year dropped nearly 30 percent (24.83%) to P97.05 million from P129.099 million the previous year.

The firm also had its total cash in 2009 slashed by nearly 33 percent (32.59%) to P28.99 million from a cash balance of P43.02 million the previous year.

Registered in 1991 as a general professional partnership, Palafox Associates is in architectural design, urban planning, master planning, environmental planning, interior design and consultancy. It’s not subject to income tax.
source

New malls boost Robinsons Land's 2009 earnings

MANILA, Philippines - Robinsons Land Corp.'s consolidated net income for 2009 rose 4%, owing mainly to robust mall operations.

In a statement, the Gokongwei-led property firm reported that its earnings last year hit P3.27 billion as revenues reached P10.73 billion. Excluding extraordinary items, it said income grew by 10%.

"Amidst a global financial crisis in the year 2009, RLC performed very well and above expectations," said the company's president and chief operating officer, Frederick Go.

Robinsons' shopping mall and office building divisions continued to post strong growth while its residential and hotel segments recorded declines due to the economic downturn.

The company's commercial center division accounted for P4.21 billion or 39% of total revenues, up 14% year-on-year. The growth was attributed to income from newly opened malls in Tacloban, Cabanatuan, Pulilan, and Davao; and higher rental income from existing malls.

The office building division, meanwhile, posted gross revenues of P1.1 billion, representing a 26% growth over the same period the previous year, due to new space provided by Robinsons Cybergate Towers 2 and 3. Operating profit of this group jumped 20% to P738 million.

Robinsons said its hotel and residential groups registered revenue declines of 8.7% and 20%, respectively.

Compare Plymouth to Top 10 Best Places

Topnotch schools, good jobs, affordable housing, low crime, an active outdoor culture - yep, they're pretty much all here. Plymouth could have become just another Twin Cities suburb, but more than 50,000 jobs keep residents working there.

Home prices are within reason: The typical three-bedroom, two-bath house goes for $350,000. The city's main school district is ranked among the top three in the state, and for culture, Plymouth's open-air amphitheater, the Hilde Performance Center, hosts numerous summer concerts. Residents are a quick drive from the Mall of America, the nation's biggest mall.

And did we mention the outdoors? Plymouth boasts more than half a dozen sizable bodies of water. Of course, this being Minnesota, winter can be brutal: January's average low temperature is about 13°F. But when the mercury plummets, the locals get busy. In February the city hosts a Fire & Ice Festival that includes mini-golf, bowling and basketball - all right on the ice.

source : http://money.cnn.com/magazines/moneymag/bplive/2008/snapshots/PL2751730.html

How Anyone Can Buy Commercial Real Estate.

After 5 years, I'm going to break my silence and spill the beans on my secret methods...

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From: Austin Davis [ NOW UPDATED FOR 2009! CREDIT CRISIS PROOF! ]

Established investors buying commercial properties left and right have begged me not to sell this program guide to the general public.

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See, while other people are reading books and taking seminars, changing their minds over and over... and causing “paralysis by analysis”... or worst yet too skeptical to try anything new -- all you have to do is put this simple to use program into action and gain the power of a near cash buyer in as little as 60 days.

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Real Estate Doesn't Have To Be hard!

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I Hope You're Reading Closely...
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What it comes down to is that the most successful Investors use leverage.

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"The Ultimate How to Buy
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It's truly an incredible program. Here's the specs:

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Now listen. I know you might be wary. You might even be thinking, “Too good to be true.”

So I recommend you...

Just Use Common Sense.. Because..
"Real Estate Cash Flow" Pays the Bills!

You will always use the program to buy commercial property that cash flows and supports itself..

Your funding is approved only if the investor funding can be paid back with cash flow from it - and it leaves you with money left over each month...

The reason most funding is not approved for investors is because they don't have enough "skin in the game" for a commercial mortgage to be approved.

My program gives you "skin in the game"...

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I Propose You Take A Challenge.

Everyone just like you is always Scared and Skeptical. Scared to get into Real Estate, worried about loosing money... Skeptical this program will work for them...

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Start using the program methods to attract partners right away... or if you are a US Citizen you don't need any partners although if you have low credit, bad credit or no credit having a partner with good credit will help you a lot. You can contact my vendors in the program for help even with bad credit or no credit! Right now my vendors in the program have no credit requirements for the entry level options! You can attract partners easy with the methods the programs teaches if you don't have good credit and want more options or if you are a non US citizen.

If for some reason it doesn't work for you, and my program and the vendors can't get you or your partners approved send me a e-mail and I'll refund you right away a full 100%. No questions asked. There is no shipping charge so you get a 100% refund! I even include a support email when you order with a online customer website to request a refund of 100% live! Of course, I do ask you contact me or the vendors in my program if you have any questions or are having trouble before asking for a refund if you really want to buy commercial property. I want to help you with my program get started so if you are really serious always ask for help before asking for a refund. If you just change your mind and want a refund you can request one and I will gladly give you one and you don't need a reason or a excuse we all change our mind from time to time and I understand that.

Why Am I Sharing This?

Honestly, I don't want your money if you're not able to buy property from my program. However, I do have to sort out people who aren't ready to take action so they don't flood the vendors in my program with calls and emails that just waste their time. Also, when you buy my program and register I offer property for sale to my customer list from time to time so you will be on the list of the first people to have the chance to buy from me and other members!

Truth be told that is one of my biggest motivational factors in publishing my program to the public - to own a large and loyal list of buyers! I never have to list with brokers and I am able to get property under contract and flip it to my list members on assignment!

The best part is I know my list members can get funding because I taught them how to do it! By the way if you have commercial property in the US you want to sell be sure to contact me. I will put it under contract and offer it to my list and collecting payment from the buyer on a assignment fee. So you as the seller don't even have to pay a broker fee or spend a dime to sell!

Now I'll bet you're wondering...

“ What's The Bottom Line? ”

First, let me ask you a question.

How much is potentially buying your first commercial property worth to you?

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Or what about if I only asked for half a month's profit of $1,500? Remember, I'm low balling here...

But I'm not going to charge $2,998 or $1,500. In fact, my program is only a small investment of $1,000. But wait.. if you promise to send me a video testimonial after your first $10,000 profit from a property's cash flow to share on my website I'll SLASH another 90% off right now if you buy today.. so you get it for just $99.00!

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After that, the price shoots back up. My clients are begging me to raise the price now so fewer people buy the program. Once I have testimonials back the price goes up.

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But don't say YES right now...

Just Say 'Maybe' And Try It
Without Any Risk For A Full 60 Days...

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And enter your credit card details. But remember you've got a full 60 days to evaluate this system, with my risk-free trial.

That means... You have a whole 2 months to test this program 100% risk free.. And in those 60 days, you’ll be able to put what I have described to work and be on your way to buying Commercial Real Estate.

Which means, if I’m wrong about all of this... You’ve only lost a few minutes of your time.

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construction underway

Over the previous few years, greater amount of and more everyone in the United States have carried on offering real estate notes for sale. Selling real estate is an easy way to turn one's monthly receivable payment into an immediate and large sum of cash. A real estate note for sale can be a mortgage note, a contract for sale or a land contract.

The best way to find real estate notes for sale is to look for real estate note listings. Several websites provide information on real estate notes for sale. They by and large list real estate notes from different states. These websites also provide information on various categories of true estate notes. You can approach real estate note brokers who traditionally have up-to-date data on the true estate note market. They can too simplify the course of transaction. Local newspapers and magazines are other housing to look for real estate notes for sale. Real estate purchase clubs are a good forum to discuss matters related to true estate notes.

Competition in currently field is very high. Earlier, it was easy to buy real estate notes for huge margins of profit. With several banking institutions and companies hunting for true estate notes, individual households often find it hard to buy and sell real estate notes. Most real estate note resellers do not sell their entire lot of real estate notes at once. This can place individual buyers in certain tricky situations. Generally, real estate notes sold partially ought to not craft immediate income. It is better you go for expert help, as the transaction can sometimes be confusing. source

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