Circulo Verde Model Units

Yesterday, I went to check out the model units at Circulo Verde, a 12-hectare master-planned development by Ortigas designed to bring the essence and charm of a small town into the spirit of the big city.

The concept behind Circulo Verde is that residents will always be within walking distance from an open space, whether it be a park or river access.

And despite being surrounded by the beauty of nature, residents will also find modern conveniences within the neighborhood.

I’m actually not concerned about how pretty the development will look like or the amenities offered; all I want is a well-lit place of my own that’s safe and easy to access through public transport. The problem with Circulo Verde is that it’s a bit far from the nearest MRT station (Santolan) and to get to C5, you’ll have to take a tricycle. What I do love about Circulo Verde is that each room is spacious, well-designed, and come with easy payment terms. I took a look at the one-bedroom flat and one-bedroom loft units yesterday and I’m very impressed with what they’ve got.

Continue reading

Balikbayans and Philippine Real Estate Ownership

The Philippine real estate market is being kept afloat by OFWs and Filipinos abroad, but can natural-born Filipinos who lost their citizenship, or balikbayans, own real estate property in the Philippines?

The Philipipne Law says yes, but there are several limitations to this:

1) The land may be acquired through donation, sale, tax sale, execution sale, or foreclosure.
2) The land can only be used for residential or business purposes.
3) If the land will be used for residential purposes, one can only own 1,000 sq meters maximum of urban land, or 1 hectare of rural land.
4) If the land will be used for business purposes, one can only own 5,000 sq meters maximum of urban land or 3 hectares of rural land.
5) A maximum of two lots that do not exceed the maximum limit in the total combined areas is allowed. The lots must be located in different municipalities or cities.
6) Either urban or rural lots can be acquired – not both.
7) For married former Filipinos, either one or both spouses may avail of this within the limitations above. This means that if both avail of property, the total area acquired by the couple must not exceed the maximum.
8) Transfeeres who already own urban or rural property for business or other purposes are entitled to be a transferee, so long as when added to those already owned, the property must not exceed the maximum.

Dual citizenship holders, however, are allowed full rights of real estate possession in the Philippines.

Aviva Home

As many of Britain’s population become “asset-rich” but “cash-poor”, many people are turning to Aviva Life – Equity Release options to pave the way to greater financial freedom. With their award-winning products, over 100,000 people have used Aviva Home plans to retire comfortably, with few financial worries.

Aviva has been providing equity release for over 12 years, using lifetime mortgages. These are long-term loans where you receive a certain amount of money based on your property’s value while you continue to own and live in your home.  The beauty of the lifetime mortgage is that you don’t have to make any monthly payments while the loan is active. The amount you receive and the interest you accrue will be repaid when your property is sold after you pass away or go into long-term care.
Continue reading

Luxury Houses in the Philippines is a Strong Market

The world financial crisis is expected to affect the Philippines in 2009 but despite the recession, luxury housing remains a strong market in the Philippines. The demand for high-end properties within Metro Manila, its suburbs, and the provinces stays strong and resilient. This is because property values in the luxury segment of real estate are very limited. Although there have been new projects launched in 2008 to take advantage of the market, the supply is still not enough to satisfy demand.

One of the newer projects is the Raffles Residences in Makati. This development by Kingdom Hotel Investments is worth US $153 million and includes a 30-suite Raffles Hotel, a 300-room Fairmont Hotel, and 200 luxury apartments. It’s still in pre-construction, but already the Raffles Residences reached a record high for sales.

Now is the best time to invest in luxury housing in the Philippines because the property values will start leveling mid-2009. Remember that property transactions take a lot of time to pull through, and it would be a good idea to start doing research on great buys in the market.

Photo credit and source

Feng Shui: Home Tips for the Year of the Ox (2009)

Most people don’t know that in the Chinese calendar, 2009 or the year of the Ox doesn’t start until February 4 – this is the date when the animal sign changes from the rat to the ox. Regardless of what year it is, all of us have to be aware of three locations in the house – the tai sui (north east), the wu wang (north), and the sam sart (east). These locations are usually occupied by harmful qi, and any disturbances in these areas brings bad luck to those who live in the house. Disturbances means any vibrations in the walls or floors caused by renovation processes like drilling or hammering.

During the year of the ox, the north east will have the strongest negative qi. Do not disturb this area with renovations and do not sit facing the northeast. All business negotiations should be done with you facing away from the northeast; this way, you are making the other party confront the negative energy of the tai sui, which will work to your advantage.

The north will be emanating a lot of strong energy this year. Avoid placing open flames like candles or anything red in color because this will strengthen the energy in this area. To negate the energy, place a traditional 5-element pagoda in this area. Be extra cautious in July 2009 if the main door of your house or your bedroom is located in the North.

As for the East, it can bring injury or sickness when disturbed. Unlike the Northeast, however, you should confront it directly; do not sit with the east behind you.

Photo credit

Bedroom Storage Solutions

Your bedroom is your personal sanctuary; it must be a place filled with positive energy that will rejuvenate and reflect the kind of life you want for yourself. Create a peaceful atmosphere in your room by going through your things, sorting out what you need and what you can throw away, and organizing the ones you decided to keep.

If your bedroom is filled with clutter, get everything sorted out by separating your objects into different piles. The first pile should be made up of clothes and shoes. Empty your entire closet and shoe cabinet and decide which items you love wearing and which you can do without. Then grab your beddings and make another pile for them; throw out old or torn linens. Make another pile for jewelry and remove pieces that are broken or that you don’t wear. Cosmetics, perfumes, and lotions go into another pile; throw out items that are almost empty or that have been around for over a year. Finally, look under the bed for general clutter and throw out objects you have no use for.

Now that you’ve sorted through your belongings, it’s time for you to increase your closet’s efficiency by getting rattan boxes in different sizes. They can fit well in corners and can accommodate linens, clothes not often worn, and other items. You can also add canvas hangings for skirts and sweaters or fit in a tiered rack for shoes if you don’t have a shoe cabinet. If your closet already has shelves, place clear plastic boxes of different sizes so you can see at a glance what is stored inside. Keep all socks, underwear, and stockings inside drawers; plastic boxes can also be placed inside narrow drawers to hold your socks and underwear. If you don’t have space in your cabinet for linens, comforters, and other bulky items, place them inside wicker boxes and use the box to decorate the foot of your bed.

If you have a lot of jewelry and fashion accessories, invest in a jewelry tree – this serves the double purpose of organizing your accessories and being a decorative item on your dresser. Place all your cosmetics in clear plastic boxes with compartments so tubes and brushes can stand upright. Alternately, you can also use tiered or partitioned boxes to store pendants and earrings.

Finally, install hooks behind your door or inside your closet’s door where you can neatly hang bags, belts, bathrobes, and other items you use regularly.

Photo credit