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Grand San Marino Residences North Reclamation Cebu

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6 months ago by bongmecca

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PHP 7,100

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Looking for CONDOMINIUM closer to EVERYTHING? Atbang sa Robinson's Galleria Reclamation area AS LOW AS 7,100/MONTH! MAO NANI INYO GIPANGITA nga duol ra kaayo accessible sa tanan malls,schools,Restaurant and especially during SINULOG pwede ra malakaw. FAQ: What happens to your condo investment after 50 years? - In the Philippines, there is a law that protects the interest of the unit owners in a condominium project. This is the Republic Act 4726 or The Condominium Act of the Philippines which was mandated on June 18, 1966. It’s not like you will buy a condominium property and then after 50 years, your investment will be gone, just like that. When a condominium project is fully turned over to the unit owners, it becomes just like a corporation, and you are one of the owners of that corporation if you have a unit there. So it follows that you will have a “say” in the decision making as to what to do with the whole building, and if it has been decided that the property is going to be sold or demolished so that a new property will be developed on the area, you will get your appropriate share of the proceeds of the sale. Just like any investment, your condominium property can last, can be profitable and can be passed on to your heir(s). Now that's a fact. For your real estate investment assistance please send us PM or contact 09435074311

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