Condominium: Ridgewood Towers (888 units) - Near Global City Taguig

RIDGEWOOD TOWERS  - FLOOD FREE
AS LOW AS 8,900/mo

The property is located at C-5 Avenue, Taguig, Metro Manila. In front of Global City. The total lot area is 5,187.38 square meters. It will consist of three towers; commercial spaces; ground, car-lift and basement parkings and attractive amenities such as a putting green, health walk, jogging path, children's playground, tree courtyard, outdoor table games, bicycling area, outdoor fitness lounge, landscape garden, flora & fauna and a lot more.

Same developers as Canyon Cove in Batangas and Canyon Woods in Tagaytay. Feel the resort living in the heart of the city. You can choose the view that's most comfortable to you.
Nearby establishments like Market-Market, BDO, Global City, St. Lukes, etc. No traffic and easy driving going to Makati CBD, Ortigas CBD, SLEX and other neighbor cities. Friendly to commuters too.

Available in 5 Sizes:

1 Bedroom Regular (21sqm or 226 sq.ft.)
1 Bedroom Suite (28sqm or 301 sq.ft.)
1 Bedroom Deluxe (33sqm or 355 sq.ft.)
2 Bedroom (42sqm)
3 Bedroom (62sqm) (Special Promo awaits for you)

Reservation fee: 20,000
Downpayment: 20% of the Total Contract Price
Discount applicable on Cash Term up to 12%

For more information, please feel free to contact Donald at 09158934959.

Note: Price may vary on the size and floor of the unit
              Prices are subject to change without prior notice
               PROMO IS ONLY APPLICABLE FOR 3 BEDROOM OF TOWER 1&2 IF YOU RESERVE THE UNIT WITH US. Promo is until October 1, 2009 only. Reserve your unit now!!! 

          

Frequently Asked Questions

About Citizenship

Q: I am an American citizen, can I buy a property in the Philippines?

A: Foreigners can own real estate properties with condominiums titles (CCT) and own up to 40% of the capital stock of a corporation which in turn can own land but cannot directly own land in the Philippines. A lease agreement can also be entered into by a foreigner with Filipino landowners for an initial period of 50 years renewable for another 25 years.

Q: I am a natural born Filipino but I have now acquired foreign citizenship. Can I buy a real estate property?

A: Yes. Under Republic Act 9225 (Dual Citizenship Law), former Filipinos who became naturalized citizens of other countries are deemed not to have lost their Philippine citizenship, thus enabling them to enjoy all the rights and privileges of a Filipino. They only have to apply for dual citizenship.

Q: If I don't want to apply for dual citizenship, can I still own a property in the Philippines?

A: A natural born Filipino who acquired foreign citizenship is entitled to own up to 1,000 sq.m. of residential land, and one (1) hectare of agricultural or farm land, even without gaining dual citizenship.

Q: What are the steps to gain dual citizenship?

A: If you are residing in the Philippines, file a written petition at the Bureau of Immigration (BI) for the cancellation of your alien certificate of registration and issuance of an identification certificate evidencing that you are a Filipino citizen. For those living abroad, apply at the nearest Philippine Embassy or Consulate. Approval of petition usually takes only about 2 weeks.

Bank FAQ

Q: How much do banks loan?

A: Generally banks require 30% to 40% buyer's equity based on the banks appraised value of the property and 60 to 70% is the loanable amount or it will be based on the borrower's capacity to pay, whichever is lower.

Q: How much is the interest rate and how long is the repayment period?

A: The interest rate varies from bank to bank, right now the prevailing rate is between 11 and 13% p.a. The repayment period is usually set by the borrower and the bank. Typically, the range is from 5 to 15 years.

Q: What are the requirements?

A: STANDARD APPLICATION DOCUMENTS

• Completely filled out application form
• Latest ID Photo of borrower and spouse
• Photocopy of acceptable ID with photo and signature (passport, driver’s license, employee ID)
• Latest ITR with W-2
• Proof of other non-salary income such as Certificate of Deposits, Stocks/Bonds Certificate, Lease Contracts showing term and monthly payments, etc.
• Photocopy of Marriage Contract or any applicable document to support civil status (if applicable)
• Owner’s Copy of Transfer/Condominium Certificate of Title (TCT or CCT)
• Vicinity/Location Map and Lot Plan signed by a Geodetic Engineer
• Floor Plan, as Built Plan or Schematic Floor Plan (if applicable)
• Photocopy of Bank Statements and Passbooks for the last 6 months
  
  

To be submitted if applicant is employed or salaried:
Original copy of Certificate of Employment, indicating length of service, position and annual salary

To be submitted if applicant is in business or practice of profession: Certificate of Business Registration with SEC or DTI
Articles of Incorporation and By-laws (if applicable)
Audited Financial Statements for the last 2 years
Two (2) years in-house Financial Statement and Interim Statement (when available)
Business Background/Company Profile
Trade Suppliers/Customers (at least 3 for each with contact persons and telephone numbers)
     ADDITIONAL DOCUMENTS (depending on loan purpose)

HOUSE CONSTRUCTION & RENOVATION LOANS
Floor and Building Plan, building specifications, bill of materials and construction & labor cost estimates
PURCHASE OF CONDOMINIUM
Master Deed of Restrictions
Master Insurance Policy
Mother TCT or CCT (if applicable)
PURCHASE OF TOWNHOUSE
Mother TCT or CCT (if the title of the townhouse is covered by a CCT)
REFINANCING/TAKE-OUT
Statement of Account from mortgagee bank

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