Thread: Other Areas
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03-14-12 02:26 #1581
Posts: 1685Originally Posted by Mc Don [View Original Post]
But, cross the road for the beach (the other side of the road belongs to the hotel) and free shuttle to the Mall, and stay away from the hustle and bustle of the area around D Mall. Look up Boracay Beach Club!
Quite and nice pool and good service. And they package in a in-room massage as well.
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03-13-12 15:53 #1580
Posts: 600Boracay
Can anyone recomend a hotel near station 2 in Boracay? I will be there for 2 days only so looking for convinance more than anything. Pool, close to beach and D Mall.
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03-09-12 22:02 #1579
Posts: 18About Legaspi
Originally Posted by Sir Lancelot [View Original Post]
There are a few bar / restaurants in Albay at Penaranda Park. Or you can head to Embarcadero at Legaspi Port. There are more bars and restaurants there.
Girlie bars have been mostly banned from the city. For some action you will want to go to Lady Anne. It is located near the north east end of the airport runway. It features some gogo style dancing on a central stage. There are quite a few nice girls you can invite to your table and buy a San Mig. More action can happen on site. Not sure about take out or bar fine. I was there with family members so my options were limited to try out the offerings in more detail.
Whitetiger
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03-09-12 16:40 #1578
Posts: 704Land ownership in the philippines
Purchasing property in the Philippines can be more complicated than previously outlined below.
Unlike almost all other countries operating under the Torrens Title system, in the Philippines, there are four legal sources of title to land.
So you, or your wife / gf etc may hold a legal title, but if some senator likes the look of your place, he can have a legal title to the same property raised in his / her name.
He then claims the property and argues the case in court. You will never win this argument.
In a test project in Quezon City a few years ago, a shop owner was found who was paying rent to three owners, all of whom claimed to have the legitimate title.
G
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03-09-12 06:36 #1577
Posts: 3Wow
Originally Posted by Jambo [View Original Post]
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03-08-12 01:49 #1576
Posts: 4Coron Accommodation
Hi all,
Reading on here that things are a bit thin on the ground in Coron, but I'm planning on giving it a shot anyway. Does anyone have any accommodation recommendations. Would hate to find some talent then have problems getting them back into my room!
As a thanks, here are some pics from my last AC trip.
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03-02-12 04:40 #1575
Posts: 409Tagbilaran City. Bohol
I haven't seen anything in this forum on Bohol (except a vague report that there are bars there) so this might be a first. I went to Solid Gold, which is a KTV in downtown Tagbilaran City (ask a trike driver to take you). The following info is all from my bar fine, so take it with the grain of sand that it is from a single source. The authorities will not allow dancing so this is a "real" KTV (with karaoke) and my girl did sing two songs (5p each). There was not even a stage, she sang from her seat. She said that there was a private room but no sex was allowed in it. A single lady drink was about 160p (and they did have doubles).
She told me that there were 3 other bars in town but they were all smaller, having 4-5 women each. Sold Gold has about a dozen women although I only saw around 6 the short time I was there. I would say all the women were 4-6's. The bar fine was 1700p for ST; LT is 2000p. No extra to the girl is required but mine did ask for cab fare. Service was rushed but adequate.
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03-01-12 20:49 #1574
Posts: 864Originally Posted by Gaijin Gigolo [View Original Post]
Originally Posted by Questor55 [View Original Post]
I would only undergo option one if the foreigner was married to a filipina and the marriage is based on long-term love not on convenience. Forget the GF, buddy, business partner, bank manager or lawyer route as relationships in the Philippines that often seem rock solid have a way of going bad once money is involved.
Dangle a property worth several million pesos (or more) infront of a local and tell them you will draw up a non-legally binding contract and oh by the way I will just use your name on the title deed and see how long things stay solid. Just long enough for you to build a very nice house or business only to find out the person who legally owns the land-property because his name is on the title deed Has decided you no longer matter. Then has the PNP and court system remove you from said property and warns you if you return prison awaits. Ya, real good option.
Option 2, making a lease agreement with the land-property owner.
While this can be a viable option for land-property use, and some have been successful at doing this, they are the exception to the rule and many many foreigners have learned the hard way this option is not a good one.
First you have to understand that whoever claims to be the rightful owner of the land may in fact not be the real owner even if that person is paying the land taxes on the property. Record keeping in the Philippines dealing with land ownership and title deeds is a mess and often discovering who exactly owns the property is almost impossible in some situations.
That being said, the lease agreement can succeed in some instances. The lease can be up to 25 years (never 99 years) , extendable for another 25 years if BOTH PARTIES ARE AGREEABLE. In order for the lease to be binding on third parties (Heirs, buyers, etc) the lease must be annotated on the title at registrar of deeds. The lease can be drawn up in any manner agreeable to both parties. It can be made transferable, assignable, subleasable, etc, as long as it is done properly, and annotated on the title at the registrar of deeds.
The problems often occur if the person you make the lease agreement with is NOT the sole owner or sole heir to the property. Making a lease agreement with only one heir means the other siblings and-or family members can make a claim on the property at any time and that means the original lease agreement is NUL and VOID. If the owner of the property suddenly dies that means the lease agreement is in theory broken and you could find yourself on the wrong side of the gate with all your things looking in.
The law implemented in 1974 by then President Marcos is PD 471 and still applies today for issues dealing with foreigners leasing land-property.
Pitfalls are many dealing with lease agreements and using a good lawyer is paramount to success but nothing is 100 percent.
Option 3, invest in your own Philippine corporation and have the corp retain the ownership.
Again, see option one for advice on this subject. I would only undergo this option if you have met and married a filipina for love and have a long-term commitment with her. Although creating a corp to hold land-property ownership means the filipina in theory automatically has to possess 60% of said shares in the corporation. A foreigner creating a corporation must show the division of ownership in the corporation when registering the corporation. A Filipino (a) must hold atleast a 60% ownership role in the corporation for the corp to get official status. That takes you back to square one, and option one.
In the Philippines it is illegal to create a shell corporation for the purpose of land-property ownership and you open yourself up to forfeiture of the land-property if ever there is a dispute about ownership, bringing you back to option one.
If you open a legitimate business that creates 50 local jobs and you invest minimum 200k USD or if creating "advanced technologies" (IE call center jobs) the minimum investment drops to 100k USD, you get some increased foreigner ownership rights dealing with land-property. There are some additional restrictions to outright foreigner ownership that requires legal advice.
The foreign investment act of the Philippines RA 7042 and amended by act 8179 in 1996 deals with this topic.
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03-01-12 17:37 #1573
Posts: 697Originally Posted by Questor55 [View Original Post]
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03-01-12 03:19 #1572
Posts: 191Originally Posted by GreenBud [View Original Post]
Sad to see an increase in BF. 2000 was a good deal (1k to the bar. 1k to the girl).3, 000, well it ain't bad I guess but still a sharp old hike.
Koreans do appear to be taking over. Pity as they are doing to their rep what the Brits did to theirs in Ibizia / Majorca etc in the 80's and 90's. Still, the upside is they are home by 8pm even if perhaps some of the nicer girls are gone.
And someone asked why the girls prefer Koreas:I was told because of the 3 threes: the pay 3k, have 3 inches and last 3 mins. Compared to me the ugly white guy it is pretty appealing!
WGS
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03-01-12 00:13 #1571
Posts: 236Property Ownership
Originally Posted by Gaijin Gigolo [View Original Post]
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02-29-12 16:38 #1570
Posts: 697Thanks all
McDon, Red Kilt, Mattrick, thanks much for the input, much appreciated. Will have to give it much further thought than I initially had. Think I'll fly in for another visit in a month or so.
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02-29-12 16:34 #1569
Posts: 697Originally Posted by Questor55 [View Original Post]
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02-27-12 07:25 #1568
Posts: 600Originally Posted by Gaijin Gigolo [View Original Post]
El Nido as has no nightlife and last time I was there there were still electricity restrictions in the morning. Yes its great place to build a resort if you are prepared to put lots of cash in it but for condo or something smaller I think you are wasting your time. First I doubt you will find anything suitable (remember as foreigner you may not purchase land) second even if you do it will take 10-15 years for you to see any real returns as most foreigners that do visit prefer the resorts and use the town as a transit point at best.
Like RK said El Nido isn't the easiest or cheapest place to get to either.
Look into the major cities for investment.
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02-27-12 04:31 #1567
Posts: 3230Originally Posted by Gaijin Gigolo [View Original Post]
I cannot help thinking, as a 15-year resident of the Phils, that the returns on ANY investment here (even near El Nido in Palawan) , will be very low and even a high risk no matter where you invest.
I bought a condo in Manila to live in without reference to investment. It is very well situated, close to 4 large malls, an attractive 3 BR property that I have also upgraded to make it more comfortable for me. On today's prices I can expect a sale price virtually the same as the price I paid 7 years ago (if I wanted or needed to sell), but of course I have saved around 7M or 80,000 php per month in rent over 7 years. I just use this example as an indicator that prices do not appear to be moving up very rapidly if at all.
I have stayed in El Nido and it is spectacularly beautiful but, as Cheapy said, it has no nightlife, since my perception is that people who go there want seclusion, quiet, a beautiful environment in which to relax.
I would wonder how you could have building and / or maintenance done on any property there without having a lot of capital to fly materials in or rent-a boat or hire competent builders or whatever. I don't know what time frame you are considering for investment but my guess is that you will need a very long time to realise a return (I am thinking 10 to 15 years).
JMHO