FAILURES Makes You Closer To Your Success by: Realtor Samuel Lao

Good Morning Everyone.

As saying said, experience is the Best Teacher. Don't be afraid to fail, it is part of the ingredients to SUCCESS.

Because if you don't Fail, you never try at all.

I know someone who fails several times, in fact he don't have real estate sales in two years. But this guy never surrender. He continue to move on, bounce back harder, and bring to him the two years of learning & experiences. On his 3rd year he made several million sales, and one of those is 17million worth house & lot.

Imagine if he quit, he never know Success is just there waiting for him.


YOU can be like him a slow start, but never stop, because your just closer now to the pot of gold.

What is important for every failure, there is a valuable lesson learn. Every experiences is unique, learn from it. And improve your approach.

Remember Thomas Edison, fails several time before he perfected the formula of the lightbulb.

But if people ask Mr Edison, he only said, I never failed, it just cause me several revision on my formula to make it perfect.

Again, FAILURES is just part of your steps, or ingredients for SUCCESS.

Just like practicing to ride a bicycle. It will take you several FAILURES until you will get it perfect your balance, timing, running the bicycles.

Again, in your first practice riding bike, you failed, and you quit. I'm sure until now you don't know how to ride a bicycle.

Because you cemented your failure.

Again failure is a stepping stone to rise up and reach your SUCCESS.

Same thing with our real estate business. It is not a easy. I did not promise an easy task. But we are here to help you. We are working us a team.

We are just waiting for your call to ask HELP, call now SUCCESS hotline 09173236123.

Your SUCCESS is our SUCCESS.

We will guide you step by step, how you can use real estate business as your strategy or vehicle to make Money. And once you have money, you can now pursue your dream.

We all have dreams, what holding us to achieve it, is not having enough money to finance it.

Real Estate Business can HELP you. Trust me, we made it, we just want you to follow our proven and tested strategy.

RealtyOPTiONS,Inc is been in the real estate business for 8 years, we been helping several people improve their lives for good. And you will be the next real estate millionaire.

Call now SUCCESS hotline 09173236123, to join one of our Free Real Estate Orientation, who knows this is the answer of your financial problem.

To your SUCCESS and PROSPERITY. Make a change this year, consider real estate business.

Regards

Samuel Lao
RealtyOPTiONS,Inc

Http://propertydepot.ph
BUY-SELL-RENT Properties


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Dr. Samuel O Lao, is a Professional Real Estate Broker, President & CEO of RealtyOPTiONS Marketing & Consultancy Inc., Graduate in Real Estate Finance & Investment at National University of Ingapore (NUS), Past President of Cebu Real Estate Board Inc (CEREB), & National Director of Philippines Association of Real Estate Board Inc. (PAREB).

HIGH-END CONDOS TO BOOST INDUSTRY

ONLINE real estate agent MyProperty.ph has listed six mid- to high-end condominium projects in Makati and Cebu that, it said, would keep the residential market upbeat in the next five years.

The online property agent said the condominium projects are all under construction and
in varying completion dates that would last until 2020.

On its list are: Century Properties’ “Trump Tower Manila,” Shang Properties’ “Shang Place Salcedo,” and Megaworld’s “San Antonio Residences,” all in Makati City; Filinvest Land’s Studio 7 in Quezon City; and Vista Residences, Inc.’s Vista Suarez Cebu and Ayala Land Premier’s “The Alcoves” in the Queen City of the South.

The Trump Tower Manila and Shang Place Salcedo are set for completion in 2016.
The Trump Tower Manila is a 56-storey luxury residential condominium that is the first Trump-branded condominium in Southeast Asia.

It houses 250 luxury units that imbibe the style of New York’s uptown aesthetic, as it will be in “themed designs ranging from the uniquely sophisticated Downtown to the classic and timeless Park Avenue to Fifth Avenue’s glamour.”

Shang Salcedo Place is a 67-storey tower situated at the convergence of Gil Puyat Ave., Tordesillas St., and H.V. Dela Costa St.

It will have 749 units and amenities like a ballroom, a gym with sauna, multi-purpose game rooms, and swimming pools.

Megaworld’s San Antonio Residences and Ayala Land Premier’s The Alcoves are both set to be completed in 2020.

The San Antonio Residences is Megaworld’s 20th tower in Makati and caters to the family-market. The 40-story tower houses 848 units and is expected to generate sales of about P2.1 billion.

Ayala Land Premier’s The Alcoves was planned with Cebu’s Japanese tourists in mind.  The 390-storey development will have 480 residential units, each at least 50 square meters in size, and the one-bedroom units offering a Zen theme.

The Vista Suarez Cebu is a 32-storey condotel that offers both a hotel and a residence.

The hotel component will be from the sixth to the 14th floor.  The condotel units will be from the 15th to the 28th floors, while the top four floors will house the residential studios and one- to two-bedroom flats.

Aimed at the broadening millennial market, Filinvest Land’s Studio 7 is a 17-storey condominium with 450 residential units, an office tower, a mall, a supermarket, bistros, and cafes.

Source: by CATHERINE TALAVERA / http://www.manilatimes.net/high-end-condos-to-boost-industry/233790/

Apple One plans condo venture in Cebu, Manila

By Ehda M. Dagooc (The Freeman) Updated December 13, 2011 12:00 AM

CEBU, Philippines - After the near-completion of its flagship project called “Apple One Tower”, a medium rise mixed-use building at Cebu Business Park (CBP), Apple One Properties Inc. is planning to venture into series of condominium projects in Cebu and Metro Manila.

Apple One Properties president Ray Manigsaca announced the group’s new venture in developing anothercondominium project somewhere in the uptown area in Cebu, which will start construction by March next year.

Unlike its flagship development, the 17-story Apple One in CBP which is mixed-use, the company will offer all residential units that will provide a unique concept for the growing acceptance to condominium living in Cebu.

In an interview with Manigsaca, he said although there is a perceived saturation of “basic” condominium concept projects in Cebu, the company will introduce a unique concept of themed urban-living development that is expected to strengthen the appetite for buyers.

While the company spent about P600 million for the development of the Apple One Tower building at the CBP, Manigsaca said Apple One Properties, may spend more for its second big project that may incur the company with more or less P2 billion investment.

The strong interest among buyers and tenants for its first project encouraged the company to venture into more developments, not only in Cebu but also in other parts of the country as well.

At present, Apple One project which provides 46 units of commercial spaces, is now 70 percent contracted, while its 19 residential units are already sold out.

The company held its ceremonial topping-off event recently, and Manigsaca said the company aims to turn-over the units to owners and tenants by late 2012.

The company has also bought a property in Manila, located at The Fort area, and will likewise start a condominium project there in the short-term.

Meanwhile, its next condominium project to be situated in uptown area will be designed for the middle to low income bracket in the market. The company will offer Pag-ibig financing for this project.

The company led by Cebu-based Ven Ray Construction, which also part-owner of several real estate properties in Cebu including Diamond Suites, Apple Tree Suites, BoardWalk City Residences at the North Reclamation Area, among others, is also planning to invest on more projects soon, as land acquisition proposals, and other negotiations are currently ongoing.

Its flagship project, the Apple One Tower located adjacent to the Cebu CityMarriott Hotel, will provide a total of 46 units of commercial spaces that are geared towards attracting the Business Process Outsourcing (BPO) companies, while providing a limited 18 units of residential condominium facilities.

Despite the entry of seasoned and well established names in real estate developments announcing their multi-million-peso condominium projects within the 52-hectare CBP, Apple One Tower will have its advantage because it will focus on office and commercial leasing business.

In the ground floor of the building, the company will dedicate commercial spaces for financial institutions like banks, and insurance companies. For more information about AppleOne, please call +63917.3236123 | +639189236123. (FREEMAN)

Preparing for floods at home

TUESDAY, 02 AUGUST 2011 18:26 AIR URQUIOLA

FLOOD waters can be extremely dangerous. According to SM Ace Hardware and Fema (Federal Emergency Management Agency), the force of six inches of swiftly moving water can knock people off their feet.

Flash-flood waters move at very fast speeds and can roll boulders, tear out trees, destroy buildings and obliterate bridges. Walls of water can reach heights of 10 to 20 feet and generally are accompanied by a deadly cargo of debris. It’s important to know the flood risk where people live and work. If you are not sure about potential flooding in your area, you may want to call your local Red Cross chapter for more information.

If your area is at risk from floods, there are flood-specific precautions that can help minimize injuries and damages in the event of a flood. The following are tips for flood preparation:

· If it has been raining hard for several hours or days, and water is accumulating on the roads and in yards, it is best to guard against flooding. One may need to tune in to local radio or TV stations for flood information. It can take several hours or days for these floods to develop.

· It’s important to know the difference between a “flood watch” and a “flood warning.”

In the event of a flood warning, one should evacuate the affected area as soon as possible and move to higher ground away from any bodies of water and storm drains. If you have time, raise your furnace, water heater, electric panel and circuit breakers above the water line if they are in areas of your home that may be flooded.

· Learn evacuation routes from home and from work, keeping them in all your vehicles, and include several alternative evacuation routes. If your car stalls in rising water, abandon your vehicle immediately. Leave your stalled vehicle and find your way to higher ground.

· Recovery from a flood is just as important as preparation. Never take safety for granted during the clean-up. Beware of fire hazards, such as electrical appliances that are wet or standing in water, as well as broken gas lines. Avoid walking or driving through flood waters.

· If walking through standing water cannot be avoided, wear hearty shoes and use battery-powered lanterns or flashlights when examining buildings. Be on the lookout for water snakes and other potentially hazardous animals that may have been displaced or injured during the flood.

· It’s also important to note that flood damage is not covered under many insurance packages. Consider purchasing this additional coverage if you live in an area where floods are likely to occur.

Interior and Local Government Secretary Jesse Robredo urged the public to call the emergency hotline 117 if they need rescue services or in any kind of emergency cases. 117 is the emergency hotline of the Department of Interior and Local Government (DILG) as well as the government’s national emergency hotline number with call centers in all regions of the country.

Robredo said the public should immediately call the hotline number, especially at this time when many people are affected by the high floods and heavy downpour caused by the latest weather disturbance.

“All you have to do is dial our hotline number 117 so that we can immediately dispatch our emergency and rescue units and coordinate with the local PNP, BFP, MMDA, DPWH and other concerned agencies to where you are and assist you,” he said.

Government won't compromise on REIT ruling

By Iris C. Gonzales (The Philippine Star) Updated August 06, 2011 12:00 AM Comments (0)

MANILA, Philippines - The Aquino administration will not compromise the ruling covering real estate investment trusts (REIT) where the Bureau of Internal Revenue (BIR) will require substantial public ownership before they can avail of tax perks and incentives.

BIR Commissioner Kim Henares said the government would proceed with the implementation of the regulation.

In December 2009, Congress passed the REIT Act but its implementation has been put on hold as fiscal authorities and the Securities and Exchange Commission (SEC) failed to agree on how to divide the ownership between real estate companies and the public.

Alternative Investment Vehicle in Real Estate

Incentives under the REIT Act are expected to translate to losses of P10 billion for the government.

According to the DOF position, REITs must float at least 51 percent of the shares to the public to avail of tax incentives and other perks.

The local equities market, on the other hand, preferred 33 percent. After months of standoff, the government and the private sector reached a compromise deal requiring a minimum public float of 40 percent that will increase to 67 percent within three years after listing of the REIT companies.

Companies that own and operate income-generating real estate assets are considered REIT companies. These companies include offices, apartment buildings, hotels, warehouses, shopping centers and highways.

On Thursday, SM Prime Holdings, Inc. announced that it was dropping a plan to put up REIT because of the stiff regulations by the bureau.

The company said that the firm, which announced last year to raise some P500 million via REIT would be exploring other funding options. Other real estate companies such as the Ayala Land and Robinsons Land Corp. have earlier expressed interest in doing REIT offerings.

The BIR, the government’s main revenue agency has been assigned a revenue goal of P940 billion this year and P1.066 trillion in 2012.

Property firms worried over plan to impose VAT on REIT

By Zinnia B. Dela Peña (The Philippine Star) Updated July 18, 2011 12:00 AM

MANILA, Philippines - Property firms have expressed concern over a plan to impose the 12-percent value added tax (VAT) on the initial transfer of assets to a Real Estate Investment Trust (REIT) as well as a proposal to increase the minimum public ownership (MPO) of a REIT to 67 percent within three years from listing.

Real estate players, however, emphasized that they continue to work with the Department of Finance (DOF) and Bureau of Internal Revenue (BIR) to ensure the successful launch of REITs in the country.

While property firms are amenable to the proposed initial 40-percent MPO rule during the first three years of a REIT’s operation, they believe that the gradual increase of the MPO to 67 percent by the third year would lessen the competitiveness of the local REIT industry against its global counterparts.

“The requirement for a 67-percent MPO remains a very difficult issue and is, in fact, the subject of an appeal to the Securities and Exchange Commission by the private sector property players, including the different associations affected by this requirement,” said Asia Pacific Real Estate Association (APREA) chief executive officer Peter Mitchell.

Mitchell said the Philippines has the highest public float requirement for REITs among the countries in the ASEAN region. “The MPO requirement in Singapore (10 percent), Australia (25 percent), Hong Kong (25 percent) and Malaysia (25 percent) are significantly lower than the 67 percent MPO requirement for Philippine REITs,” he said.

According to the APREA, there continues to be a very strong interest in a REIT market in the Philippines, pointing out that a number of other markets, including China, are interested in passing a REIT law.

“REITs can stimulate not only the capital and property markets, but also the entire investment landscape of the country, as has been experienced in Singapore and other jurisdictions,” Mitchell explained.

Early last month, the SEC released revisions to the implementing rules of the REIT, which now require issuers to sell at least 40 percent of their outstanding capital stock at the initial year, higher than the original 33 percent but lower than the proposed amendment of 51 percent.

BIR set to implement REIT rules

By Iris C. Gonzales (The Philippine Star) Updated July 09, 2011 12:00 AM

MANILA, Philippines - The Bureau of Internal Revenue (BIR) is set to finally implement the taxation rules of the Real Estate Investment Trust Act or REIT, its top official said yesterday.

BIR Commissioner Kim Henares said that the rules are likely to be released next week and implemented within the month. “It will probably be out next week,” Henares said.

In December 2009, Congress passed the REIT Act but its implementation has been put on hold as fiscal authorities and the Securities and Exchange Commission (SEC) failed to agree on how to divide the ownership between real estate companies and the public.

Incentives under the REIT are expected to translate to losses of P10 billion for the government.

According to the Department of Finance (DOF), REITs must float at least 51 percent of the shares to the public to avail of tax incentives and other perks.

The local equities market, on the other hand, preferred 33 percent.

Companies that own and operate income-generating real estate assets are considered REIT companies. These companies include include offices, apartment buildings, hotels, warehouses, shopping centers and highways.

Real estate developers led by Ayala Land Inc., SM Prime Holdings Inc. and Robinsons Land Corp. have expressed interest in doing REIT offerings.

After months of standoff, the government and the private sector reached a compromise deal requiring a minimum public float of 40 percent that will increase to 67 percent within three years after listing of the REIT companies.

Rules pave way for REITs

By Diane Claire J. Jiao, BusinessWorld THE LOCAL MARKET can expect to see real estate investment trusts (REITs) soon, as the government has approved the tax rules for these corporations. “I have signed the REIT revenue regulations of BIR (Bureau of Internal Revenue). It [sic] should be published in the next day or two,” Finance Secretary Cesar V. Purisima told reporters at the sidelines of the Pilipinas Natin Forum held yesterday at the National Broadcasting Network Studios in Quezon City. Approval of the tax rules, along with the implementing rules and regulations the Securities and Exchange Commission (SEC) released in May, paves the way for investors to establish REITs, stock corporations that pool investor funds to manage real estate assets. This capital market reform has been long-delayed, given that the law governing REITs, Republic Act No. 9856, was enacted into law back in 2009. However, various industry players have cautioned that only a few real estate companies will want to venture into REITs, noting that the prescribed public ownership floor level remains a hurdle for many. According to the SEC, REITs must have a 40% minimum public ownership, increasing to 67% after three years. These are more than the 33.33% float sought by the private sector, but the initial volume is less than the 51% lobbied by the Department of Finance to enable more people to invest in REITs. The government has long been eyeing REITs as a means of deepening the country’s capital markets, since they would enable the wider public to invest in prime properties, while at the same time give real estate firms another source of financing. “The point of REITs is to give the public a chance to invest in prime real estate assets, but not necessarily to make the public own the prime real estate assets,” Marissa Y. Benitez, Colliers International Philippines’ director of valuation, said by phone yesterday. Explaining the challenge posed by the public ownership floor level, Ms. Benitez noted that “companies have been doing a good job running these assets for a long time. It’s their business. And now, they will have to give that up.” Eduardo A. Gana, co-chairman of the Financial Executives of the Philippines’ Capital Markets Development Committee, shared Ms. Benitez’s view. “The minimum public ownership issue is a key consideration for the largest potential REIT issuers, who appear unwilling to dilute their ownership below 60%,” he said via text yesterday. Mr. Gana added that most Asian companies tend to be majority-controlled by insider groups and their affiliates. But he acknowleged that the Finance department’s stand was “not unreasonable.” The tax treatment of REITs is also a stumbling block. Specifically, the private sector has been fighting for value-added tax (VAT) exemption of the initial transfer of properties to REIT vehicles. BIR Commissioner Kim S. Jacinto-Henares -- who had prepared the tax rules -- confirmed via text yesterday that REITs are not entitled to VAT exemption. To be sure, these ventures are entitled to other perks. For one, since firms involved are required to pay shareholders 90% of their distributable income as dividends, only the balance will be subject to the 30% income tax. Ms. Benitez argued, though, that these tax breaks weren’t enough. “The VAT is still 12%,” she noted. “That’s a big cost that negates all other incentives.” As a result, not a lot of investors will likely be interested in setting up REITs, she claimed. This view was echoed by Eduardo V. Francisco, president of BDO Capital & Investment Corp., who noted via text that “big real estate developers don’t seem inclined at the moment.” Property giants that have expressed interest in REITs include SM Prime Holdings, Inc., Ayala Land, Inc., and Gokongwei-led Robinsons Land Corp. Small real estate companies may venture into REITs, since they will have a smaller tax burden, Mr. Francisco noted. But these may not be enough to develop the country’s capital markets, he clarified. Colliers’ Ms. Benitez agreed, saying, “Second-tier companies will see how it goes for first-tier companies. But if first-tier companies don’t venture into REITs, then who will?” 7 Jul 2011

REIT law may get frosty reception

By Miguel R. Camus, BusinessMirror THE Philippine Real-Estate Investment Trusts (REIT) may get a frosty reception from potential issuers, with a new letter from the Philippine Stock Exchange (PSE) asserting its firm stand against the current rules that require REIT owners to give up control of the entity within three years. A private-sector representative who helped iron out a compromise with the Department of Finance (DOF), which fears that REITs will cut tax revenues, said there is talk that they may return to negotiations with the government should the law fail to attract issuers after implementation. The PSE letter, addressed to the Securities and Exchange Commission (SEC), comes ahead of the REIT tax regulations due for public release next month. The tax regulations are also expected to contain another contentious provision relating to the value-added tax (VAT) on one-time property transfers. The PSE letter focused on the so-called minimum public ownership (MPO) of REITs. The current implementing rules require that REITs have a 40-percent public float upon listing, which should be raised to 67 percent in three years. “Increasing it further to 67 percent within three years will render it practically impossible for REIT companies to maintain their listing status and accordingly, their entitlement incentives,” a portion of the bourse’s letter read. “The PSE analysis suggests that the 67-percent level is not currently a market level that is acceptable,” it added. The PSE said the initial levels required in the Philippines are already higher than other REIT frameworks in the region, based on a comparative study that includes Singapore, Malaysia, Hong Kong, Thailand, South Korea and Japan, as well as those in Australia, the US and the UK. A listing is optional in some of these jurisdictions but when a listing applies, the highest minimum public ownership level is set at 35 percent in the UK, followed by 30 percent in South Korea. None of the countries require the public float levels of REITs to be increased over a period of time. “The imposition of a 67-percent [public float] requirement within three years from listing makes the [Philippine] REIT regime the most aggressive in the region thus far and hence, least conducive for investments and cross-border listings,” the PSE said. The PSE said the SEC, which has the power to amend the provisions on the minimum public ownership, should consider the “interests of industry players, who play a crucial role in the successful launch of Philippine REITs.” Should the SEC amend the rules, it would be the second time the corporate regulator would do so since the REIT Act lapsed into law at the end of 2009. Sought for comment, SEC spokesman Gerard Lukban confirmed that the corporate regulator received the same letter from the bourse. “Yes, we got the letter. It will be taken up by the commission,” Lukban said, without elaborating. The current public float requirement is already the result of compromise talks between the private sector and the DOF. The original rules approved by the SEC last year required an initial public float of only 33.3 percent, but the DOF balked at the provision, saying the amount was insufficient to allow the broader population to participate in the law. Eduardo Francisco, cochairman of the Capital Market Development Council (CMDC), an organization that aided in finding a middle ground between issuers and the DOF for REITs, said the one solution moving forward is to “test the market” with the present rules. “We are still hoping there will be REIT issuers. Should there be none, we can always bring it up to the CMDC,” Francisco said in a separate interview. “We can ask for reconsideration on the MPO and VAT.” The CMDC is cochaired by Francisco alongside the heads of the SEC and DOF. The final implementation of REITs will allow firms, such as real-estate developers, to make public certain property assets, like shopping malls and office buildings. Firms can use fresh capital raised from these activities to expand their businesses while giving the public the opportunity to invest in mature real-estate assets that provide relatively steady returns. Companies that have earlier expressed their interest to tap the law are Ayala Land Inc., SM Prime Holdings Inc. and Robinsons Land Corp. 1 Jul 2011

Issuance of REIT tax rules postponed to July -- BIR

By Neil Jerome C. Morales, BusinessWorld Tax Rules on real estate investment trusts (REIT) should be ready next month instead of end-June after Senate decided it wanted a say on the issue, Bureau of Internal Revenue (BIR) Commissioner Kim Jacinto-Henares said late last week. “[Publication] might be delayed a bit because there is a special request to give it to the committee on oversight,” Ms. Henares told reporters in a chance interview, referring to the tax policy for stock corporations that pool investor funds to manage real estate assets. “It has to be July,” Ms. Henares said. Senator Ralph G. Recto, chairman of the Congressional Oversight Committee on the Comprehensive Tax Reform Program, had last week required the state agency to seek lawmakers’ clearance before issuing the tax rules. This, after the Securities and Exchange Commission (SEC) approved only last month implementing rules that required a 40% public float for REITs after the framework law was passed roughly two years ago. The minimum public ownership should increase to 67% within three years from its listing. Ms. Henares said the BIR rules will be in line with the revised requirements of the SEC. “You can deduct dividends as an expense before you deduct the tax,” Ms. Henares said, referring to the perks of the REIT. REIT firms are required to pay shareholders 90% of its distributable income as dividends, meaning only the remaining amount will be subject to the 30% income tax rate. “It is a tax-eroding measure because of the dividends that you can deduct as an expense. I think that is P10 billion in tax eroding measures per year,” Ms. Henares said. But observers said the higher public float might give some property giants pause. “Our view was that the shift to 67% float in three years might be too quick from the market perspective,” PSE President and Chief Executive Hans B. Sicat told reporters late last week, noting that REITs in Thailand and Malaysia have lower public float levels. 14 Jun 2011