* Click the question to view the answer

PS Bank Financing

  • 1 years at 6.00% per annum
  • 2 years at 6.25% per annum
  • 3 years at 6.50% per annum
  • 5 years at 7.00% per annum
  • 10 years at 8.50% per annum
  • 15 years at 9.25% per annum
  • 20 – 25 years at 9.75% per annum

InHouse Financing

  • 5 years at 15% per annum
  • 10 years at 18% per annum

Note: based on PS Bank Rate as of Oct 2015

Minimum Downpayment required is at least 10% for in-house financing and 20% for bank financing

Maximum term is for 25 years for bank financing.

Yes, American or Dual Citizen can still own a property in South Forbes as long as they are naturally-born Filipinos.

Yes, client can still apply for a Bank loan in the Philippines.

Initial Requirements to be submitted: (If Individual)

  • Passport
  • Valid ID
  • Other Valid ID
  • InHouse Financing
  • Original Certificate of Employment indicating position, length of stay in the company and Monthly Compensation
  • Proof of Income

For Business Owners:

  • Audited Financial Statements
  • Bank Statements

Please email info@southforbes.com for current interest rates and list of accredited banks

At least 10% downpayment for in-house financing and complete post-dated cheques or 20% downpayment for bank financing and release of letter of guarantee.

For House & Lot owners under in-house financing – upon completion of house contraction and submission of all post-dated cheques

For House & Lot owners under bank financing – upon completion of house construction and release of bank proceeds.

For Condo Unit owners under in-house financing – upon clearing of 10% downpayment, completion of condo unit and submission of all post-dated cheques

For Condo Unit owners under bank financing – upon completion of the condo unit and release of bank proceeds.

  • Documentary Stamp Tax
  • Transfer Tax
  • Registration and Miscellaneous Fee
  • One time joining Fee
  • One-time homeowners Association Joining Fee

Note: Depending on the Unit / Lot area

Yes, follow the steps below and inform your authorized seller of the desired property to be reserved.

Step 1: Reserve a Unit

BUYER’S INFORMATION SHEET (BIS)

  1. Download and print the BIS form.
  2. Fill in the complete details and information required (specifically complete address, contact number, email address, and Philippine Tax Identification Number (TIN).
  3. Affix your Signature over your printed name.
  4. Send a copy to your designated account officer via fax, scanned email attachment, or online file transfer.

RESERVATION AGREEMENT (RA) and COMPUTATION SHEET (CS)

  1. Download and print the following:
  2. Fill in the complete details and information required.
  3. Affix your Signature over your printed name.
  4. Send a copy to your designated account officer via fax, scanned email attachment, or online file transfer to OFFICIALLY BOOK THE UNIT.

Note:

  • RA is the INITIAL AGREEMENT between CATHAY LAND, INC. and the BUYER.
  • RA stipulates the details of the purchase: PROJECT AND UNIT TYPE, UNIT PRICE, TERMS OF PAYMENT, and STANDARD TERMS AND CONDITION.
  • Notarization is not needed.

RESERVATION FEE (RF) PAYMENT

  • Payable in CASH, CHEQUE, or REMITTANCE (only for payment of reservation fee)
  • Payment must be made within 24 hours from the date of Reservation Application.
  • SEND a copy of the PAYMENT TRANSACTION REPORT, FUND TRANSFER FORM, WIRE TRANSFER FORM, or the REMITTANCE SLIP to your designated account officer as proof of payment via fax, scanned emailattachment, online file transfer.

VALID IDENTIFICATION (ID)

  • Photocopies of VALID IDs with signature must be submitted and sent to your designated account officer via fax, scanned email attachment, online file transfer.

Accepted Valid Identification for INTERNATIONAL BUYERS: FILIPINO AND FOREIGN NATIONALITIES

  1. Marriage Contract
  2. 2 pcs. recent 2×2 ID Photo
  3. Photocopies of 2 Valid IDs:
    1. PASSPORT (6 months prior to expiration)

Accepted Valid Identification for PHILIPPINE – LOCAL AND DOMESTIC BUYERS: FILIPINO AND FOREIGN NATIONALITIES

  1. Marriage Contract
  2. Photocopy of COMMUNITY TAX CERTIFICATE (CTC)
  3. Photocopy of TAX IDENTIFICATION NUMBER (TIN)
  4. 2 pcs. recent 2×2 ID Photo
  5. Photocopies of 2 valid IDs:

    Filipino Nationals:

    1. PASSPORT (6 months prior to expiration)
    2. Driver’s License
    3. Voter’s ID
    4. Postal ID

    For Foreign Buyers:

    1. Passport (6 months prior to expiration)
    2. Driver’s License (Philippine Issued)
    3. ALIEN CERTIFICATION OF REGISTRATION (ACR)

Step 2: Payments

DOWN PAYMENT (DP)

  • DP is payable in CASH or CHEQUE
  • DP may vary depending on the project and on the BUYER’S chosen payment term.
  • DP must be paid within 30 calendar days from the payment date of RF.

POST-DATED CHEQUES (PDC)

  • Cheques for the MONTHLY AMMORTIZATION (MA); RETENTION CHEQUE (RC) for TURNOVER BALANCE (TO) must be complete and submitted to CATHAY LAND, INC. within 30 calendar days from the payment date of theRF.
  • All PDCs must be CROSSED and made payable to CATHAY LAND, INC. only.
  • Please double-check the important details such as BANK ISSUER, ACCOUNT NAME, DATE, AMOUNT – in FIGURES, AMOUNT in WORDS, and SIGNATURE. In compliance with Government Policy beginning Jan 1, 2016,erasures on cheques will not be accepted.
  • Total issued PDCs should be prepared according to the agreed and accepted payment term and / or payment schedule of the BUYER.
  • Inconsistencies with the given information, signature, and incomplete documents will delay the process and is a ground for cancellation of the purchase.
  • A CONFIRMATION LETTER containing cheque details will be sent through email upon receipt of PDCs by your designated account officer

BANK PAYMENTS – You can pay at any of the following banks:

Account Name: Cathay Land Inc.

Philippine National Bank

Type of Account: Dollar Account
Account Number: 398-90950001-9
Swift Code: PNBMPHMM
Branch: Ortigas Branch
Address: G/F JMT Condominium, ADB Ave., Pasig City, Philippines

MetroBank

Type of Account: Peso Savings Account
Account Number: 629-3-62900347-0
Swift Code: MBTCPHMM
Branch: Metro Bank Galleria Branch
Address: Robinson’s Galleria, Ortigas, Quezon City, Philippines

Step 3: Authenticate Contract of Agreement

CONTRACT TO SELL (CTS) for buyers who requests for signing abroad

  • CTS will be sent to the BUYER for conformity, after DP payment or 1st MA payment (whichever comes first).
  • Buyer must affix SIGNATURE, on one side, on each page including allotted BLANK located on the last page.
  • SIGNED CTS must be consularized at the Philippine Consulate/Embassy before sending back to Cathay Land, Inc.
Inquire Now

Contact us for Availability, Price Computation and FREE City Tour!

South Forbes is located at the booming Sta. Rosa, Laguna – Silang, Cavite – Tagaytay growth area.
Inquire Now