Frequently Asked Questions

1. What financing options are available?
- Bank Financing
5 years at 6% per annum
10 years at 9% per annum
15 years at 10% per annum
20 years at 10.5% per annum

- InHouse Financing
5 years at 12% per annum
10 years at 18% per annum

Note: PAGIBIG Financing also available

2. What is the minimum downpayment required and the maximun term for the balance to be paid?

Minimum Downpayment required is at least 10% only
Maximum term is for 25 years for bank financing and 30 years for PAGIBIG financing

3. What if I am an American or Dual Citizen already? Is it possible to still own a property in South Forbes?

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

4. Can overseas clients can apply a Bank loan in the Philippines while residing
abroad?

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
- 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

5. What are the list of accredited banks and current interest rates?

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

6. When can I start constructing my home for lot owners?

At least 30% downpayment with Bank or PAGIBIG Approval and Post-dated checks for in-House Financing

When Can I move-in for House & lot owners?

At least 20% downpayment with Bank Approval and at least 30% downpayment with PAGIBIG Approval

When can I move-in for Condo Unit Owners?

At least 20% downpayment with Bank Approval and at least 30% downpayment with PAGIBIG Approval

7. What additional expense will I have to shoulder upon full payment of the property I bought?

- Documentary Stamp Tax
- Transfer Tax
- Registration and Miscellaneous Fee
- One time joining Fee

Note: Depends on Lot Area

8. Can I Reserve Online?

Yes, Print and Fill-up the Forms completely on the Online Reservation Page then inform the International Service Officer of the desired project for the Property to be reserved.

Send the required reservation fee to Cathay Land Inc Bank Accounts as Follows:

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