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Yes, you can still own Lot Only and House and Lot properties because you are a natural-born Filipino. Foreigners, on the other hand, who are not former or dual Filipino citizens, can only own a condominium property provided that foreign buyers do not exceed 40% of the entire unit owners of the condo project.

Upon confirming the specific property you want to reserve with your authorized Property Investment Consultant (PIC) or Broker, kindly complete the following reservation requirements:

Reservation Requirements

1. Buyer Information Sheet (BIS)- requires information like your complete address (mailing), contact number, email address and Tax Identification Number (Philippine TIN)

2. Reservation Agreement (RA)- serves as the initial agreement between Cathay Land, Inc. and you as the Buyer stipulating the details of the purchase specifically the project, property type, price, terms of payment, payment dates and initial conditions.

3. Computation Sheet (CS)- shows the agreed payment amount and terms covering the reservation, down payment and amortization periods.

4. Proof of Identity

A. Locally Employed/Self-Employed- any government-issued IDs like Tax Identification Number (TIN), postal ID, voter’s ID, Driver’s license, PRD license

B. Overseas Filipinos- Passport copy (not expiring within six months upon property reservation) and one Philippine government-issued ID

C. Foreign Buyer- Passport copy (not expiring within six months upon property reservation)

5. Reservation Fee- cash and cheque payment accepted

6. Requirements of the Attorney-In-Fact (AIF) if you are not available to sign the original reservation documents

A. Special Power of Attorney (SPA) Form of Cathay Land, Inc. or Authorization Letter from the actual buyer

B. Attorney-In-Fact Information Sheet

C. Two (2) Valid ID

Yes, we process remote reservation. Please refer to the process below:

Remote Reservation Process

1. Download, print, accomplish the scanned Buyer Information Sheet (BIS), Reservation Agreement (RA) and Computation Sheet (CS). Send a clear scanned copy of the documents alongside other requirements on the Reservation Checklist via email, fax, or any other authorized online file transfer service to the seller.

Download Buyer Information Sheet

Download Reservation Agreement

Download Computation Sheet

2. Settle the payment of the Reservation Fee (RF) within 24 hours upon submission of the required reservation documents. Send a clear scanned, photographed, or screenshot copy of the successful payment transaction to the seller.

You may also consider authorizing an Attorney-in-Fact who will do the process on your behalf by accomplishing a Cathay Land, Inc. Special Power of Attorney (SPA) Form or providing an Authorization Letter to your assigned representative.

Download Attorney In Fact Information Sheet

Upon completing a list of requirements, Cathay Land, Inc. provides the CTS. Download the checklist HERE.

1. In-House financing

2. Bank financing

In-House Financing
Down payment- 10% of Total Net Contract Price (Net TCP)
Balance- 90% payable in 36 months

Bank Financing Down payment- 20% of Total Net Contract Price (Net TCP)Balance- 80% payable up to a maximum of 25 years (depending on the type of property purchased and the accredited bank) *Minimum down payment and maximum loan term are subject for approval by the loan provider.

In-House Interest Rates (as of Aug 2018)
1-5-Year Loan Term- 10% annual interest
6-10- Year Loan Term- 12.50% annual interest

Here is the list of accredited banks and the lowest interest rates as of August 2018:

Accredited Banks
Banco De Oro (BDO)
1 year: 5.25% (fixed) for loan size more than 3M
1 year: 5.50% (fixed) for loan size less than 3M
2 years: 6.00% (fixed)
3 years: 6.25% (fixed)
4-5years: 6.88% (fixed)

For Foreign Borrowers
1 year: 5.75% (fixed)
2 years: 6.25% (fixed)
3 years: 6.5% (fixed)
4-5 years: 7.13% (fixed)

China Bank Savings (CBS)
1 year: 7.5%
2-3 years: 8.0%
4-5 years: 9.0%

Philippine National Bank (PNB)
1 year: 6.00% (fixed)
2-3 years: 6.99% (fixed)
4-5 years: 7.50% (fixed)
10 years: 8.50% (fixed)
15 years: 9.25% (fixed)

Philippine Savings Bank (PSB
1 year: 6.00% (fixed)
2 years: 6.25% (fixed)
3 years: 6.50% (fixed)
5 years: 7.00% (fixed)
10 years: 8.50% (fixed)
15 years: 9.25% (fixed)
20-25 years: 9.75% (fixed)

Please note that interest rates of banks vary per specific type of property. Bank interest rates may change without prior notice.

Yes, with the help of your authorized representative or the Attorney-In-Fact (AIF) by virtue of the Special Power of Attorney or the SPA that the buyer will issue. Your AIF is identified in the SPA pro-form of Cathay Land, Inc. (for In-House term) and by the accredited bank (for bank loans).

Construction will be allowed upon completion of the following requirements:

If availed via In-House Financing
Clearing of the 10% Down payment
Submission of Post- dated cheques (PDCs) for Monthly Amortization
Approval of House Design
Payment of Construction Bond

If availed via Bank Financing
Clearing of the required Down payment
Release of Loan Take-out
Approval of House Design
Payment of Construction Bond

Talk to our Customer Service Department to avail of FREE house designs we commissioned for every community.

Yes, these cover the following:

Miscellaneous Fees
Title Transfer Fees
Water, Electricity & Other Utility Deposits
Real Property Tax (RPT)
Homeowners’ Association Joining Fee

The computation of each charge is based on the actual size of your property and current rate from Bureau of Internal Revenue (BIR), Maynilad, Meralco and other service providers.

Move-in shall be based on the following conditions:

If availed via In-House Financing
Clearing of the minimum required Down payment for move-in
Completion of property construction
Submission of all the required Monthly Amortization Post-Dated Cheques (PDCs)
Payment of Miscellaneous Fees (title transfer fees, water deposit, electricity deposit, other requirements imposed by the Customer Service and the Estate Management)

If availed via Bank Financing
Clearing of the required Down payment
Completion of property construction
Release of Letter of Guarantee (LOG) and Loan Take-out
Payment of Miscellaneous Fees (title transfer fees, water deposit, electricity deposit, other requirements imposed by the Customer Service and the Estate Management)

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