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| Color of Final public reports California |
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| How many homes Vista Land built? |
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| Vacancy rate in Makati CBD? |
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An absolute, unrestricted estate in perpetuity to property is called -
a. Estate for years
b. Freehold
c. Tenancy
d. None of the above |
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| The Circular that adjusted the price ceiling of Socialized housing to 450,000 |
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| HUDCC MC No 1 Feb 19, 2014 |
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| The Circular that adjusted the price ceiling of Economic housing to P 1.7M |
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| HUDCC MC No 2 June 8 2015 |
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| The Circular that adjusted the price ceiling of Medium cost housing to P 3M - P 4M |
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Term
| Aims to track property prices in Metro Manila as well as nearby prices |
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Definition
| Residential Real Estate Price Index (RRPI) |
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| In implementing RRPI, BSP requires banks to submit quarterly _______ |
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Definition
| Residential Real Estate Loans (RREL's) reports |
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Term
| How many townships did Megaworld build in 2015? |
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| A measure of the average price of a standard basket of goods |
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| The rate of change in the CPI |
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| Measures change in average consumer prices after excluding certain items from CPI |
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| Law that exempts Homeowners association dues and income from Income Tax, VAT and percentage tax |
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| Capital, Entrepreneurship, Land and Labor CELL |
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| Major forces that influence value |
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| Physical, Economic, Governmental & Social PEGS |
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Term
| Professional Regulation Commission (PRC) - Acting Chairperson |
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Definition
| HON. ANGELINE T. CHUA CHIACO |
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| Board of Real Estate Service - Chairman |
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| Board of Real Estate Service - Members |
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| FLORENCIO C. DIÑO RAFAEL M. FAJARDO |
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| (HLURB) Chief executive officer and commissioner |
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| Atty. ANTONIO M. BERNARDO |
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| ATTY. SINFOROSO R. PAGUNSAN |
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| National Home Mortgage Finance Corporation PRESIDENT |
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| Social Housing Finance Corporation PRESIDENT |
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| Home Guaranty Corporation PRESIDENT |
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| Home Development Mutual Fund CEO |
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| ATTY. DARLENE MARIE B. BERBERABE |
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| GSIS President & General Manager |
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| ATTY. JUAN MIGUEL T. CUNA |
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| JVA between New San Jose Bldrs & San Miguel to reclaim Manila Bay |
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| Coastal Development Consortium |
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| Company that won the bid for the lease of Mimosa Leisure Estate in Clark (201.64 HAS) |
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| 1500 ha project in Cordova Cebu worth 138billion was won by |
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| Stress test results conducted by big bank should be above ____ % according to BSP Standards. ____% for Bank for International Standards (BIS) to ensure that there will be no property bubble |
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| Banks exposure to real estate jumped ______ percent to P861.22 billion in end-November |
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Term
| Consortium of Ayala, Metro Pacific and Macquarie groups for the rehabilitation and extension of LRT Line 1 |
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Definition
| Light Rail Manila Corp (LRMC) |
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| LRMC signed an EPC deal with ________ and _______ worth 450M Euro |
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| Bouyges Travaux Publics; Alstom Transport |
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Term
| Unless validated, tax credit life span is only |
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Term
| REDEMPTION PERIOD FOR REAL PROPERTIES SOLD AT PUBLIC AUCTION |
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Definition
| date of sale of the tax delinquent property |
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Term
In general, a mortgagor who mortgaged his real property and later was foreclosed extra judicially and sold to public auction may redeem the property within the period of:
a. Ninety (90) days from the date of auction sale
b. One (1) year from registration of certificate of sale
c. One (1) year from date of auction sale
d. One (1) month from date of auction sale |
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Definition
| b. One (1) year from registration of certificate of sale |
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Definition
| REPRODUCTION COST NEW LESS DEPRECIATION |
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Term
What is not a determinant of value in appraisal of realty:
contribution, demand, purchasing value, scarcity, utility |
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Definition
remember DUST-P as determinants of value
DEMAND
UTILITY
SCARCITY
TRANSFERABILITY
PURCHASING POWER |
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Term
| refers to the use an object is put to, the services it renders and wants it satisfies. |
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| To prevent persons who are outsiders to the family from acquiring, by chance or accident, property which otherwise would have remained with the said family. |
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Term
February 2 marks the 45th year that people from all over the world celebrate the adoption of the Convention on Wetlands.
Initially signed by just 21 nations in 1971, the international covenant for the conservation and sustainable utilization of wetlands now have 169 contracting parties, the Philippines among them is called _______.
a. Ramcar Convention
b. Ramsar Convention
c. Ramstein Convention
d. Wetlands Convention |
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| Despite its late entry in 1994, Philippines has ____ Ramsar sites to date. |
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In sales of Principal Residence, if 100% of the proceeds was used, no capital gains tax will be paid. However, CGT will be paid on the unutilized portion.
Suppose the property was sold for P10M and at the time of sale, the tax base for CGT is P12M. However, only P7M was utilized for new principal residence, how much would be the CGT on the unutilized portion? |
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Definition
In our example the tax base is P12M and the unutilized percentage is equal to (P10M-P7M) divided by P10M or 3M over P10M or 30%.
Then, the 6% Capital Gains Tax will be based on 30% of P12M or :
CGT = 6% X 30% X P12M = P216,000.00 |
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Term
| A corporation is the lessor of a seventeen (17) door apartment. The monthly rental excluding VAT is as follows: 12 units at P15,000.00 per unit and five (5) units at P8,500.00 per unit. It incurred P20,000.00 worth of VAT invoiced expenses for the repair and maintenance for the month of March. Compute for the VAT payable for the month of March. |
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Definition
17-door apartment
12 units @ P15,000.00/mo.
5 units @ P8,500.00/mo.
VAT Invoiced Expenses - P20,000.00 for the month
PROBLEM: Compute for the VAT payable for the month.
SOLUTION:
1. First, Check if the lessor is covered by VAT.
Total Annual Rent = 12 units X P15,000.00/mo. X 12 = P2,160,000.00
therefore, not exempted
2. VAT for March shall cover only those units whose rent is more than P10,000.00 per month.
Output Tax = P15,000.00 X 12 X 12% = P21,600.00
Less: Input Tax = P20,000.00 X 12%/1.12 = P 2,142.86
VAT to be remitted for the month ------- P19,457.14 |
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Term
| refers to loans, bonds or classes of shares that have equal rights of payment, or equal seniority. In addition, secondary issues of shares that have equal rights with existing shares rank pari-passu. Wills and trusts can assign an in pari-passu distribution where all of the assets will be equally divided between the named parties. |
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Term
| second mortgage or a mortgage already secured by a first mortgage (sometimes called senior mortgage). |
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| agreement between the seller and the buyer wherein the buyer assumes the payments of the original loan and a secures a second mortgage (a junior mortgage) to pay-off the seller. |
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Term
| placing of a small area of land in a different zone from that of neighboring property. For instance, because it serves a useful purpose to neighborhood residents, a park or school might be granted this zoning exception and be allowed in a strictly residential area. |
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a land grant given by the state to qualified individuals
in agricultural, residential, commercial and industrial lands. The grant is
conditioned upon payment of the purchase price after appraisal and bidding. |
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Term
a land grant issued for lands that are proclaimed,
reserved or actually used and occupied by government agencies and
instrumentalities for some public use or purpose. Special patents are issued by the DENR. |
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Term
| the consumption of ________ varies directly with income |
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Term
| SYNTHETIC INVESTMENT PRODUCTS SHALL NOT CONSTITUTE MORE THAN ______ OF THE INVESTIBLE FUNDS OF THE REIT |
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Definition
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Term
A STOCK CORPORATION ESTABLISHED IN
ACCORDANCE WITH THE CORPORATION CODE OF THE PHILIPPINES AND THE RULES AND
REGULATIONS PROMULGATED BY THE COMMISSION PRINCIPALLY FOR THE PURPOSE OF OWNING
INCOME-GENERATING REAL ESTATE ASSETS. FOR PURPOSES OF CLARITY |
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| REAL ESTATE INVESTMENT TRUST |
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Term
THE TOTAL CONTRACT VALUE OF PROPERTY DEVELOPMENT ACTIVITIES UNDERTAKEN AND INVESTMENTS IN
UNCOMPLETED PROPERTY DEVELOPMENTS SHOULD NOT EXCEED ________________ OF THE DEPOSITED PROPERTY
OF REIT. |
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NOT MORE THAN ________________OF THE INVESTIBLE FUNDS OF THE REIT MAY BE INVESTED
ANY ONE ISSUER'S SECURITIES OR ANY ONE MANAGED FUND, EXCEPT WITH RESPECT TO THE PHILIPPINE GOVERNMENT SECURITIES
WHERE THE LIMIT IS ______________. |
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| THE TOTAL BORROWING AND DEFERRED PAYMENTS OF A REIT SHOULD NOT EXCEED ___________ OF ITS DEPOSITED PROPERTY |
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Term
INCOME PAYMENTS TO A REIT SHALL BE SUBJECT TO
A CREDITABLE WITHHOLDING TAX OF _____ |
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Definition
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Term
CASH OR PROPERTY DIVIDENDS PAID BY A REIT SHALL BE
SUBJECT TO A FINAL TAX _____ |
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Definition
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Term
| GDP growth rate of Philippines for 2015 |
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Definition
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Term
| Average inflation rate for 2015 |
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Definition
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| Average annual core inflation for 2015 |
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Definition
| 1. South Korea 2. US 3/ Japan 4. China |
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| Project of Ayala Land, a 1,100 hectare master planned development in Porac Pampanga |
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Term
| What is the size of the property to be developed by Ayala Land in Balintawak which includes a 2 hectare shopping complex and a 250 bed hospital |
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| Project of Ayala Land, a 700 hectare area in Dasma and Imus |
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| Joint venture of _____ with _____ to develop a 45 ha township in Binan, Laguna |
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Definition
| GT Capital and Ayala Group |
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| Ayala Group will plan with SM Group on development of a _____ hectare property in South Road property in ___ |
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| SM Group intends to pour Php _________ of investments in the 600 hectares Manila Bay reclamation |
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| SM Group plans to increase shopping malls from 52 to ____ by _____ |
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| MEG is launching 5 new townships with a total land area of around _____. MEG's total township land area is _____ |
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Definition
| 400 hectares; 3100 hectares |
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| Vista Land Group's Starmall Strip is projected to open ____ branches by 2017 |
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| Filinvest Group entered into Joint Venture Agreement with Singaporean-firm __________ to form the FilArchipelago Hospitality Inc (FHI) (Chroma Hospitality Inc) |
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Definition
| Archipelago International Pte Ltd (AIPL) |
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| DMCI is alloting Php _____ for its 12 projects in 2016 |
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| Rockwell is developing a township project in _____ and recently launched ______ in Pasig and ________ in Muntinlupa |
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Definition
| Iloilo; THe Vantage at Kapitolyo; East Bay Residences |
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| COSCO has 35 stores and will add _____ more |
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| COSCO partnered with Lawson Inc to open _____ stores annually in the succeeding years |
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| Total GFA of COSCO (includes the 35 stores + RFC Mall) |
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| Eton Properties currently has an inventory of ______ with its 5 office buildings. A sixth building, Eton Cyberpod Three will increase the total inventory to _______ sqm |
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| Eton intends to complete __ more office towers in Eton Centris in QC by 2017 |
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| Robinsons Land Group partnered with ______ and ______ |
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Definition
| Crown Plaza and Holiday Inn |
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Term
| landmark agreement that eliminates or reduces tariffs, lowers the cost of trade, and sets new and high standards for global trade while addressing next-generation issues |
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Definition
| Trans Pacific Partnership (TPP) |
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| bigger agreement that will build on the expected liberalization gains from the recently concluded Trans Pacific Partnership (TPP) |
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Definition
| Free Trade Area of the Asia Pacific (FTAAP) |
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| 12 Members of TPP ABCCJMMNPSUV |
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Definition
| Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, US, Vietnam |
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Term
| A separate free trade agreement being negotiated among the 10 member-states of the ASEAN and its six trading partners namely Japan, China, Korea, Australia, New Zealand and India. |
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Definition
| Regional Comprehensive Economic Partnership (RCEP) |
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| BCDA signed MOU with Swiss govt + IVL, ElectriCITY, Xeric for development of _____ |
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| Clark Green City has a total area of _______ |
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| Investments registered with the Philippine Export Processing Authority (PEZA) jumped __________as of October this year to P174.226 billion while jobs generation improved slightly |
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| 4 Real Estate Challenges Facing the AEC |
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Definition
1. transparency in markets
2. Skilled labor
3. Pro-investment policy issues
4. Restrictive ownership policies |
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| Board Resolution amending PD 957 regarding advertisements and sales warranties |
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| Board Resolution requiring dealers, brokers and salespersons to register with HLURB |
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| Worst storm to hit PHL in 2015 |
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| ______ is a 10.5 hectare project of Filinvest Alabang |
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