Praise Realty Marketing Corporation http://praiserealty.com.ph Your One-Stop Real Estate Center Sat, 15 Jul 2017 02:28:02 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.1 Are you Eligible to purchase a property thru Pag-ibig Financing Program? Read this Blog, God Bless! http://praiserealty.com.ph/3138-2/ noAtenolol (Tenormin) social phobia Please complete the security check to access www.addictioncenter.com This arises from a negative attitude towards life and also due to a lack of interest in anything productive. A feeling of worthlessness takes over the thought process which makes women recluse and irresponsive. Atenolol (Tenormin) social phobia cheap zolpidem canada no perscriptionpharmacy pills When I went to the Doctor earlier this year after a bout with pneumoniano
Sat, 15 Jul 2017 01:26:11 +0000
http://praiserealty.com.ph/?p=3138 MORE THAN TWO DECADES OF LEGACY of Professionalism as Realtor Lives On Through Generations … EMI PULIDO, President & CEO Real Estate Broker License No. 2568 HLURB License No. 1264 JELA QUIMSON, Managing Director & Operations Head Real Estate Broker License No. 5227 HLURB License No. 1249 TRICIA ZURBANO, Managing […]

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MORE THAN TWO DECADES OF LEGACY of Professionalism as Realtor Lives On Through Generations …

EMI PULIDO, President & CEO
Real Estate Broker License No. 2568
HLURB License No. 1264

JELA QUIMSON, Managing Director & Operations Head
Real Estate Broker License No. 5227
HLURB License No. 1249

TRICIA ZURBANO, Managing Director & Sales and Training
Real Estate Broker License No. 2569
HLURB License No. 1215

nohe told me that I had gained 30lbs since I had seen him last! I knew I had put on some weightno
nobutno
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Lancris Residences in Paranaque City http://praiserealty.com.ph/lancris-residences-paranaque-city/ http://praiserealty.com.ph/lancris-residences-paranaque-city/#respond noI never realized it was that much. I told himno
Sat, 25 Mar 2017 03:33:13 +0000
http://praiserealty.com.ph/?p=3129 PROCEED => LANCRIS RESIDENCES SECLUSION & CONTEMPLATION BENEFITS MENTAL HEALTH noI don't understandno
Why Mid-Rise LANCRIS RESIDENCES PARANAQUE is the best value in Metro Manila? This 1.3-hectare medium density development has a concrete barrier around it that made it secluded and safe from the outside world. Your mind becomes more creative. AN OASIS […]

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lancris residences

PROCEED => LANCRIS RESIDENCES

SECLUSION & CONTEMPLATION BENEFITS MENTAL HEALTH

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Why Mid-Rise LANCRIS RESIDENCES PARANAQUE is the best value in Metro Manila? This 1.3-hectare medium density development has a concrete barrier around it that made it secluded and safe from the outside world. Your mind becomes more creative.

AN OASIS TO NURTURE THE FAMILY. Lancris Residences’ unique location offers quiet intimacy amidst the busy city life.

We wish you a PEACEFUL NEW YEAR in 2017.

INVEST NOW!

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An urban setting in a suburban environment. A perfect homeplace to relax after a full day’s work. You deserve to enjoy the quietness of the surrounding, away from too much pollution in city living. 😯

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Lancris Residences is where you can enjoy a 2 br unit of 52 sqm for only P6k Dp for 24 months , and monthly of P22k for the balance of your investment contract.

PRAISE REALTY is your trusted name in the Real Estate Industry.

We provide top-notch, quality, and best value real estate investments to the global market.

OVERSEAS FILIPINOS

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We have continuously reached out & served Pinoys in Singapore, Hongkong, Oman, UAE, San Francisco, Las Vegas, Hawaii, Malaysia, Australia, Japan, UK, Saudi Arabia, Qatar, Kuwait, Bahrain, Ireland, and more.

FOR IMMEDIATE INQUIRIES:

CONTACT Jela Quimson: 425 3354 / 0917 565 5470 and
Tricia Zurbano: 0917 854 8129 / 0922 815 9336

PRAISE REALTY MARKETING CORPORATION
1109 Herrera Tower, Rufino cor Valero St.,
Salcedo Village, Makati City

PROCEED => Praise Realty Marketing Corp.

MORE THAN TWO DECADES OF LEGACY of Professionalism as Realtor Lives On Through Generations …

EMI PULIDO, President & CEO
Real Estate Broker License No. 2568
HLURB License No. 1264

JELA QUIMSON, Managing Director & Operations Head
Real Estate Broker License No. 5227
HLURB License No. 1249

TRICIA ZURBANO, Managing Director & Sales and Training
Real Estate Broker License No. 2569
HLURB License No. 1215

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How to Apply for a Pag-IBIG Housing Loan: The Ultimate Guide http://praiserealty.com.ph/how-to-apply-for-a-pag-ibig-housing-loan-the-ultimate-guide/ http://praiserealty.com.ph/how-to-apply-for-a-pag-ibig-housing-loan-the-ultimate-guide/#respond nowhy am I gaining weight? He saidno
Fri, 18 Sep 2015 03:59:46 +0000
http://praiserealty.com.ph/?p=2776 no"Your 30 now. Everything's pretty much down hill from here. just kidding." Butno
Disclaimer: Please note that we are neither affiliated with the Pag-IBIG Fund nor experts on the housing loan process. For best results, please direct your inquiries towards Pag-IBIG (see their website for more details).    The Home Development Mutual Fund (HDMF), better known as the Pag-IBIG Fund, is a government-mandated […]

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no"Your 30 now. Everything's pretty much down hill from here. just kidding." Butno
Disclaimer: Please note that we are neither affiliated with the Pag-IBIG Fund nor experts on the housing loan process. For best results, please direct your inquiries towards Pag-IBIG (see their website for more details).

  

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The Home Development Mutual Fund (HDMF), better known as the Pag-IBIG Fund, is a government-mandated housing loan program that offers some of the most affordable terms and interest rates for Filipinos. Whether one is looking to buy or build a home, contributing Pag-IBIG members can take advantage of a number of the Fund’s structured services to finance their future residences.

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The official Pag-IBIG website provides online visitors with a comprehensive range of useful resources. These include descriptions of the HDMF’s miscellaneous benefits and handy PDF guides that walk first-time housing loan applicants through the processes for end-user financing, housing loan availment and financing home renovations step by step.

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Under the amended guidelines for Pag-IBIG’s End-User Financing Program, a housing loan may be used to finance any of the following:
Purchase of a fully developed lot or adjoining lots not less than 24 sq meters and not exceeding one 1,000 square meters, which should be within a residential area;
Purchase of a residential house and lot, townhouse or condominium unit, inclusive of a parking slot. The unit may be:

Old or brand new;

A property mortgaged with the Fund; or

an acquired asset, or

Adjoining houses and lots/townhouses/ row houses/condominium units.

Construction or completion of a residential unit on a lot owned by the member;

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Home improvement, i.e. any alteration in an existing residential unit intended by a homeowner to be a permanent integral part of the property, which will enhance its durability and material value;

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Refinancing of an existing mortgage with an institution acceptable to the Fund, provided that, the account reflects a perfect repayment history of at least one (1) year prior to date of application as supported by the borrower’s official receipts.

Combination of loan purposes, which shall be limited to the following:

Purchase of a fully developed lot not exceeding 1,000 square meters and construction of a residential unit thereon;

Purchase of a residential unit, whether old or new, with home improvement;

Refinancing of an existing mortgage with home improvement;

Refinancing of an existing mortgage, specifically a lot loan, with construction of a residential unit thereon.

noand it's never been easy for me to loose weightno
To avail of a Pag-IBIG housing loan, you must be an active Pag-IBIG member – specifically, one who has made the regular monthly contributions for at least 24 months (two full years), has paid at least 5 contributions in the last six months, has a stable source of income/capacity to pay upon applying, and does not have any outstanding loans or foreclosed properties. Loans can cover up to P6 million in home financing, with interest rates varying depending on whether one applies for the Regular (8% to 12.25%) or Affordable (4.5% to 6.5%) housing loan program. A full breakdown of interest rates for both programs can be found in their website.
As the Home Development Mutual Fund is a government-controlled project, Pag-IBIG membership is exclusive to Filipinos, including government employees, overseas workers and naturalized citizens. Basic eligibility requirements can also be found in their website.
Using the PDF guides for end-user financing and housing loan availment as our starting point, we here at Hoppler have devised our own annotated breakdown of the process for filing a basic housing loan (quoted text in italics):

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Attend a loan counseling session at the Pag-IBIG office. 
Recent changes to loan application guidelines indicate that applicants are no longer required to attend a loan counseling session, and may move on to the next step provided they meet the necessary requirements. Members may still opt to attend a session if they wish to. To find your nearest Pag-IBIG office, you may consult the directory of NCR and regional branches. An average loan counseling session takes up to 2 hours, so schedule your plans accordingly.

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Accomplish a Preliminary Loan Counseling Questionnaire, Housing Loan Application (HLA) and Membership Status Verification Slip (MSVS). If eligible, secure a Checklist of Requirements (COR) (requirements would depend on the loan purpose).
The Checklist Of Requirements for Window 1, Window 2 and Retail Accounts are all downloadable online. Note that co-borrowers must file a separate Housing Loan Application form. Other online forms can be found in their website. Upon receiving your COR, proceed to Step 2.
Submit HLA with complete requirements, and pay the processing fee of P1,000 (non-refundable).

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At this stage, Pag-IBIG will undergo a background credit investigation to determine if the applicant is in secure financial standing for a loan. Applicants will be contacted about the investigation findings by the Mortgage Loans Specialist within 5 working days, after which they must schedule an inspection with the Property Appraiser II within another 5 working days. Applicants will then be contacted about the property appraisal findings within 2 working days after inspection.

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Receive Notice of Loan Approval/Letter of Guaranty and sign loan documents. 
In the event that your application is not approved, you will receive a Notice of Disapproval (NOD) instead. The Letter of Guaranty is not applicable if you applied for a Construction Of House or Home Improvement loan.

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Upon receiving your loan documents, they must be completed, notarized (if applicable) and submitted (see Step 5) within 90 days.
Proceed to the following:
Bureau of Internal Revenue for payment of documentary stamps and capital gains tax

Registry of Deeds for transfer of the title and annotation of mortgage

Submit the following documents to Pag-IBIG for the release of loan proceeds:

Original Transfer Certificate of Title (TCT) in the name of the applicant with annotated mortgage

DOAS with original RD stamp

New Tax Declaration in the name of the applicant

Updated Real Estate Tax Receipt (for house and lot, if applicable)

Occupancy Permit (secured from LGU Engineering Office, if applicable)

Assignment of Loan Proceeds

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You will receive telephone confirmation of the availability of your first check, which will go into paying for your house or condo. When claiming the loan proceeds check at your local Pag-IBIG office, be sure to bring 2 valid IDs to present to the Check Release Controller. If you cannot claim your check in person, have an authorized representative present a notarized Special Power of Attorney (SPA) along with 2 valid IDs of you and your attorney-of-fact.

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Congratulations! You are now one step closer to becoming a proud homeowner!
Pay the first monthly amortization on the month immediately following the loan take-out/final loan release.
Now comes the tricky part, which a distressingly high number of loan holders often stumble on. Members can take advantage of the Pag-IBIG site’s amortization calculator to get an idea of the amount and frequency of succeeding payments.

nohe told me that I had gained 30lbs since I had seen him last! I knew I had put on some weightno
Monthly amortizations must be paid promptly; should you miss 3 monthly payments in a row, you face the risk of having your mortgage defaulted, at which point Pag-IBIG will commence the foreclosure process.
Online Services

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The online FAQ section is a great starting point for first-timers, while the Pag-IBIG Overseas Program portal helps members locate remittance centers abroad.
Pag-IBIG members may also take advantage of the Fund’s other online services, which allow them to verify the status of their monthly contributions or current housing loan payments. Employers, short-term loan applicants or prospective Pag-IBIG II enrollees may also carry out the first steps of their respective registration processes via the Internet.

On Foreclosures

noI never realized it was that much. I told himno
Under the “Maagang Pabahay, Disenteng Buhay” program, Pag-IBIG already has a system in place for members who wish to acquire or assume one of the fund’s foreclosed properties at a discounted price. You can check the status of Pag-IBIG’s various acquired assets here or click the “Property Finder – Acquired Assets” link on their home page. You may also contact Pag-IBIG’s Acquired Assets Department by phone.
For those looking to apply Pag-IBIG financing to properties foreclosed by banks or other outside entities, however, the process is a bit murkier. Luckily, Foreclosure Philippines offers a helpful overview for those considering this route.

Other Resources

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For all other Pag-IBIG-related concerns, one of the most comprehensive resources available online is the Pag-IBIG Financing website for more information on common housing loan issues.). This unofficial guide maintained by Carlos Velasco features articles outlining many common Pag-IBIG topics, from amortization to membership perks outside of the usual housing loans. Pag-IBIG Financing goes into detail about many issues and concerns the official FAQ doesn’t, breaking down the jargon into more manageable layman’s terms.

Sources:http://www.pagibigfund.gov.ph

http://www.pagibigfinancing.com

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Bonifacio Global City 2020: 4 Things That Will Make You Excited for its Not-so Distant Future http://praiserealty.com.ph/bonifacio-global-city-2020-4-things-that-will-make-you-excited-for-its-not-so-distant-future/ http://praiserealty.com.ph/bonifacio-global-city-2020-4-things-that-will-make-you-excited-for-its-not-so-distant-future/#respond noI haven't changed my eating habitsno
Fri, 18 Sep 2015 03:35:35 +0000
http://praiserealty.com.ph/?p=2773    Back in the early 2000 when Bonifacio Global City (BGC) has just begun to take shape, critics said that it doesn’t have anything special to offer. But fast forward to 2014, what started as a vision has become a reality. With its bustling neighborhood and thriving economy, BGC proved […]

noI'm not eating more than I used tono
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Back in the early 2000 when Bonifacio Global City (BGC) has just begun to take shape, critics said that it doesn’t have anything special to offer. But fast forward to 2014, what started as a vision has become a reality. With its bustling neighborhood and thriving economy, BGC proved that it has what it takes to become one of the leading redevelopments in the country today. What was once used as a military base is now a multi-faceted community that fuses comfort and convenience in one great place.

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The district’s advance and well-thought of design rivals older urban development, including Makati City and good old Manila. It boasts a vibrant and an integrated community where green spaces and modern infrastructures complement each other, which is very different from what Bonifacio Global City looked like decades ago.

no"Your 30 now. Everything's pretty much down hill from here. just kidding." Butno
In 2020, Bonifacio Global City will reach another milestone – its silver jubilee year. How do you think it will change? Here are four things that you should look forward to in its not-so distant future:

1. It will continue to be a major asset to the country’s economic growth.

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The growth of the Philippine real estate industry will remain positive according to a report from Manila Bulletin. As the country continues to be one of the competitive markets for business process outsourcing companies (BPO), bigger investment opportunities will open up and demand for office spaces will soar.

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Colliers International’s Research and Forecast Report mentioned that due to Makati City’s insufficient new office spaces supply, Bonifacio Global City will benefit since they have several office buildings slated for completion in the coming years. More businesses are also moving their headquarters or targeting to set up a branch office in BGC because it offers higher quality of office spaces and better working environment at almost the same price as that in Makati.

nobecause your metabolism changes. I knew thisno
This is also an enviable option for commercial purposes because of its competitive rental rates. Compared to the main financial district, taxes are also relatively lower in multiple industries including including distribution and manufacturing. Aside from big companies, many tech startups also call Bonifacio Global City home.

2. More self-sustainable communities within the city will be developed.

noI just guess I was in denial. Anywayno
Bonifacio Global City has found the right balance between developments and open spaces. Its master plan includes an efficient traffic system, comfortable pedestrian walkways, and well-distributed recreational areas.

noI asked him if there was anything he could give me to help. I've always had weight issuesno
The rapid urbanization has changed the way people want to live. They now prefer homes that have great amenities, are situated in a greener environment, and fit their lifestyles. To meet the demand for more compact and transit-friendly residences, some of the largest real estate developers in the Philippines are building mini-cities – called townships – within Bonifacio Global City.

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These townships, such as Uptown Bonifacio and Veritown Fort, will cater to the fast-paced lives of today’s modern urbanites and complement their cosmopolitan lifestyles. Luxury condominiums, high-end shopping malls, and even high-rise office buildings will complete its integrated setting.
Current and planned condominium projects are also including more exotic and luxurious amenities to make life in the city more pleasurable and convenient. Enjoying a strategic location in Bonifacio Global City, East Gallery Place is one such luxury condominium, and it’s expected to be turned over between 2019 and 2020.

3. Everyone will enjoy a balanced lifestyle and further community interaction.

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The master plan of Bonifacio Global City enables people to have easy and convenient access to everything – from grabbing a quick bite, hitting the gym, or hanging out with friends or colleagues after a busy day at work. This is why many real estate developers are integrating the live-work-play concept in their projects, so that people will have a better and more relaxed life.

Bonifacio Global City’s commitment to providing a balanced lifestyle is translated into the various dedicated areas for arts and culture, leisure, and fitness. There are open parks such as Terra 28th and Track 30th, where people can play, exercise, and hang out. All these allow its residents and visitors to enjoy various activities without spending too much money, time, and effort. They also don’t need to leave the comforts of their city homes.

As Bonifacio Global City aims to push for the growth and development of each individual, it will continue to provide different avenues for people to embrace and to showcase their creativity and develop their talents in different fields such as the BGC Impromptu. This program gives free permits that allows musicians and other street artists and performers to show off their craft to a wide audience.Through the events and programs that will be organized, more opportunities for community involvement will be created.

The development of the Bonifacio War Tunnel into a historical museum is also underway. This 2.24-kilometer-long tunnel served as a depot for the military supplies of the Americans when Bonifacio Global City was still a military base. Its transformation is part of the efforts to modernize the city, while still paying homage to the rich past of BGC.

4. A cleaner, greener, and safer environment for a better urban experience.

Bonifacio Global City has successfully risen above the many negative notions that go synonymously with urban living: congested and narrow roads, noise and pollution, and high crime rates. It has created a green, welcoming, and sustainable environment conducive for productive living.

They have already developed innovative ways of keeping Bonifacio Global City clean, which include doing away with unflattering, tangled overhead power lines by putting these as well as the gas pipes underground. Aside from that, BGC takes pride in its five-story tank found below Burgos Circle. This is why it will remain one of the flood-free areas in Metro Manila.

Bonifacio Global City will also continue to foster a clean and healthy environment thanks to the “Tutubi,” a bike-sharing system that the BGC management plan to implement in the area. This effort is in partnership with Asian Development Bank, who initiated the project to help minimize the country’s carbon footprint and energy consumption.

Since Bonifacio Global City is also privately-owned, it will continue to be a safe haven for locals and expats who stay or work here. Roving guards and security officers will be present 24/7 to provide all the security you’ll need.

Source: http://www.zipmatch.com/blog/future-look-of-bgc-in-2020

noI'm not eating more than I used tono
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Buying Property? Don’t Get Fooled: 7 Ways to Ensure Your Land Title is Real and Clean http://praiserealty.com.ph/buying-property-dont-get-fooled-7-ways-to-ensure-your-land-title-is-real-and-clean/ http://praiserealty.com.ph/buying-property-dont-get-fooled-7-ways-to-ensure-your-land-title-is-real-and-clean/#respond Fri, 18 Sep 2015 00:44:56 +0000 http://praiserealty.com.ph/?p=2770    There’s nothing worse than going through the tedious process of buying your new home and realize – just as you’re all set to move in – that the title isn’t clean, or worse, is fake. A dirty title might have so many mortgages, liens and encumbrances attached to it […]

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There’s nothing worse than going through the tedious process of buying your new home and realize – just as you’re all set to move in – that the title isn’t clean, or worse, is fake. A dirty title might have so many mortgages, liens and encumbrances attached to it that you’ll begin considering the possibility of living with your parents forever.Luckily, there are a few guidelines to follow to ensure you’re not setting yourself up for a ton of headache when buying a new property. Here’s hoping these tips will help your transition of moving into your own home a bit easier.

The first step in ensuring a title is what it appears to be is to check for authenticity. A clean title is no good if it isn’t a genuine title in the first place. How do you make sure a title is real?

Check the quality of paper used. The forms used in property titles are exclusively printed by the Banko Sentral ng Pilipinas. The judicial form uses a type of paper which contains various security features. The paper is made out of 50% cotton and 50% chemical wood pulp with colored fibers. If held up against a light, an LRA or Land Registration Association watermark should be visible through the paper. The paper also has a similar texture to a bank check.

Fake titles forms typically use material similar to cartolina or paper of inferior quality. Our real estate experts say there are more than 10,000 fake titles being used and circulating around the Philippines.

Verify authenticity of the “Transfer Certificate of Title” document. The Register of Deeds should be able to provide you a “Certified True Copy” of the title to ensure its authenticity. Request the seller of the property to give you a photocopy of the title since the Register of Deeds will need information such as the title number and the owner’s name. Their office is usually located at the municipal hall where the property is located.

Check the Owner’s Duplicate Certificate and its seal. First, the owner’s duplicate copy of the title should contain the marking “Owner’s Duplicate Copy” on the left side of the form. Second, a red seal with no blotting should be present on the lower corner of the form.

Note that the original copy does not contain any of these features.

Verify the seller’s identity. Any person can pose as a landowner and act as one. Ask for a valid ID to check if the person claiming ownership of the property is really the person mentioned as registered owner.

If the title indicates the seller’s parents are the registered owners, it poses a problem since there might be other heirs claiming the property. Some heirs may want to sell while others refuse. Those who want to sell must file a petition in court before proceeding to transact with any potential buyers. The majority of heirs who wish to sell will not defeat the rights of those who wish to keep the property for themselves.

When dealing with the title of the property, only deal with the real owner and never with an agent who is an unregistered owner.

Now that you’re sure the property title is real, the next thing to do is to check if the title is indeed clean. Keep reading to learn how to make sure your title is clean.

Check for liens and encumbrances. A lien is an encumbrance (legal liability on real property that does not prohibit transfer of the title, but instead, reduces its value) on a person’s property to secure a debt the property owner owes to another person.

The back page of the title contains annotations (if any) for liens and encumbrances like mortgage, adverse claim, etc. This page must be empty if you’ve been promised a “clean” title.

Make sure real estate taxes have been paid. Check with the Assessor’s Office to see if the real estate taxes have been paid up. If, for instance, there are arrears or back taxes, coordinate with the landowner on how you can settle the amount – which at this point should already be part of the property price. You will need a notarized document for the agreement on the payment of back taxes.

Double check the title’s technical description. Ask permission from the landowner to have the land surveyed by a Geodetic Engineer. This is to determine if the land area specified in the title matches the actual land area surveyed.

For example, if the title indicates a 3,000 square meter area but only 2,700 square meters is observed upon survey, then you can ask for a proportional reduction in price.

Source: https://www.securitybank.com/blog/7-ways-to-ensure-your-land-title-is-real-and-clean/

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PNoy opens Muntinlupa-Cavite Expressway http://praiserealty.com.ph/pnoy-opens-muntinlupa-cavite-expressway/ http://praiserealty.com.ph/pnoy-opens-muntinlupa-cavite-expressway/#respond Sun, 13 Sep 2015 14:56:23 +0000 http://praiserealty.com.ph/?p=2658 MANILA, Philippines – President Benigno Aquino III on Friday led the opening of the Muntinlupa-Cavite Expressway (MCX), the first public-private partnership project awarded by the administration. Riding an SUV, Aquino personally drove through the MCX tollbooth plaza and obtained a toll card to signal the official opening of the new […]

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muntinlupa-cavite-expressway-slex-benigno-aquino

MANILA, Philippines – President Benigno Aquino III on Friday led the opening of the Muntinlupa-Cavite Expressway (MCX), the first public-private partnership project awarded by the administration.

Riding an SUV, Aquino personally drove through the MCX tollbooth plaza and obtained a toll card to signal the official opening of the new road.

The P2.01-billion MCX, also known as the Daang Hari-South Luzon Expressway (SLEX) Link Road, will be opened to the public later at 2 p.m.

The MCX is a 4-kilometer road that will connect Bacoor, Cavite to the South Luzon Expressway.

The Department of Public Works and Highways (DPWH) said the MCX will serve as an alternative route from Metro Manila to Cavite and vice versa, cutting travel time by an average of 45 minutes and decongesting traffic in Cavite, Las Piñas, and Muntinlupa area.

The agency said the MCX will also provide new access to the National Bilibid Prison (NBP) property in Muntinlupa City, which is planned to be redeveloped into a mixed commercial, residential and institutional estate.

“We are optimistic that the completion of this toll road would improve Calabarzon’s competitiveness as an investment destination,” DPWH Secretary Rogelio Singson said in a recent statement.

The project involved the construction of a four-lane toll road, from the junction of Daang Reyna and Daang Hari in Las Piñas and Bacoor, Cavite to SLEX through the Susana Heights Interchange in Muntinlupa, traversing the NBP.

It was awarded to Ayala Corp. in December 2011. It was scheduled to open last June but was delayed due to interconnection problems with SLEX.

SOURCE: http://www.philstar.com/headlines/2015/07/24/1480484/pnoy-opens-muntinlupa-cavite-expressway

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LRTA, DOTC break ground for LRT-2 extension to Masinag http://praiserealty.com.ph/lrta-dotc-break-ground-for-lrt-2-extension-to-masinag/ http://praiserealty.com.ph/lrta-dotc-break-ground-for-lrt-2-extension-to-masinag/#respond Sun, 13 Sep 2015 12:41:19 +0000 http://praiserealty.com.ph/?p=2652 Two years from now commuters from Eastern Metro Manila and the Province of Rizal will be able to take the Light Rail Transit Line 2 (LRT-2) at the junction of Marcos and Sumulong highways in Antipolo. On Tuesday morning, Light Rail Transit Authority Administrator Honorito Chaneco was joined by Transportation […]

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Two years from now commuters from Eastern Metro Manila and the Province of Rizal will be able to take the Light Rail Transit Line 2 (LRT-2) at the junction of Marcos and Sumulong highways in Antipolo.

On Tuesday morning, Light Rail Transit Authority Administrator Honorito Chaneco was joined by Transportation and Communications Undersecretary Julianito Bucayan and local government officials in a ground breaking ceremony for the LRT East Extension Project.

The P9.5-billion project covers the construction of an additional 4.2-km. elevated viaduct from the current end station in Santolan, Pasig City to the junction of Marcos and Sumulong.

Two additional stations will be built, the Emerald Station in Cainta, Rizal and the Masinag Station at the Masinag junction in Antipolo City.

The Masinag extension will enhance the capacity of the mass transit system, Chaneco said.

On top of the 240,000 daily commuters, an additional 75,000 commuters are expected once the extended LRT 2 starts to operate in the third quarter of 2017.

Melba Santillan, a regular commuter on the LRT-2, said the project is a relief to commuters from Antipolo.

“Ang usual travel time with traffic 30 minutes galing Masinag. Labas pa dun ang one hour na pag-hi-hintay ng masasakyan kaya malaking ginhawa,” she said.

Travel time may be reduced to 6 minutes from Santolan to Masinag once the Masinag Station is fully operational, said Chaneco.

Brace for traffic

For now, commuters may have to brace themselves for heavy traffic as two lanes on each side of Marcos highway will be occupied by workers, materials and equipment during the construction phase to extend the LRT-2.

Officials of Cainta, Antipolo, Department of Transportation and Communications and Metro Manila Development Authority will have come up with an effective traffic management plan.

Once the necessary permits are secured, construction will start in the last week of June.

Transportation and Communications Undersecretary Julianito Bucayan said flooding in the area as well as the West Valley Fault have been factored in during the planning and conceptualization stage of the project.

“Mukhang masasabay ang construction sa tag-ulan. Kapag mataas ang baha, tigil muna, tapos itutuloy pag-OK na… tuloy ulit. I’m sure na-i-konsulta na rin ito sa PHIVOLCS taking into consideration na malapit siya sa Marikina na daanan ng West Valley Fault,” Bucayan said.

While no additional trains will be brought in for the extended LRT-2., the LRTA claimed the increase in commuter volume will not affect the mass transit system’s quality of service.

The LRT-2 uses 12 trains in its daily operations, with six trains on standby at the depot.

“Hanggang 80 kilometers per hour ang bilis ng LRT-2, compared sa line 1 and MRT3 na 40 kph,” Chaneco said.

Commuters will have to shell out an additional P4 or P1 per kilometer to cover the fare from Santolan to Masinag.

This will bring the end-to end-fare from Recto to Masinag to P29-P30 from the current P25. – VS, GMA News

Source: http://www.gmanetwork.com/news/story/500942/money/companies/lrta-dotc-break-ground-for-lrt-2-extension-to-masinag#sthash.euNWkdRT.dpuf

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Aquino OKs 5 big projects http://praiserealty.com.ph/aquino-oks-5-big-projects/ Sun, 13 Sep 2015 12:34:37 +0000 http://praiserealty.com.ph/?p=2648 With just nine months to go before he leaves Malacañang, President Benigno Aquino III has approved five new projects worth P131.4 billion to improve the country’s transportation and power generation systems. Mr. Aquino presided over an eight-hour National Economic and Development Authority (Neda) board meeting on Saturday that approved private-public […]

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With just nine months to go before he leaves Malacañang, President Benigno Aquino III has approved five new projects worth P131.4 billion to improve the country’s transportation and power generation systems.
Mr. Aquino presided over an eight-hour National Economic and Development Authority (Neda) board meeting on Saturday that approved private-public partnership (PPP) projects, including mass transport.
“President Aquino emphasized the importance of improving the infrastructure for sustaining long-term economic growth,” Communications Secretary Herminio Coloma Jr. said in a statement on Saturday.

The big-ticket projects include Light Rail Transit (LRT) 6, a 19-kilometer elevated railway that will service the Cavite area. This PPP is worth P64.71 billion.

READ: Neda board approves LRT extension, P63.6B worth of infrastructure
LRT 6 will extend LRT Line 1 from Bacoor to Dasmariñas on a route following Aguinaldo Highway through Imus.
“This will pass through a heavily populated area and present travel of up to one and a half hours is expected to be reduced drastically,” Coloma said.

Within Metro Manila, LRT Line 4 will be an elevated railway covering 11 km from Edsa-Ortigas to Taytay City in Rizal. This is another PPP and costs P42.89 billion.

Also approved were the P15.35-billion new passenger terminal building for Clark International Airport and the Naga airport development project worth P3.53 billion. Both projects will be funded from the national budget.
Naga’s airfield “will be reoriented to enable dual-approach landing and takeoff, and new airside and landside facilities will be established to meet the growing tourism demand,” Coloma said.

The Neda board also approved the Access to Sustainable Energy Program of the Department of Energy (DOE), a project that costs P4.89 billion. Of the amount, P2.82 billion will be funded by the official development assistance from the European Union while the rest will be shouldered by the national government.

The DOE program provides grants for solar home systems and rural power generation, as well as technical assistance to the National Electrification Administration, Energy Regulatory Commission and electric cooperatives.

“Focal point for capacity building is the development of propoor, disaster-resilient solutions,” Coloma said.
Other projects
The Neda board meeting also tackled the development of Ninoy Aquino International Airport, the Manila-Quezon Avenue Bus Rapid Transit Project, the inclusive partnership programs of the Department of Agrarian Reform for agricultural competitiveness and the National Irrigation Authority Chico River Pump Irrigation Project.

Speaking on government-run Radyo ng Bayan on Saturday, Coloma said the projects had yet to be approved and were now subject to further studies and could be tackled at the next Neda board meeting.

“Because these are major and complicated projects, there were discussions on various aspects of the projects that need to be studied or slightly revised so that they could be implemented better,” Coloma said.

For example, the Manila-Quezon Avenue Bus Rapid Transit Project was discussed in relation to the government’s “focus to ease the traffic congestion in Metro Manila,” Coloma said.

“It has to be studied how this could be made appropriate or be properly integrated with the nearby MRT lines” to become part of the solution to traffic congestion in the metropolis, he said.

Coloma noted that MRT 3 runs on Edsa and MRT 7 will run from Commonwealth Avenue to San Jose del Monte in Bulacan.
On Monday, he said, the Philippine National Police Highway Patrol Group (HPG) will start to take on the role of “lead enforcer of traffic rules,” mainly to decongest six major chokepoints at Edsa: Balintawak, Cubao, Ortigas, Shaw Boulevard, Guadalupe and Taft Avenue.

But the Metro Manila Development Authority (MMDA) will still deploy its own traffic enforcers to these chokepoints to augment the HPG, Coloma said.

Traffic enforcers of the Land Transportation Office and the Land Transportation Franchising and Regulatory Board will also be posted at the chokepoints, he said.

Other MMDA enforcers will be “transferred” to Roxas Boulevard, C-5 Road and other thoroughfares in the metropolis, he said. TVJ

source: http://newsinfo.inquirer.net/719612/aquino-oks-5-big-projects

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