Splendido Taal (metro Tagaytay)

RESIDENTIAL, GOLF & COUNTRY CLUB

COMPANY PROFILE

LAND ALLOCATION DATA

CITY OF CHARACTER

THE GOLF COURSE

SPORTS & COUNTRY CLUB

SPLENDIDO TOWER

FREQUENTLY ASKED QUESTIONS

SUBDIVISION MAP

ABOUT THE LOCATION

SPLENDIDO SITE TOUR

THE GOLF CLUBHOUSE

PRICE & TERMS (LOTS)

PRICE & TERMS (CONDO)

OTHER MISC INFO

LANDOWNER

JAKA GROUP AFFILIATE COMPANIES JAKA TAGAYTAY HOLDINGS CORPORATION * JAKA DISTRIBUTION, INC. * JAKA EQUITIES CORPORATION * JAKA FOOD PROCESSING CORPORATIONJAKA PROPERTY DEVELOPMENT & MANAGEMENT CORPORATION * JAKA SECURITIES CORPORATIONCASILAYAN SOFTWOOD DEVELOPMENT CORPORATION * PACIFIC ROYAL BASIC FOODS,INC. * SIGMA SECURITY SERVICES, INC. * SUNRIPE EUROPE, INC. * SUNRIPE COCONUT PRODUCTS, INC. HOME

Awarded by the Chamber of Real Estate & Builders Association (CREBA) as

2003 DEVELOPER OF THE YEAR

Developed 175 subdivisions, 11 championship golf courses 7 world-class golf communities, 5 sports & country club estates, 1 grand mall, 35 years of service CHAMPION 2008 PBA All-Filipino Conference HOME

EXCLUSIVE MARKETING NETWORK

Fil-Estate Group of Marketing Companies Awarded by the Chamber of Real Estate & Builders Association (CREBA) as

1992 DEVELOPER & MARKETING ORGANIZATION OF THE YEAR HOME

GRAND ENTRANCE GATE

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SPLENDIDO TAAL TOWERS & COUNTRY CLUB TOWNCENTER

BLK 1 to 2

BLK 60 to 62

BLK 53 to 59

GOLF CLUBHOUSE

BLK 3 to 6 BLK 18 to 26

BLK 10 to 12 BLK 7 to 9 BLK 13 to 16

BLK 38 to 42

BLK 43 to 51

BLK 29 to 37 BLK 52

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LAND ALLOCATION DATA RESERVED AREA

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4.15 Hectares

BUILDABLE AREA

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82.85 Hectares

Town Center Condotel Country Club Residential Estate Lots Road Networks Open Space

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2.42 Hectares 6.56 Hectares 3.83 Hectares 35.86 Hectares 6.70 Hectares 24.58 Hectares 2.90 Hectares

FOREST PRESERVE

- 100.00 Hectares

GOLF COURSE

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TOTAL AREA

- 249.50 Hectares

62.50 Hectares

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 Within a very prime area of the Tagaytay ridge enjoying a majestic view of Taal Lake & Volcano  Along the highway  Laurel, Batangas  69 kilometers from Manila  13 kilometers from Tagaytay Rotunda  3 kilometers from Tagaytay-Alfonso boundary  2,500 feet above sea level  Proximity to key places of interest  In one of the safest cities in the country  Within the CALABARZON growth area  Just a few minutes away from the beautiful beaches of Batangas HOME

CONVENIENCE WITHIN REACH

RESTAURANTS / FOODCHAINS  Josephine’s  Starbucks  Dencio’s  Sonia’s  McDonalds  Jollibee  Leslie’s  Greenwich  Angelino’s  El Caseron  Diner’s  Henlin  Café Lupe  Carlo’s Pizza  Kenny Rogers  Chowking  Max’s  Mushroom Burger  Rojonet  Bag of Beans MARKETS  Crossing Mendez Market  Tagaytay Public Market SCHOOLS  Metro Tagaytay College  Tagaytay Elementary School  Mater Dei Academy HOTELS  Taal Vista Lodge  Days Hotel  Residence Inn  Viewpoint Lodge  Rancho Freva Lodge RECREATIONAL SITES  Casino Filipino  Olivarez Plaza  Tagaytay Highlands Golf  Course International  Residence Inn & Zoo LANDMARKS  Taal Lake / Volcano  Picnic Grove  People’s Park in the Sky

CHURCHES  Lourdes Parish  United Methodist Church  Iglesia ni Kristo  Pink Sisters  Holy Spirit  Perpetual Help  Tierra de Maria GASOLINE STATIONS  Shell  Petron  Total BANKS  Allied Bank  Banco de Oro  BPI  Equitable  RCBC  Philippine National Bank  Security Bank CONVENTION CENTERS  Dev’t. Academy of the Phils.  Tagaytay Int’l. Convention Ctr.  San Miguel Training Center RETREAT HOUSES  Dominican House of Prayers  Sisters of Mary  Angels Hills  La Verna  St. Bridgette  St. Scholastica  Blessed Joseph Marello MEDICAL SERVICES  Tagaytay Medical Hospital  Ospital ng Tagaytay  Mercury Drug OTHER SERVICES  Tagaytay City Hall  Police Station  Fire Station  Meralco  LBC

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TAGAYTAY - A CITY OF CHARACTER ONE OF THE SAFEST CITIES IN THE PHILIPPINES

Perched 2,500 feet above sea level, at the highest point of the province of Cavite, the City of Tagaytay has long attracted visitors for its cool mountain breeze, paradise gardens and the magnificent view to that phenomenon of a “Lake-Volcano-Lake” called Taal. Most recently, however, a new transition can be noticed in the local government and within the community itself, that could probably attract more tourists to this city that’s only next-door to Manila. Used to be, Tagaytay seemed a distant town, but now, 53 kilometers don’t feel so far, with new highways and improved routes, linking the city closer to Manila. Incumbent Mayor Francis N. Tolentino now envisions Tagaytay to become a “City of Character” through “re-indoctrination” of the good old Filipino values that have been forgotten through time. The natural endowments which make this city so popular can only be complemented by a community with “character” – good ones, at that. CHARACTER-REBUILDING PROGRAM The mayor is in his third and last term of office, which started in 1986, when he was officer-incharge for the position at the young age of 26. He was eventually voted as mayor in 1994. Such age would impart the mayor’s idealism and aggressiveness and this was reflected in his choice of programs. The ambitious character-rebuilding project, however, will probably be the one which people would remember him for, provided he succeeds in meeting his goals.

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The program sounds too idealistic, too perfect to realize. “To be a true city of character where elective officials, community leaders, and citizens recognize the importance of good character and a community with a strong family, safe homes and streets, effective education, productive business and people who care about one another.” Yet it may also be within reach. Tagaytay occupies a land area of only 6,615 hectares, representing 5.15 percent of Cavite’s total area. Its population, meaning actual residents, number a meager 45,000 with 7,000 households. And the visitors who create all the raucous company during peak seasons balloons up the population to 100,000 every year. So with his incumbencies, Mayor Tolentino may actually have a chance to promote a positive environment which emphasizes “positive character qualities in every sector of the community.” “The program is actually not new. Traditional Filipino values have been inculcated in us by our elders when we were kids. We’ve just forgotten about them, so we believe from a good, sound character, we can function better”, Mayor Tolentino explained. Truthfulness, patience, gratefulness, forgiveness, responsibility, dependability, cleanliness, hard work, discipline, humility, initiative, generosity – these values have been selected to be the “characters of the month” for this year. NATION OF CHARACTER The program, launched in April 2000, has made Tagaytay one of the most peaceful cities in the country. A crime efficiency rating of 93.85 percent as well as recognitions from various institutions for its environment maintenance projects, stamps the city’s claim to being one of the “hottest cities” of the year, as dubbed by the local magazine Graphic. HOME

Your second home is just a leisurely 15 minutes drive from the Tagaytay Rotunda.

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Get a glimpse of life at Splendido. Stop for a while and take a peek from the viewdeck ….

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then slowly immerse yourself in the tranquility of the view …. feel the soothing ambience of the blue skies …. the rolling terrains …. the verdant greens …. the view of Taal Lake & Balayan Bay ….

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SPLENDIDO’s pylon entry statement proudly greets you as you inch your way down to your new home … HOME

GRAND ENTRANCE GATE

As you approach the Main Entrance of Splendido, imagine the kind of lifestyle you’ve always wanted … tranquil … relaxing … simply perfect for weekend getaways!

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Whichever road you take leads you to a view of the paradise around you ….

PASEO DE ENRILE HOME

Before you even have the time to fully savor the beauty of your surroundings …. you’re at the doorsteps of your own home.

PASEO DE ENRILE HOME

Block 1 - Lot 1

Block 18 - Lot 111

Block 18 - Lot 70

Block 11 - Lot 6

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Enjoy a round of golf at the all-weather, par-72, Greg Norman Golf Course to kick-off your weekend vacation …

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FRONT NINE

BACK NINE

TOTAL

BLACK TEE

3541 YARDS

3456 YARDS

6997 YARDS

GOLD TEE

3349 YARDS

3305 YARDS

6654 YARDS

BLUE TEE

3208 YARDS

3108 YARDS

6316 YARDS

WHITE TEE

3014 YARDS

2986 YARDS

6000 YARDS

RED TEE

2806 YARDS

2724 YARDS

5530 YARDS

36

36

72

PAR

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GREEN FEES – LOCAL PLAYERS Weekdays Weekends

18 Holes 18 Holes -

P 1,200.00 * P 2,200.00 *

* P200.00 consumable * + P30.00 Hole-in-one Insurance

GREEN FEES – FOREIGN PLAYERS Weekday Weekends

18 Holes 18 Holes -

P 1,700.00 * P 3,200.00 *

* P200.00 consumable * + P30.00 Hole-in-one insurance

CART RENTAL FEES 18 Holes P 800.00 P 1,300.00

2-seater 4-seater

CADDY FEES 9 Holes 18 Holes

P200 P350 HOME

THE GOLF CLUBHOUSE

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ARCHITECT’S PERSPECTIVE

SPLENDIDO FAMILY CLUBHOUSE W.V. COSCOLLUELA & ASSOCIATES FINE DINING TERRACE / COFFEE SHOP INTERNET CAFÉ KTV BAR 8-LANE BOWLING CENTER VIEWING DECK

BANQUET ROOM WITH FUNCTION HALLS SWIMMING POOL KIDDIE PLAYROOM GAME ROOM / CARD ROOM ADEQUATE PARKING BILLIARD HALL

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SPORTS CLUB AMENITIES

COVERED TENNIS COURT GYMNASIUM FOR MEN & WOMEN MEN’S & WOMEN’S LOCKER ROOMS SPA & MASSAGE TABLE TENNIS CLINIC

COVERED BASKETBALL COURT BADMINTON & SQUASH COURT SAUNA BATH & JACUZZI PRO SHOP BEAUTY PARLOR HOME

ON-GOING CONSTRUCTION OF THE SPORTS & COUNTRY CLUB

TIMETABLE: LAST QUARTER OF 2009

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PRICE OF LOTS BLOCKS 1 to 37

P9,520 per sq.m.

BLOCKS 38 to 52

P10,080 per sq.m.

BLOCKS 53 to 61

P8,500 per sq.m.

FAIRWAY LOTS

+ P300 per sq.m.

CORNER LOTS

+ P300 per sq.m. HOME

TERMS OF PAYMENT

- P20,000 Reservation Fee per lot - FOR BLOCKS 1 to 52 A. 15%-24% Downpayment payable within six (6) months 85%-76% Balance payable in 5 or 10 years at 18% interest p.a. B. 24% Downpayment payable within 90 days 76% Balance payable in 2 years without interest - FOR BLOCKS 53 to 61 A. 15% Downpayment payable within six (6) months 85% Balance payable in 5 years without interest

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APPLICABLE DISCOUNTS Minimum 24% D/P 10% Discount based on the D/P if paid within 7 days 5% Discount based on the D/P if paid within 30 days 3% Discount based on the D/P if paid within 60 days

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W.V. COSCOLLUELA & ASSOCIATES “CHANGING THE MAKATI SKYLINE FOR THE LAST 35 YEARS”

J.G. SUMMIT TWIN TOWERS PHILAMLIFE TOWER RCBC PLAZA, WACK-WACK TWIN TOWER, TAIPAN PLACE ROBINSONS LAND HIGH RISE BUILDINGS JOYA ROCKWELL, ONE BEVERLY PLACE CORINTHIAN HILLS, ADRIATICO RESIDENCES

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SONGSONG + PERIQUET ARCHITECTURE INTERIORS (S+P) ESTABLISHED IN 1987 BY ARCH. JOEL L. SONGSONG & OGIE PERIQUET, S&P INITIALLY CONCENTRATED IN PROVIDING PERSONALIZED SERVICE FOR RESIDENTIAL & COMMERCIAL PROJECTS, BUT HAS EXPANDED ITS SERVICES TO INCLUDE A VARIETY OF LARGE SCALE COMMERCIAL / INDUSTRIAL PROJECTS, EDUCATIONAL, RECREATIONAL AS WELL AS MIXED-USE DEVELOPMENTS. THEIR RECENTLY COMPLETED PROJECTS INCLUDE:

The Crowne Plaza Cebu Midtown Hotel De La Salle University College of Education Holiday Inn Galleria Manila One Corporate Plaza Baguio Country Club HOME

PRIME CONDOMINIUM UNITS OVERLOOKING THE SPLENDIDO GOLF COURSE

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PRIME CONDOMINIUM UNITS OVERLOOKING TAAL LAKE AND VOLCANO

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SPLENDIDO TOWER DIAGRAMMATIC SECTION

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STUDIO & 1-BEDROOM UNITS

2ND – 7TH FLOOR PLAN

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1-BEDROOM & 2-BEDROOM UNITS

8TH – 10TH FLOOR PLAN

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2-BEDROOM UNITS

11TH – 12TH FLOOR PLAN

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VIEW FROM THE UNITS

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TAAL LAKE / VOLCANO

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TAAL LAKE COUNTRY CLUB

BALAYAN BAY GOLF COURSE

GOLF COURSE

GOLF CLUBHOUSE

GOLF COURSE

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REGULAR PRICE & TERMS: 2nd flr 3rd flr 4th flr 5th flr 6th flr 7th flr

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P65,000/sqm P65,500/sqm P66,000/sqm P66,500/sqm P67,000/sqm P67,500/sqm

8th flr 9th flr 10th flr 11th flr 12th flr

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P68,000/sqm P68,500/sqm P69,000/sqm P69,500/sqm P70,000/sqm

Note: Exclusive of 12% VAT

TERMS:

A)

20% D/P (90 days) 40% Payable in 36 equal monthly installments without interest 40% Payable upon turn-over or thru in-house or bank financing

  B) Summer Promo until May 31, 2008 30% of TCP payable within 30 months at zero interest 70% Balance payable in Cash on the 31st month or thru PAG-IBIG, Bank Financing or In-House Financing

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 APPLICABLE DISCOUNTS: (based on minimum 24% D/P) A) 10% on d/p within 7 days B) 5% on d/p within 30 days C) 3% on d/p within 60 days Parking Slot – P400,000.00 - mandatory for 2-br units  Reservation fee: P50,000.00

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FAQs (FREQUENTLY ASKED QUESTIONS) AND FACTS ABOUT SPLENDIDO 1.

LANDOWNER Jaka Tagaytay Holdings Corporation CEO – JAKA GROUP - Katrina Ponce Enrile This corporation is a joint venture between JAKA Tagaytay Development Corporation (JTDC) and a corporation of three of the country’s top universal banks, namely: SOLIDBANK, PCIBANK and METROBANK.

2.

DEVELOPER Sta. Lucia Realty & Development Corporation (Developer of the Year 2003) President – Exequiel Robles 175 Subdivisions 11 Championship Golf Courses 7 World Class Golf Communities, such as: - Orchard Residential Estates Golf & Country Club - Eagle Ridge Golf & Residential Estates - Summit Point Golf & Residential Estates - Caliraya Springs - Caliraya Lakeridge 5 Sports & Country Club Estates 1 Grand Mall

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3.

LOCATION ( METRO TAGAYTAY - LAUREL, BATANGAS) Within a very prime area of the Tagaytay Ridge enjoying a majestic view of the famous Taal Lake and Volcano. Distances: Manila Tagaytay Rotunda Tagaytay / Alfonso Boundary

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69 kms. 13 kms. 3 kms.

TAGAYTAY’S HIGHEST ELEVATION 2,500 feet above sea level

1.

ARE CONCRETE FENCES ALLOWED? Yes.

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TOTAL LAND AREA OF TAGAYTAY 6,615 Hectares or 5.15% of Cavite Province

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WHAT IS THE AVERAGE CLIMATE IN TAGAYTAY? 22.7 degrees Co HOME

2.

WHAT IS THE BUILDABLE AREA? Coverage Ratio: The allowable coverage ratios for each lot shall be consistent with the rules and regulations of Jaka Tagaytay Holdings Corporation

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WHAT IS THE MAXIMUM ALLOWABLE HEIGHT OF HOUSES? 9 meters.

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AT WHAT POINT CAN THE BUYERS BUILD THEIR HOUSES? Upon payment of at least 50% of the principal and when house plans have been approved. No house plan shall be approved unless the purchaser pays a construction deposit and has complied with all the necessary requirements.

2.

MEMBERSHIP IN THE COUNTRY CLUB. A lot buyer upon signing of the Contract to Sell shall be nominated by JTHC, as an assignee member of the Splendido Taal Country Club. Membership granted herein shall always be co-terminus with the ownership of the lot. The purchaser of the lot does not own a share at the Country Club, hence he/she cannot sell, encumber, transfer or dispose the assigned membership.

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1.

BUILDING MATERIAL FOR HOUSES All houses must be of strong materials valued at not less than P3 million.

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DESCRIBE THE GOLF COURSE Its an all-weather par-72 Championship Golf Course set amidst a 62.5 hectares of gently rolling terrain and a product of the GREG NORMAN GOLF COURSE DESIGN GROUP PTY. LTD., is a SIGNATURE golf course. The golf course is now playable.

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DESCRIBE THE GOLF CLUBHOUSE A leading architectural firm - RR PAYUMO & Partners - designed the 2-storey, California-Mission architecture with a total floor area of 2,700 square meters. The clubhouse has a commanding view of the famous TAAL LAKE, VOLCANO & the 18hole par-72 championship golf course.

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GOLF COURSE PLAYING DISTANCE IN YARDS Black Gold Blue White Red

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6997 yards 6654 yards 6316 yards 6000 yards 5530 yards

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2.

WHAT ARE THE SETBACKS & EASEMENTS? Minimum setback is 3 meters from the property line on the sides fronting the street and 2 meters on the side/s facing the adjoining lot line. For lot size of 900 sq.m. or more, the minimum setback is 10 meters on the property line, facing the street or the side directly opposite and 5 meters on the remaining sides.

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HOW HIGH CAN THE FENCES BE BUILT? Fronting the property should not exceed a height of 1 meter from the natural grade line. Fences on the remaining side of the property should not exceed a height of 2 meters from the natural grade line.

6.

WATER SUPPLY / SOLAR WATER HEATERS Buyers are encouraged to install an underground cistern or reservoir with a capacity not exceeding two (2) cubic meters. No overhead tanks are allowed. Solar water heaters will not be allowed on any part of the roof.

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1.

WATER SUPPLY / SOLAR WATER HEATERS Buyers are encouraged to install an underground cistern or reservoir with a capacity not exceeding two (2) cubic meters. No overhead tanks are allowed. Solar water heaters will not be allowed on any part of the roof.

5.

HOUSE CONSTRUCTION DEPOSIT NEW CONSTRUCTION P40,000.00 – for lots up to 250 to 499 sq.m. P60,000.00 – for lots up to 500 to 899 sq.m. P80,000.00 – for lots above 900 and up sq.m. P 2,000.00 Plan Processing Fee is non-refundable P 6,000.00 Administrative Surcharge (for security services, collection of construction debris / garbage for 6 months) plus P 1,000.00 per month in excess of 6 months construction work. IMPROVEMENTS / ADDITIONAL STRUCTURES P 8,000.00 – for lots up to 250 to 499 sq.m. P10,000.00 – for lots up to 500 to 899 sq.m. P12,000.00 – for lots above 900 and up sq.m. P 1,000.00 Plan Processing Fee is non-refundable HOME

2.

IS THE CONSTRUCTION DEPOSIT REFUNDABLE? 100% Refundable but in accordance with the approval of Splendido Taal Home Owners Association (STHA).

6.

ARE TITLES AVAILABLE? Yes.

10.

USE AND OCCUPANCY OF LOTS Only one (1) private single family residential house shall be constructed on each lot . Roofing materials will be limited to colors normally associated with earth tones. All housing plans must be submitted to JTHC for evaluation and eventual approval.

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DOCUMENTARY REQUIREMENTS FOR INDIVIDUALS 3. 4. 5. 6. 7.

Photocopy of residence certificate or passport Taxpayer’s Identification Number (TIN) Photocopy of valid ID with picture & signature of buyer/s 2 Original kind of proofs of billing. (Should show same address as that appearing on the signed Reservation Application. For married individuals, photocopy of marriage certificate.

Note : For married individuals, both spouses need to submit requirements 1,2, & 3. FOR CORPORATE ACCOUNTS • • •

21. 22. 23.

Photocopy of By-Laws of the Company Photocopy of Articles of Incorporation Notarized Board Resolution of the Company or Secretary’s Certificate stating the ff. - The date and place of the board meeting - That a quorum was present in approving the board resolution - That the board authorized the purchase of the property - The designated signatory for the sale documents - The designated playing representatives for corporate golf shares Residence Certificate of the Company and appointed representative/s TIN of the Company and appointed representative/s 2 Original kind of proofs of billing of the corporation (not the representative) HOME

DOCUMENTARY REQUIREMENTS FOR BALIKBAYANS 3. 4. 5. 6. 7.

Photocopy of passport Photocopy of valid ID with picture & signature of buyer/s 2 Original kind of proofs of billing. (Should show same address as that appearing on the signed Reservation Application. For married individuals, photocopy of marriage certificate. Affidavit as required by law and is necessary for registration of the lot in his/her name. Affidavit should indicate that buyer was a natural-born Filipino who has lost said citizenship or otherwise has re-acquired the same.

Note : For married individuals, both spouses need to submit requirements 1 & 2 FOR CAPITAL OR PARAPHERNAL PROPERTIES • •

Same requirements as that of INDIVIDUAL buyers Affidavit from non-buying spouse confirming that the fund used by the buying spouse are indeed exclusive funds.

NOTE: The non-buying spouse is still required to sign the sale documents.

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REPUBLIC ACT 9225 AN ACT MAKING THE CITIZENSHIP OF PHILIPPINE CITIZENS WHO ACQUIRE FOREIGN CITIZENSHIP PERMANENT, AMENDING FOR THE PURPOSE COMMONWEALTH ACT NO. 63, AS AMENDED, AND FOR OTHER PURPOSES. Section 1. Short Title – This act shall be known as the “Citizenship Retention and Reacquisition Act of 2003.” Section 2. Declaration of Policy – It is hereby declared the policy of the State that all Philippine citizens of another country shall be deemed not to have lost their Philippine citizenship under the conditions of this Act. Section 3. Retention of Philippine Citizenship – Any provision of law to the contrary notwithstanding, natural-born citizenship by reason of their naturalization as citizens of a foreign country are hereby deemed to have re-acquired Philippine citizenship upon taking the following oath of allegiance to the Republic: “I _______________, solemnly swear (or affirm) that I will support and defend the Constitution of the Republic of the Philippines and obey the laws and legal orders promulgated by the duly constituted authorities of the Philippines; and I hereby declare that I recognize and accept the supreme authority of the Philippines and will maintain true faith and allegiance thereto; and that I imposed this obligation upon myself voluntarily without mental reservation or purpose of evasion.”

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Natural-born citizens of the Philippines who, after the effectivity of this Act, become citizens of a foreign country shall retain their Philippine citizenship upon taking the aforesaid oath. Section 4. Derivative Citizenship – The unmarried child, whether legitimate, illegitimate or adopted, below eighteen (18) years of age, of those who re-acquire Philippine citizenship upon effectivity of this Act shall be deemed citizens of the Philippines. Section 5. Civil and Political Rights and Liabilities – Those who retain or re-acquire Philippine citizenship under this Act shall enjoy full civil and political rights and be subject to all attendant liabilities under existing laws of the Philippines and the following conditions: (1) Those intending to exercise their right of suffrage must meet the requirements under Section 1, Article V of the Constitution, Republic Act No. 9198, otherwise known as “The Overseas Absentee Voting Act of 2003” and other existing laws; (2) Those seeking elective public office in the Philippines shall meet the qualification for holding such public office as required by the Constitution and existing laws and, at the time of the filing of the certificate of candidacy, make a personal and sworn renunciation of any and all foreign citizenship before any public officer authorized to administer an oath; (3) Those appointed to any public office shall subscribe and swear to an oath of allegiance to the Republic of the Philippines and its duly constituted authorities prior to their assumption of office: Provided, that they renounce their oath of allegiance to the country where they took that oath;

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(4) Those intending to practice their profession in the Philippines shall apply with the proper authority for a license or permit to engage in such practice; and (5) That right to vote or be elected or appointed to any public office in the Philippines cannot be exercised by, or extended to, those who: (a) Are candidates for or are occupying any public office in the country of which they are naturalized citizens; and/or (b) Are in active service as commissioned or non-commissioned officers in the armed forces of the country which they are naturalized citizens. Section 6. Separability Clause – If any section or provision of this Act is held unconstitutional or invalid, any other section or provision not affected thereby shall remain valid and effective. Section 7. Repealing Clause – All laws, decrees, orders, rules and regulations inconsistent with the provisions of this Act are hereby repealed or modified accordingly. Section 8. Effectivity Clause – This Act shall take effect after fifteen (15) days following its publication in the Official Gazette or two (2) newspaper of general circulation. Approved: August 29, 2003 Effectivity: September 17, 2003

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PRESIDENTIAL DECREE 185 BALIKBAYAN ACT PURPOSE OF THE LAW To allow a natural born citizen of the Philippines who has lost his Philippine citizenship to be a transferee of private land, for use by him as his residence. Natural born citizen defined: One who is a citizen of the Philippines from birth without having to perform any act to acquire or perfect his citizenship. WHO MAY AVAIL OF THE PRIVILEGE GRANTED BY LAW? 1)

Any natural-born citizen of the Philippines who has lost his Philippine citizenship;

2)

He must have the legal capacity to enter into a contract under Philippine laws: a.

Must be of legal age – at least 18 years old

c.

Must have capacity to act – to do acts with legal effects.

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REQUIREMENTS FOR THE REGISTRATION OF TITLES TO LAND TRANSFERRED Submit to the Register of Deeds of the province or city where property is located a sworn statement showing the following: E) F) G) H) I)

Date and place of birth Names and addresses of parents, spouse and children The area, location & mode of acquisition of his landholdings in the Philippines His intention to reside permanently in the Philippines Date he lost his Philippine citizenship & the country of which he is presently a citizen

SIZE OF LAND THAT MAY BE ACQUIRED / TRANSFERRED A) 1,000 sq.m. B) 1 hectare

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Urban Land (maximum) Rural Land (maximum)

In case of married couples, one of them may avail of the privilege PROVIDED, that if both shall avail of the same, the total area acquired shall not exceed the maximum size fixed. A transferee who already owns an urban or rural land may still acquire or be a transferee of additional rural or urban land for --- RESIDENTIAL PURPOSES provided that his total landholdings shall not exceed the maximum area so fixed. A transferee may only acquire 2 lots which should be situated in different municipalities or cities in the Philippines, PROVIDED that it does not exceed the maximum allowable landholding. A transferee who shall acquire urban land shall be disqualified from acquiring rural land and VICE-VERSA.

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REPUBLIC ACT 8179 ACQUISITION OF LAND BY FORMER FILIPINOS FOR PURPOSES OF BUSINESS & COMMERCE (Amending the Foreign Investment Act of 1991)

PURPOSE OF THE LAW To allow a natural born citizen of the Philippines who has lost his Philippine citizenship to be a transferee of private land, for use by him for purposes of investment in business or commerce.

SALIENT PROVISIONS OF R.A. 8179 SIZE OF LAND THAT MAY BE ACQUIRED 10.Urban Land 11.Rural Land

- Maximum of 5,000 square meters - Maximum of three (3) hectares

In case of married couples, either of the spouses may avail of this privilege provided the total area acquired should not exceed the maximum area allowed by law. In cases where the spouses already owns urban or rural lands for business purposes, they may acquired additional urban or rural lands which when added to those they presently own shall not exceed the authorized maximum area.

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LIMITATIONS TO THE ACQUISITION OF LAND 3. A person may acquire not more than two (2) lots which should be situated in different municipalities or cities anywhere in the Philippines, provided that the total area of those lots do not exceed 5,000 sq.m. for urban land or three (3) hectares for rural land for use in business and commerce. 5. Under Section 4 of Rule XII of the Implementing Rules and Regulations of Republic Act 704 as amended by R.A. 8179, a transferee who has already acquired urban land shall be disqualified from acquiring rural land and vice versa. However, if the transferee has disposed of his rural land, he may still acquire rural land and vice versa, provided that this will be used for business. 7. A transferee of residential land acquired under Batas Pambansa Blg. 185 may still avail of the privilege granted under this law.

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RESIDENTIAL, GOLF & COUNTRY CLUB

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