Mall of Asia Complex considered as One of Best Area in Metro Manila for Property Investment

Bay City is more than 40-years old, but its true impact is only starting to be realized. While the area is best known as an entertainment zone, it is quickly transforming into a business hub with many international companies establishing operations here.

A more cordial relationship between the Philippines and China has proven to be beneficial to Bay City’s business outlook. Mainland offshore gaming firms and BPO companies have opted to set up shop in and around Bay City. This had a positive impact on the area’s real estate market.

Colliers International research found rental rates were 30 to 50 percent higher in a number of residential condo properties in the Bay Area and Makati due to an influx of Chinese employees. A growing number of mainland buyers are also purchasing condo units here. This increase in demand has been good for Bay Area property prices which are among the fastest growing in Metro Manila.

And it’s not just those from overseas who want to live and work in Bay City. With several key business areas and an endless supply of entertainment options, this is a place that caters to those who enjoy a modern lifestyle.

Bay City is firmly entrenched as the entertainment hub of the Philippines with places like SM Mall of Asia, making it a place both tourists and locals flock to throughout the year. The Mall of Asia is also undergoing an ambitious expansion that will see a number of facilities open including the first IKEA in the Philippines.

Nino Aquino International Airport is easily accessible from Bay City. Additionally, the area is home to World Trade Center Metro Manila, the Philippine International Convention Center, the head offices of several large firms, such as Philippine Airlines, and a number of government buildings.

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Contact/Viber us: 0917 512 5475

Easy Steps to Buy

1	Schedule Property Viewing Schedule an exclusive property viewing with our property consultant to your desired project. To schedule an appointment, you may contact (+63) 917 512 5475. For overseas-based clients, you may request for your family or representative to have the viewing on your behalf.
2	Unit Reservation During property viewing, you'll be presented with the best available units within latest inventory. You may reserve your desired unit by filling out the Buyer Information Sheet, Reservation Forms and paying the reservation fee. Requirements to bring: Two (2) valid ID and TIN number (both spouses if married).
3	Submit Required Documents Personal and documentary requirements must be submitted within 30 days from the date of reservation. A checklist of requirements can be downloaded here. Bank financing is developer-assisted (see list of accredited banks).
4	Pay Downpayment Payment of required downpayment is made through post-dated cheques (PDCs) payable to Crown Asia. Downpayment can be paid on lump sum or monthly installment at zero interest.
5	Unit Turnover After downpayment, wait for the unit construction to finish and for home loan application to be approved (if bank financing) before we can schedule a unit inspection. After inspection, client may now accept the unit and move-in.

List of Requirements

REQUIREMENTS DURING RESERVATION

2 pcs. Philippine-issued Valid ID
Accomplished Customer Information Sheet
Accomplished Reservation Agreement Form
Reservation Fee

DOCUMENTARY REQUIREMENTS

If married, both spouses shall submit the following:

3 pcs. 1x1 picture
2 Philippine-issued Valid ID
Birth Certificate (if single)
Marriage Certificate (if married)
Proof of Billing Address or Barangay Certificate
Tax Identification Number
Post Dated Cheques

PROOF OF INCOME REQUIREMENTS

Certificate of Employment with Compensation
Payslips (latest 3 months)
Latest Income Tax Return (ITR)
Bank Statements (latest 6 months)
Vouchers latest 6 months (for commission-based employee)

ADDITIONAL REQUIREMENTS FOR OFW

Photocopy of Passport
Job Contract (photocopy)
Passport stamp entries

ATTORNEY-IN-FACT

OFW/Immigrants buyers must assign a family/relative as their Attorney-in-fact (AIF) in their home purchase. AIF must likewise submit the following requirements:

3 pcs. 1x1 picture
2 pcs. Philippine-issued valid ID
Proof of Billing Address
Special Power of Attorney Form (Notarized/Consularized)

SELF-EMPLOYED INCOME REQUIREMENTS

Additional requirements for business owners (self-employed) with minimum 3 years of operation:

Business Permit
Latest 3 years ITR with Financial Statement
Photo of Business Establishment
Bank Statements latest 1 year