Davao Real Estate Blog

What : Philippine National Bank and Allied Bank Joint Property Auction
When : Thursday, March 29, 2007 at 2:00PM
Where : Grand Regal Hotel in Km 7, JP Laurel Ave., Bajada, Davao City

• Up to 35% discount on lots
• Interest rates as low as 10%
• Payment Terms up to 10 years
• 10% down payment for lots
• 25% down payment for developed properties
• Deposit PhP 25,000 cash or Manager’s Check (No deposit, No participation)
• For installment buyers, please bring Proof of Income (ITR,Cert of Employment, Bank Statement, etc)

Properties available from Compostela Valley, Davao del Norte, Davao del Sur, Davao Oriental, and Sultan Kudarat. Sample properties from Davao City are listed below.

• Residential Lot at 2,619 sqm located in Cabantian, Buhangin. Market Value : PhP 1,309,500; Min Bid Price : PhP 209,520
• Vacant Lot with 10,092 sqm area located in Sitio Escuela Bula, Catalunan Grande, Talomo District, Davao City. Market Value : PhP 606,000; Minimum Bid Price : PhP 424,000
• Residential Lot in Hinundayan Homes with 245 sqm area, Dumoy Toril, Davao City. Market Value: 417,000; Min Bid Price: PhP 396,000

Much, much more properties area available. For details, contact the following:

PNB-AMS Sales III - Auction Team (Manila Head Office)
Tel +63-02-832-2562, +63-02-256-3131, +63-891-6040

Southern Mindanao Regional Desk:
+63-082-221-7021 (Davao Branch)

Members of the Pag-IBIG Fund have a chance to enjoy lower interest rates and longer payment terms when they avail of Pag-IBIG Housing Loan program. Take a look at list below and see the current prevailing interest rates and loan terms available to you as a Pag-IBIG Member.

• Loan amount of up to Php 300,000; 6% interest rate per annum.
• From Php 300,001 to PhP 500,000; 7% interest rate per annum.
• From Php 500,001 to PhP 750,000; 10.5% interest rate per annum.
• From Php 1,000,000 to PhP 2,000,000; 11.5% interest rate per annum.

Loan amount of up to PhP 700,000 can be paid in 30-year term; Php 700,001 up to PhP 2,000,000 can be paid up to 20 years.

Please take note that you can only loan up to PhP 2,000,000 through Pag-IBIG. If the price of the property is higher than 2,000,000, you may want to personally finance the balance.