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Real estate is a powerful wealth building tool that has made millions of individuals millionaires.

Could you be the next?

Here are four primary “wealth generators” at play when you invest in real estate, depending on the strategy you get into:

  • Cash Flow. This is the extra income you’ll get to keep each month (or year) that you own the property. Cash flow can be deceptive because it fluctuates when certain repairs are higher or lower in different months, so it’s important to factor in non-monthly costs like vacancy (the amount of time the property sits vacant), repairs, capital expenditures (expensive projects that need to be replaced on a home every so often, like appliances, roofs, windows, plumbing, etc.), along with the regular expenses (utilities, management, etc.).
  • Appreciation. When the value of a property increases, we call this “appreciation.” While appreciation is not always guaranteed (just ask people who bought in 2006 and sold in 2010!), over time, historically, real estate has always increased in America, averaging 3% per year over the past century. Another type of appreciation that can come into play is known as “forced appreciation,” the concept of increasing the value by physically improving the property.
  • Loan Pay-down. When you buy a property with a mortgage, each month your loan balance decreases. This means, over time, your tenant is essentially paying the loan down for you, helping you build wealth automatically. To make this concept clearer, pretend for a moment you owned a property that you bought for $1,000,000 with a mortgage for $800,000, and it made $0 in cash flow (it “broke even”) and never climbed in value. However, after that thirty-year mortgage is paid off, you’ll now have a property worth $1,000,000 that you didn’t actual save for. Your tenant paid it off due to the “loan pay-down.”
  • Increase your Asset Portfolio– With properties you have, this increases your asset appeal to the market. With this, you can make this as your back up or support for businesses you might like to venture on in the future using it for bank loan or gaining good deal with the appraisal value of the property. 

Want to start with your real estate business, but do not know where to start?
Call me at 09063141286 or email contactmactannewtown@gmail.com, more glad to guide you in your way to a successful real estate business and be the next millionaire!

 

 

The Mactan Newtown in a nutshell

There’s something new in Mactan.

The resort city of Lapu-Lapu in the island of Mactan boasts of its crystalline blue waters, buttery sands, luxury resorts, and rich history. This is how Mactan branded itself in the tourism industry. Here you witness the same hot sun, city buzz, and warm hospitality of the Filipinos as elsewhere in the Philippines. But what really sets the bar in Mactan? It’s the soul-stirring experience it can offer to you by its newest five-star hub – The Mactan Newtown.

The Mactan Newtown is the first Township developed by Megaworld Corporation outside Metro Manila with an area of over 30 hectares and a jungle of residential, hotel, office, mall and school buildings that values your Live-Work-Play-Learn lifestyle.

The township is also strategically located only 15 minutes away from the Mactan Cebu International Airport so there’s no more hustle and bustle that will keep you from being on-the-go (talk also about watching airplanes go to and fro!). Aside from that, TMN is also unique from other Megaworld Townships (Newport City, Eastwood City, Forbes Park, McKinley Hill, etc.) for it has its own beachfront known as the Newtown Beach, that will soon be developed into a five-star resort. Experience here the adrenaline-raising water activities like parasailing, water polo, island hopping and much more!

There’s something new in Mactan.

TMN’s Live-Work-Play-Learn concept features its different residential, hotel, office, mall and school projects that complete the notion of a “city within a city.” By residential, it means the condominium projects of TMN. There is the ready for occupancy with the lease to own terms of 8 Newtown Boulevard, the award-winning Asian-inspired project that showcases different Asian-themed amenities like the Onsen Spa, Singaporean infinity pool, Bonsai Garden, Ikebana and Origami rooms, among others. The pre-selling units are from the One Pacific Residences and the One Manchester Place projects – each featuring world-class amenities that cater to your active or family-oriented lifestyle. All units of TMN projects are fully-furnished with a spacious area and unhampered panoramic view of the Mactan and Hilutungan Channel. Owning a condominium at TMN starts for as low as P8,000 per month with a no downpayment option!

By hotels, two luxury hotels will soon rise in The Mactan Newtown, namely the Savoy Hotel and the Belmont Mactan Hotel. Four office towers are also present in the community – with two of them already occupied by two international BPO companies (The Results and Manulife Center).

The township also features the famed seafood haven of Cebu – The Mactan Alfresco – the 500-seater dining hall that offers the sea’s most delectable delights, sugbas (grills) and the world-famous Cebu Lechon. Alfresco is the ultimate destination to be if you wish to bite into Cebu’s unparalleled cuisine.

The next big thing to look forward to in The Mactan Newtown is the Plaza Magellan Mall – the 3-hectare shopping destination of the community that will soon become the landmark mall of the Mactan Island. In Plaza Magellan, history will be showcased as the mall is Hispanic-themed and also features the true-to-life-sized Galeon Victoria, the trireme ship Ferdinand Magellan and his crew used to exploring the Pacific Islands and eventually discovering the island of Limasawa. The mall will open its doors by 2021 – in commemoration of the 5th centennial anniversary of Philippine discovery.

Another thing to open soon in TMN is the Newtown School of Excellence. The school completes the Live-Work-Play-Learn concept of the township that is supervised by the La Sallian academe in both primary and secondary levels.

There’s something new in Mactan.

Now here’s a pitch on why you should invest here: Why should you not? With the current boom of Cebu province in the tourism and urban development, no investment here, especially in Mactan, is not worth it. This is The Mactan Newtown in a nutshell – for all the talk of land development, investments, and great experiences like no other, the heart and soul of this world-class Filipino project is the township’s lifeblood.

Here goes nothing ta-da-da. For more information on The Mactan Newtown and questions on how to invest in this township, contact directly Camille Solas at 0915-852-5685 (Globe) or email camsolas@gmail.com. Welcome to the place to be here where something is new here in Cebu.

 

 

This 30.07 hectare township  will not only spark tourism and job opportunity but will soon rise as the first world-class 30-billion seaside development brought to you by Megaworld Corporation, the leader and pioneer of township living and BPO office landlord in the Philippines. Also, this project is only 10-15 minutes from the Mactan International Airport, soon to be the first resort airport bringing you closer to the world.
 
You deserve a LIVE-WORK-PLAY-LEARN township living.. The first intergrated urban Township
 
Live far from the hustle and bustle of the city since residential mega-projects  showcase picturesque views of Mactan Shrine, Mactan Bay and Hilutunggan Channel
 
          Work  within  PEZA accredited BPO offices and international companies. The township will host Cebu’s next vibrant business hub.
 
                      Play within the recreational amenities, retail and commercial establishments.
 
                                Learn in the Newtown School of Excellence, a state-of-art institution to be supervised by Lasallian Schools Supervision office or Lasso
 
          
              ….by the beach as this is the only township that has its own beach, the Newtown beach to be enjoyed by the residents… 
Own a unit in this pre-selling two-tower mid-rise condominium with family-inspired indoor and outdoor amenities.Turnover is in the 1st quarter of 2020!
(ACTUAL VIEW OF UNIT FROM ONE OF THE PROJECTS)
 
 
All Residences Come with balcony Pre-Furnished and Fully-finished!!
 
Fully Finished and Inclusive of:
 
Split-Type Air-Conditioning unit/s
LCD TV
Home Theater System
Two-Burner Cook Top and Range Hood
Washing Machine/Dryer
Microwave Oven
Refrigerator
Center Table and Sofa Set w/ Throw Pillow
Four-Seater Dining Set
Bed Frame w/ Mattress
Entertainment Cabinet
Accent Chair or Lounge Chair
 
And live with topmost convenient as this condominium is located right across the first lifestyle mall in Cebu, the Plaza Magellan. The Plaza Magellan is a three storey mall having spanish architectural design; celebrating the rich history of Cebu, showcasing the battle between Lapu-lapu Magellan, a new landmark called the Galleon Victoria, a lifesize ship replica of the one used by Magellan will rise.
For more promo & discounts, contact:

Elona Jane Caballero
0935-3877-306
elonajanecaballero@gmail.com

There are lot of condominium properties being offered in Cebu. When I took time to check them out, it derives me to this…

All condos offered are somehow the same. A property with nice amenities accessible to business and commercial sectors.

This observation leads me to be in the shoe of my client.
So I ask myself… if I am the client and my aim is to get a good profit out of the condominium property. Which property will be more appealing to me?

Additional insight that will affect my judgement is what is happening in the island. Cebu infrastructures causes more traffic and creates more hassle to the island. I believe there is a need for Individual developers to synchronize and have a unified plan, may it be guided by a government sector or not that will lead to a better and organized city. This will make Cebu a better place to live in and to do business.

Sad to say, I am asking for a miracle to happen. Hehehe…

From losing hope, things change when I had a chance to go to
Manila. Walking safely in Eastwood and enjoying my dine in one of the nice restaurants in Mckinley hill plus experiencing the terrible traffic of Metro Manila. Combining it all, I see the life I will be living in Cebu 5 years from now.

So I ask myself .. If I am a SMART INVESTOR will I purchase a property the same with the rest, or a property that stands out from the rest?

Accessible to the expanding international airport, this ” Resort City” for sure will attract both locals and foreigners. Having that in mind, the residential property inside a foreigner friendly, well secured , organize, and complete community by the beach, this condominium gives more to what the buyer invest..

With these facts, I am decided but I have to remind myself, I am just a guy who has an ambition ” Ambisyoso”. What I need to ask myself where can I find a ” SMART INVESTOR” or a “VISIONARY INVESTOR”?

Introducing you with  The Mactan Newtown, the first township by the beach living in Cebu!
 
This 30.07-hectare township will not only spark tourism and job opportunity but will soon rise as the first world-class 30-billion seaside development brought to you by Megaworld Corporation, the leader, and pioneer of township living and BPO office landlord in the Philippines. Also, this project is only 10-15 minutes from the Mactan International Airport, soon to be the first resort airport bringing you closer to the world.
 
You deserve an LIVE-WORK-PLAY-LEARN township living… The first integrated urban Township
Live far from the hustle and bustle of the city since residential mega-projects showcase picturesque views of Mactan Shrine, Mactan Bay, and Hilutunggan Channel.
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Floor Plan & Layout
 
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Work ….within  PEZA accredited BPO offices and international companies. The township will host Cebu’s next vibrant business hub.
 
 
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Play…. within the recreational amenities, retail and commercial establishments.
 
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Learn…… in the Newtown School of Excellence, a state-of-art institution to be supervised by Lasallian Schools Supervision office or Lasso
 
 
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 ….by the beach as this is the only township that has its own beach, the Newtown beach to be enjoyed by the residents… 
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Invest in very limited Lease-To-Own Term in the first residential community with all the perks of the beach and convenient lifestyle in8 Newtown Boulevard – the recently awarded best luxury condo in Cebu! READY TO OCCUPY UNIT AVAILABLE!! 
 
Own a unit in this READY FOR OCCUPANCY FOUR -tower mid-rise condominium with JAPANESE-inspired indoor and outdoor amenities.Turnover within 3-6 months!
 
Be touched by luxury as you enjoy a perfectly designed unit. Choose between different unit types, an executive type studio unit for bachelor or those who wants to invest and wants a weekend home
 
 
Heal your heart, mind, and soul with an unobstructed view of the sea…
Wake up every morning with a spectacular view of Sea from your window or balcony to the East
 
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ELONA JANE M. CABALLERO
      PROPERTY SPECIALIST/CONSULTANT
MEGAWORLD CORPORATION – THE MACTAN NEWTOWN
 
                           CONTACT NO: +63-935-3877-306
                     EMAIL: elonajanecaballero@gmail.com

The Mactan Newtown Sales and Information Center,

Mactan Circumferential Road, Lapu-Lapu City,

Mactan Island, Cebu,

Philippines 6015

+63-935-3877-306

Within Cebu, the retirement capital of the country rises a township like no other. A testament that you don’t have to live far from the city to lose touch with nature. The Mactan Newtown, is redefining urban paradise…
This 30.07 hectare township  will not only spark tourism and job opportunity but will soon rise as the first world-class 30-billion seaside development brought to you by Megaworld Corporation, the leader and pioneer of township living and BPO office landlord in the Philippines. Also, this project is only 10-15 minutes from the Mactan International Airport, soon to be the first resort airport bringing you closer to the world.
 
You deserve a LIVE-WORK-PLAY-LEARN township living.. The first intergrated urban Township
 
Live far from the hustle and bustle of the city since residential mega-projects  showcase picturesque views of Mactan Shrine, Mactan Bay and Hilutunggan Channel
 
          Work  within  PEZA accredited BPO offices and international companies. The township will host Cebu’s next vibrant business hub.
 
                      Play within the recreational amenities, retail and commercial establishments.
 
                                Learn in the Newtown School of Excellence, a state-of-art institution to be supervised by Lasallian Schools Supervision office or Lasso
 
          
              ….by the beach as this is the only township that has its own beach, the Newtown beach to be enjoyed by the residents… 
And within this township is a high-end residential community, The ONE MANCHESTER PLACE... 
 
                                  
 
Own a unit in this pre-selling three-tower mid-rise condominium with family-inspired indoor and outdoor amenities.Turnover is on 4th quarter of 2020!

 
This project boast of complete family oriented amenities such as Swimming pool, Kiddie Pool,  Reflexology path, jogging path, dry zen garden, flower garden, Pavilion, playground, reflecting pond, fitness area, taichi deck, reading nook, SPA, gym, daycare, function rooms, business center and clinic.
Be touched by luxury as your enjoy a perfectly designed unit. Choose between different unit types, an executive type studio unit for bachelor or those who wants to invest and wants a weekend home
 


 
 a early nester that needs the convenience of a one bedroom with maids quarter 
 





 
or a family that needs the bigger two bedroom (combined)unit. 
 
Heal your heart, mind and soul with unobstructed view of the sea…

Wake up every morning with a spectacular view of Sea from your window or balcony to the East!!!!!!
 
All Residences Come Pre-Furnished and Fully-finished!!
Fully Finished and Inclusive of:
 
Split-Type Air-Conditioning unit/s
LCD TV
Home Theater System
Two-Burner Cook Top and Range Hood
Washing Machine/Dryer
Microwave Oven
Refrigerator
Center Table and Sofa Set w/ Throw Pillow
Four-Seater Dining Set
Bed Frame w/ Mattress
Entertainment Cabinet
Accent Chair or Lounge Chair
 
And live with topmost convenient as this condominium has  direct access to the first lifestyle mall in Cebu, the Plaza Magellan. The Plaza Magellan is a three storey mall having spanish architectural design; celebrating the rich history of Cebu, showcasing the battle between Lapu-lapu Magellan, a new landmark called the Galleon Victoria, a lifesize ship replica of theone used by Magellan will rise. 

 
AVAIL of our very limited term for as low as Php 8,000.00 per month for Executive unit, Php 10,000 for one bedroom, Php 20,000 for a two bedroom. No downpayment at zero interest!
 
Choose the best prime units now! Unit residents enjoy beach access. Become one of the very few proud unit owners in this most prestigious community!  
 
 


 

      THE MACTAN NEWTOWN !!!

Introducing you with the  The Mactan Newtown, the first township by the beach living in Cebu!

Inline image 1

This 30.07 hectare township  will not only spark tourism and job opportunity but will soon rise as the first world-class 30-billion seaside development brought to you by Megaworld Corporation, the leader and pioneer of township living and BPO office landlord in the Philippines. Also, this project is only 10-15 minutes from the Mactan International Airport, soon to be the first resort airport bringing you closer to the world.
 
You deserve a LIVE-WORK-PLAY-LEARN township living.. The first intergrated urban Township
 
Live far from the hustle and bustle of the city since residential mega-projects  showcase picturesque views of Mactan Shrine, Mactan Bay and Hilutunggan Channel
 
          Work  within  PEZA accredited BPO offices and international companies. The township will host Cebu’s next vibrant business hub.
 
                      Play within the recreational amenities, retail and commercial establishments.
 
                                Learn in the Newtown School of Excellence, a state-of-art institution to be supervised by Lasallian Schools Supervision office or Lasso
 
          
              ….by the beach as this is the only township that has its own beach, theNewtown beach to be enjoyed by the residents… 



Invest in very limited Lease-To-Own Term in the first residential community with all the perks of beach and convenient lifestyle in The 8 newtown Boulevard – the recently awarded best luxury condo in Cebu! READY TO OCCUPY UNIT AVAILABLE!! 
 
(ACTUAL PHOTOS BELOW)
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Own a unit in this READY FOR OCCUPANCY FOUR -tower mid-rise condominium with JAPANESE-inspired indoor and outdoor amenities.Turnover within 3-6 months!
 
Be touched by luxury as your enjoy a perfectly designed unit. Choose between different unit types, an executive type studio unit for bachelor or those who wants to invest and wants a weekend home

Inline image 5

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Inline image 9

Heal your heart, mind and soul with unobstructed view of the sea…
Wake up every morning with a spectacular view of Sea from your window or balcony to the East
 
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Or mesmerizing mountain view and seaview to the North 
 
Inline image 6
(ACTUAL VIEW OF UNIT)
 
 
All Residences Come Pre-Furnished and Fully-finished!!

​​
 
Fully Finished and Inclusive of:
 
Split-Type Air-Conditioning unit/s
LCD TV
Home Theater System
Two-Burner Cook Top and Range Hood
Washing Machine/Dryer
Microwave Oven
Refrigerator
Center Table and Sofa Set w/ Throw Pillow
Four-Seater Dining Set
Bed Frame w/ Mattress
Entertainment Cabinet
Accent Chair or Lounge Chair
 
And live with topmost convenient as this condominium has  direct access to the first lifestyle mall in Cebu, the Plaza Magellan. The Plaza Magellan is a three storey mall having spanish architectural design; celebrating the rich history of Cebu, showcasing the battle between Lapu-lapu Magellan, anew landmark called the Galleon Victoria, a lifesize ship replica of the one used by Magellan will rise. 
 
AVAIL of our LIMITED LEASE-TO-OWN TERM! As low as 10% Downpayment, 10% spread for 24 months and the remaining balance on 25th month! Move in within 3-6 months!
 
Choose the best prime units now! Unit residents enjoy beach access. Become one of the very few proud unit owners in this most prestigious community!  
Inline image 10

ELONA JANE M. CABALLERO
           PROPERTY SPECIALIST/CONSULTANT
 
           MEGAWORLD CORPORATION – THE MACTAN NEWTOWN
 
                           CONTACT NO: 09353877306
                     EMAIL: elonajanecaballero@gmail.com

The Mactan Newtown Sales and Information Center,

Mactan Circumferential Road, Lapu-Lapu City,

Mactan Island, Cebu,

Philippines 6015

Introducing you with the  The Mactan Newtown, the first township by the beach living in Cebu!
This 30.07 hectare township  will not only spark tourism and job opportunity but will soon rise as the first world-class 30-billion seaside development brought to you by Megaworld Corporation, the leader and pioneer of township living and BPO office landlord in the Philippines. Also, this project is only 10-15 minutes from the Mactan International Airport, soon to be the first resort airport bringing you closer to the world.
12239595_937851662961835_5695428275519463085_n
 
You deserve a LIVE-WORK-PLAY-LEARN township living.. The first intergrated urban Township
 
Live far from the hustle and bustle of the city since residential mega-projects  showcase picturesque views of Mactan Shrine, Mactan Bay and Hilutunggan Channel
 
          Work  within  PEZA accredited BPO offices and international companies. The township will host Cebu’s next vibrant business hub.
 
                      Play within the recreational amenities, retail and commercial establishments.
 
                                Learn in the Newtown School of Excellence, a state-of-art institution to be supervised by Lasallian Schools Supervision office or Lasso
 
          
              ….by the beach as this is the only township that has its own beach, the Newtown beach to be enjoyed by the residents… 
Invest in very limited Lease-To-Own Term in the first residential community with all the perks of beach and convenient lifestyle in The 8 newtown Boulevard – the recently awarded best luxury condo in Cebu! READY TO OCCUPY UNIT AVAILABLE!! 
 
(ACTUAL PHOTOS BELOW)

Condominium Cebu Philippines| The Mactan Newtown

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the outside dinning
the outside dinning

 

Own a unit in this READY FOR OCCUPANCY FOUR -tower mid-rise condominium with JAPANESE-inspired indoor and outdoor amenities.Turnover within 3-6 months!
 
Be touched by luxury as your enjoy a perfectly designed unit. Choose between different unit types, an executive type studio unit for bachelor or those who wants to invest and wants a weekend home

 

the lobby
the lobby

175-260x250

145-260x250

lease to own condo in Cebu Mactan Newtown

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Heal your heart, mind and soul with unobstructed view of the sea…
Wake up every morning with a spectacular view of Sea from your window or balcony to the East

All Residences Come Pre-Furnished and Fully-finished!!

 

 
Fully Finished and Inclusive of:
 
Split-Type Air-Conditioning unit/s
LCD TV
Home Theater System
Two-Burner Cook Top and Range Hood
Washing Machine/Dryer
Microwave Oven
Refrigerator
Center Table and Sofa Set w/ Throw Pillow
Four-Seater Dining Set
Bed Frame w/ Mattress
Entertainment Cabinet
Accent Chair or Lounge Chair
 
And live with topmost convenient as this condominium has  direct access to the first lifestyle mall in Cebu, the Plaza Magellan. The Plaza Magellan is a three storey mall having spanish architectural design; celebrating the rich history of Cebu, showcasing the battle between Lapu-lapu Magellan, a new landmark called the Galleon Victoria, a lifesize ship replica of the one used by Magellan will rise. 
 
AVAIL of our LIMITED LEASE-TO-OWN TERM! As low as 10% Downpayment, 10% spread for 24 months and the remaining balance on 25th month! Move in within 3-6 months!
 
Choose the best prime units now! Unit residents enjoy beach access. Become one of the very few proud unit owners in this most prestigious community!  

 

Introducing you with the  The Mactan Newtown, the first township by the beach living in Cebu!
This 30.07 hectare township  will not only spark tourism and job opportunity but will soon rise as the first world-class 30-billion seaside development brought to you by Megaworld Corporation, the leader and pioneer of township living and BPO office landlord in the Philippines. Also, this project is only 10-15 minutes from the Mactan International Airport, soon to be the first resort airport bringing you closer to the world.
 
You deserve a LIVE-WORK-PLAY-LEARN township living.. The first intergrated urban Township
 
Live far from the hustle and bustle of the city since residential mega-projects  showcase picturesque views of Mactan Shrine, Mactan Bay and Hilutunggan Channel
 
          Work  within  PEZA accredited BPO offices and international companies. The township will host Cebu’s next vibrant business hub.
 
                      Play within the recreational amenities, retail and commercial establishments.
 
                                Learn in the Newtown School of Excellence, a state-of-art institution to be supervised by Lasallian Schools Supervision office or Lasso
 
          
              ….by the beach as this is the only township that has its own beach, the Newtown beach to be enjoyed by the residents… 

Invest in very limited Lease-To-Own Term in the first residential community with all the perks of beach and convenient lifestyle in The 8 newtown Boulevard – the recently awarded best luxury condo in Cebu! READY TO OCCUPY UNIT AVAILABLE!! 
                                  
(ACTUAL PHOTOS BELOW)

Displaying TMN nightview.jpg

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The Lobby
The Lobby

d

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194-260x250
Gym in 8 Newtown Boulevard Mactan Cebu
the pool
the pool

Condominium Cebu Philippines| The Mactan Newtown

the outside dinning
the outside dinning

Condominium in Cebu Mactan Newtown Philippines

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All Residences Come Pre-Furnished and Fully-finished!!

 
Fully Finished and Inclusive of:
 
Split-Type Air-Conditioning unit/s
LCD TV
Home Theater System
Two-Burner Cook Top and Range Hood
Washing Machine/Dryer
Microwave Oven
Refrigerator
Center Table and Sofa Set w/ Throw Pillow
Four-Seater Dining Set
Bed Frame w/ Mattress
Entertainment Cabinet
Accent Chair or Lounge Chair
 
And live with topmost convenient as this condominium has  direct access to the first lifestyle mall in Cebu, the Plaza Magellan. The Plaza Magellan is a three storey mall having spanish architectural design; celebrating the rich history of Cebu, showcasing the battle between Lapu-lapu Magellan, a new landmark called the Galleon Victoria, a lifesize ship replica of the one used by Magellan will rise. 
 
AVAIL of our LIMITED LEASE-TO-OWN TERM! As low as 10% Downpayment, 10% spread for 24 months and the remaining balance on 25th month! Move in within 3-6 months!
 
Choose the best prime units now! Unit residents enjoy beach access. Become one of the very few proud unit owners in this most prestigious community!  

FOR MORE INFO:

PLS. CONTACT

111

The Mactan Newtown Sales and Information Center,

Mactan Circumferential Road, Lapu-Lapu City,

Mactan Island, Cebu,

Philippines 6015

032-232-3030

www.themactannewtown.com.ph

 

 

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Once you are an SRRV Visa holder, it opens the door to vast opportunities and benefits. These include:

1.   Option to Retire Permanently

      •   You may live, work and study in the Philippines

2.   Multiple Entry Privileges

      •   You may travel outside the Philippines and re-enter anytime

3.   Exemptions from:

      •   Income tax over your pension and annuities;
•   Exit and re-entry permits of the Bureau of Immigration;
•   Annual registration requirement of the Bureau of Immigration;
•   Customs Duties and Taxes with regard to the importation of household goods and personal effects up to US$7,000.00;
•   Travel tax, if you stay in the Philippines is less than one year from the last entry date; and
•   I-Card

As an SRR Visa holder, the PRA can assist you in obtaining basic documents from other government agencies. These include, but are not limited to:

      •   Alien Employment Permit
•   Driver’s License
•   Tax Exemption/Extension Certificate
•   Tax Identification Number
•   National Bureau of Investigation (NBI) Clearance

The Information Guide to the Special Resident Retiree’s Visa (SRRV) is designed as a detailed reference to assist retiree applicants in understanding the different SRRV Options, the application requirements and process, and the obligations of being a PRA retiree member.

We recommend that you take time to read the Information Guide before you start your application process.

SRRV OPTIONS SRRV SMILE

For Active / Healthy Retirees

SRRV CLASSIC

For Active / Healthy Retirees

SRRV COURTESY / EXPANDED COURTESY 

For Former Filipinos / Diplomats

SRRV HUMAN TOUCH

For Ailing Retirees

Qualified Nationality Any foreign national or alien who is not included in the Excluded Classes under Section 29 of the Immigration Act of 1940.
Age Qualification & Visa Deposits 35 Years Old & Above = US$20,000.00 35 to 49 Years Old  = US$50,000.00

50 years old and Above:

A. With Pension = US$10,000.00

B. Without Pension = US$20,000.00

Former Filipinos:

35 Years old & Above = US$1,500.00

Foreign Nationals:

50 Years old & Above = US$1,500.00

35 Years old & Above = US$10,000.00
Dependents Principal may be joined by dependents (spouse and children)

Spouse – should be of legal age and the legitimate spouse of the Principal applicant.

Child – legitimate or legally adopted child by the Principal, who must be unmarried and below 21 years old.

The visa deposits are for the principal retiree and 2 dependents. An additional visa deposit of US$15,000.00 is needed for each additional dependent, in excess of two. The additional visa deposit is waived for Former Filipino citizens.

Principal may be joined by only one dependent, either by the spouse or by the child.
PRA Designated / Accredited Bank(s) Development Bank of the Philippines (DBP)

Allied Bank, Philippine National Bank (PNB), Banco de Oro (Pacific Star Branch Only),

Bank of China, Korea Exchange Bank, Tong Yang Bank, Unionbank.

Convertibility of Deposits * Must be maintained with the PRA Designated/Accredited Bank and may only be withdrawn upon cancellation of the SRRV or to satisfy end of terms needs or catastrophic obligations. * May be used for investment/s in RFO Real Estate Properties;

* Investment value must be at least US$50,000.00

* May be used for investment/s in RFO Real Estate Properties;

* Investment value must be at least US$50,000.00

* Must be maintained with the PRA Designated/Accredited Bank and may only be withdrawn upon cancellation of the SRRV or to satisfy end of terms needs or catastrophic obligations.
Documentary Requirements * Original of the valid Passport with valid/updated tourist visa in the Philippines (Tourist Visa sponsored by Travel Agency/Tour Operator is NOT allowed);

*  Accomplished PRA Application Form;

*  Original of the Medical Clearance;

*  Original of the Police Clearance from country of origin;

*  NBI Clearance (if applicant has stayed in the Philippines for more than 30 days from last date of entry prior to application of SRRV);

*  Photos (12 pieces of 2″x2″);

*  Proof of Relationship for joining dependents.

Documents obtained/issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy/Consulate.

Additional Documentary Requirements SRRV Classic with Pension

Certficate of Retirement Benefits, equivalent to at least US$800/month (single applicant) or US$1,000/month (couple).

NOTE: Documents obtained / issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy / Consulate.

Former Filipinos

* NSO Birth Certificate or Old Philippine Passport

SRRV Courtesy

* Certificate of Employment stating position and duration of employment

SRRV Expanded Courtesy

* Certificate by the concerned agency/organization pertaining his/her achievement

* Proof of monthly pension or any other similar benefits of at least US$1,000.00

NOTE: Documents obtained / issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy / Consulate.

* Medical Certificate showing pre-existing medical condition;

* Certificate of Retirement Benefits, equivalent to at least US$1,500; and

* Health Insurance Policy acceptable in the Philippines.

NOTE: Documents obtained / issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy / Consulate.

Fees to be Paid upon Joining the Program Application Fee

Principal Applicants  US$1,400

Dependent             US$   300 (each)

Annual Fee (PAF)        US$   360 (covers 3 family members)

* For more than 3 retiree members in a family, an additional PAF of US$100.00 for each additional dependent must be paid.

* Under the SRRV Courtesy/Expanded Courtesy, the PRA Annual Fee of US$360.00 is not applicable. However, in case of more than two dependents, US$10.00 for each dependent must be paid for the issuance of the PRA ID Card.

Obligations of a Retiree Member

* To update the Authority of any changes in contact information (e.g. status name, address, telephone/fax number and email address);

* To secure an Alien Employment Permit (AEP) from the Department of Labor and Employment for purpose of employment in the Philippines;

* To renew the PRA ID Card and pay the PRA Annual Fee of US$360.00. For PRA Members under the SRRV Courtesy pay the Annual Fee of US$10.00 for each retiree member in the family.

 

 


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