FAQs

1. Turnover period?
1. Turnover period?
- For a lot with a warehouse, it will take 1 ½ to 2 years.
- For lot only, 1 year at most.
2. Who will shoulder the taxes?
2. Who will shoulder the taxes?
- We will pay for the Capital Gains Tax (CGT) equivalent to 6% of the selling price on the Deed
of Sale or the zonal value, whichever is higher. (Withholding tax, since we are a corporation)
- The buyer will pay for the cost of registration (Documentary Stamp Tax-1.5% of the selling
price or zonal value or fair market value, whichever is higher; Transfer Tax-0.5% of the selling
price or zonal value or fair market value, whichever is higher; Registration Fee-0.25% of the
selling price or zonal value or fair market value, whichever is higher)
3. Are we open for banking?
3. Are we open for banking?
- We are open for bank financing, China Bank.
4. Is the price still negotiable?
4. Is the price still negotiable?
- For this matter, we are going to invite the client to the office, so that, the General Manager
can talk to them about the pricing.
5. Distance from the Industrial Park to the nearest port?
5. Distance from the Industrial Park to the nearest port?
- The nearest port is the Manila Port with approximately 1-hour drive (app. 50KM)
6. Do we have standard rules in the construction of warehouses if the client will only buy a lot?
6. Do we have standard rules in the construction of warehouses if the client will only buy a lot?
- The client can only buy a lot. They can also build their warehouses by their own choice of
contractors. However, the standard height of the warehouse is at least 8 meters in height,
the engineers will provide other details about it.
7. Terms of Payment
7. Terms of Payment
- We will send the T&C for JIP Pulilan.
8. Accessibility of the area
8. Accessibility of the area
- The JIP Pulilan is very accessible. The area is only a 5-minute drive to NLEX Pulilan Exit. 1-
hour drive from NAIA.45-minute drive from Clark International Airport. 30-minute drive to
New Manila Airport. Along Pulilan-Baliuag Bypass Road.
2024-02-06