I. FOR WORKERS WITH REGULAR EMPLOYMENT Persuant to Republic Act 7742 which was fully implemented on January 1, 1995, membership to the Pag-IBIG Fund shall be mandatory for all employees covered by the Social Security System (SSS) and/or the Government Service Insurance System (GSIS) and who are earning at least P4,000.00 a month. This mandatory coverage is also extended to expatriates whose age is up to 60 years old and who are compulsorily covered by the SSS. In the absence of an explicit exemption from SSS coverage the said expatriate, upon assumption of office, shall be compulsorily covered by the Fund. Membership for employees who are earning less than P4,000 a month, including those who belong to other working groups shall be on a voluntary basis. Procedures on the Registration of Employers and it's employees Proceed to the Marketing and Enforcement Division of the concerned branch and request for a copy of the Membership Registration/Remittance Form (MRRF) [FPF060]. Accomplish and submit two (2) copies of the MRRF together with the following supporting documents to the Marketing and Enforcement Division: Members Data Form (MDF) of the employees Certificate of SSS Coverage and Compliance (for the current year), if private employer GSIS Certificate of Membership, if government employer For Sole Proprietorship DTI Registration   Mayor's Permit/ Business Permit For Partnership/Corporation SEC Registration Articles of Partnership/Incorporation and By-laws Notes: The original copy of the documents shall be presented for authentication. Upon submission of complete documents, the Marketing and Enforcement Division shall issue the Payment Order Form (POF). Proceed to the Cash and Administrative Services Division and pay the 1st monthly membership contributions (MC). Upon payment, present the Pag-IBIG Fund Receipt (PFR) to the Marketing and Enforcement Division. Notes: The succeeding remittances shall depend on the following schedule: First Letter of Company Name Remittance Schedule A - D 10th to the 14th day of the month E - L 15th to the 19th day of the month M - Q 20th to the 24th day of the month R - Z 25th to the end of the month For the succeeding remittances, the MRRF may be submitted in diskette. II. INDIVIDUAL-PAYORS/VOLUNTARY MEMBERS Employees who are not regularly employed and who belong to other working groups can join the Pag-IBIG Fund on a voluntary basis. How to join Pag-IBIG: Accomplished and submit two (2) copies of the MDF and all required supporting documents to the Marketing and Enforcement Division of the concerned Pag-IBIG branch office (bring all originals for authentication) Secure Payment Order Form (POF) from Marketing and Enforcement Division and proceed to the Cash Division for payment of initial membership contributions (MC) Present all verified/stamped documents to the Marketing and Enforcement Division. Secure Payment Order Form before proceeding to Cash Division for payment of contribution REQUIREMENTS FOR INDIVIDUAL PAYORS (IP) SELF-PAYING (WAIVED COMPANY) Certificate of Employment & Compensation Latest Payslip Company ID SELF-EMPLOYED Latest ITR OVERSEAS FILIPINO WORKER (OFW) (For Reactivating Members only) Latest Contract of Employment Passport or any valid ID UNEMPLOYED SPOUSE (For Non-Working Spouse) Written consent from member-working spouse Certificate of Employment and Compensation of member-working spouse Affidavit of Unemployment        For member-spouse with business: Latest ITR UNEMPLOYED (For Reactivating Members only) Affidavit of Unemployment

Sy-led SM Development Corp. yesterday unveiled four new projects on top of a project launched just last month, in a bid to become one of the country’s top property firms.

The four new SM property projects are Jazz Residences near Jupiter Road in Makati, Sun Residences beside the Mabuhay Rotunda in Quezon City, Light Residences near Pioneer Street in Mandaluyong and Wind Residences on Emilio Aguinaldo Highway in Tagaytay.

“Our four new offerings affirm the company’s vision of becoming one of the leading residential developers in the country. We will end this year with 12 different offerings for our clients who may choose their homes from the best locations in the Metropolis [to as far as] Tagaytay City,” Roger R. Cabuñag, SM Development president, said.

Jazz Residences, a four-tower condominium which will occupy approximately 25,000 square meters (sq. m.) of land, will be built in four phases and each 41-storey tower will house 1,228 one- and two-bedroom units.

Sun Residences has a total land area of 11,832 sq. m. Two 43-storey towers will rise on the property, with each tower having 1,992 units divided into studio, one- and two-bedroom units.

The third new project, Light Residences, will have three towers, with the first tower having 40 floors offering 1,386 units. Towers two and three will have 39 floors each. The whole project will occupy 19,422 sq. m. of land.

Wind Residences is the only project outside Metro Manila. Located in Tagaytay, the project will occupy 15.45 hectares of land.

It will have 10 20-storey towers, with each tower offering 702 units.

Wind Residences will have a clubhouse, badminton and basketball courts, swimming pools, a children’s playground, and a jogging path, among others.

Last month, the SM property unit launched Princeton Residences on Aurora Boulevard in Quezon City, on top of seven ongoing projects.

SM Development is setting aside a budget of P10.4 billion next year, up from P7 billion spent this year.

Shares in the company tumbled by 1.23% or P0.05 to P4.00 apiece.
Roxas Land in joint venture
In a separate disclosure, the wholly owned property unit of listed Roxas & Co., Inc. has entered into a joint venture with VJ Properties, Inc. for the development of 57,972 sq. m. of property in Tagaytay.

Roxaco Land Corp. said the project would be a “boutique resort-type” residential subdivision with 54 lots, the sizes of which would range from 400 to 700 sq. m.

Roxaco Land’s other projects include the 88-hectare residential beach resort known as Peninsula de Punta Fuego, and the 61-hectare seafront property dubbed Terrazas de Punta Fuego. Both are located in Nasugbu, Batangas. -- KJRL

By Charles E. Buban
Philippine Daily Inquirer
First Posted 19:58:00 12/11/2009

Filed Under: Real Estate, Construction & Property

JERRY RUBIS HAS BIG shoes to fill. As assistant vice president for marketing and training of Suntrust Properties Inc., his company must follow the footsteps of Megaworld Corp. and Empire East Land Holdings Inc.

“We belong to the same group headed by property tycoon Andrew Tan. While Megaworld has a successful track record of building self-contained communities under its pioneering live-work-play-learn concept and Empire East Land Holdings Inc. is making a name in developing and marketing housing projects either in the form of condominium communities or house-and-lot packages, commercial and office space and mixed-use complexes, Suntrust on the other hand, is now aspiring to carve a name as a major provider of uniquely crafted living spaces to low-to-moderate-income Filipino families,” he said.

With 11 projects developed and in the process of developing, Suntrust seems to be making good on its promise.

“Since 1997, Suntrust Properties has created numerous self-sustaining residential communities in Dasmariñas, General Trias and Silang in Cavite. We also have ongoing condominium developments located at the very heart of Metro Manila. By next year, we want to be very aggressive as we have several properties already lined up,” Rubis reported.

Major projects

For example, Suntrust Properties has two major projects being developed in Manila: Suntrust Parkview located on Concepcion Street in Ermita and Suntrust Adriatico Gardens in Malate.

After the successful UN Gardens in Manila, the company decided to embark on similar undertakings within the city: Suntrust Parkview on Concepcion Street, Ermita and Suntrust Adriatico Gardens on Adriatico Street, Malate.

“We also have several upcoming projects outside Metro Manila like the Cybergreens and Cyberville in Dasmariñas, Cavite. Both are technology-themed neighborhoods featuring underground cabling for electricity, telephone and broadband services,” Rubis said.

Empowered

With overseas Filipinos’ remittances to the country expected to hit between $17 billion and P19 billion (P784 billion and P876 billion) next year, Rubis is confident that more and more low- to middle-income families will be more empowered to buy houses they could call their own.

“Despite the US-led global slowdown, there is a continued hiring of Filipino workers overseas especially in the healthcare industry. And with better access by overseas workers and their beneficiaries to money transfer services, money continues to come in, a trend that is expected to intensify through next year,” Rubis said.

According to him, the global healthcare industry is relatively recession-proof and with income steadily coming in, families of these overseas Filipinos are more enthused to shop for new yet affordable homes.

“By combining well-thought-out designs which focus on space saving and functionality features, Suntrust Properties is able to deliver high standard of comfort and style low- to moderate-income Filipino families will definitely appreciate,” he said.

Rubis believes that with Suntrust Properties ready to cover the affordable housing segment, the group of property tycoon Andrew Tan now has one of the most comprehensive coverages on the Philippines’ housing market.