Vol. XXI, No. 152 { Business World Online ]
Tuesday, March 04, 2008 | MANILA, PHILIPPINES
Let’s Talk Tax
By Senen M. Quizon
The trend in residential property development in recent years has turned to the construction of high-density, high-rise vertical condominium structures, as evidenced by the wave of condominium developments that has been sprouting all over the metropolis.
This trend is expected to continue in the coming years as urban population rises and scarcity of available land for residential homes becomes more pronounced.
As demand continues to push prices of condominium properties upward, the emphasis on cost and quality becomes an increasingly important consideration for condominium unit buyers.
A tax-efficient and innovative way to condominium ownership which could provide the answer to this demand for high-quality and affordable commercial and residential condominiums is the Build-To-Own (BTO) scheme.> > > [ read more ]
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