Frequently Asked Questions

• What is Regalo sa Pamilya?
  Imperial Homes Corporation Vision is to serve the overseas Filipinos and migrants residing all over the world in providing them a good investment for their savings in real estate but also to be able to help them reach out to their relatives and loved ones here in the Philippines who up to now has no roof over their heads. With this array of affordable but quality housing units located in different part of the Philippines, Imperial Homes Corporation is able to offer affordable houses which can be used by their relatives here while they are abroad.
  
  
• Who will own the house and lot in Regalo Sa Pamilya?
  The concept is for the Overseas Filipino buying the property to still keep the ownership of the property in his/her name while letting their loved ones live there while they are still abroad. When they plan to retire, they can also have this rented out for additional income.
  
  
• What is the advantage of owning a low cost quality house in the Regalo Sa Pamilya Program?
  Prices of real estate properties in the Philippines continue to increase in value over the years and will continue to do so due to the increasing population and demand for housing. With your relatives enjoying a free accommodation through the Regalo sa Pamilya and the overseas Filipino generosity, the buyer will be reaping the fruits in the appreciation of the values of these houses and can be one of the sources of rental income in their retirement ages because they are all in good locations.
  
  
• Who is the developer of Regalo Sa Pamilya Housing Projects?
  Imperial Homes Corp., a well-established family corporation is headed by Mrs. Emma M. Imperial as President and CEO. IHC has been in the business for 20 years building affordable houses like its contract with Ayala Group of Companies to provide affordable homes for its many employees. Currently the company has branched out into leisure development and high-end properties which are Lakeside Farms in San Pablo City, Casa California and Imperial Royale Town Homes located in a prime location in Zapote, Las Pinas City.
  
  
• What are the lot sizes and floor area of the available units? How much are the units?
  Mercedez (Single Detached) 50.5 sq.m. floor area and 70 sq.m. lot area.
  Ashley (Single Detached) 36 sq.m. floor area and 70 sq.m. lot area.
  Reina (Single Detached) 30 sq.m. floor area and 70 sq.m. lot area.
  Diana Royale (Duplex) 25.47 sq.m. floor area and 70 sq.m. lot area.
  
  
• What are the features of each of the available unit?
  Each of the units has the following features:
  

  * CPAC Monier tile roofing * Ceramic tiles flooring * With extended kitchen * Space saving cabinets * Landscape frontage

  * Grill works for all windows * Painted Interior and Exterior * Tiled counter in the kitchen * Ceramic tiled walls with borders for bathroom

  
  
• What is the location of Regalo Sa Pamilya Projects?
  Rancho Imperial de Silang is strategically located 30 kilometers from Metro Manila from the South Luzon Express Way via the 6-lane Sta Rosa Basin, and the mountain ranges of Tagaytay. The weather is generally cool and windy. Our other subdivisions that have this program are located in Santo Tomas Batangas, Legazpi City, Albay, Polangui Albay, Ligao Albay, Sorsogon Sorsogon, Pili Camarines Sur, San Fernando Camarines Sur, Labo, Camarines Norte, and Virac, Catanduanes.
  
  
• Are the packages the same prices in other locations?
  The housing packages will be more or less the same. The houses will be the same style and models but the lots will be bigger in the Provinces because land is cheaper compared to developed lots located in CALABARZON area.
  
  
• What is CALABARZON area?
  CALABARZON is the acronym for Cavite, Laguna, Batangas, Rizal and Quezon. This region is the fastest growing region in the Philippines and is very near Metro Manila. The region continues to grow in amazing percentage due to the development of industrial projects, new subdivision projects and commercial malls. This region also is also very accessible to Metro Manila due to its linkage to the skyways and modern superhighways. This region continues to be the number one priority on the list of government in the investment of new infrastructure projects.
  
  
• What is the available financing for the house and lot packages?
  For In-House Financing:
  
  • 30% down payment payable in 6 months with 0 interests. Balance at 5 years at 10% interest or for 10 years at 12 % interest.
    
    
  • 30% down payment payable in 12 months with 10% interest. Balance at 5 years at 10% interest or 10 years at 12% interest.

  The house will be turned over to buyer upon 30% payment of the contract price.

  The above financing terms are Dollar/Sterling/Euro/Singapore$/HKG$ In-House contract. A Peso contract in house financing is available for qualified buyers at an interest rate of 19% for 5 years and 21% interest for 10 years. The Peso contract can also be coursed through local bank financing to get lower interest rate. It is required that after 90 days from date of reservation, a letter of Approval from any local bank be issued in favor of IHC. Upon submission of the letter of approval from bank and completion of 30% down payment and the balance of 70% paid by the bank, the unit will be turned over to buyer.
  
  

• What is the difference a Dollar/Sterling/Euro/Sing$ Denominated and Peso Denominated Contract?
  A Foreign Currency denominated contract is paid in US$ or Sterling or Euro/Sing$ and carry a lower interest rate than a Peso contract. The company (IHC) carries the financing of the contract and will require an authority to have an automatic payment arrangement with a foreign bank for the buyer's monthly payments. A Dollar /Sterling/Euro/Sing $ denominated contract is paid in dollar, Pound Sterling, or Euro and Sing Dollar and carry a 10% interest for 5 years and 12% interest for 10 years.

  A Peso denominated contract is paid in Pesos and carries a 19% interest for 5 years and 21% interest for 10 years.

  Once contract is signed, buyer cannot change from a dollar to a peso contract or vice versa. This protects IHC from any fluctuations of the currencies and other inflationary factors.
  
  

• How can one take advantage of the higher exchange rate for foreign currency in purchasing our homes?
  There are 3 ways when a buyer can take advantage of higher foreign exchange rate:
  
  
  • Buyer Pays Cash. If a buyer buys cash, the foreign exchange current rate is used and the buyer immediately gets the cash discount of 7% if paid within 15 days and a foreign exchange conversion savings or discount * based on the balance in Dollar/Sterling/Euro/Sing$ or any other foreign currency contract price. The international buyers are advised to borrow from their local banks to get the discounts.
    
    
  • Buyers Pays Cash on Balance after paying the 30% Down Payment:
    The buyer pays cash the balance of the Contract Price. The balance will have a foreign exchange conversion savings or discount * based on the dollar, Sterling, Euro, Sing $ if paid in full. The chance to avail of the discount disappears when the balance falls below 70%. There is no discount when the NO DOWNPAYMENT option is chosen.
    
    
  • Buyers applies with Pag-IBIG Fund or any other local funding institution: The buyers can apply through Pag-IBIG Fund or any local institution to take out the balance of the 70% which will also have a foreign exchange conversion savings or discount * on the balance in Dollar/Sterling/Euro/Sing$ or any other foreign currency if paid in full.
  
  * The foreign exchange conversion savings or discount will be computed based on the current foreign exchange rate computation at the time when the balance of not less than 70% of the total contract price is paid in cash or taken out by Pag-IBIG Fund.
  
  
• Is there a schedule for prospective buyers to see the Regalo Sa Pamilya Projects?
  There are ocular visits we call tripping schedules. These are made 7 days in advance to provide enough time for the arrangements of vehicle and guide. For overseas clients, you may arrange the actual site inspection with our representative in your country and they will contact your relative for the tripping
  
  
• Is VAT (value added tax) included in the pricing?
  Yes, it is already included
  
  
• Is there an escrow on our payments and deposits just like the real estate closing in USA?
  The Philippines real estate transactions in Manila do not have title companies that process their sale. Unlike in US, the checking of the veracity of titles or the projects are made either by actual validation with the developer's track record and the Register of Deed on the title and ownership of the lots. Also the Department of Real Estate in USA also almost always mandates all real estate transaction between buyers and brokers to process their transactions with title companies. This is not a regulation in the Philippines that is why there is no title company in the Philippines that does this.

  Buyers too are buying their lots in installment from the developer and therefore will not be able to get their titles from the developer until it is fully paid. Unlike the US counterpart, sales of real estate are done through mortgages through banks and in order that the banks give you loans, banks in USA require that real estate transactions passes through title companies for the checking of the property and ownership is a requirement.
  
  

• Is there any discount if down payment is paid in cash?
  Yes, buyer can get as much as 7% discount from the actual down payment if it is paid within 30 days from reservation
  
  
• Is there a discount if the Total Contract Price is paid in cash?
  For Cash Payment on Total Contract Price:
  Payment within 15 days----- 7% discount
  Payment within 30 days----- 5% discount