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Saturday, September 16, 2023

Verstappen & Perez Compete In The World’s Cleanest Challenge Ahead Of Singapore Race Weekend





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On their return to Singapore, Oracle Red Bull Racing champions, Max Verstappen and Sergio “Checo” Perez, embraced a uniquely fun challenge. They hopped on motorized cleaning carts, racing on a specially constructed indoor track, in the cleanest race ever, all within the stunning Jewel Changi Airport.

The first part, a mock sprint race, began with an electrifying "Le Mans" style start. Max gained an early advantage by firing up his cleaning cart first. He maintained a solid lead until Checo attempted to take a shortcut that violated track limits, securing Max's victory.

In the subsequent Cleaning Challenge, the drivers navigated an expanded track with obstacles like muddy footprints, dirt, rubbish, and leaves. Max, starting in pole position, maintained his lead throughout the race until an exciting head-to-head battle emerged in the back section of the course. Despite Checo's attempts to overtake him, Max held his ground. During the pit stop, it was clear that Max's vehicle had cleaned more debris. With a significant lead, Max sprinted (albeit slowly) to the finish line, clinching first place in the inaugural World’s Cleanest Race. He was presented with a pre-broken trophy in recognition of his victory by Oracle Red Bull Racing ambassador, Josh Denzel, sparing him the effort of breaking it himself.

“It was great,” stated Checo when asked about the challenge. “When I got to see the cart for the first time, I was shocked with it.”








When asked about the unique nature of today’s event, Max laughed stating, “At this stage, being with the team, I’m quite used to it. They come up with quite a lot of things so this was another one."

Supported by Jewel Changi Airport and the Singapore Tourism Board, there was no better venue to host the event than at the world's best airport, renowned for its autonomous fleet of cleaning robots, offering a stunning backdrop featuring the world's tallest indoor waterfall nestled within the lush indoor forest.

With Singapore as a vibrant backdrop, a city renowned for its diverse culinary culture, captivating attractions, and lush gardens, the beauty of the Lion City and FORMULA 1’s first night street race has always been an attraction for avid racing fans and the Oracle Red Bull Racing drivers, as well.

It’s always good to be in Singapore. It’s an incredible track and the fact that it’s a night race makes it even more special. It is of course a very warm race which can be challenging, so it’s definitely one of the toughest races on the calendar,” said Max.

Checo echoed similar sentiments, adding, “It’s a track that’s really hard on us and the cars. We just have to deliver to the maximum.”

The one-of-a-kind World’s Cleanest challenge, held ahead of the highly anticipated Singapore Grand Prix (15 to 17 September), was just the warm-up the racers favoured before tackling the big one. It’s at the forthcoming night race that Checo hopes to repeat his incredible performance from last year.

“That would be really nice to repeat what we did last year,” said Checo. “I look forward to it, and hopefully we are able to have a tremendous race.”

Max, in particular, is focused on extending his record-breaking streak with a potential first-time victory in Singapore.

“Street circuits always bring a few more challenges but we’ll definitely try,” declared Max. “We have a quick car, but we know that on a street circuit there are a lot of other cars that can be quick as well and the gaps will be very tight. We of course want to win so let’s see what we can do.”

To catch the epic action and the infectious laughter of Max Verstappen and Checo Perez, zoom over to Oracle Red Bull Racing's YouTube channel to watch the World's Cleanest Race in its entirety.

For more information, please visit the official Red Bull Singapore website, its social media pages (TikTok | Instagram | Facebook), and Oracle Red Bull Racing’s official TikTok account.


P.A. Properties unveils SanJos Square Bulacan


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TOP officals of leading property developer P.A. Properties led by its Chairman, Romarico T. Alvarez and Atty. Marianne Reyna Lina-Cruz, P.A. Properties President and CEO recently inaugurated SanJos Square Bulacan, a commercial property poised to reshape the landscape of convenience and community engagement in San Jose Del Monte, Bulacan. The unveiling of this project marked a leap forward in accessible business opportunities and improved quality of life for P.A. Properties residents and homebuyers in the area.

Others in photos (From Left to Right): Ms. Dharlene Zambrano under ACZ Realty, Jonathan Jerusalem, P.A. Properties SVP for Sales and Marketing, Armando de Guzman, P.A. Properties SVP and Executive Assistant to the Board, Jonathan G. Lu, Florlita Tabuzo, SVP for Commercial Business Unit, Diana Romero, VP for Construction, Marwin Laro, AVP for Planning and Engineering, Mr. Anthony Alisuag under AZA Realty.

Leading property developer forays into commercial property development

P.A. Alvarez Properties Development Corporation (P.A. Properties) forays into commercial developments as it fortify its bid to become a total developer of lifestyle oriented development projects.

With the recent inauguration of SanJos Square Bulacan, a commercial property poised to reshape the landscape of convenience and community engagement in San Jose Del Monte, Bulacan. The unveiling of this project marked a leap forward in accessible business opportunities and improved quality of life for P.A. Properties residents and homebuyers in the area.

SanJos Square Bulacan is an expansive 2.8-hectare commercial development, strategically located in front of a 30-hectare Nuvista San Jose Subdivision at Brgy. Sto. Cristo, San Jose Del Monte City, Bulacan. Placed nearby 35 local communities, it stands as a testament of P.A. Properties' unwavering commitment to providing accessible basic necessities and fostering economic growth within local communities.

"Today, as we inaugurate this grand project, we are not merely opening a building; we are unlocking doors of opportunity and progress," said Atty. Marianne Reyna Lina-Cruz, P.A. Properties CEO and President during the launch event. SanJos Square Bulacan aligns with the company's mission to bridge the gap between essential services and convenience in today's fast-paced world.

With a provision of 68 commercial lots, SanJos Square offers a platform for aspiring and established entrepreneurs to flourish. Whether it's a new venture or an expansion of existing businesses, this development provides the ideal location for businesses to thrive. At the heart of SanJos Square also lies the SanJos Market, a wet and dry market that caters to the diverse needs of the nearby communities.

For culinary enthusiasts and food entrepreneurs, SanJos Eats presents a dedicated space designed to showcase gastronomic delights and innovative creations. This space promises to be a hub for culinary experience, attracting food lovers and business connoisseurs alike.

As the doors of SanJos Square Bulacan officially swing open, P.A. Properties reveals a brighter future for residents and entrepreneurs alike. This commercial development embodies the spirit of community and collaboration, promising a better quality of life for all who call this region home.

For more info about our commercial spaces, you may contact Angel at 0919 061 3540 or Mon at 0998 595 9115 or visit our website www.paproperties.com.ph.




About P.A. Properties

Situated in San Pedro, Laguna, P.A. Alvarez Properties and Development Corporation (P.A. Properties) is one of the largest developers of low to medium cost housing communities in Southern Luzon incorporated in 1994. Since then, they have built more than 20,000 housing units across major provinces in the Philippines, with plans to further build additional 20 housing communities within the next 5 years. P.A. Properties is committed to help ease the country’s housing backlog while contributing to the growth of the economy through projects that local government units (LGUs) can effectively utilize, such as donations for the construction of hospitals in Cabuyao; the donation of right of way in Pampanga to support their government civic center; and the establishment of SanJo’s markets in major provinces such as Laguna and Bulacan.


Thursday, September 14, 2023

A Homebuyer’s Guide to Philippine Real Estate Laws and Regulations


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While buying a home is exciting, do not forget the importance of its legal aspects. Navigating relevant real estate laws and regulations is essential to making more informed decisions and safeguarding investments. Lucky for you, we are here to help you out. Let us talk about vital real estate legislation in the Philippines that every homebuyer should know.

 
3 Philippine Real Estate Laws and Regulations

Understanding the following laws thoroughly is crucial for anyone looking to own property in the Philippines.

 
1. Real property tax

Owning real estate in the Philippines means you are subject to real property tax. Local government units (LGUs) annually impose this tax on all properties, including land, buildings, and other structures. Tax rates depend on the property's location, with the Local Government Code of 1991 Section 233 listing them as follows:

· Provinces: <1% of the property's assessed value

· City or municipality within Metro Manila: <2% of the property's assessed value

However, there are some exceptions to this policy. Public properties, cooperatives, charities, churches, and cemeteries, among others, do not have to pay real property taxes.

 
2. The Condominium Act

Are you a foreigner hoping to own a condominium unit in the Philippines? Do not fret—you have every right to do so. The Condominium Act allows non-Filipinos to buy and own condos, provided Filipino citizens comprise 60% of the project's ownership share. In other words, foreign ownership must be in the minority.

This policy is especially beneficial if you are looking to invest in properties within urban areas and central business districts (CBDs).

 
3. The Maceda Law

The Philippine government protects buyers who are paying via installments. The Maceda Law or Realty Installment Buyer Act prevents you from losing your investment due to defaulting or canceling your contract. It grants a grace period of at least 60 days, provided that you have paid at least two years' installments.

Moreover, you can refund a property if you have paid for those two years. Sellers also cannot cancel the contracts due to non-payment of installments.

 
More about Philippine Real Estate Laws and Regulations

When buying a home, it is not only the location, aesthetics, and financial considerations that matter. It is equally important, if not more, to have a thorough understanding of real estate laws. It will help you make more informed decisions about your investment, allowing you to acquire properties without worrying about conflicting with the law.

We have only discussed some essential Philippine real estate laws and regulations. Check out the infographic below to learn more.


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