Build-To-Own Philippine Condominiums

Build-to-Own Philippine Condominiums

Build-To-Own Philippine condominiums or projects or BTO originated from the concept of Master Architect Gilbert C. Yu, founder & chairman of G&W Project Development Consultants.

The BTO system is the chairman's biggest contribution to the housing and construction industry, after successful real estate developments such as Insular Life Corporate Center, SM in Sucat, Landmark Shopping Mall in Makati, and more.

Architect Yu believes that lowering the prices of decent condominium homes will make it affordable to the emerging new generation that is our hope for the future.

The traditional method of building homes and selling it to buyers is outmoded, inefficient and overpriced. Worse, it offers no protection to the buyer.

With Build-To-Own Philippine condominiums, the middleman developer is eliminated. This therefore substantially reduces the overhead, marketing and executive expenses by as much as 40%. Buyers are given the opportunity to own first-class, real estate property in the likes of Bonifacio Global City condominiums at 40% less than what it would normally cost.

In addition, Build-To-Own Philippine condominiums protect the buyer from diverting his payments to other purposes non-related to his investment. The BTO secures the buyer's deposits directly into a depository bank under the strictest orders of using them only on what it's originally intended for.

Build-To-Own (BTO) projects are the only development in the Philippines that provides a way of protecting homebuyers, through the use of an Escrow Bank.

Due to the high demand for BTO projects which provide GOOD VALUE FOR MONEY for investors and end-users, the Bonifacio Global City has launched several projects already, the latest of which is The Sapphire Residences.

Through Build to Own direct cost, one can save 40% by directly hiring the same construction industry professionals that developers hire to design and build their projects.

BTO projects have significant savings. Since this is a Build-To-Own (BTO) Project, condo buyers will NOT pay for the 12% Value Added Tax (VAT), Documentary Stamps Tax and Transfer Taxes. All these translate to costs savings for the buyer. Other condo projects require you to pay these taxes upon condo turnover. For BTO projects, you will only pay the registration fees and your share in the legal fees for forming the Condominium Corporation.

Another advantage of buying a BTO unit is not having to wait the usual 5-7 years for pre-selling and construction through a middleman developer. This allows the homeowner to move in very much ahead of time.

Aside from cost savings, investors and end-users of BTO projects are rewarded with a high quality condominium development with first-class finishes and quality property management services. All these add up to better property values for your condominium investment.

With the birth of Build-To-Own Philippine condominiums, the real estate industry will never be the same again. Architect Yu's passion to help people wo need houses shouldn't pay too high, nor be made to wait 5-7 years to live in them.

Now that's what building homes is all about.

Interested in BTO condos? Contact us!

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