How is a Condominium Project different from other types of residential or commercial villages?

  • Ownership of Condominium Units is conveyed through a Condominium Certificate of Transfer (CCT), unlike the lots and houses in the other villages of the Township which are conveyed using the Transfer of Certificate Title (TCT).
  • Condominium Unit owners buy into a Condominium Corporation. The owners of condominium units become automatic stockholders of the Condominium Corporation which shall be duly registered with the Housing and Land Use Regulatory Board (HLURB).
  • As with all Corporations in the Philippines, foreigners could directly own up to Forty Percent (40%) of the corporation.