Ushering a new era of urban living in the Philippines

Federal Land NRE Global Inc. (FNG): Ushering a new era of urban living

The Observatory
  • SEPTEMBER 1, 2023

FNG is the future of Federal Land Inc., says Thomas Mirasol, president of Federal Land, the property arm of the Ty Group’s GT Capital Holdings Inc., in a recent media launch of FNG’s projects.

Indeed, there’s a lot to look forward to as FNG, the formidable partnership between Federal Land and Nomura Real Estate Group, ushers a new era of urban living.

FNG or Federal Land NRE Global Inc. promises to revolutionize urban living with Japanese technology and innovation, says FNG vice-chairman Yusuke Hirano.

The partnership embodies the very spirit of the Ty Group’s founding chair, Dr. George S.K. Ty, a visionary leader known for his pioneering spirit and passion for constant improvement, Mirasol said.

“These values are at the core of our collaboration with FNG, creating a marriage founded on shared values, shared aspirations, and complementary areas of expertise,” he added.

(From left) Yasuhiro Ohira, FNG Senior Management Advisor; Yusuke Hirano, FNG Vice Chairman; and Tom Mirasol, Federal Land Chief Operating Officer and President

Federal Land, Mirasol said, shares the DNA of its parent company, GT Capital.

“Now, Federal Land chairman Alfred V. Ty carries on this legacy and vision as he leads the company toward an exciting new chapter in Federal Land’s journey – a new chapter known as FNG,” he said.

During the launch, FNG officials unveiled the first three projects of the partnership:

Riverpark Cavite: A haven of Japanese inspiration

Located in Cavite, a residential neighborhood within Federal Land’s Riverpark community introduces a Japanese-inspired haven tailored to starting families. Embracing lot sizes ranging from ±300 to 527 sqm, this residential enclave harmonizes the aesthetics of Japanese design with contemporary family requirements.

 

FNG in Riverpark (Cavite) Multi-purpose Room

Met Park Pasay: Contemporary living in the bay area

Met Park Pasay, nestled in the bustling Bay Area, reimagines modern living with a youthful and balanced touch. This mixed-use neighborhood offers a spectrum of unit sizes catering to diverse lifestyles, from compact studio units at ±31 to 32 sqm to spacious three-bedroom penthouses at ±152 to 220 sqm.

 

FNG in Met Park (Pasay) Quiet Lounge

The Observatory Mandaluyong: A contemporary retreat

The Observatory, situated in Mandaluyong City, presents a modern retreat in a strategically advantageous locale, emphasizing convenience and comfort. With unit sizes spanning from compact studios at ±26 to 33 sqm to expansive penthouses at ±155 to202 sqm, this development caters to diverse preferences.

A new lifestyle for Filipinos

In all, FNG is more than a partnership; it is a promise of a new lifestyle, a higher standard of living, and a future defined by quality and excellence.

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Frequently Asked Questions

Find answers to your queries from the categories below.

General Question
Can a foreigner purchase a condominium unit in the Philippines?

Yes, foreigners are allowed to own condominium units in the Philippines, as stated in Section 5 of Republic Act No. 4726, otherwise known as the Condominium Act.

Yes, on the condition that the parent or legal guardian signs the contract on behalf of the minor. Please contact us for more details.

Yes, you can upgrade your purchase. The Developer will first check if the preferred unit is still available. If it is still available, the Buyer will be required to submit a written request. Once the request is approved, a new contract will be drawn up for the upgraded unit.

Yes. The process to downgrade is similar to that of upgrading a unit purchase. However, all expenses incurred by the Developer (commission, incentives, penalties, downgrading fee, etc.) shall be deducted from the Buyer’s original contract price, in favor of the Developer.

What are the available payment terms?

There are several payment terms available – Cash Term, Bank Financing Term, Deferred Cash/Installment Term, and No Down Payment Term. Please contact us for more details as the availability of these payment terms also vary per project.

Yes, you may change or restructure your selected term, but this will also be subject to Management’s approval and we will be charging a minimal processing fee.

Yes, we accept payment in US dollars. The exchange rate shall be based on the date the payment is credited to the Developer’s account.

On or before the due date of the first (1st) monthly amortization, the Buyer is required to submit Postdated Checks for the remaining monthly amortizations (that is, until the end of the payment term).

The developer adheres to provisions as stipulated in Republic Act No. 6552 or the “Realty Installment Buyer Protection Act,” also known as the Maceda Law. This law states that when the Buyer has paid at least two (2) years of installments, the seller/developer shall refund 50% of the total payments made if there is a cancellation on the purchase. For payments less than two years, the provisions as stipulated in the Contract to Sell will prevail.

What do I need to do to officially reserve a Condominium Unit?

Requirements to officially reserve a unit or lot are as follows:

1. Full payment of the Reservation Fee

2. Photocopy of one (1) valid government-issued IDs of Principal Buyer/s and Spouse/s (if applicable). Valid government-issued IDs with photos and signatures:

  • Passport
  • Driver’s License
  • GSIS ID
  • SSS ID
  • Professional Regulatory Commission ID
  • Tax Identification Number ID card
  • Senior Citizen ID
  • Postal ID
  • Photocopy of TIN ID card or BIR validated 1904 form

3. Fully accomplished and signed Reservation Application

4. Fully accomplished Buyer’s Information Sheet. For purchase under a Corporation, the following additional documents are required:

  • Articles of Incorporation and By-Laws (photocopy)
  • Secretary’s Certificate indicating the name of authorized signatory (notarized)
  • BIR-validated 1903 or copy of Certificate of Registration
  • For the authorized signatory to submit items 2 and 3 above

The reservation is valid for thirty (30) calendar days from the settlement of reservation fee. Kindly submit all the required documents to finalize the unit booking.

No, the reservation fee is non-refundable and non-transferrable. As stated in the Reservation Application, the reservation fee will be forfeited in favor of the Developer if no succeeding payments are received.

Will I be allowed to inspect the Unit before the actual turnover?

Yes, the Hand Over Team will coordinate with the Buyer on the schedule of unit inspection.

Yes, the Buyer may assign a representative to accept the unit on his behalf thru a notarized Special Power of Attorney (SPA). The SPA is also required to bring a valid ID plus photocopy.

Yes, you may have your unit leased out.

Monthly Association Dues vary per project, depending on the operating expenses of the building. Association Dues are used to defray the cost of maintaining and operating the building’s common areas and facilities. These costs include administration/management fees, janitorial, security, taxes and licenses, insurances, real estate tax, maintenance of equipment water distribution, garbage collection, maintenance of sewage treatment plant, and other miscellaneous expenses.

The unit turnover will be scheduled when all the following conditions are met:

  • Full payment of the contract price (including penalties and interests, if applicable)
  • Complete submission of all the required sales documents (listed above)
  • Payment of related Advance Registration Charges (ARC).

No, this is not allowed. Buyers are encouraged to either avail of bank financing (with accredited banks) or in-house financing to pay the unit in its entirety.