Fora
|
Discover the perfect blend of leisure, comfort, and smart investment at Fora Tagaytay. Strategically located at the Rotunda along Aguinaldo Highway, this mid-rise property by Filinvest Land offers a refreshing escape in the heart of Tagaytay’s cool climate and scenic views.
Fora offers fully furnished units managed by Quest Hotel, giving owners a hassle-free experience with 14 free vacation nights per year. When not in use, your unit can earn passive income—making it a property that practically pays for itself. With its prime location, everything is within reach—cafés, restaurants, shopping, and iconic tourist spots. The development boasts hotel-inspired amenities such as a swimming pool, forest walkway, roof deck garden, trade hall, and even an EV charging station. Adjacent to the residential tower is Fora Mall, home to over 250 retail and dining outlets, a hypermarket, and four digital cinemas. Whether you’re after a personal retreat or a smart investment, Fora Tagaytay offers you both—where every day feels like a vacation, and every stay is an opportunity. |
PROJECT DETAILS
Project: Fora Developer: A Townscape by Filinvest No. of Buildings: 2 tower No of Floors: 10 floors Property offering: Condotel Price: starts at 4.6m Turnover: Ready for Occupancy Address: Rotonda Tagaytay Emilo Aguinaldo Highway, Silang Crossing, East, Tagaytay City LS No. 0001566 |
Fora Tagaytay by Filinvest Land
Your Investment. Your Escape.
Welcome to Fora Tagaytay
Discover a lifestyle where every day feels like a vacation at Fora Tagaytay. Located at the bustling Tagaytay Rotunda along Aguinaldo Highway, this thoughtfully master-planned development by Filinvest Land offers a refreshing blend of modern living, scenic nature, and investment potential—perfectly positioned in one of the Philippines’ most iconic leisure destinations.
Fora Tagaytay isn’t just a place to stay—it’s a destination in itself. Whether you’re spending a quiet weekend with family, planning spontaneous getaways, or looking to own a hassle-free income property, Fora gives you the perfect balance of relaxation and return. It’s where comfort meets convenience, and where your investment can work even when you’re away.
Designed with leisure and ease in mind, Fora offers fully serviced, hotel-managed units that give you the freedom to enjoy your space without the stress of daily upkeep. When you're not using your unit, you can turn it into a passive income source through the property's rental program, making it a smart and practical addition to your portfolio.
Best of all, every unit comes with 14 free vacation nights per year—allowing you and your loved ones to enjoy your slice of Tagaytay without additional cost. With just a prior reservation, you’re free to relax, recharge, and relish the cool climate and scenic views the city is known for.
Whether you’re an investor, a frequent vacationer, or someone planning a second home in a peaceful yet connected location, Fora Tagaytay welcomes you to a place where life slows down just enough to enjoy it—without ever missing out on opportunity.
Discover a lifestyle where every day feels like a vacation at Fora Tagaytay. Located at the bustling Tagaytay Rotunda along Aguinaldo Highway, this thoughtfully master-planned development by Filinvest Land offers a refreshing blend of modern living, scenic nature, and investment potential—perfectly positioned in one of the Philippines’ most iconic leisure destinations.
Fora Tagaytay isn’t just a place to stay—it’s a destination in itself. Whether you’re spending a quiet weekend with family, planning spontaneous getaways, or looking to own a hassle-free income property, Fora gives you the perfect balance of relaxation and return. It’s where comfort meets convenience, and where your investment can work even when you’re away.
Designed with leisure and ease in mind, Fora offers fully serviced, hotel-managed units that give you the freedom to enjoy your space without the stress of daily upkeep. When you're not using your unit, you can turn it into a passive income source through the property's rental program, making it a smart and practical addition to your portfolio.
Best of all, every unit comes with 14 free vacation nights per year—allowing you and your loved ones to enjoy your slice of Tagaytay without additional cost. With just a prior reservation, you’re free to relax, recharge, and relish the cool climate and scenic views the city is known for.
Whether you’re an investor, a frequent vacationer, or someone planning a second home in a peaceful yet connected location, Fora Tagaytay welcomes you to a place where life slows down just enough to enjoy it—without ever missing out on opportunity.
Prime Location at the Heart of Tagaytay
|
Fora Tagaytay places you right in the center of convenience and scenic beauty:
|
Why Invest in Fora Tagaytay?
Fora Tagaytay isn’t just a property—it's a worry-free investment that practically pays for itself.
|
✅ Professionally Managed by Quest Hotel
|
Every area is created to support wellness, relaxation, and social connection.
Benefits of Owning at Fora Tagaytay
|
Who Is Fora Tagaytay Perfect For?
|
Imagine This Life…
Wake up to cool mountain air. Have coffee on your balcony with a view. Head down for brunch, shop at the mall, watch a movie, or enjoy a stroll in the forest park. At night, return to your fully serviced unit—cleaned, maintained, and ready to welcome you again.
At Fora Tagaytay, every day feels like a vacation, and every stay is an opportunity.
At Fora Tagaytay, every day feels like a vacation, and every stay is an opportunity.
Available Condotel Units at Fora Tagaytay
Find Your Perfect Space in the Cool Highlands
At Fora Tagaytay, every unit is designed to offer comfort, style, and functionality—making it perfect for both personal use and rental income. Whether you're looking for a cozy retreat or a spacious suite for the family, there's a unit that fits your needs and investment goals.
All units come fully furnished and are professionally managed by Quest Hotel, giving you the convenience of a hotel lifestyle with the benefits of property ownership.
At Fora Tagaytay, every unit is designed to offer comfort, style, and functionality—making it perfect for both personal use and rental income. Whether you're looking for a cozy retreat or a spacious suite for the family, there's a unit that fits your needs and investment goals.
All units come fully furnished and are professionally managed by Quest Hotel, giving you the convenience of a hotel lifestyle with the benefits of property ownership.
Unit Types
|
✔ One-Bedroom Suite (44–54 sqm)
Spacious | Stylish | Ideal for Families or Long Stays ✔ Junior Suite (44 sqm) Versatile | Comfortable | Investment-Ready |
Deluxe Twin (27 sqm)
Practical | Profitable | Popular with Groups Deluxe King (23 sqm) Cozy | Elegant | Perfect for Couples |
Typical Floor and Room Layout
Key Features Across All Units
|
|
Fora Tagaytay – Condotel Package Inclusions
Experience effortless ownership with a fully furnished and equipped condotel unit at Fora Tagaytay. Designed for comfort, convenience, and seamless hotel operations, each unit comes with thoughtfully curated inclusions across furnishings, amenities, and operational systems.
|
🛏️ Standard Hotel Room Furniture & Equipment
Your unit comes move-in and rental-ready with the following essentials:
💻 Operating Systems Efficient systems for hotel operations:
|
🧺 Hotel Supplies
Fully stocked to meet hotel standards:
🏗️ Unit Finishes High-quality interiors ready for use:
|
Amenities and Facilities at Fora Tagaytay
At Fora Tagaytay, comfort and convenience go hand in hand with luxury and leisure. Designed to elevate your lifestyle and enhance your investment, Fora offers a wide range of hotel-inspired amenities and modern facilities that cater to both personal enjoyment and guest satisfaction.
Whether you're staying for a weekend or earning from your unit full-time, these features ensure that every moment spent here is filled with ease, beauty, and relaxation.
Whether you're staying for a weekend or earning from your unit full-time, these features ensure that every moment spent here is filled with ease, beauty, and relaxation.
Leisure & Wellness
|
Swimming Pool
|
EV Charging Station
|
Retail & Lifestyle at Fora Mall
- Connected directly to the residential tower, Fora Mall brings convenience and excitement just steps from your door. This lifestyle hub offers:
- Over 250 dining and retail outlets
- Hypermarket for your daily essentials
- 4 Digital Cinemas for movie nights and entertainment
- Alfresco dining areas with mountain views
- Casual and specialty restaurants, from fast food to local cuisine
- Boutiques and lifestyle stores for shopping and souvenirs
- With over 31,000 sqm of retail space, you’re never far from what you need—or want.
The Forest at Fora
A Nature-Inspired Event Destination
Experience Tagaytay’s natural beauty in The Forest, a beautifully landscaped 4,000-square-meter park perfect for outdoor activities, weddings, or quiet moments.
Experience Tagaytay’s natural beauty in The Forest, a beautifully landscaped 4,000-square-meter park perfect for outdoor activities, weddings, or quiet moments.
- Garden Amphitheater – Host concerts, shows, or open-air events in a scenic natural setting.
- Sculptured seating areas and canopy walks for leisure and relaxation
Business & Events
Trade Hall
- A professional space for meetings, conferences, and private functions—ideal for business travelers or corporate events.
- Fully equipped and ready to host seminars, team-building sessions, or workshops.
Everyday Comfort, Vacation Feel
From relaxing by the pool to watching a movie or dining out—all without leaving the property—Fora Tagaytay ensures that you, your guests, and your renters experience the very best of leisure and lifestyle.
Whether you're here for business or pleasure, Fora’s complete set of amenities guarantees a stay that’s both memorable and rewarding.
Whether you're here for business or pleasure, Fora’s complete set of amenities guarantees a stay that’s both memorable and rewarding.
Frequently Asked Questions (FAQs)
-
BECOMING A FORA CONDOTEL TAGAYTAY INVESTOR
-
ABOUT THE HOTEL OPERATIONS
-
ABOUT THE CONDOTEL INVESTMENT
-
ABOUT THE CONDOTEL INVESTMENT EARNINGS
<
>
1. Who are the companies I will be transacting with as an investor at Fora Condotel Tagaytay?
You will transact with:
2. What permits cover the Fora Condotel Tagaytay investment?
The project is covered by:
a. Development Permits for the condotel project
b. License to Sell covering the sale of the condotel unit
c. SEC Registration / Permit to Sell for the project, covered by The Prospectus Relating to the Offer and Sale of Certificates of Participation in the Quest Hotel Tagaytay project
Reference: The Prospectus, May 2023, page 36
3. What legal documents cover my investment at Fora Condotel Tagaytay?
Your investment is covered by:
a. Contract to Sell (CTS) and Deed of Absolute Sale (DOAS) – For the purchase of the condotel unit
b. The Prospectus relating to the Offer and Sale of Certificates of Participation in the Quest Hotel Tagaytay project (registered with the SEC)
c. Condotel Participation Agreement (CPA) – For the Offer Price paid, making a unit owner a Certificate Holder participating in the Fora Condotel project (SEC-approved)
Reference: The Prospectus, May 2023, page 47
4. What is covered by the Prospectus?
The Prospectus contains all material information relating to the Issuer, its affiliates and subsidiaries, and its offer and sale of Certificates of Participation, as required by applicable Philippine laws.
Reference: The Prospectus, May 2023, page 4
5. What is covered by the Condotel Participation Agreement (CPA)?
The CPA includes:
6. How long will my unit be enrolled in the Fora Condotel Tagaytay operations?
The condotel project and its Certificates have a 25-year term, from the SEC Permit to Sell in 2023 until 2048.
The term may be renewed or extended for a similar or shorter period, at the sole option of the Issuer.
Reference: The Prospectus, May 2023, pages 21–22
7. How do I become a Fora Condotel Tagaytay investor?
To become an investor:
a. Purchase a condotel unit from FLI and pay the Fit-out Fee
b. Become a registered Certificate Holder by:
8. What amounts do I need to pay to become an investor?
You will need to pay:
a. Condotel Unit Total Contract Price (TCP) – Based on FLI’s official price list
b. Fit-out Fee – Based on unit-specific rates in the Prospectus
c. Joining Fee – Based on unit-specific rates in the Prospectus
Reference: The Prospectus, May 2023, pages 12–13
9. Can the terms and conditions in the CPA change without prior notice?
No. Any changes to the CPA require:
10. Can I issue payment to just one company covering all required fees?
Payments must be made separately:
You will transact with:
- Filinvest Land, Inc. (FLI) – For the condotel unit purchase
- Fora Services, Inc. (FOSI) – For the condotel operations
2. What permits cover the Fora Condotel Tagaytay investment?
The project is covered by:
a. Development Permits for the condotel project
b. License to Sell covering the sale of the condotel unit
c. SEC Registration / Permit to Sell for the project, covered by The Prospectus Relating to the Offer and Sale of Certificates of Participation in the Quest Hotel Tagaytay project
Reference: The Prospectus, May 2023, page 36
3. What legal documents cover my investment at Fora Condotel Tagaytay?
Your investment is covered by:
a. Contract to Sell (CTS) and Deed of Absolute Sale (DOAS) – For the purchase of the condotel unit
b. The Prospectus relating to the Offer and Sale of Certificates of Participation in the Quest Hotel Tagaytay project (registered with the SEC)
c. Condotel Participation Agreement (CPA) – For the Offer Price paid, making a unit owner a Certificate Holder participating in the Fora Condotel project (SEC-approved)
Reference: The Prospectus, May 2023, page 47
4. What is covered by the Prospectus?
The Prospectus contains all material information relating to the Issuer, its affiliates and subsidiaries, and its offer and sale of Certificates of Participation, as required by applicable Philippine laws.
Reference: The Prospectus, May 2023, page 4
5. What is covered by the Condotel Participation Agreement (CPA)?
The CPA includes:
- Terms for enrollment and management of the Condotel Participation Pool
- Rights and obligations of the Participant and the Issuer
- Manner of distribution of Condotel Participation Income (if any)
- Room Use Privileges
- Other legal and miscellaneous provisions
6. How long will my unit be enrolled in the Fora Condotel Tagaytay operations?
The condotel project and its Certificates have a 25-year term, from the SEC Permit to Sell in 2023 until 2048.
The term may be renewed or extended for a similar or shorter period, at the sole option of the Issuer.
Reference: The Prospectus, May 2023, pages 21–22
7. How do I become a Fora Condotel Tagaytay investor?
To become an investor:
a. Purchase a condotel unit from FLI and pay the Fit-out Fee
b. Become a registered Certificate Holder by:
- Paying the Joining/Participation Fee
- Executing the Condotel Participation Agreement (CPA) with FOSI
8. What amounts do I need to pay to become an investor?
You will need to pay:
a. Condotel Unit Total Contract Price (TCP) – Based on FLI’s official price list
b. Fit-out Fee – Based on unit-specific rates in the Prospectus
c. Joining Fee – Based on unit-specific rates in the Prospectus
Reference: The Prospectus, May 2023, pages 12–13
9. Can the terms and conditions in the CPA change without prior notice?
No. Any changes to the CPA require:
- Review and approval by the SEC
- Proper communication to all investors
10. Can I issue payment to just one company covering all required fees?
Payments must be made separately:
- Payments related to the developer should be made to Filinvest Land, Inc. (FLI)
- Other fees must be paid directly to the respective company handling the transaction
1. How is Quest Hotel Tagaytay related to the companies I am transacting with in this condotel project?
Fora Services, Inc. (FOSI) operates and manages the Fora Condotel project under the business name Quest Hotel Tagaytay.
FOSI has engaged Chroma Hospitality, Inc., owner of the Quest Hotel brand, as the full-service hotel management company for the project.
2. Do I have the option not to enroll my condotel unit in the participation pool?
No. Upon purchase of the unit, the buyer is obligated to contribute the use of the unit to the Condotel Project, which will be operated by Quest Hotel Tagaytay.
Enrollment in the participation pool is a condition of sale imposed by the developer.
3. Can I use my condotel unit anytime through the Room Use Privilege?
Is it free?Certificate Holders are entitled to up to 14 room nights per calendar year, subject to the terms and conditions stated in the Prospectus.
Room Use Privilege will be reduced proportionately if the condotel is forced to temporarily close during the year.
Reference: The Prospectus, May 2023, pages 15 and 32
4. What happens if the hotel needs renovation? Will I need to pay additional amounts?
Yes. A Special Assessment may be levied by the Issuer to cover:
5. Are there other expenses I may need to cover once my unit is enrolled?
Yes. Over time, the condotel’s assets may deteriorate and require replacement:
If there is a funding shortfall:
6. Are the expense and income estimates guaranteed?
No. The company does not guarantee the accuracy, completeness, or realization of projections shown in the Prospectus.
These estimates are based on:
7. What are my accountabilities as an investor when enrolled in Quest Hotel operations?
The hotel operator is responsible for managing operational risks, including:
Fora Services, Inc. (FOSI) operates and manages the Fora Condotel project under the business name Quest Hotel Tagaytay.
FOSI has engaged Chroma Hospitality, Inc., owner of the Quest Hotel brand, as the full-service hotel management company for the project.
2. Do I have the option not to enroll my condotel unit in the participation pool?
No. Upon purchase of the unit, the buyer is obligated to contribute the use of the unit to the Condotel Project, which will be operated by Quest Hotel Tagaytay.
Enrollment in the participation pool is a condition of sale imposed by the developer.
3. Can I use my condotel unit anytime through the Room Use Privilege?
Is it free?Certificate Holders are entitled to up to 14 room nights per calendar year, subject to the terms and conditions stated in the Prospectus.
Room Use Privilege will be reduced proportionately if the condotel is forced to temporarily close during the year.
Reference: The Prospectus, May 2023, pages 15 and 32
4. What happens if the hotel needs renovation? Will I need to pay additional amounts?
Yes. A Special Assessment may be levied by the Issuer to cover:
- Major renovations
- Improvements
- Upgrades to the Condotel
- The Special Assessment is separate from the Joining Fee.
- It will not be repaid upon expiration of the Condotel Project term.
5. Are there other expenses I may need to cover once my unit is enrolled?
Yes. Over time, the condotel’s assets may deteriorate and require replacement:
- Operating assets: typically every 1–3 years
- Amenities, facilities, furniture, fixtures, and equipment (FF&E): typically every 5–10 years or as needed
If there is a funding shortfall:
- The Issuer may secure additional funding
- The cost may form part of Condotel Expenses or Special Assessments
- These may be collected from Certificate Holders
6. Are the expense and income estimates guaranteed?
No. The company does not guarantee the accuracy, completeness, or realization of projections shown in the Prospectus.
These estimates are based on:
- Market data
- Industry forecasts
- Internal and external sources
- Review agreements thoroughly
- Exercise independent commercial judgment
7. What are my accountabilities as an investor when enrolled in Quest Hotel operations?
The hotel operator is responsible for managing operational risks, including:
- Business risks
- Regulatory risks
- Market risks
- Legal risks
- Labor-related risks
- Third-party transactions
- Your returns may be affected by these operational risks
- Financial performance depends on the overall success and stability of the condotel operations
1. Who can apply as an investor?
The investment is open to all qualified investors, with no stated limitations.
Reference: The Prospectus, May 2023
2. What are the eligibility and documentary requirements to become a Certificate Holder?
To be eligible, a Unit Owner must:
a. Pay at least 20% of the Unit’s purchase price to the Developer
b. Pay the Fit-Out Fee in full
c. Pay the Joining Fee in full
d. Execute a Condotel Participation Agreement (CPA)
In case of sale or transfer of the Certificate of Participation together with the unit, the following must be submitted/complied with:
3. What will I receive as an investor? (Entitlements)
As a Certificate Holder, you are entitled to:
4. What are the fees involved? What are the payment terms?
Fees Required:
a. At least 20% of the Unit’s purchase price
b. Full payment of the Fit-Out Fee
c. Full payment of the Joining Fee
d. Payment of Administrative Fee (if applicable)
Payment Date for Participation Income:The last Friday of May (or the next business day if it falls on a holiday), following the calendar year in which the Distributable Participation Interest was earned.
Reference: The Prospectus, May 2023, pages 11, 12, and 14
5. Can the Fit-Out Fee be included in the Total Contract Price (TCP) and reflected in one Statement of Account?
This may be applied to identified unsold units currently registered under Filinvest Land, Inc. (FLI), subject to approval.
6. What are my obligations as an investor?
Participants agree to:
Reference: FOSI CPA, May 2023, pages 9–10
7. What happens in case of default in unit purchase payments or failure to fulfill CPA obligations?
A material breach or cancellation of related agreements (such as the Contract to Sell) may result in:
Reference: FOSI CPA, May 2023, pages 13–14
8. For units purchased through bank financing, what happens in case of forfeiture?
If forfeiture occurs, the terms and conditions stated in the following documents will apply:
9. How does the Prospectus differ from the CPA? How does the CPA differ from the CTS?
Prospectus
Provides comprehensive information about:
Condotel Participation Agreement (CPA)A binding agreement between FOSI and the Unit Owner that covers:
The investment is open to all qualified investors, with no stated limitations.
Reference: The Prospectus, May 2023
2. What are the eligibility and documentary requirements to become a Certificate Holder?
To be eligible, a Unit Owner must:
a. Pay at least 20% of the Unit’s purchase price to the Developer
b. Pay the Fit-Out Fee in full
c. Pay the Joining Fee in full
d. Execute a Condotel Participation Agreement (CPA)
In case of sale or transfer of the Certificate of Participation together with the unit, the following must be submitted/complied with:
- Certificate Authorizing Registration (CAR) issued by the BIR or Condominium Certificate of Title issued by the Register of Deeds in the name of the transferee
- Payment of Administrative Fee
- Waiver of Right of First Refusal issued by the Developer
- Surrender of the original Certificate of Participation
3. What will I receive as an investor? (Entitlements)
As a Certificate Holder, you are entitled to:
- Participation Income
- Participation Interest Rate
- Room Nights Contribution Ratio
- Room Use Privilege
- Rights, Obligations, Representations, and Warranties of the Participant
4. What are the fees involved? What are the payment terms?
Fees Required:
a. At least 20% of the Unit’s purchase price
b. Full payment of the Fit-Out Fee
c. Full payment of the Joining Fee
d. Payment of Administrative Fee (if applicable)
Payment Date for Participation Income:The last Friday of May (or the next business day if it falls on a holiday), following the calendar year in which the Distributable Participation Interest was earned.
Reference: The Prospectus, May 2023, pages 11, 12, and 14
5. Can the Fit-Out Fee be included in the Total Contract Price (TCP) and reflected in one Statement of Account?
This may be applied to identified unsold units currently registered under Filinvest Land, Inc. (FLI), subject to approval.
6. What are my obligations as an investor?
Participants agree to:
- Contribute their unit to the Condotel Project
- Share in participation interest
- Comply with annual room use privileges
- Remain responsible for all ownership-related expenses (purchase costs and fees)
Reference: FOSI CPA, May 2023, pages 9–10
7. What happens in case of default in unit purchase payments or failure to fulfill CPA obligations?
A material breach or cancellation of related agreements (such as the Contract to Sell) may result in:
- Termination of the Participation Agreement
- Reversion of the Final Share in Participation Interest to FLI
Reference: FOSI CPA, May 2023, pages 13–14
8. For units purchased through bank financing, what happens in case of forfeiture?
If forfeiture occurs, the terms and conditions stated in the following documents will apply:
- Contract to Sell
- Condotel Development Agreement
- Master Deed
9. How does the Prospectus differ from the CPA? How does the CPA differ from the CTS?
Prospectus
Provides comprehensive information about:
- The overall Condotel Project
- Investment risks
- Market conditions
- Financial projections
- General project terms
Condotel Participation Agreement (CPA)A binding agreement between FOSI and the Unit Owner that covers:
- Participation in the rental pool
- Management terms
- Operational conditions
- Rights and obligations of the Participant
- Purchase terms
- Price
- Payment structure
- Ownership transfer
1. Who will pay for the maintenance, repair, or renovation of the unit?
Major renovations, improvements, or upgrades to the Condotel may be covered through a Special Assessment levied by the Issuer on Certificate Holders in their capacity as Unit Owners.
Important notes:
2. Who is responsible for Real Property Tax (RPT) and related expenses?
Certificate Holders, as Unit Owners, are responsible for:
If the Final Share in Participation Interest is insufficient to cover these obligations:
3. How will the annual distributable Participation Income be given to Certificate Holders?
The annual distribution is based on the Condotel Project’s positive income generation, considering:
4. Is transfer of the Certificate of Participation allowed?
Yes, transfer is allowed, subject to the following conditions:
5. What happens at the end of the Condotel Project term?
At the end of the Condotel Project term:
Major renovations, improvements, or upgrades to the Condotel may be covered through a Special Assessment levied by the Issuer on Certificate Holders in their capacity as Unit Owners.
Important notes:
- The Special Assessment is separate from the Joining Fee.
- It is not refundable upon expiration of the Condotel Project term.
2. Who is responsible for Real Property Tax (RPT) and related expenses?
Certificate Holders, as Unit Owners, are responsible for:
- Real Property Taxes (RPT)
- All-risk insurance
- Service fees related to processing these expenses
- Any applicable Special Assessments
If the Final Share in Participation Interest is insufficient to cover these obligations:
- The Unit Owner must pay the balance from personal funds
- Interest or penalties due to late or non-payment will also be the Unit Owner’s responsibility
- The Issuer’s financial condition
- The Condotel Project
- The value and condition of the unit
3. How will the annual distributable Participation Income be given to Certificate Holders?
The annual distribution is based on the Condotel Project’s positive income generation, considering:
- Market and political conditions
- Hotel occupancy rates
- Overall financial performance of the Project
- Determined based on the prior year’s performance
- Remitted by Fora Services, Inc. (FOSI)
- Paid on or before the Payment Date following the calendar year in which it was earned
4. Is transfer of the Certificate of Participation allowed?
Yes, transfer is allowed, subject to the following conditions:
- The Unit Owner must notify the Developer and the Issuer in writing prior to sale
- The Developer has the Right of First Refusal over the Condotel Unit and Certificate
- Transfers not following the proper process will not be registered
- Subsequent Certificate Holders must pay an Administrative Fee
5. What happens at the end of the Condotel Project term?
At the end of the Condotel Project term:
- The Joining Fee (booked as a liability) will be returned to Certificate Holders without interest
- An amount equivalent to the Offer Price paid for the Certificate by the initial Unit Owner will also be returned
Vicinity Map
Discover what makes Fora Tagaytay a standout investment.
Send us your inquiry and we’ll share everything you need to know.
|
|
|








