Build Your Own (BYO)
Save 40% through Build Your Own (BYO)
The "Build Your Own" (BYO) method enables you to build your home at direct cost by minimizing the costs associated with middlemen and government taxes so that you can save up to 40% off the usual price. You are the owner; developer of the project and through First Global BYO Corporation and the development team, you can manage the construction of F1 City Center from start to finish so you can be assured that the project is finished on time and on budget. As an added security, a major bank serves as the depository and disbursement bank so you can rest easy your money is safe.
The Build Your Own (BYO) Method
1. Investor and/or Purchaser - You
2. Government and/or Middleman (NOT APPLICABLE)
You save 40% off the usual price by minimizing government taxes including VAT, transfer tax, inflation, excessive loan interest, high promotional and advertising expenses and price increases in labor and material costs.
3. Depository and Disbursement Bank
All your deposit moneys and installment payments will be deposited with a bank. All payments will be checked by the bank, architect and construction manager to ensure your money is spent directly on the project.
4. BYO Team (First Global BYO Corporation, Architect, Builder, Construction Manager, Engineer, Lawyer and Accountant)
The BYO Team will manage the project on your behalf to ensure it is completed on budget and within three years from the start date. We will look after your best interests and give you the best possible advice at all times.
5. Your F1 City Center unit is delivered to you
Advantages of the BYO Method
BYO Team
The BYO team is led by First Global BYO Corporation, a world-class developer and project manager of multi-million dollar residential and commercial developments, with over 35 years of experience, in countries such as the US, Australia. China, Hong Kong and the Philippines. With this formidable team of experts and advisers, rest assured your project is in good hands.Depository and Disbursement Bank
First Global BYO Corporation has appointed a major bank as its depository and disbursement bank. They will ensure that all the money you invest into the F1 City Center project is safeguarded and will only be spent directly on the construction of your home. Every payment made on the project will be triple checked by the bank, the architect and the construction manager so that the security of your money is absolutely guaranteed.Security On Your Money
All your money Mill be deposited with a major bank so you can be assured that it is secure. If for any reason the project does not push through, all your money will be refunded to you by the bank.Direct Ownership from the Beginning
Through the BYO method, you are the owner and developer of Ft City Center from the beginning until its completion. You are in control of the construction of the building which First Global BYO Corporation will build on your behalf, in conjunction with the rest of the BYO Team. Therefore, you can rest easy knowing that the project will be finished on time and on budget.Fast Delivery
Instead of taking 5-7 years for the building to be finished, F1 City Center will be completed in just 3 years. This will enable you to move into your home sooner or you can rent it out sooner so that you can either earn up to 4 years' worth of rental income or you can save up to 4 years' worth of rent.
Fort Palm Spring - An Outstanding Success
First Global BYO Corporation's other project in the Philippines, Fort Palm Spring, a 32-storey residential tower, was sold out in just 6 months! This was due to the phenomenal demand from both local and overseas buyers who were attracted to Fort Palm Spring's strategic location in the Bonifacio Global City, its quick 2-year turnover period making it so affordable through the Build Your Own (BYO) method. Proven to be successful abroad, the BYO method was introduced to the Philippines through the pioneering efforts of First Global BYO Corporation. This method brings the buyer closer to the project managers and builders, thus minimizing the costs associated with middlemen and government taxes, saving buyers up to 40% off the usual price. This new way of owning a home has become an outstanding success, as proven by Fort Palm Spring.
Real Estate Industry Recognizes the BYO Method
The Philippine Federation of Home and Land Developers' Association (PFHLDA) has recognized First Global BYO Corporation's efforts in introducing the Build Your Own (BYO) method to the Philippines through its Fort Palm Spring project. At the recent annual General meeting of PFHLDA, First Global BYO Corporation was awarded the prestigious "Chairman's Award for Excellence". This award is in recognition of First Global BYO Corporation's outstanding contribution to the country's real estate industry with its introduction of the BYO method. This exciting, new method has made high rise living more affordable and has helped more people achieve their dreams of owning a home.
Major Banks Partner with First Global BYO Corporation
Several major Philippine banks, including Banco De Oro, Bank of Commerce, May Bank, Malayan Bank, RCBC, Security Bank, Metro Bank and LBC Bank have partnered with First Global BYO Corporation to provide flexible financing packages exclusive to F1 City Center clients. These packages feature low interest rates, long payment terms and quick approval times. This special partnership will surely be welcomed by the real estate market as it will make F1 City Center more affordable to more people.