Memorial Lot for Sale: Things to Know in Buying Memorial Lot Investment

Last updated May 4, 2019 | Investment

Most people still find talking about death as being morbid and unacceptable.

They would become deeply emotional and easily brush off such conversation.

Unfortunately, death is one of the most inevitable event in our lifetime.

When it happens, it is the loved ones left behind that will shoulder both the emotional and financial costs associated with it.

Fortunately, we can do something about it now and be prepared when it comes.

 

In this blog post, let me help you decide why you need to invest in memorial lots and what you need to know if you are already decided to buy one.

We will also share our own step by step experience in buying pre-need memorial lot investment.

Why Invest in Pre-Need Memorial Lot

Here is an alternative, unconventional and unusual investment: Pre-need Memorial Lot Investment.

Buying Memorial Lots is considered as an alternative investment.

Here are some reasons why you should also consider investing in pre-need memorial lots.

Advantages of Buying Memorial Lot and Why is it a Good Investment

There is always someone who will need to buy a lot.

Reality is death will always be inevitable.

Someone will always be in need to buy a memorial lot especially those that are in At-Need circumstances and weren’t able to buy one beforehand.

Memorial Lot value appreciates over time.

Investing in memorial lots can be rewarding as its value is currently estimated to appreciate by eight percent per year.

The appreciation rate also defeats inflation and bank savings account interest rate.

Here is an example of the old price list. This is in 2015 and 2017 while the 2019 price list is available as you read this post further.

Perpetual Ownership.

Depending on the Memorial Park developer, you can permanently own the real estate property.

Perpetual Care or Maintenance.

Most memorial parks offer this.

You only need to pay once and they will take care of the maintenance of your memorial lot for life.

Can be used as a collateral.

Memorial lots can be used as loan collaterals.

This tangible asset are being accepted by lending institutions as collateral payments.

Term Insurance versus Memorial Lot Investment.

Some people prefer getting term insurance coverage instead of buying memorial lots.

They would reason out that the proceeds that you will be getting from term insurances are already sufficient in buying memorial lots and paying for the internment services when the time comes.

Well, I do not discount the fact that getting term insurance can be a viable alternative but only to a certain degree.

Unfortunately in the Philippines, term insurance coverage is only up to 65 years old.

After that age, you can no longer be covered.

On the other hand, buying a memorial lot now will ensure that you are already covered for life as you own the lot forever.

Also remember that the price of memorial lots tend to increase with time due to scarcity.

So the memorial lot price in the future will surely be much higher than it is now.

Disadvantages of Memorial Lot Investment

Shift from Traditional Burials to Cremation.

Although, majority still favors traditional burials, there is a growing momentum shift from traditional burial practices to cremation.

They consider cremation as an alternative as it tends to be cheaper.

There is a risk of you relocating.

If you buy a memorial lot now, there is a possibility that you will be relocating in the future in a place far from the memorial lot investment.

Memorial Lot for Sale: Things to Know when Buying Memorial Lot Investment

Are you already decided in buying memorial lot investment?

If so, check out the details we have listed below that you might need to know when buying Memorial lot for sale.

Memorial Lots do not have land title – only lot titles.

One key difference with other type of real estate is that memorial lots do not have land titles.

Although, they do have lot titles.

Lot titles specify where the lot is located.

It also includes the lot’s measurements.

Records of lot owners and their corresponding memorial lot details are kept on record by the memorial park’s developer / property manager or by the local government for public cemeteries.

 

Make sure to buy only from legitimate agents or memorial lot owners.

With the internet, it is now much easier to find memorial lot for sale online.

Although, always be vigilant with who you transact with as there are a lot of scammers out there.

Try to look for legitimate memorial lot agents from your chosen memorial park.

 

There are also some memorial lot owners who sell their lots due to several reasons such as change of location or for profit.

If you will be transacting with lot owners, make sure to verify if they are really the true owners of the memorial lot.

 

Memorial Lot prices varies according to their sizes and location.

Prices for memorial lots will surely be high for urban areas as land is pretty much scarce.

Aside from the location, lot size also plays a factor in the price point.

12% VAT applies to Memorial Lot investment.

Memorial lots are also subjected to the 12% Value Added Tax or VAT.

Be sure to include this in your computation.

 

Internment fees are not included in memorial lot purchase.

Internment service or “paghuhukay/paglilibing” has a separate fee from the memorial lot.

Most of internment service already include the grave stone or “lapida.”

Prices also vary depending on the memorial park developers but the last time we checked in the nearest memorial park from our place it is around 32,000 pesos.

Senior citizens have a special rate of around 23,000 pesos.

 

Additional charges for At-Need cases.

Memorial Parks imposes additional charges if you purchase memorial lots during circumstances that “gagamitin mo na yung lot” or “may ililibing na.”

These circumstances are called At-Need cases.

Most memorial park developers also will not give you any discount that they normally provide if it is already for At-Need cases.

You will also be required to pay in full cash days prior to internment.

 

There are other fees that you need to be aware of.

Some memorial parks also have perpetual care or maintenance, administration and transfer fees.

These fees vary depending on the memorial park developers/ owners.

If you are not able to purchase via spot cash, most memorial park developers include additional interest in their installment payment plans.

Make sure to clarify the rates with your lot agents or with the developer prior to paying the initial down payment deposit.

Interest rates can go as high as 20 percent for longer terms.

Carefully plan which payment option best suits you.

 

Memorial Parks and cemeteries are regulated by HLURB.

The government institution that regulates memorial parks and cemeteries is the HLURB.

HLURB stands for Housing and Land Use Regulatory Board.

If you are curious about the implementing rules and policies set by HLURB, check out this link from the HLURB official website [http://hlurb.gov.ph/wp-content/uploads/laws-and-issuances/policies/MemorialParksCemeteries.pdf].

 

Key Site Criteria Policies:

  • Cemeteries or memorial parks shall be located on the periphery of the town center or in areas sparsely inhabited and where little hazard to human life or health could result.
  • The number of cemeteries/memorial parks to be allowed within each municipality/city shall be based on the needs or death rate in the municipality and future catchment areas as well.

 

Taking into consideration these two site criteria policies and the growing Philippines population, we can foresee that prices for memorial lots will continue to rise which is attractive if buying it as an investment.

Our Own Experience Investing in Memorial Lot

It all started when a sales agent in the neighborhood approached us and asked us if we were interested in buying memorial lots.

As we didn’t have any, we entertained the idea.

Actually, one of the primary reason why we were open to the idea was due to the location.

Our subdivision was near the memorial park being offered.

We scheduled a site visit and when that day came, together with the sales agent, we went to the location.

The first stop was the information office at the memorial park.

We had to wait for the onsite personnel as they were still assisting other clients.

They showed us the location of the memorial lots that were available.

They also showed us this price list.

Most of the memorial lots were already sold.

The ones that were left was a set of 8 memorial lots, a twin lawn lot, a single lawn lot and several mausoleum memorial lots.

The mausoleum lots were out of reach for us as it cost millions.

Although we also went to the mausoleum section just to check out the place:

Taking into consideration our budget, we finally settle with the twin lot.

For the signing of contract and payment, we went to a branch office nearby.

They had us fill up and sign their contract form.

For the requirements, they asked for a valid ID and a photocopy of it.

In my case, I provided my UMID/SSS ID.

They also asked for my TIN number.

As we don’t have spot cash ready for the payment, we opted for one year to pay installment plan.

Here is the breakdown of the installment plan.

We issued post-dated checks for the installment payments. Although, you can pay in cash monthly by visiting their branches.

We also paid the initial downpayment in cash.

Here is an image of the Forest Park development plan.

We were told that only the lower portion of the development plan was fully developed.

The other sections are still being built.

For our lot title, we were told that they’ll be issuing it after we have fully paid the remaining balance of the memorial lot.

List of Memorial Parks in the Philippines

If you are wondering what memorial parks are present in your location, we have compiled some of the memorial parks in the Philippines:

Manila Memorial Park

Manila Memorial Park started in 1946 and considered to be a pioneer in the industry. They offer crematorium in the country since August 1985.

  • Contact: (632) 893 8374 to 77 / 813 0176
  • Office hours: Mon: 8:00 am – 5:00 pm, Tue – Fri: 7:00 am – 5:00 pm
  • Facebook: https://www.facebook.com/Manila-Memorial-Park-Inc-120961741306782/
  • Website: https://www.manilamemorial.com
  • Location: Sucat Paranaque, Holycross Novaliches, Dasmariñas Cavite, Plaridel Bulacan, Cebu and Davao

Heritage Memorial Park

Heritage Memorial Park started in February 2001 and opened it’s mortuary and crematory in 2004.

  • Contact: (02) 938 6173 / 0927 766 1911
  • Office hours: Monday to Saturday: 8:00 am – 5:00 pm
  • Facebook: https://www.facebook.com/TheHeritageParkTaguigCity/
  • Website: http://www.heritagememorialpark.com
  • Location: Taguig City

Golden Haven Memorial Park

Golden Haven Memorial Parks was established by the Villar Group of Companies.

  • Contact: (02) 873 29 22 to 23 / (02) 875 25 43
  • Mobile phone: 0999 886 4176 / 0917 586 6434
  • Email address: [email protected]
  • Facebook: https://www.facebook.com/goldenhaveninc
  • Website: http://new.goldenhaven.com.ph/
  • Location: Antipolo, Bauan, Bulacan, Cagayan De Oro, Cebu, General Santos, Iloilo, Las Piñas, Nueva Vizcaya, Pampanga, Sariaya, Zambales, Zamboanga

Forest Lake Memorial Park

Since opening its first memorial park in 1997, Forest Lake is now present in more than 25 locations nationwide with the most number of memorial parks in the Philippines.

  • Location and contact:
    • Binan Laguna: (0998) 961 3808 / (0998) 961 3809
    • San Miguel Bulacan: (044) 762 0915
    • San Ildefonso, Bulacan: (044) 762 1328 / (044) 762 1327 / (044) 762 1258 
    • San Fernando La Union: (072) 888 4611
    • Buang, La Union: (072) 687 1483 / (072) 687 1498 / (072) 687 1495
    • Legazpi, Albay: (052) 480 7593
    • San Sebastian, Tarlac: (045) 628 0139
    • Capas, Tarlac: (045) 324 0346
    • Urdaneta, Pangasinan: (075) 656 0310
    • San Carlos, Pangasinan: (075) 632 6615
    • Mangaldan, Pangasinan: (075) 615 2495 / (075) 615 2521 / (075) 615 2512
    • Pozorrubio, Pangasinan: (075) 524-7762
    • Mandurriao, Iloilo City: (033) 321 2789
    • Hernaez St., Bacolod City: (034) 458 9408 / (034) 458 9412
    • Tumaga, Zamboanga City: (062) 992 4169
    • MAA Bajada, Davao City: (082) 224 5429 / (082) 224 6253 / (082) 224 6249
    • Panacan Bajada, Davao City: (082) 224 5429 / (082) 224 6253 / (082) 224 6249
    • San Pedro, Bajada, Davao City: (082) 224 5429 / (082) 224 6253 / (082) 224 6249
    • Digos City, Davao Del Sur: (082) 272 3938 / (082) 223 6253 / (082) 224 6249
    • Pioneer Ave., General Santos City: (083) 522 9549 / (083) 552 9552 / (083) 301 9388
    • Akuz St., Cagayan de Oro City: (088) 857 2147 / (088) 857 2884 / (088) 857 2883
  • Email address: [email protected]
  • Faceboook: https://www.facebook.com/ForestLakeMemorialParks/
  • Website: https://www.forestlakememorialparks.com

Forest Park – Camarin, Caloocan Memorial Park

Forest Park Perpetual Care Fund is essentially a trust fund designed specifically to answer the lifetime maintenance of and upkeep needs of the park.

  • Contact: (02) 359 2158
  • Mobile phone: (Globe) 0917 531 5501 / (Smart) 0939 928 5300
  • Email address: [email protected]
  • Facebook: https://www.facebook.com/forestparkcaloocan
  • Website: http://forestparkcaloocan.com/
  • Location: Camarin, Caloocan City

Everest Hills Memorial Park

For more than 20 years, Everest Hills Memorial Park, has been a prestigious name in providing a tranquil and peaceful final resting place for our departed loved ones. 

  • Contact: +632 891 5977 / +632 892 9672 / +632 994 5724 (Susana)
  • Mobile phone: +63 917 8802257 / +63 917 8273675
  • Email address:
  • Website: http://everesthillsmemorialpark.com/
  • Location: Susana Heights, Muntinlupa and Mapagong, Laguna

Pryce Gardens Memorial Parks

Pryce Gardens memorial parks help celebrate life and remember love, by reflecting the beauty of nature and eternal peace.

  • Facebook: https://www.facebook.com/prycegardensofficial/
  • Website: http://www.prycegardens.com/
  • Location: Southern Philippines

Glorious Resurrection Memorial Park

Glorious Resurrection Memorial Park (GRMPI) is a first class memorial park located at the heart of Tagum City. Established in 1972, the company is the pioneering memorial park in the city with over 40 years of service excellence. 

  • Contact: (084) 655 9618 / (084) 655 0743 
  • Email address: [email protected]
  • Website: http://gloriousmemorial.com
  • Location: Tagum City, Davao del Norte, Philippines

Heavenly Garden Memorial Park

Incorporated on August 03, 1992, Heavenly Garden Developmet Corporation was initially intended for the members of the Filipino-Chinese communities within the National Capital Region and adjoining provinces but which shall cater also to interested clients in the vicinity.

  • Contact:
    • Main Office: (02) 243 2352 to 55
    • Manila Sales Office: (02) 925 7648
    • Cavite Sales Office: (046) 419 1134 to 35
  • Email address:
  • Facebook: https://www.facebook.com/officialHGMP
  • Website: http://www.heavenlygarden.com.ph
  • Location: Trece Martires City in Cavite

Green Garden Memorial Park IloIlo

Green Garden Memorial Park is owned and managed by Green Garden, Inc. With Over 30 hectares of lush foliage and sprawling greenaries, it is the largest memorial park in IloIlo City.

  • Contact: (02) 507 7110 / (033) 336 3815 / (033) 338 1061 / 503 7110
  • Mobile Phone: +63 933 856 0918 / +63 933 856 0919
  • Email address:
  • Website: http://www.greengardenmemorialpark.com.ph
  • Facebook: https://www.facebook.com/greengardenmemorialparkiloilo/
  • Location: IloIlo City

Ever Memorial Garden Co., Inc.

1992, Ever Memorial Garden, Inc. (EMGCI) is the owner and developer of a 044-hectare memorial park located at the boundaries of Valenzuela City and Meycauayan, Bulacan. Only when the development works accomplishment reached 90% did the company open its doors to accrediting salespersons and accepting sales.

Bicol Memorial Park

Bicol Memorial Park was founded in 1972 by Mr. George F. Gimenez. It was improved and developed by his wife, Mrs. Lilian Gimenez.

  • Contact: (54) 480 8235
  • Mobile phone: +63917 8802257 / +63917 8273675
  • Office hours: Monday – Saturday 9:00 AM – 6:00 PM
  • Email: [email protected]
  • Website: http://bicolmemorialpark.com/
  • Location: Gogon – Bogtong Bypass Road, Legazpi City

Orchard Road Memorial Parks

Since the establishment of  Davao Orchard Road, Inc. in 2002, starting with its flagship project located  in Marfori Heights, Circumferential Road, Davao City, the company  has committed itself in providing excellent service and first rate memorial park development.

  • Location and contact:
    • Orchard Road Davao: (082) 228 6322 or Smart 0919 914 1428 or Globe 0917 704 2217
    • Orchard Road Tagum: (084) 655 9615 or Smart 0999 998 6711 or Sun 0923 721 1833 or Globe 0917 701 5599
    • Orchard Road Malaybalay: Smart  0920 951 4391 or Sun 0925 713 7551 / Globe 0977 852 1344
  • Email address: [email protected]
  • Facebook: https://www.facebook.com/davaoorchardroad
  • Website: https://www.orchardroadmemorialparks.com/
  • Location: Davao City, Tagum City, Malaybalay City, Bukidnon

Grosmar Memorial Garden

Grosmar Memorial Garden, Incorporated acquired its name from a triad of a mother, GREGORIA and her two children, Rosario and Macelino. 

  • Contact: 514 8206
  • Mobile phone: 0995-715-3355 or  0915-009-0075
  • Email address: [email protected]
  • Facebook: https://www.facebook.com/grosmarmandaue
  • Website: http://grosmarmemorial.com
  • Location: Mandaue City, Cebu

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