Land lots in Dumaguete, Negros Oriental

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Dumaguete, officially the City of Dumaguete (Cebuano: Dakbayan sa Dumaguete) or simply Dumaguete City, is a 3rd class city in the province of Negros Oriental, Philippines. According to the 2015 census, it has a population of 131,377 people.It is the capital and most populous city of the province of Negros Oriental. The city is nicknamed The City of Gentle People.Dumaguete is referred to as a university city because of the presence of four universities and a number of other colleges where students of the province converge to enroll for tertiary education. The city is also a popular educational destination for students of surrounding provinces and cities in Visayas and Mindanao. The city is best known for Silliman University, the first Protestant and American university in the country and in Asia. There are also 18 public elementary schools and 8 public high schools. The city's student population is estimated at 45,000.Dumaguete attracts a considerable number of foreign tourists, particularly Europeans, because of easy access from Cebu City in Central Visayas, the availability of beach resorts and dive sites, the attraction of dolphin and whale watching in nearby Bais City. Dumaguete is listed 5th in Forbes Magazine's "7 Best Places to Retire Around the World". The Philippine Retirement Authority a government agency under the Department of Tourism has named the city as the Best Place to Retire in the Philippines for 2018. The power source of the city comes from the geothermal power plant in Palinpinon, Valencia. The city has redundant fiber optic lines and is a focal point for telecommunications. It is the landing point for fiber optic cables linking it to the whole Visayas, Manila (the capital of the nation) and cities south of Luzon, as well as to other cities north of Mindanao. Scholars have been pushing for the city's inclusion in the tentative list of the Philippines for future UNESCO World Heritage Site nomination.

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In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A lot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owner(s) of a lot can be one or more person(s) or another legal entity, such as a company/corporation, organization, government, or trust. A common form of ownership of a lot is called fee simple in some countries. A lot may also be defined as a small area of land that is empty except for pavement or similar improvement. An example would be a parking lot. This article covers lots as parcels of land meant to be owned as units by an owner(s). Like most other types of real estate, lots owned by private parties are subject to a periodic real estate tax payable by the owners to local governments such as a county or municipality. These real estate taxes are based on the assessed value of the real property; additional taxes usually apply to transfer of ownership and property sales. Other fees by government are possible for improvements such as curbs and sidewalks or an impact fee for building a house on a vacant lot.

Source: https://en.wikipedia.org/