1. How much is the Reservation Fee?
Ans.The reservation fee is Php7,500.00.
2. Is the Reservation Fee refundable?
Ans. It is not refundable but it is part of the downpayment.
3. Can buyer upgrade or transfer to another unit with a higher price?
Ans. Yes, provided under same developer. All payments will be credited to the new unit chosen. No penalty or deductions on the previous payments, only transfer fee of 3,000 pesos.
4. When will be the first monthly payment for equity?
Ans. Your first downpayment will start 30 - 45 days after paying the reservation fee.
5. When will be the first monthly payment for amortization?
Ans. The first monthly amortization will start after you have fully paid the net equity.
6.Is there other Hidden charges?.
Ans. There is NO HIDDEN charges. The developer does not charge MOVE-IN fees. Client/Buyer will apply and pay for Water and Meralco connection after house is turned-over and accepted.
7. What are the other expenses will be encounter after the house is turned-over to the buyer/client?
Ans.A. Water Connection - Estimated cost for water connection is Php4,000 - Php5,000.00 (deposit & meter). Timetable is 1-2 weeks from application date. Cost may vary depending on choosen project.
B. Meralco connection - Estimated cost for electrical connection is Php3,000-Php5,000.00 (deposit & meter). Timetable is 3-4 weeks from application date. Cost may vary depending on choosen project.
C. Construction Bond - Is required by the developer only if Buyer construct improvement (fence/balcony/etc) after house is accepted. Estimated amount is Php10,500- or more depending on housing project choosen. This Bond will pay for any damages (should there be any) during construction/improvement period. Bond will be refunded if there is no damage done during construction.
8.How and When the house can be improve?
Ans.Buyer must get outside contractor to do the improvement of their unit. Buyer can only start installation of tiles or improvement after unit is turned-over and accepted.
10.Is the house ready for occupancy?
Ans. it's a Pre-selling unit, the construction of the house will start during the payment of equity. While under construction, minor changes can be requested by the owner from the developer. If ever there are available Ready For Occupancy (RFO) units, full equity must be paid and loan has been taken-out by Pag-ibig before buyer can move-in. Please take note that turn-over unit has only cement finish flooring in all floors. Buyer will shoulder the cost of tiles intallation.
11. How can I apply for a Pag-ibig Housing Loan?
Ans. Developer will handle Pag-ibig processing. Just submit all the required documents.
12. What are the requirements for Pag-ibig Housing Loan?
Ans. If locally employed, here are the requirements
1.) 3 pcs. ID picture 1x1 (applicant)
2.) 2 Valid ID's (if married: husband & wife & Attorney-in-Fact)
4.) Birth Certificate (if single) or Marriage Contract (if Married)
5.) Proof of Billing Address or Certification from Owner if Renting
6.) Payslip (3 months)
7.) MSVS - Membership Status Verification Slip from Pag-ibig)
8.) Pag-ibig Counselling from the Developer
10.) Certificate of Employment with Compensation
12.) Postdated checks: Developer will give a Bank Referral Letter so Buyer can open a checking account. Only Php5,000 needed to open an account.
If OFW - Add these documents:
13.) Passport (Xerox)
14.) Job Contract
15.) Special Power of Attorney duly consularized in place of work
(All requirements must be submitted within 30-60 days from Reservation date)