+63 920 858 4561

nicko@itssmdc.com

FREQUENTLY ASKED QUESTIONS

+/- 2.4 meters - 2.7 meters

Yes. The balcony forms part of the residential area. However, putting any unsightly fixtures (e.g. clothesline, cleaning materials, etc.) in the balcony that are visible from the exterior of the building is not allowed.

  • 1.28% - Registration Fee
  • 1.50% - Doc Stamp Tax BIR
  • 0.75% - Transfer Tax City Treasurer
  • 0.15% - Legal Fees/Notary
  • 1.55% - Water/Meralco Installation
  • 0.27% - Miscellaneous Fee
  • 1.00% - Real Property Tax (1-year)

DOES THE UNIT COMES WITH ELECTRICITY AND WATER CONNECTION?

Yes, units will already have utilities upon turnover. Application cost for water and electricity connection is included in the other charges (miscellaneous fees).

Cash Payment, Deferred Cash, Cash or Bank Financing of the loan balance.

Yes. Buyer just need to submit all requirements to SMDC within a specified time period to process the loan for the balance prior to the completion of downpayment.

BDO, BPI, PNB, Chinabank, Union Bank, HSBC, PSBank, Security Bank, Robinsons Bank

A maximum of 5 adjacent units can be combined subject for approval.

+/- 1.5 meters

Common Area/Hallway: Natural ventilation. Residential Units: Natural ventilation with provision for A/C unit; mechanical ventilation (exhaust ductless) for toilet and bath

Standby Gensets. For Common Area: 100% back-up power - 1 Genset per tower (Residential). For Residential Units: 2 Convenience Outlets + 1 Light (1BR), 2 Convenience Outlets + 1 Light (2BR).

1 is to 1 and must be unit owner

Unit owners who did not purchase parking slots may opt to rent parking slots from SMDC Leasing or from other unit owners who are renting out their parking slots.

With this scenario, the parking slot purchased will also be cancelled.

No, all residential units shall be used for residential purposes only.

For Filipino buyer, yes, it's Perpetual Ownership provided with Condominium Certificate of Title (CCT).

Yes. 40% of the total units in a project can be sold foreign buyer thru Perpetual Ownership (Freehold Ownership).

They can still buy from the remaining 60% under ASSIGNMENT OF RIGHT TO USE (ARTU). This is no longer Perpetual Ownership so there's no CCT/Title. It is leasehold with 50 years contract.

None. Only Contract of Use but it has the same right like other owners since foreign buyer will be assigned as proxy/assignee by SMDC.

ARTU can only transfer the Rights of Use with the remaining unused term from 50 years.

It has 10% upfront discount on top of standard discounts.

Deferred Cash, Spot Cash, Standard DP term but remaining balance is payable in cash.

Shore Series, Fame, Red, Bloom. Other condo project may follow once the 40% cap is reached.

Each floor has garbage room available from 7am to 7pm

May still vary depending on the projected operational cost of the project upon turnover. Estimated amount range from Php 70.00 – Php120.00 per square meter floor area.

Condominium dues are used to pay the following expenses: operating and maintenance expenses of the condominium, insurance premiums, real estate and property taxes of the amenities and common areas, permits and licenses fees paid to the government, other necessary expenses.

Payment of condominium dues will start once the unit has been accepted by the unit owner or deemed accepted based on turnover policy.

The use of facilities and amenities are generally covered by the condominium dues, except for areas identified by the Condominium Corporation (e.g. function rooms, etc.). Such fees will be used to cover maintenance and utility costs.

    Buyers will be allowed to move in after the following conditions are met:

  • Building has been completed.
  • Buyer has met the payment & documentary requirements for move-in.
  • Buyer has signed the Certificate of Acceptance.
  • Buyer has settled the required Working Capital (equivalent to 3 months Condo Dues).
  • Buyer has submitted the filled out move-in forms.
  • Buyer has attended the orientation on the House Rules conducted by the Property Administration.
  • Buyer has submitted all other documents as may be required by the Property Administration.

Most of the buildings will be connected at their support level amenities.

No. Unit owners are not allowed to house or keep pets of any kind, even temporarily.

Standard documents will reflect SM Prime instead of SMDC. All buyer's checks & payments should be made payable to SM Prime Holdings Inc. All official receipts will be issued by SM Prime Holdings Inc. Same procedure applies to Vancouver Lands Inc., 2241 Properties, Inc., Springtown Development Corporation, which are wholly-owned subsidiaries of SM Development Corporation.