1. How can we see the site?
You can view the project videos, 360 virtual showroom (dressed up model unit) and project site tour here on the website.
Just let me know when you wish to visit the actual showroom and project site. I can meet up with you at your convenient time and location.
2. I talked to an Agent and his computations and prices are different from yours?
Prices and computations are standard across the board for all SMDC sales channels. If you have different computations, I suggest having your salesperson double check this. Before contracts are made, all signed computation sheets go through the SMDC Finance Department to check if they are correct and valid.
3. When is the turnover of the unit?
It depends on preselling projects, because the launching date and turnover date are different per property.
Example:
Gold Residences:
Completion Dates:
September 30, 2024 (Phase 1)
HLURB LS 035186 (Phase 1)
July 31, 2026 (Phase 2)
DHSUD PLS 082 (Phase 2)
Mint Residences:
Completion Dates:
January 31, 2026
DHSUD PLS 091
Joy Residences:
DHSUD PLS Numbers
2021-07-263 (Bldg A) 2021-07-264 (Bldg F)
2021-07-265 (Bldg G) 2021-07-266 (Bldg H)
2021-07-267 (Bldg I) 2021-07-268 (Bldg J)
2021-07-269 (Bldg K) 2021-07-270 (Bldg L)
2022-04-348 (Bldg B, C, D, E, M, N, O)
Completion Dates:
February 2025 (Bldg A, J, K, L)
July 2025 (Bldg F, G, H, I)
July 2026 (Bldg B, C, D, E, M, N, O)
The estimated completion or turn over of the project is 4 to 5 years.
4. Are the tower/building interconnected?
Most of the buildings will be connected at their support level to amenities.
5. How many units can be combined?
A maximum of 5 adjacent units can be combined subject for approval.
6. The unit types I wanted are all Sold Out! Is there a way to still get the unit I want?
Yes. We get the latest updates for reopened units. These are announced a day before they are reopened. Reasons for reopening would be, a unit is released from corporate hold, the original buyer backs out or transfers to a different unit, model units are turned over to inventory, etc. Once a unit reopens, it’s going to be “First Come, First Served with no option to Hold until 12:00 PM” . It is essential that you pretty much know about the unit you are interested in and have your Buyers Information Sheet, Reservation Agreement and the Reservation Fee ready. For Immediate Response and Assistance, Contact Me Directly.
7. Are the walls between each units sound-proofed?
8. Are they Furnished?
Not all projects are fully furnished. Some are fully finished
9. 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).
10. What is the back-up power?
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).
11. How many parking slots can the buyer purchase?
1 is to 1 and must be unit owner
12. What happens if a unit owner does not get a parking slot?
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.
13. Is the balcony part of the residential area?
Yes. The balcony forms part of the residential area. However, putting any unsightly fixtures (e.g. clothesline, cleaning materials, etc.) on the balcony that are visible from the exterior of the building is not allowed.
14. Can a residential unit be used for commercial purposes?
No, all residential units shall be used for residential purposes only.
15. How is the garbage collected?
Each floor has garbage room available from 7am to 7pm
16. Does the project have insurance?
Yes. CARI (Construction All Risk Insurance)
17. Are the unit Perpetual Ownership?
For buyers, yes, it's Perpetual Ownership provided with a Condominium Certificate of Title (CCT).
18. Are condominiums only 50 years?
50 years is not based on the physical structure of the building or building of a project. 50 years is for the operation of a condominium corporation or 50 years of the operating license issued by the government. After 50 years, the condominium corporation's operating license can be renewed to maintain the building. They are called Property Management or caretakers of each building, facilities and amenities. If the majority of unit owners do not want to continue the operating license, there will be a voting election, and an assessment of the buildings. What the majority of condo unit owners decide in the voting election is what the condo corporation will follow.
Note:
The ownership of the condominium is always absolute and perpetual, meaning lifetime ownership is offered by smdc to the unit owner if you can pass it on to your children or it can be inherited.
19. Can a foreign citizen buy a condominium unit in SMDC?
For buyers, yes, it's Perpetual Ownership provided with a Condominium Certificate of Title (CCT).
20. What if the 40% allotted to foreign buyers is sold-out?
They can still buy the remaining 60% under ASSIGNMENT OF RIGHT TO USE (ARTU). This is no longer Perpetual Ownership, so there's no CCT/Title. It is a leasehold with a 50-year contract.
21. Can I add my son/daughter as co-buyer?
Yes. You may add anybody as your co-buyer as long as they are of legal age; 18 years old for females and 21 years old for males.
22. Is it possible to rent out the unit after the turnover?
Yes, if you are still abroad, we will assist and find a tenant to rerent your condo unit if you want to turn your unit into a rental business and generate passive income. And if you plan to sell it in the future, we will also look for buyers.
23. Who will look for tenants when my unit is ready?
You may enroll your unit in SMDC Leasing or SM Prime Key.
24. What are financing options available in SMDC?
Cash Payment, Deferred Cash, Cash or Bank Financing and Pag-Ibig Financing of the loan balance.
25. What are the accredited banks of SMDC?
- BDO
- BPI
- PNB
- Chinabank
- Union Bank
- HSBC, PSBank
- Security Bank
- Robinsons Bank
26. What SMDC projects that are accredited thru pag-ibig financing?
Depending on the borrower's age and capacity to pay;
- 5 years
- 10 years
- 15 years
- 20 years
27. Do you have promos and discounts?
28. How do I make a Reservation?
- You will receive an acknowledgement email or SMS, schedule of payment, and thank you letter from SMDC within 30-45 days from date of reservation.
- You will also receive a hard copy of the Contract To Sell that needs to be signed and notarized.
29. How much is the reservation fee?
Below you'll find the step by step process on how to reserve a SMDC condo unit. Once you successfully reserved a unit, you already secure the unit itself under your name, its current price, discount, and payment term.
STEP 1: Choose & Hold Unit
Choose and hold unit/s you wish to purchase. Request for the updated list of available units. We will hold your chosen unit/s at SMDC Sales Inventory for 5 days. Once on hold, the unit/s cannot be reserved by other clients while you comply for the reservation requirements.
STEP 2: Pay Reservation Fee
SMDC has provide various payment channels so you can safely and easily pay you reservation fee.
Modes of payment for Philippine-based buyers:
- Cash, Current Dated Check, Credit Card
- Bank Deposit (to company’s account)
- Bills Payment at BDO Branch and SM Retail Network (SM Store, SM Hypermarket and Savemore)
Modes of payment for international buyers (OFWs and foreigners):
- Bank Remittance (BDO remit and remittance partners)
- Wire Transfer
- Bills Payment (BDO online, BDO Kabayan Bills Bayad PNB Overseas iRemit)
Step 3 : Submit required documents
Once you paid the reservation fee, you need to fill out and duly sign the following documents:
- Unit Reservation Form
- Buyer’s Information Sheet
- BIR Form 1903 or 2303
Also, you need to provide the following requirements:
- Scanned copy of any 2 valid government issued ID with legible signature
- Proof of paid reservation fee
- Proof of TIN (TIN ID or TIN Number)
- Original Certificate of Employment with position and compensation
30. How to Reserve a SMDC Condo Unit?
31. What will I get after paying the reservation fee?
When you receive your Schedule of Payment. The booking process is 30-45 days from date of reservation.
32. Do you offer a 0% interest?
50 years is not based on the physical structure of the building or building of a project. 50 years is for the operation of a condominium corporation or 50 years of the operating license issued by the government. After 50 years, the condominium corporation's operating license can be renewed to maintain the building. They are called Property Management or caretakers of each building, facilities and amenities. If the majority of unit owners do not want to continue the operating license, there will be a voting election, and an assessment of the buildings. What the majority of condo unit owners decide in the voting election is what the condo corporation will follow.
Note:
The ownership of the condominium is always absolute and perpetual, meaning lifetime ownership is offered by smdc to the unit owner if you can pass it on to your children or it can be inherited.
33. When do I start my monthly downpayment?
- You will receive an acknowledgement email or SMS, schedule of payment, and thank you letter from SMDC within 30-45 days from date of reservation.
- You will also receive a hard copy of the Contract To Sell that needs to be signed and notarized.
34. How long is the downpayment/equity period?
Depending on the borrower's age and capacity to pay;
- 5 years
- 10 years
- 15 years
- 20 years
35. How long is the mortgage payment?
For pre-selling projects:
from 11 months to 70 months-depending on the project.
The downpayment period is usually parallel to construction period.
36. What is the breakdown of other charges (6.50%)?
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.
37. When can a unit Owner move in to their unit?
- 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)
38. What is the purpose of collecting condominium dues from the unit owners?
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.
39. Are there any fees to be collected for using the facilities/amenities in the condominium?
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.
40. Does the Developer assist the client in processing the Bank Financing?
Here are the SMDC accredited banks for which you can avail upon applying a bank condo/housing loan to complete your remaining balance
- Banco De Oro
- China bank
- Bank of the Philippine Islands
- Philippine National Bank
- Security Bank
- Union Bank
- Robinsons Bank
- Maybank
- PS Bank and more…
For your reference, you will be provided of the application form and here are also the lists of the requirements for employed and self-employed clients.
If Employed :
- Application Form
- COE with compensation
- Income Tax Return / 2316
- Valid IDs
- Married Certificate (if married)
- Bank Statements / Payslips
Employed Abroad :
- Proof of Billing on Address (electric bill, water bill, phone bill)
- Photocopy of Passport and working visa
- Certificate of Employment or Letter from Employer supporting employment (OFW)
- Latest 2 successive Payslip if applicable
- Latest ITR if applicable
- Retirement Funding Documents
- Proof of Remittance
If self-employed/ Business :
- Application Form
- Photocopy of Audited financial for the last 2 years with BIR stamp
- Single Proprietorship – Certificate of Business Registration (DTI)
- Bank Statement or photocopy for the last 3 months
- Proof of income
- Lease contract and Copy of title ( for income derived from rental)
- Articles of Incorporation and By-laws
- Company profile
- Photocopy of 2 government issued IDs (signatories) affix 3 specimen signatures
If self-employed abroad/ Business :
- Business Registration Overseas
- Latest 2 year comparative Financial Statements
- Latest Tax Declaration Overseas
- Latest Bank Statement or Certificate of Deposit stating 6 mos.
41. What are the bank loan requirements?
Yes. The buyer just needs to submit all requirements to SMDC within a specified time period to process the loan for the balance prior to the completion of down payment.
