FREQUENTLY ASKED QUESTIONS (FAQ)

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.

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.

Unfortunately, unit owners are not allowed to house or keep pets of any kind, even temporarily.

Unfortunately, all residential units shall be used for residential purposes only.

 

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.

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

Yes. 40% of the total units in a project can be acquired by foreign buyers with Perpetual Ownership.

 

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.

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.

 

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

 

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.

1 is to 1 and must be unit owner.

+/- 1.5 meters.

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

Unfortunately, SMDC only offers Bank Financing. 

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

 

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

 

  • 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)

If you have other concerns, you may contact us directly through the following channels.

1.) Contact Form below
2.) Email Address: [email protected]
3.) Social Media Account – Our Facebook Account
4.) Online Consultation: https://smdcph.com/book-an-online-consultation 

 

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