Frequently Asked Questions

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Preselling condominiums are units offered for sale before the project's completion. Buyers may be able to select from available units and access payment terms or promotional offers applicable at the time of purchase.

A condominium does not automatically expire after 50 years. Condominium ownership and the rights of unit owners are governed by applicable Philippine laws, the condominium corporation's governing documents, and the specific project documents. For questions about a particular property, please consult the developer or a qualified legal professional.

Not necessarily. The payment structure depends on the project, unit and applicable payment terms. Buyers may have different options, which may include developer payment terms followed by bank financing or other available arrangements. Your financing requirements and schedule should be reviewed based on the specific unit and payment plan.

The requirements may vary depending on the project, buyer and transaction. The following are commonly requested documents for a reservation:

1. Signed request for reservation and offer to purchase form

2. Buyer's information sheet

3. Specimen signature form

4. Two valid government-issued identification cards

5. Proof of payment for the reservation fee (Cash, Cheque, or Credit card)

Yes. Foreign nationals may own condominium units in the Philippines, subject to applicable Philippine laws and the foreign-ownership limits applicable to the condominium project. Availability may also depend on the project's current ownership allocation. Please contact Lawrence Villaverde to confirm eligibility and availability for a specific development.

Yes, buyers residing abroad may be able to purchase a condominium unit in the Philippines, subject to the buyer's eligibility and the developer's requirements. The reservation and documentation process may be completed remotely. Please contact Lawrence Villaverde to discuss the requirements and available options for your situation.

Bank mortgage terms vary depending on the lender, borrower's qualifications, age, property and applicable loan program. Some Philippine banks offer long-term housing loans, but the available term and maximum loan amount are determined by the individual lender. Please check directly with your preferred bank for the current terms and eligibility requirements.

The total cost of purchasing a condominium unit may include fees and charges in addition to the unit purchase price. These charges are not necessarily “hidden” and are typically disclosed as part of the buyer’s purchase and turnover costs.

Depending on the property and transaction, the buyer may be required to settle the following:

• Documentary Stamp Tax (DST) 
• Transfer Tax 
• Registration Fees 
• Processing Fees 
• Real Estate Tax (RET) 
• Meralco/Utility-related Fees 
• Move-in Fees 

The applicable fees and amounts may vary depending on the project, unit, transaction, and applicable rates or charges at the time of purchase.