faqphase2

Frequently Asked Questions

Contact Nos.: +63917-8477492 / (632) 9356573

Condominiums

Inquiries

FAQ

PHASE 2 : Payments

PAYMENT TERMS & PAYMENT SCHEDULE

What shall I do if I want to change my payment terms or my condominium unit?

DMCI Homes charges a Restructuring Fee of Php 3,000.00 per unit for the request of change of term or change of condominium unit, except for the following cases:

1. Upgrading to a larger unit within the same project will require a restructuring fee of Php 4,500.00
2. Change of term from In-House Financing to Bank or Pag-IBIG Financing within one year from the payment of the reservation fee.
3. If the request to change the payment was made within the 30 day Reservation Period and the buyer has not yet signed the Reservation Agreement.

What kinds of discounts are available?

For Cash buyers, the discounts for condominium units and house and lots are as follows:

1. Outright Cash: 10% discount
2. 3 months payment: 8% discount
3. 6 months payment: 6% discount

For In-house financing and other payment schemes, the discounts are largely determined by the down payment terms and the balance payment terms. Please ask your Sales Representative for the discounts applicable to your terms.

Can I refund my downpayment?

As a general rule, should the buyer decide to back-out of the transaction, the downpayment will be forfeited in favor of DMCI Homes and is therefore non-refundable.

What kinds of payments are accepted?

Payments can be in cash, Personal Check or a Manager�s check.

POWER OF ATTORNEY

If I am unable to personally transact with DMCI Homes because I am out of the country what should I do?

In case you are unable to transact with DMCI Homes, a duly notarized Special Power of Attorney (SPA) is needed in appointing a person to represent you in all dealings with DMCI Homes. In case you are outside the Philippines, an SPA authenticated at the Philippine Embassy of the country of you residence is a legal document that is recognized by the Philippines and the country that you are at. Properly executed, it allows the appointed person to represent, act and transact on behalf of the unit owner to the extent stipulated in the SPA.

Can a foreigner purchase a DMCI Homes unit?

As a general rule, foreigners can only purchase condominium units and not house and lots. However, it the foreigner was born in the Philippines or if the foreigner is part owner of a company whose majority share is owned by Filipinos, then they may purchase a house-and-lot, subject to the requirements of law.

The additional documents required to complete the purchase are:

           1. Passport
           2. Alien Certificate of Registration
           3. Tax Identification Number (TIN)

If the buyer has no Tax Identification Number, DMCI Homes will apply for the TIN number on their behalf for transferring of the title.

Reservation and Documentary Requirements, Payments, Turnover, Acceptance and Move-In, Transfer of Ownership