Steps in Purchasing a Unit (for local buyers or buyers based abroad)

     __________________________________________________________________________________

     Step1. After being satisfied with the presentation and site visit (buyer should visit the site or at least have a trusted 

                representative visit the site in his behalf), buyer selects an available unit.
     Step2. Property Specialist prepares the unit details (price, different payment terms, etc) and sends to the buyer.
     Step3. Upon agreeing to the terms for the unit details prepared, buyer pays the P20,000 (US$ ±385)  

                reservation fee. Spot Cash buyers are not required to pay the reservation fee.
     Step4. Property Specialist gives or sends the following forms to buyer: Reservation Agreement (RA) 

                and Buyer's Information Sheet (BIS)
     Step5. Buyer fills up and signs the RA and BIS, and gives back the form to Property Specialist.

     Flexible Payment Terms:

     __________________________________________________________________________________

     There are various payment terms available at Avida providing flexible schemes in order to accommodate 

     the needs of our clients:

     1. Spot Cash

     2. Two year Interest Free Term
     3. Special Bank Financing thru BPI FAMILY BANK and CHINA BANK 

     4. Standard Bank Financing thru EQUITABLE PCI and BANCO DE ORO

     Please contact us if you would like to see a sample computation.

     Remitting of Payments (for purchase of units in the Philippines):  

     __________________________________________________________________________________

     The most convenient and easiest way to pay your unit are thru Post Dated Checks.

     - open a checking account in any of the following banks - local and international branch: BPI FAMILY BANK, CHINA 

       BANK, EQUITABLE PCI BANK OR BANCO DE ORO (because opening a checking account takes longer than a savings

       account, Avida Land will gladly assist you on quickly opening a checking account)
 

     - if you are abroad, you can send all post dated checks thru courier services such as (FEDEX, UPS, DHL). Please 

       notify us or Avida Land the tracking number so we can trace the package.

     - please contact us for additional information regarding payments.

     Note for Foreign Buyers:  

     __________________________________________________________________________________

     Please note that foreigners are allowed to purchase/own property in the Philippines provided that:

     1. Total foreign ownership in the condominium does not exceed 40%
     2. For private corporations, 60% of the capital should be owned by Filipinos
     3. Foreigners acquired real property thru hereditary succession (Filipino relatives)
     4. They are former natural born Filipino citizens

     5. For married couples, the spouse is a Filipino and has not renounced his/her Filipino citizenship.

     Booking documents such as Philippine TIN and CTC are not required for foreigners. A valid identification such as 

     a Passport, Driver's License, and Social Security Number would suffice.

     If you have any more queries regarding foreign ownership of real property, please contact us

Home | About Us | Projects | Payment Terms and Remittance | Back