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SANDS RESIDENCES
ROXAS BOULEVARD, MANILA
Welcome to Sands Residences.
A luxurious, 51-floor master-planned community by Manila Bay
where the sun and sand amidst a sea of luxury await you.
BUYING PROCESS
- Step by step guide on how to Buy your Preferred Unit
- Downloadable Forms Requirements
- What to do next
STEP 1 l CHOOSE YOUR UNIT AND PAYMENT TERM
Choose a condo unit/s you wish to purchase. This is after you have browsed some information from this website and have communicated with me concerning a specific condominium project.
I will prepare computation based on your desired unit. You may also request for special payment term.
I will send you an email confirmation that I received from SMDC as a proof that the unit is successfully put on hold. The unit will be temporary hold under your name for 3 days in SMDC Sales Inventory.
STEP 2 l SIGN THE RESERVATION FORMS
Once we verified the availability of your desired unit and you have decided on the payment term, you may now accomplish the reservation forms.
I will bring the following documents for your details and signature. For international buyers, we will send thru email a downloadable forms and print the following forms and documents to be filled-out.
You are then requested to send the forms with your signature through email attachment
(kindly email to: [email protected] ). Please note that this online processing of documents is for the purpose of reservation only. The Reservation Agreement will be signed by SM Development Corporation (SMDC) as your preliminary contract. This will make the developer keep the condo unit in your name for thirty (30) days while completing your requirements to purchase.
STEP 3 l PAY RESERVATION FEE
Modes of payment for Philippine-based buyer/s
1. Cash, Check or Credit card
2. Bills Payment
1. Bills Payment
SM Development Corporation (SMDC)
Office Address: 15/F Two E-com Center, Harbor Drive, Mall of Asia Complex,
Pasay City, PH 1300
Bank and Branch: Banco De Oro – One Ecom Center, Mall of Asia
Account Number: 006280113239
Swift Bank Identifier Code: BNORPHMM
Note: Just For Air, Bloom, Blue, Breeze, Charm, Coast, Cool Suites, Fame, Fern, Field, Glam, Grace, Grass, Hill, Jazz, Light, Lush, Mezza, Mint, MPlace, Red, S, Sea, Shell, Shine, Shore, Shore2, Shore3, Spring, Sun, Vine and Wind Residences.
Vancouver Lands, Inc. (VLI)
Office Address: 23/F Galleria Corporate, Ortigas Avenue, Quezon City, PH 1109
Account Number: BDO Savings 006280271942
Note: For Trees, Park and Green 2 Residences only.
Twenty-Two Forty-One Properties, Inc. (2241)
Office Address: Ganare Building, 2241 Taft Avenue, Malate, Manila City, PH 1004
Account Number: BDO Savings 0062801050244
Note: For Green 1 Residences only.
SM Prime Holdings, Inc.
Office Address: 10/F Mall of Asia Arena Annex Building, Coral Way corner J. W. Diokno Boulevard, Mall of Asia Complex, Pasay City, PH 1300
Note: For Cheer, Hope, Style, South, Joy and Sail Residences only.
Springtown Development Corporation
Office Address: Pasay City, PH 1300
Note: For Leaf Residences.
102 E Delos Santos Realty
Office Address: 102 E. De Los Santos Avenue, Mandaluyong City
Mandaluyong; NCR; PH 1554
Note: For Light 2 Residences.
Metro South Davao Property Corp.
Bdo account: 00-628042426-9
For Lane Residences
Summerspring Development Corp.
Bdo account: 00-628-051157-9
For Gold Residences & Gold Office
STEP 4 l SUBMISSION OF REQUIREMENTS
To complete your reservation, the following documents must be submitted within thirty (30) days.
INDIVIDUAL BUYER
If Locally Employed, one of the following: (For Ready for Occupancy units only)
If Self-Employed or Business Owner, one of the following: (For Ready for Occupancy units only)
If Overseas Filipino Worker (OFW), one of the following: (For Ready for Occupancy units only)
CORPORATE / PARTNERSHIP / ASSOCIATION
After paying the reservation fee and submission of complete requirements, SM Development Corporation (SMDC) shall be sending through email your Schedule of Payment (SOP) with due dates and amounts. Prepare to pay your monthly amortizations according to the date and amount of your SOP through post dated checks. After checks have been prepared, submit them to SMDC. Please request for a pick-up arrangement from us.
Other modes of payment:
STEP 6 l CONTRACT TO SELL (CTS)
The Contract To Sell will be processed once you paid at least 5% of the total amount payable provided all necessary documents have been submitted to SMDC. We will send the original contract papers to you through SMDC’s accredited courier.
When you receive the original documents and after reading and affixing your signatures on the contract, you are requested to send them back to SMDC two weeks after receipt.
After receiving the signed original contracts from you, these documents will be handed over to SMDC who will affix their signature/s and then have these documents notarized by a lawyer. You can then expect to receive a copy of the notarized contract.
STEP 7 l FINANCING
Turnover balance is payable through lump sum or external financing-commercial bank. We will personally assist you in securing home loan approval. For faster assistance kindly call your agent.
STEP 8 l UNIT TURNOVER
When the full payment has been cleared or bank loan has been released, you will be issued a Notice of Acceptance through email and mail. You will then be endorsed to Buyers Turnover Personnel so you can inspect your unit. And once it is ready for turnover SMDC will be sending the buyer a official turnover date of the unit/s.
Choose a condo unit/s you wish to purchase. This is after you have browsed some information from this website and have communicated with me concerning a specific condominium project.
I will prepare computation based on your desired unit. You may also request for special payment term.
I will send you an email confirmation that I received from SMDC as a proof that the unit is successfully put on hold. The unit will be temporary hold under your name for 3 days in SMDC Sales Inventory.
STEP 2 l SIGN THE RESERVATION FORMS
Once we verified the availability of your desired unit and you have decided on the payment term, you may now accomplish the reservation forms.
I will bring the following documents for your details and signature. For international buyers, we will send thru email a downloadable forms and print the following forms and documents to be filled-out.
You are then requested to send the forms with your signature through email attachment
(kindly email to: [email protected] ). Please note that this online processing of documents is for the purpose of reservation only. The Reservation Agreement will be signed by SM Development Corporation (SMDC) as your preliminary contract. This will make the developer keep the condo unit in your name for thirty (30) days while completing your requirements to purchase.
STEP 3 l PAY RESERVATION FEE
Modes of payment for Philippine-based buyer/s
1. Cash, Check or Credit card
2. Bills Payment
- All BDO branches
- SM Retail Network (The SM Store, SM Supermarket, SM Hypermarket, and Savemore)
1. Bills Payment
- BDO Online
- BDO Kabayan Bills Bayad PNB Overseas iRemit
- BDO Remit & Remittance Partners
- Wire Transfer
SM Development Corporation (SMDC)
Office Address: 15/F Two E-com Center, Harbor Drive, Mall of Asia Complex,
Pasay City, PH 1300
Bank and Branch: Banco De Oro – One Ecom Center, Mall of Asia
Account Number: 006280113239
Swift Bank Identifier Code: BNORPHMM
Note: Just For Air, Bloom, Blue, Breeze, Charm, Coast, Cool Suites, Fame, Fern, Field, Glam, Grace, Grass, Hill, Jazz, Light, Lush, Mezza, Mint, MPlace, Red, S, Sea, Shell, Shine, Shore, Shore2, Shore3, Spring, Sun, Vine and Wind Residences.
Vancouver Lands, Inc. (VLI)
Office Address: 23/F Galleria Corporate, Ortigas Avenue, Quezon City, PH 1109
Account Number: BDO Savings 006280271942
Note: For Trees, Park and Green 2 Residences only.
Twenty-Two Forty-One Properties, Inc. (2241)
Office Address: Ganare Building, 2241 Taft Avenue, Malate, Manila City, PH 1004
Account Number: BDO Savings 0062801050244
Note: For Green 1 Residences only.
SM Prime Holdings, Inc.
Office Address: 10/F Mall of Asia Arena Annex Building, Coral Way corner J. W. Diokno Boulevard, Mall of Asia Complex, Pasay City, PH 1300
Note: For Cheer, Hope, Style, South, Joy and Sail Residences only.
Springtown Development Corporation
Office Address: Pasay City, PH 1300
Note: For Leaf Residences.
102 E Delos Santos Realty
Office Address: 102 E. De Los Santos Avenue, Mandaluyong City
Mandaluyong; NCR; PH 1554
Note: For Light 2 Residences.
Metro South Davao Property Corp.
Bdo account: 00-628042426-9
For Lane Residences
Summerspring Development Corp.
Bdo account: 00-628-051157-9
For Gold Residences & Gold Office
STEP 4 l SUBMISSION OF REQUIREMENTS
To complete your reservation, the following documents must be submitted within thirty (30) days.
INDIVIDUAL BUYER
- Duly filled-out and signed Reservation Forms
- Proof of paid reservation fee (If payment is made through online banking, bills payment or remittance)
- Scanned copy or photocopy of passport or any valid government issued IDs with legible signature (for all names appearing in the Reservation Forms & Contract)
- TIN and/or duly filled-out and signed BIR Form 1904 (for all names appearing in the Reservation Forms & Contract)
- Two (2) original copies of Notarized or Consularized Special Power of Attorney (SPA) (applicable to buyers based abroad)
- Proof of Income (applicable to buyers with balance payable through bank financing)
If Locally Employed, one of the following: (For Ready for Occupancy units only)
- Copy of latest Income Tax Return (ITR)
- Original Certificate of Employment with position and compensation
- Copy of latest 2 months pay slips
- Copy of latest 3 months bank statement (should be where the payroll is credited)
If Self-Employed or Business Owner, one of the following: (For Ready for Occupancy units only)
- Copy of Income Tax Return
- Copy of Business Registration / DTI
- Copy of latest 3 months bank statement (should be where the monthly income is deposited)
If Overseas Filipino Worker (OFW), one of the following: (For Ready for Occupancy units only)
- Copy of Certificate of Employment or Contract
- Copy of latest 2 months pay slips
- Copy of latest 3 months proof of remittance or allotment slips
- Copy of latest 3 months bank statement (should be where allotment is deposited)
CORPORATE / PARTNERSHIP / ASSOCIATION
- Duly filled-out and signed Reservation Forms
- Proof of paid reservation fee (If payment is made through online banking, bills payment or remittance)
- Scanned copy or photocopy of passport or any valid government issued IDs with legible signature of the authorized officer
- Two (2) certified true copies of SEC Certificate of Registration
- Two (2) certified true copies of Articles of Incorporation
- Two (2) certified true copies of By-Laws
- Duly filled-out and signed BIR Form 1903 or 2303
- Two original copies of notarized Board Resolution or Secretary’s Certificate authorizing the purchase of the specified condo unit and parking slot and; designation and appointing the officer authorized to sign any and all documents in behalf of the corporation
- Latest Community Tax Certificate of the corporation
After paying the reservation fee and submission of complete requirements, SM Development Corporation (SMDC) shall be sending through email your Schedule of Payment (SOP) with due dates and amounts. Prepare to pay your monthly amortizations according to the date and amount of your SOP through post dated checks. After checks have been prepared, submit them to SMDC. Please request for a pick-up arrangement from us.
Other modes of payment:
- BDO Automatic Debit
- BDO Online Payment
- BDO Bills Payment
- Direct Remittance (BDO Remit Offices and Remittance Centers)
- Credit card
STEP 6 l CONTRACT TO SELL (CTS)
The Contract To Sell will be processed once you paid at least 5% of the total amount payable provided all necessary documents have been submitted to SMDC. We will send the original contract papers to you through SMDC’s accredited courier.
When you receive the original documents and after reading and affixing your signatures on the contract, you are requested to send them back to SMDC two weeks after receipt.
After receiving the signed original contracts from you, these documents will be handed over to SMDC who will affix their signature/s and then have these documents notarized by a lawyer. You can then expect to receive a copy of the notarized contract.
STEP 7 l FINANCING
Turnover balance is payable through lump sum or external financing-commercial bank. We will personally assist you in securing home loan approval. For faster assistance kindly call your agent.
STEP 8 l UNIT TURNOVER
When the full payment has been cleared or bank loan has been released, you will be issued a Notice of Acceptance through email and mail. You will then be endorsed to Buyers Turnover Personnel so you can inspect your unit. And once it is ready for turnover SMDC will be sending the buyer a official turnover date of the unit/s.
SMDC PROPERTIES
🏡 𝐌𝐄𝐓𝐑𝐎 𝐌𝐀𝐍𝐈𝐋𝐀
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☑️ Sands Residences - Roxas Boulevard, Manila
Welcome to Sands Residences. A luxurious, 51-floor master-planned community by Manila Bay where the sun and sand amidst a sea of luxury await you. LOCATION: M.H. Del Pilar St., Malate, Manila PRICE RANGE: 5,900,000 - 12,600,000 UNITS
☑️ Red Residences - Chino Roces, Makati City LOCATION: Chino Roces, Makati PRICE RANGE: Php 6,500,000 - Php 9,000,000 UNITS
☑️ Gem Residences - C-5, Pasig City LOCATION: C5, Pasig City PRICE RANGE: Php 5,200,000- Php 9,400,000 UNITS
☑️ South 2 Residences - Southmall, Las Piñas City LOCATION: Las Pinas City PRICE RANGE: Php 3,700,000- Php 7,500,000 UNITS
☑️ Sail Residences - Mall of Asia, Complex LOCATION: Sail Residences PRICE RANGE: Php 11,200,000 - Php 13,000,000 UNITS
☑️ Shore 2 & 3 Residences - Mall of Asia, Complex LOCATION: SHORE 2 Mall of Asia, Pasay City PRICE RANGE: Php 6,000,000 - Php 11,100,000 UNITS
AMENITIES
SHORE 3 Mall of Asia, Pasay City PRICE RANGE: Php 10,500,000 - Php 24,500,000 UNITS
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☑️ Fame Residences - EDSA, Mandaluyong
LOCATION: EDSA, Mandaluyong PRICE RANGE: Php 5,100,000 - Php 6,800,000 UNITS
☑️ Air Residences - Ayala Avenue, Makati City
LOCATION: Makati City PRICE RANGE: Php 6,300,000 - Php 7,500,000 UNITS
AMENITIES
Hill Residences - Reliance St., Novaliches
LOCATION: Novaliches, Quezon City PRICE RANGE: Php 2,900,000 - Php 3,500,000 UNITS
AMENITIES
☑️ Mint Residences - Chino Roces, Makati City
LOCATION: Chino Roces, Makati City PRICE RANGE: Php 4,400,000 - Php 16,600,000 UNITS
AMENITIES
☑️ Glam Residences - EDSA, Quezon City
LOCATION: EDSA, Quezon City PRICE RANGE: Php 5,900,000 - Php 11,500,000 UNITS
AMENITIES
☑️ Leaf Residences - Alabang, Muntinlupa
LOCATION: Susana Heights, Muntinlupa PRICE RANGE: Php 4,400,000 - Php 6,200,000 UNITS
AMENITIES
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☑️ Gold Residences - Across NAIA Terminal 1
LOCATION: Paranaque City PRICE RANGE: Php 7,400,000 - Php 17,000,000 UNITS
AMENITIES
☑️ Trees Residences - Near SM Fairview
LOCATION: Novaliches, Quezon City PRICE RANGE: Php 2,000,000 - Php 3,300,000 UNITS
AMENITIES
☑️ Lush Residences - Ayala Avenue, Makati City
LOCATION: Off Ayala Avenue PRICE RANGE: Php 6,800,000 - Php 9,800,000 UNITS
AMENITIES
☑️ Light 2 Residences - EDSA, Boni MRT
LOCATION: EDSA-Boni MRT Station PRICE RANGE: Php 5,400,000 - Php 11,200,000 UNITS
AMENITIES
☑️ Bloom Residences - Near SM BF Parañaque
LOCATION: Sucat, Paranaque PRICE RANGE: Php 4,600,000 - Php 7,100,000 UNITS
AMENITIES
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🏡𝐏𝐑𝐎𝐕𝐈𝐍𝐂𝐄𝐒
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☑️ Cheer Residences - SM City Marilao, Bulacan
Take your life to new heights as Cheer Residences introduces a fresh perspective to residential living in Marilao, Bulacan. It is the first vertical development of its kind in the area that offers the convenience of having its own mall within the complex. First-rate amenities elevates the quality of life of the residents as they get to enjoy an array of activities daily. LOCATION: Marilao, Bulacan PRICE RANGE: Php 3,200,000 - Php 3,500,000 UNITS
AMENITIES
☑️ Green 2 Residences - Dasmariñas, Cavite LOCATION: Dasmariñas, Cavite PRICE RANGE: Php 3,300,000 - Php 5,600,000 UNITS
AMENITIES
☑️ Hope Residences - SM City Trece Martires LOCATION: SM City Trece Maritires PRICE RANGE: Php 3,000,000 - Php 3,600,000 UNITS
AMENITIES
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☑️ Charm Residences - Cainta, Rizal
LOCATION: Felix Avenue, Cainta PRICE RANGE: Php 3,700,000 - Php 5,300,000 UNITS
AMENITIES
☑️ Park Residences - Laguna LOCATION: Sta. Rosa City, Laguna PRICE RANGE: Php 3,400,000 - Php 3,900,000 UNITS
AMENITIES
☑️ Style Residences - Iloilo City Style Residences can be found within the complex of SM City Iloilo – the city’s vibrant lifestyle and progressive business district. It offers an impressive collection of shopping, dining, and entertainment options, as well as easy accessibility to the local transportation hubs, including the Iloilo International Airport and Seaport. LOCATION: SM City Iloilo PRICE RANGE: Php 3,400,000- Php 5,200,000 UNITS
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☑️ Cheerful Homes (House and Lot) - Pampanga
LOCATION: Mabalacat City, Pampanga PRICE RANGE: Php 1,100,000 - Php 1,700,000 UNITS
AMENITIES
☑️ Lane Residences - Davao City LOCATION: SM Lanang Premier, Davao City PRICE RANGE: Php 3,600,000- Php5,500,000 UNITS
AMENITIES
☑️ Smile Residences - Bacolod City
PRICE RANGE: Php 3,800,000 - Php 5,500,000 UNITS
AMENITIES
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SMDC l Frequently Asked Questions (FAQs)
Here's Everything You Need To Know About Buying A Condo
What is the floor to floor height?
+/- 3 meters.
What is the floor to ceiling height?
+/- 2.4 meters - 2.7 meters
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.) in the balcony that are visible from the exterior of the building is not allowed.
Are the wall between each units soundproofed?
Yes. Up to 40 decibels
What is the breakdown of other charges (6.50%) ?
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)
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).
What are financing options available in SMDC?
Cash Payment, Deferred Cash, Cash or Bank Financing of the loan balance.
Is bank financing developer-assissted?
Yes. Buyer just need to submit all requirements to SMDC within a specified time period to process the loan for the balance prior to the completion of downpayment.
What are accredited banks of SMDC?
BDO, BPI, PNB, Chinabank, Union Bank, HSBC, PSBank, Security Bank, Robinsons Bank
Do SMDC offer in-house financing?
No.
How many units can be combined?
A maximum of 5 adjacent units can be combined subject for approval.
How wide is the hallway?
+/- 1.5 meters
What will be the ventilation on the typical residential floors?
Common Area/Hallway: Natural ventilation. Residential Units: Natural ventilation with provision for A/C unit; mechanical ventilation (exhaust ductless) for toilet and bath
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).
How many parking slots can the buyer purchase?
1 is to 1 and must be unit owner
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.
If a purchased residential unit was cancelled by the buyer, what happens to the purchased parking slot?
With this scenario, the parking slot purchased will also be cancelled.
Can a residential unit be used for commercial purposes?
No, all residential units shall be used for residential purposes only.
Are the unit perpetual ownership (free hold ownership)?
For Filipino buyer, yes, it's Perpetual Ownership provided with Condominium Certificate of Title (CCT).
Can a foreign citizen buy a condominium unit in SMDC?
Yes. 40% of the total units in a project can be sold foreign buyer thru Perpetual Ownership (Freehold Ownership).
What if the 40% alloted to foreign buyers is sold-out?
They can still buy from the remaining 60% under ASSIGNMENT OF RIGHT TO USE (ARTU). This is no longer Perpetual Ownership so there's no CCT/Title. It is leasehold with 50 years contract.
Does ARTU have CCT and contract to sell?
None. Only Contract of Use but it has the same right like other owners since foreign buyer will be assigned as proxy/assignee by SMDC.
Can ARTU transfer the right of use?
ARTU can only transfer the Rights of Use with the remaining unused term from 50 years.
What is the advantage of ARTU?
It has 10% upfront discount on top of standard discounts.
What are the payment terms of ARTU?
Deferred Cash, Spot Cash, Standard DP term but remaining balance is payable in cash.
What are the projects under ARTU?
Shore Series, Fame, Red, Bloom. Other condo project may follow once the 40% cap is reached.
How is the garbage collected?
Each floor has garbage room available from 7am to 7pm
How much is the monthly condominium dues?
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.
What is the purpose of collecting condominium dues from the unit owners?
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.
When will a unit owner start paying for the condominium dues?
Payment of condominium dues will start once the unit has been accepted by the unit owner or deemed accepted based on turnover policy.
Are there any fees to be collected for using the facilities/amenities in the condominium?
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.
When can a unit owner move in to their unit?
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.
Are the tower/building interconnected?
Most of the buildings will be connected at their support level amenities.
Are pets allowed in the residential building?
No. Unit owners are not allowed to house or keep pets of any kind, even temporarily.
If SM prime is the owner/developer. what will be the effect on documentation?
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.
+/- 3 meters.
What is the floor to ceiling height?
+/- 2.4 meters - 2.7 meters
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.) in the balcony that are visible from the exterior of the building is not allowed.
Are the wall between each units soundproofed?
Yes. Up to 40 decibels
What is the breakdown of other charges (6.50%) ?
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)
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).
What are financing options available in SMDC?
Cash Payment, Deferred Cash, Cash or Bank Financing of the loan balance.
Is bank financing developer-assissted?
Yes. Buyer just need to submit all requirements to SMDC within a specified time period to process the loan for the balance prior to the completion of downpayment.
What are accredited banks of SMDC?
BDO, BPI, PNB, Chinabank, Union Bank, HSBC, PSBank, Security Bank, Robinsons Bank
Do SMDC offer in-house financing?
No.
How many units can be combined?
A maximum of 5 adjacent units can be combined subject for approval.
How wide is the hallway?
+/- 1.5 meters
What will be the ventilation on the typical residential floors?
Common Area/Hallway: Natural ventilation. Residential Units: Natural ventilation with provision for A/C unit; mechanical ventilation (exhaust ductless) for toilet and bath
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).
How many parking slots can the buyer purchase?
1 is to 1 and must be unit owner
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.
If a purchased residential unit was cancelled by the buyer, what happens to the purchased parking slot?
With this scenario, the parking slot purchased will also be cancelled.
Can a residential unit be used for commercial purposes?
No, all residential units shall be used for residential purposes only.
Are the unit perpetual ownership (free hold ownership)?
For Filipino buyer, yes, it's Perpetual Ownership provided with Condominium Certificate of Title (CCT).
Can a foreign citizen buy a condominium unit in SMDC?
Yes. 40% of the total units in a project can be sold foreign buyer thru Perpetual Ownership (Freehold Ownership).
What if the 40% alloted to foreign buyers is sold-out?
They can still buy from the remaining 60% under ASSIGNMENT OF RIGHT TO USE (ARTU). This is no longer Perpetual Ownership so there's no CCT/Title. It is leasehold with 50 years contract.
Does ARTU have CCT and contract to sell?
None. Only Contract of Use but it has the same right like other owners since foreign buyer will be assigned as proxy/assignee by SMDC.
Can ARTU transfer the right of use?
ARTU can only transfer the Rights of Use with the remaining unused term from 50 years.
What is the advantage of ARTU?
It has 10% upfront discount on top of standard discounts.
What are the payment terms of ARTU?
Deferred Cash, Spot Cash, Standard DP term but remaining balance is payable in cash.
What are the projects under ARTU?
Shore Series, Fame, Red, Bloom. Other condo project may follow once the 40% cap is reached.
How is the garbage collected?
Each floor has garbage room available from 7am to 7pm
How much is the monthly condominium dues?
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.
What is the purpose of collecting condominium dues from the unit owners?
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.
When will a unit owner start paying for the condominium dues?
Payment of condominium dues will start once the unit has been accepted by the unit owner or deemed accepted based on turnover policy.
Are there any fees to be collected for using the facilities/amenities in the condominium?
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.
When can a unit owner move in to their unit?
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.
Are the tower/building interconnected?
Most of the buildings will be connected at their support level amenities.
Are pets allowed in the residential building?
No. Unit owners are not allowed to house or keep pets of any kind, even temporarily.
If SM prime is the owner/developer. what will be the effect on documentation?
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.
