1) Can foreigners own condominium units?
The Condominium Act of the Philippines, R.A. 4726, expressly allows foreigners to acquire condominium units and shares in condominium corporations.
2) Are the units pre-selling or ready for occupancy?
Most of our units are pre-selling, thus, we offer No Downpayment, 0% Interest and Low Monthly Amortizations.
Ready for occupancy projects are: Fifth Avenue Place, McKinley Park Residences and The Fort Residences in Fort Bonifacio, One, Two and Three Adriatico Place in Manila, Otis 888 Residences in Manila, One Gateway Place, Gateway Garden Ridge and Gateway Garden Heights in Mandaluyong, East of Galleria in Ortigas, Pasig, Woodsville Viverde Mansions in Paranaque, Amisa in Cebu and Escalades at 20th Avenue in Quezon City
3) Are the units available for rent?
The units are for sale. However, the monthly payments are so low; it’s almost like you’re renting.
Furthermore, upon turnover of the units, we have a leasing department that can assist you with renting out your unit to generate income for you.
We recently offered a rent-to-own scheme for selected Ready for Occupancy projects.
4) Do the units come with a title?
Condominium units come with a Condominium Certificate of Title (CCT) and Townhouse units come with a Transfer Certificate of Title (TCT).
5) Are the units bare when they are turned over?
They are Fully-Finished. The units have painted walls and ceilings, bedroom partitions, wood and tile flooring, kitchen and bedroom cabinets, toilet and bath fixtures, and steel railings for units with balconies.
Vimana Verde Residences gives you the flexibility of choosing between bare or fully-finished units.
Signa Designer Residences provides you with color scheme options for your unit as well as luxe, designer luxe and Cobonpue series interior options for your unit.
The Allegro comes with semi-furnished units and upgraded finishing: Split-Type A/C, Rangehood and Cooktop, Built-in Water Filter, Shower Enclosure and European Branded Homogenous Tiles.
6) What are your financing options?
We offer Bank financing through Bank of the Philippine Islands, Banco De Oro, Metrobank and Robinsons Bank.
We also offer In-house financing through Home Funding Incorporated. Foreigners can avail of our in-house financing.
Similar to most condominium developers, we do not have Pag-ibig financing.
7) Do we need to pay monthly association dues?
Payment of monthly association dues begin upon turnover of the unit. Current monthly association dues range from P60 to P70 per square meter.
Monthly association dues pay for the utilities expenses in the common areas, maintenance of the amenities, as well as the salaries of the security guards and building staff.
Most of our condominium towers are designed using a method called Green Architecture. Buildings are made energy-efficient by allowing more natural sunlight into each unit and hallway, and providing greater air ventilation, thus saving owners from added utilities expenses.
