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DMCI Homes - Frequently Asked Questions (FAQs)


How much is the reservation fee?

Reservation fee is P20,000 /unit and P10,000 /parking.


Is the reservation fee refundable or transferable?

Reservation fee is nonrefundable (valid only for 30 days from the date of reservation) and nontransferable. DMCI Homes is looking forward to doing business with serious buyers only.


How can I reserve if I am located abroad?

You can reserve through wire transfer, trusted representative, or special power of attorney.


What are the complete requirements?
  • Photocopy of 2 valid government-issued ID’s
  • Reservation Fee
  • Client Registration Form (provided by us)
  • Reservation Agreement Form (provided by us)
  • Tax Identification Number (TIN) or Income Tax Return (ITR)
  • Proof of Billing 
  • Computation Sheet (provided by us)
  • Special Power of Attorney Form (if needed).

For a hassle free owning experience, we suggest that you submit all the requirements within 7 days from the date of reservation.

NOTE: Forms and computation template will be provided by us.


What are the payment terms/financing schemes?

Cash, In-House Financing, Bank Financing, or Pag-IBIG Financing

For buyers abroad, we suggest that you pursue In-House Financing for your convenience.

NOTE: All DMCI buyers are required to undergo In-House Financing initially. It can be transferred to Bank Financing or Pag-IBIG Financing later on provided all the requirements and conditions are met. We suggest that you call or visit our accredited banks (HSBC, BPI, BDO, & UCPB) and Pag-IBIG Fund offices for a detailed information.


Closing fees?

Closing fees cover Documentary Stamp Tax, Transfer Fees, Registration Fees, notarial and documentation fees, and other administrative and handling fees in order to transfer title to your name.


Can a foreigner purchase a condominium unit in the Philippines?

Yes. The Condominium Act of the Philippines expressly allows foreigners to acquire condominium units and shares in condominium corporations up to 40% of the total and outstanding capital stock of a Filipino owned or controlled condominium corporation.


Can a foreigner purchase a house & lot in the Philippines?

By law, foreigners don’t have the right to acquire land in the Philippines. Only Filipino citizens can own land. The simplest way for a foreigner to acquire real estate properties is to have a Filipino spouse purchase a property in his/her name.

Exceptions:
Corporations or partnerships that is at least 60% Filipino owned are entitled to acquire land in the Philippines. An exception to this rule, is foreign acquisition of a Philippine real estate in the following cases:

·         Acquisition before the 1935 constitution.
·         Acquisition thru hereditary succession if the foreign acquire is a legal or natural heir. This means that when you are married to a Filipino citizen and your husband/wife dies, you as the natural heir will become the legal owner of his/her property. The same is true for the children. Every natural child (legitimate or illegitimate) can inherit the property of his/her Filipino father/mother even if he/she is not a Filipino citizen.
·         Purchase of not more than 40% interest in a condominium project.
·         Purchase by a former natural-born Filipino citizen subject to the limitations prescribed by law. (natural born Filipinos who acquired foreign citizenship is entitled to own up to 1,000 square meter of residential land, and 1 hectare of agricultural or farm land)
·         Filipinos who are married to aliens who retain their Filipino citizenship, unless by their act or omission they have renounced their Filipino citizenship.

Owning of houses or buildings is legal as long as the foreigner does not own the land on which the house was built.

Setting up a corporation with 40% of the stocks in the foreigner’s name and 60% to Filipinos is a good alternative. There must be a minimum of 5 stockholders, and foreigner can have the Filipino stockholders sign blank transfer of the stocks for security.


When can I move in?

You can move in within 30-45days after you have fully accomplished the following: Complete Requirements, Signed Contract to Sell (for buyers under financing) or Deed of Absolute Sale (for Cash Buyers), the minimum required downpayment to move in (for buyers under financing), and the release of clearance from DMCI Homes Documentation Department. Finishing of your unit will only start upon release of clearance from the Documentation Department. If your unit is already ready for punch listing, a Turnover Group Assistant will call you for your unit’s punch listing schedule. Please coordinate with the Turnover Group Assistant for your turnover schedule.

Provided all the move-in requirements and move-in conditions are met, you can move in to your unit once it is “dressed” and the finishing touches have been completed. The preliminary inspection of the unit shall be conducted with you based on the specified turnover conditions set by DMCI Homes. Arrangements on the installation of the water, electrical, cable and telephone units will also be conducted at this point. Your Condominium Corporation officer shall be more than willing to assist you in this matter.

If you plan to move in upon acceptance of the unit, please inform our Turnover Group Assistant so that the necessary arrangements can be made to facilitate your move-in.

In case the buyer fails to inspect the unit within thirty days from the date of notice, it shall be deemed that the buyer has automatically accepted the unit.

Confident of the quality of DMCI construction, All DMCI Homes developments come with a warranty against construction defects and workmanship within one year from the date of acceptance/turnover by the homeowner. Warranty concerns shall be forwarded to the Property Management Office. However, please take note that the normal wear & tear or misuse by homeowners or tenants is not covered by this warranty.


Are there fees after I move-in?

Yes, you should provide the payment for your own Meralco Meter deposit (the Meralco Meter will be under your name), the Monthly Association Dues, and other miscellaneous fees from the Property Management.


When do I start paying Association Dues?

Once the unit has been turned over, you will be obliged to settle the association dues, whether the unit is occupied or not. For example, if a unit had been turned over in July, but you did not move in until August, you are still obliged to settle the Association Dues for July.


Our commitment is to give our customers satisfaction in every way. From the basic to the more complex questions or concerns, we are here to guide you every step of the way.


FEATURED DMCI HOMES NEW PROJECTS


Mulberry Place - Acacia Estates, Taguig City


Delight yourself to a resort-inspired living community that brings the island spirit. Wake up each day feeling refreshed and inspired, getting up to a view of an invigorating mix of ground level amenities and verdant landscapes. Shuffle your feet back and forth, dancing to the beat of convenient city living bringing you close to places that matters to you. Enjoy a great sense of individuality or nurture your growing family feeling safe, serene, and secured in a fine community that works for you. Come home to vacation, everyday!


Read more >>>


Oak Harbor Residences - Asiaworld, Paranaque City


A DMCI Homes Exclusive project, Oak Harbor Residences is the only waterfront community in Bay City that is located directly by the bay. With magnificent views and state-of-the-art amenities, experience on a daily basis a change of pace and lifestyle. This lavish community puts you at the front and center of the country's next major central business district and entertainment capital, as infrastructure, residential and commercial developments are already on its way to being the next big thing.


Read more >>>


Fairway Terraces - Villamor Airbase, Pasay City


A soothing medley of contemporary residence set on a lush hilltop. Fairway Terraces combines the convenience and sophistication of modern living to the rustic and relaxing resort-inspired life. With its Balinese-inspired design, Fairway Terraces will be the epitome of a premium high-rise development in the country that combines the convenience and sophistication of modern living with the relaxing ambience of a resort-inspired life.


Read more >>>



GRAB OUR READY FOR OCCUPANCY DMCI HOMES PROPERTIES AT LOWEST DOWNPAYMENT TO MOVE-IN!

Siena Park Residences - Bicutan, P'que City

10% payable in 6 months (MOVE IN) and 90% balance Bank monthly amortization up to 25 years or In-house up to 10 years.


Arista Place - Sto. Nino, Paranaque City

10% Spot Down Payment (MOVE IN) and 90% balance Bank monthly amortization up to 25 years or In-house up to 10 years.

Tivoli Garden - Mandaluyong City

10% payable in 8 months (MOVE IN) and 90% balance Bank monthly amortization up to 25 years or In-house up to 10 years.

La Verti Residences, Taft Avenue, Pasay City

20% Spot Downpayment (MOVE IN) and 80% balance Bank monthly amortization up to 25 years or In-house up to 10 years.


Illumina Residences - Sta. Mesa, Manila

10% payable in 8 months (MOVE IN) and 90% balance Bank monthly amortization up to 25 years or In-house up to 10 years.


Flair Towers - Reliance St., Mandaluyong City

20% Spot Downpayment (MOVE IN) and 80% balance Bank monthly amortization up to 25 years or In-house up to 10 years.

One Castilla Place - New Manila, QC

15% Spot Downpayment (MOVE IN) and 85% balance Bank monthly amortization up to 25 years or In-house up to 10 years.

Sorrel Residences - Sampaloc, Manila

10% payable in 8 months (MOVE IN) and 90% balance Bank monthly amortization up to 25 years or In-house up to 10 years.


BEST TO INVEST WITH OUR PRE-SELLING PROPERTIES AT A REASONABLE PRICE AND RESORT-INSPIRED COMMUNITIES

Ivory Wood - Acacia Estates, Taguig City

Price Range: Php3.66Mn - Php5.55Mn

2 , 3 BR & 3BR Tandem

Turnover Dates: May & October 2018, April & June 2019


Fairway Terraces - Villamor, Pasay City

Price Range: Php2.62Mn - Php7.84Mn

1, 2 and 3 Bedroom Units

Turnover Date: February 2019

Asteria Residences - Sucat, Paranaque

Price Range: Php2.53Mn - Php5.06Mn

2 and 3 Bedroom Units

Turnover Dates: April & July 2017, Jan.2018

Maple Place - Acacia Estates, Taguig City

Price Range: Php3.66Mn - Php5.55Mn

2 , 3 BR & 3BR Tandem

Turnover Dates: February & May 2020

Brio Tower- EDSA-Guadalupe, Makati City

Price Range: Php2.60Mn - Php7.52Mn

1, 2 and 3 Bedroom Units

Turnover Date: November 2019


Lumiere Residences - Shaw Blvd., Pasig

Price Range: Php2.09Mn - Php6.33Mn

Studio, 2BR & 3BR Units

Turnover Dates: Oct 2018 & June 2019

Sheridan Towers - Sheridan St., Pasig

Price Range: Php2.10Mn - Php4.54Mn

Studio, 1BR & 2BR Units

Turnover Date: November 2018

Zinnia Towers - EDSA Munoz, QC

Price Range: Php1.77Mn - Php6.80Mn

Studio, 1BR, 2BR & 3BR

Turnover Dates: May 2016 & Dec.2017