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DMCI HOMES BUYERS GUIDE


FOR LOCAL BUYERS:

Reservation Requirements:
Upon reservation, you will be asked to fill up a Reservation Agreement Form. Along with this, a reservation fee ofP20,000for the unit and P10,000 for the parking must be made.

The reservation is nonrefundable and is valid for 30 days only. To complete your reservation, the following documents must be submitted within 7 days from the date of reservation:

1. Signed Reservation Agreement Form, Client Registration Form, and Final Computation Sheet (forms and computation template will be provided by us).
2. Photocopy of 2 valid government-issued IDs.
3. Tax Identification Number (TIN) and Income Tax Return (ITR).
4. Proof of Billing.
5. Notarized Special Power of Attorney and 2 valid government-issued IDs of SPA holder, if applicable.
After submission of the required documents, you will be asked to sign a Contract to Sell/Deed of Absolute Sale. To avoid the cancellation of your reservation, please make sure to submit all the above documents including the signed Contract to Sell/Deed of Absolute Sale plus postdated checks within 30 days from the date of reservation.

Payments and Financing
There are three available payment terms for purchasing your DMCI Home:
1. Cash.
2. In-house financing, with a maximum term of 10 years.
3. External financing:
- Bank.
- Pag-IBIG (Home Development Mutual Fund).

Based on the terms of payment agreed upon on your reservation agreement or your Contract to Sell, you’ll be required to begin paying your downpayment 30 days after the reservation date.

Available modes of payment are:
1. Cash or dated checks.
2. Postdated checks to cover monthly amortization. Local buyers are required to issue postdated checks.


FOR INTERNATIONAL BUYERS:


Reservation Requirements:
Option 1: 
To facilitate the process, the original copy of the Reservation Agreement Form, the Client Registration Form will be sent to you via courier. You need to fill out and sign these forms (please no erasures, and your signature in the forms should match your signature in your I.D.’s). The signed, filled up forms along with your signed final computation (final computation will be emailed to you and will be printed out and signed by you) will be sent back to the Philippines as part of the requirements. We have wire transfer services for the payment of reservation. (Please see the DMCI Homes account numbers below – please call (+63) 917-8387363 and verify before sending)

After submission of the required documents, we will be sending via courier the Contract to Sell, and you will be asked to sign it.

Option 2 (HIGHLY RECOMMENDED): 
A duly authorized representative can reserve in your behalf. For this purpose, a duly notarized Special Power of Attorney must be executed designating your duly authorized representative (SPA). The Special Power of Attorney must be consularized by the Philippine Consulate in the buyer’s present country.

Upon reservation, your SPA will be asked to fill up a Reservation Agreement form. Along with this, a reservation fee of P20,000 for the unit and P10,000 for the parking must be made.

The reservation is nonrefundable and is valid for 30 days only. To complete your reservation, the following documents must be submitted within 7 days from the date of reservation:

1. Signed Reservation Agreement Form, Client Registration Form, and Final Computation Sheet (forms and computation template will be provided by us).
2. Photocopy of 2 valid government-issued IDs.
3. Tax Identification Number (TIN) and Income Tax Return (ITR).
4. Proof of Billing.
5. Consularized Special Power of Attorney and 2 valid government-issued IDs of SPA holder, if applicable.

For Special Power of Attorney, the SPA will be asked to sign the Contract to Sell in behalf of the unit owner.

To avoid the cancellation of your reservation, please make sure to submit all the above documents including the signed Contract to Sell/Deed of Absolute Sale plus postdated checks/wire transfer payments within 30 days from the date of reservation.

Payments and Financing
There are two recommended Payment Terms for your convenience:
1. Cash.
2. In-house financing, with a maximum term of 10 years.

Modes of Payment
1. Postdated checks to cover monthly amortizations.
2. Wire Transfer.

Based on the terms of payment agreed upon on your reservation agreement or your Contract to Sell, you will be required to begin paying your downpayment 30 days after the reservation date.

Bank to Bank Transactions (Foreign Bank to Local Bank)
Wire Transfer Procedure:


1.       Go to your nearest remittance Center/ Bank Tie-up.
2.       Fill-out remittance slip form /remittance application.

MANDATORY FIELDS                                                           DESCRIPTION
a.         Remitter name                      -                               name of person sending the payment
b.       Beneficiary name                    -                               DMCI Homes
c.        Subscriber name                     -                               name of Buyer
d.       Subscriber number                  -                               Remitter code / Policy Number
e.       Document number                   -                               reference number
f.         Amount of remittance            -                               total amount of amortization payment in
Philippine Peso

Remittances made without the above required information will not be processed by Tie-up bank’s foreign branches & offices / Remittance Centers.

Collection Center Agent shall encode the account number, if correct, agent shall proceed with the transaction, if not, “INVALID ACCOUNT” shall appear on the screen and the agent will not accept the remittance.

*Note that your remitter code is your policy number.  Please do not lose this account number.

3.       Inform Collection Center Agent of the remittance amount in peso value.  Agent shall convert the peso amount to the equivalent foreign currency.
4.       The usual remittance bank charges or service fee will be for the account of the buyer.  The service fee will depend on the charges applied by the originating foreign branch or office.
5.       A validated official receipt (as proof of remittance) shall be issued to the buyer by the Bank’s foreign branch or office/remittance center.
6.       Remittance will be credited to DMCI account within 24 hours from date of remittance.  Thus, remittance must be made at least one (1) working day prior to amortization due date to avoid incurrence of penalty due to late payment.  DMCI will issue Official Receipt (OR) as proof of payment for the purchased DMCI property based on the date payment was credited to DMCI account.
7.       It is best to keep copy of remittance slip or validated official receipt issued by the remittance center/tie-up bank in case there will be a need to reconcile actual remittances made.


NOTE: Please call (+63) 917-8387363 or email at dmcihomesquery@gmail.com to verify DMCI Homes Account Numbers before Wire Transfer.


The turnover process is the most important to a new homeowner because this is when the property finally changes hands. Because we know how important this is to you, we would like to share some guidelines to make the transition smooth and satisfactory for both parties.

·         Completion of unit will commence upon issuance of Authority-To-Turnover (CLEARANCE) by DMCI Homes Documentation Department.
·         Completion date:

Ø  Thirty (30) days for single condominium unit.
Ø  Forty-five (45) days for tandem condominium units.
Ø  Approximately twelve (12) months for unit construction.

·         Punch-listing/inspection by the client will be scheduled after the completion date.
·         Rectification of punch-listed items will be done immediately but completion date may vary depending on the nature of the punch-listed items.
·         Client is responsible in settling all required fees & deposits prior to unit turnover.
·         Homeowner Orientation of community house rules, policies & regulations is done during handover of unit.
·         Handover kit and welcome gift is given to client upon acceptance of unit.
·         Upgrade/improvements for his unit will be allowed only after the acceptance of unit.
·         Note that certain warranties may be voided by any unit material alteration.

Requirements prior to issuance of CLEARANCE
·         Payment of the minimum downpayment required.
·         Issuance of required postdated checks for the balance of Total Contract Price.
·         Submission of duly signed CONTRACT TO SELL / DEED OF ABSOLUTE SALE and other pertinent documents.
·         Letter of Guarantee (LOG) and Drawdown/Loan Take-out (for external bank financing only).

Required Fees & Deposits
·         MERALCO Service Deposit for permanent power connection.
·         Real Property Tax (RPT) – client’s share.
·         Cash Bond for temporary power (if permanent power service is not yet available).
·         Condominium Corporation fees & dues.

Requirements for Permanent Power Connection
·         Proof of ownership (CTS/DOAS or CCT).
·         Duly accomplished MERALCO application form.
·         Two (2) valid IDs.
·         Duly signed MERALCO waiver.
·         Authorization letter (if accomplished thru representative).

Condominium Corporation Fees & Dues
·         One time Joining/Membership fee.
·         Monthly Association dues.
·         Construction bond (for unit with owner’s upgrade).
·         Insurance premium.
·         RPT of common areas.
·         Other Condominium Corporation assessment.

Buyer Acceptance
If the buyer fails to inspect and accept the unit within thirty (30) days from the date of notice that the unit is ready for turnover, it shall be deemed that the buyer has automatically accepted the unit.

Acceptance by a Representative
If the registered buyer is not available on the scheduled turnover of unit, his/her duly authorized representative can accept the unit in his/her behalf. The representative must be designated as a duly notarized Special Power of Attorney (SPA).
The unit turnover cannot be delayed on account of SPA’s availability schedule.

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!


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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.


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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.


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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