FAQ
SMDC has over 70 properties in the Philippines. Aside from residential condominiums, we also have residential-offices, house and lots, and lots only projects as part of the project portfolio. You may reach out to us or browse through the website to learn more.
Reservation fees vary per project and in some cases, on the unit view or the unit’s selling price. You may reach out to us so we can provide you with information on the latest computations and reservation fees.
Reservation fees are not refundable. This is also stipulated in the Reservation Agreement that we ask our buyers to sign when reserving a unit.
For pre-selling projects and regular accounts (accounts which are not eligible for early occupancy), the standard turnover of the unit is upon full payment of the total amount payable.
For units booked under the early occupancy program, turnover is dependent on the completion of the requirements set by the developer – this involves a payment milestone of 5% for FIlipino buyers and 10% for non-Filipino buyers. We can further discuss the process of early occupancy with you should you wish to consider availing of one.
Foreigners are eligible to buy a residential condominium for as long as the 40% foreign ownership threshold is not yet exceeded. If you are a foreigner looking to invest in an SMDC condominium, let’s talk and we will confirm your eligibility to purchase.
On the other hand, only FIlipinos and natural-born Filipino citizens are allowed to own land in the Philippines.
Yes. Batasang Pambansa no. 185 allows natural born Filipino citizens to buy land in the Philippines of up to 1,000 sqm in urban area and 1 hectare in rural areas, exclusively for residential purposes.
Foreigners are not eligible to apply for home loan / bank financing from Philippine banks, except for: (1) Foreign nationals who are married to Filipino citizens, (2) Foreign nationals who are dual citizens under RA 9925, and (3) Foreign nationals working, living, or residing in the Philippines who are (i) Quota or Preference Immigrant Visa holders, (ii) Non-Quota Immigrant visa holders, (iii) Embassy officials who are residing in the Philippines for more than 1 year, (iv) Holders of Special Resident Retiree Visa, (v) Aliens granted permanent residence status and working visas under RA 7227
Yes. Unit owners who wish to lease out their properties may do so, and they have the option to use platform services like AirBnB and Booking.com; or they may also avail the services of SMDC’s own leasing arm, the Good Stays, for a convenient and hassle free management and leasing of their properties
Parking slots are purchased separately, and are covered by a different Condominium Certificate of Title (CCT) from the residential unit. Generally, projects have a ratio of 1:6 parking-to-residential unit ratio, which means that parking slots for purchase are limited
Generally, a unit owner can buy 1 parking slot for every 1 residential or residential-office they purchase from the same development; purchase of more than one (1) parking slot is subject for management approval.
You will receive a Transfer Certificate of Title for lots and house and lot units, while a Condominium Certificate of Title for condominium units, including parking slots. This is generally processed and released within one (1) year from full payment of the total amount payable
For buyers availing of the early occupancy program, submission of complete post-dated checks or enrollment in auto-debit arrangement facility is a requirement to be complied with prior to being eligible for move-in to the unit.
For buyers who have availed of pre-selling units or regular accounts (accounts not booked under the early occupancy program), there are added advantages on submitting PDCs or enrolling in ADA such as rebates or additional discounts, depending ont he current offer from the developer.
