Buyers Guide

You have made the right decision with DMCI Homes. Now, allow us to guide you through the process and requirements to make sure that your dream home becomes truly yours.

Dreaming of Home

It all begins with a dream. You dream to live closer to work. You dream of a second home that fits the lifestyle you want. You dream of a family home where you and your family can live comfortably. You begin to think of what you need, balance it out with what you want to come up with the perfect picture of your dream home.

DMCI Homes’ properties are a vision of the owner’s dream. The developer itself, lives it by crafting each community with expertise, and refining every detail into havens that the owner envisioned.

  1. Schedule an appointment with one of our Property Consultants for the showroom viewing. You can either send a chat message below, text, email, call or simply fill up the contact form here Schedule an Appointment Today!
  2. Choose your desired unit type based on the availability provided by your Property Consultant.
  3. Reservation Requirements :
    • Photocopy of Two (2) Valid Government ID’s – with three (3) specimen signature and must bear a photo and birth date of the Buyer.
    • TIN Number
    • Accomplished Client Registration Form and Reservation Agreement Form provided by your Property Consultant
    • Photocopy of Proof of Billing – preferred mailing address must be the same as the one used in the Reservation Agreement Form.
    • Reservation Fee
      1. P 20,000 for the Unit; P 10,000 for the Parking
      2. Reservation Fee can be paid thru
        • Cash
        • Cheque payable to DMCI PDI
        • Credit Card
        • Remittance payment thru accredited bank partners for Buyer’s abroad.

*Reservation Fee is NON-REFUNDABLE and valid for thirty (30) days only.

  1. Choose your payment scheme. Your Property Consultant will prepare a Computation Sheet for you to sign. This is a requirement in the preparation of your Contract to Sell.
  1. Contract Signing – once your Contract to Sell is ready, your Property Consultant will schedule an appointment with you for contract signing and also to address your other concerns.
  2. Final Booking – your Property Consultant will submit all required documents for the final booking. Take note of your payment schedule based on your signed contract.

Downloadable Forms:

Client Registration 2018          

             Download File

Reservation Agreement 2018

              Download File

Financing Options:

  1. 100% Cash Payment
  2. Bank Financing
  3. In-house Financing

Down payment can be paid thru:

  1. Automatic Debit thru DMCI Homes’ accredited banks
  2. Post-Dated Cheques (PDC) payable to DMCI PDI
  3. Remittance thru accredited bank partners abroad

Turnover Process

Turnover is a process wherein DMCI Homes physically delivers the unit to the Buyer.

     I. Bank Financing

As early as six (6) months prior to the scheduled completion date of the project, Buyer may process loan application. This will provide ample time to choose the bank that offers the lowest interest rate for the monthly amortization and process the documents required by the bank.

Refer to Accredited Banks (link to Accredited Banks) for the updated list. You may also contact your Property Consultant for endorsement to accredited bank officers.

     II. Bank Charges / Fees

Bank charges / fees are applicable for the loan application. Some banks waive it depending on the ongoing promo they offer when the Buyer applies for the loan.

     III. Closing Fees

This covers the Documentary Stamp Tax, Transfer Fees, Registration Fees, notarial and documentation fees and other administrative and handling fees in order to transfer the title to the Buyer’s name.

If Buyer opted to pay the Closing Fees in Lump Sum on the signed Contract to Sell, he/she may include the Closing Fees in his bank loan application. However, some banks may not cover the full amount of the Closing Fees.

     IV. Letter of Guarantee (LOG) / Bank Guarantee

Once approved by the bank for the loan application, a Letter of Guarantee (LOG) / Bank Guarantee will be sent by the approving bank to DMCI Homes Financing Department. Financing Department will then endorsed this to the Turnover Group for the unit’s Turnover Clearance preparation.

     V. Clearance for Turnover

Upon the release of DMCI Homes Turnover Group of the unit’s clearance for turnover, a coordinator from the Turnover Group will call or email the Buyer to confirm the dressing up of the unit and to inform of the tentative turnover schedule along with the Turnover Fees, which the Buyer would have to settle upon acceptance of the unit. A confirmation from the Buyer is required to start the unit dress up.

     VI. Unit Dress Up

Upon the Buyer’s confirmation to the Turnover Group, the final painting, testing and commissioning on the unit will start. The estimated unit completion is ninety (9)0 days from the date of the Buyer’s confirmation. Once the unit is ready, Turnover Group will notify the Buyer again for the exact date of Unit Acceptance.

     VII. Unit Acceptance

If the Buyer should not be available on the scheduled Unit Acceptance date, he/she must provide the designated representative the following to accept the unit:

  • Four (4) original Notarized / Consularized Special Power of Attorney (file will be provided by the Turnover Group), and signed by the Buyer as Grantor.
  • Photocopy of 2 Valid Government ID’s with three (3) specimen signature.
  • Photocopy of the Buyer’s 2 Valid Government ID with three (3) specimen signature.

Buyer must also provide the contact number of the representative to the Turnover Group for them to coordinate directly with the SPA.

During the actual Unit Acceptance and Turnover, Buyer will be asked to inspect the unit and sign the Acceptance Document that states that the unit is acceptable.

If there will be requests to rectify some items, these will be noted in the punchlist form and shall be endorsed by the Turnover Group to the Construction Group for proper action. The final turnover will be rescheduled until further notice depending on the quantity or scope of rectification works.

Once the Buyer or representative is satisfied with the unit’s condition, the unit will be immediately turned over. The Buyer will be asked to sign a Certificate of Acceptance, complete the Meralco application documents and settle Turnover Fees.

*** If the Buyer or the representative fails to inspect and accept the unit within thirty (30) days from the date of the written notice from the Turnover Group, it will be deemed that you have legally accepted the unit. Charging of Association Dues shall automatically commence from the day that your unit has been accepted or deemed accepted ***

     VIII. Property Management Office (PMO)

The Buyer or representative will then be introduced to the Property Management Office (PMO) for briefing and orientation regarding condominium policies, rules and regulations.

The Buyer or representative shall be given a Homeowner’s Manual and the complete set of keys for the unit.

     IX. Turnover Fees

Before the Unit Acceptance schedule, a computation of the Turnover Fees will be sent by the Turnover Group to the Buyer thru email and must be settled during the actual turnover date and unit acceptance.

Turnover Fees covers the following:

  • Meralco Service Deposit
  • Power Bill Deposit
  • Water Bill Deposit
  • One-time Joining Fee for Condominium Corporation
  • Monthly Association Dues: Prorated for the current month and two (2) months advance
  • Other special assessment fees
  • Fire Extinguisher

     X. Drying Area / Service Area

Materials to be used in the designated Drying / Service Area will be on the account of the Buyer. These includes the following:

  • Water Meter
  • Electric Meter
  • Piping and other plumbing materials

     XI. Association Dues

Association Dues are assessment of the community’s regular operational expenses based on the operating budget and projected expenditures for the year. Payment of Association Dues will automatically start from the day your unit has been accepted or deemed accepted and is billed monthly. Corresponding penalties and interests will be imposed on late payments.

     XII. Special Assessment Fees

Special assessment fees are collected to cover additional expenses that are not part of the Association Dues’ expenditures or those costs that the Condominium Corporation deems important for the improvement of the community such as the following:

  • Insurance Expenses on Common Area
    • Expenses covering the insurance of the buildings, amenities, and common areas of the project in case risks and natural calamities such as fire, flood and earthquake.
    • The insurance coverage initiated by the Condominium Corporation through the Property Management Office (PMO) covers the structure (building), the facilities and the equipment included therein.
    • For buyers who have their units financed via a bank loan, or owners who use their units as collateral for credit, financing or mortgage purposes, an endorsement letter or certification from the insurer of the property may be requested through the Property Management Office (PMO).
    • Unit owners/residents are responsible for insuring their personal belongings – that is furniture, fixtures, equipment, appliances, personal effects and everything inside the unit.
  • Real Estate Property Tax on Common Areas

Real Estate Property Tax on Common Areas is tax applied to local real estate based on the fair market value of the property. This Real Estate Property Tax on Common Areas is shared by all unit owners in the condominium.

Real Estate Property Tax is billed annually.

  • Major Repair and Maintenance

Major repair and maintenance covering the buildings, amenities and common areas of the project such as repainting of buildings, major repairs on structures and project’s equipment like elevators and others.

  • Purchasing of New Equipment

If the Condominium Corporation deems it necessary to purchase new equipment for the community like additional CCTV’s etc., this will be treated as special assessment.

  • Special Services

Special services like termite treatment that Condominium Corporation finds necessary to maintain the entire property may also be billed as special assessment.

  • Housekeeping and Landscaping

Formulates and implements a general preventive maintenance program covering minor repair works, pest control, and waste disposal.

     XII. Unit Warranty

The unit is backed by two (2) years warranty on workmanship from the day of acceptance or deemed acceptance. However, repair of items affected by normal wear and tear, misuse or termite infestation such as lockset, faucets, etc. are excluded in the prescribed warranty. Please note that certain warranties may be voided by alterations.

     XIV. Unit Alterations and Modifications

Upgrades, improvements and other personal alterations or modifications to your unit may only be allowed after the official acceptance.

     XV. Leasing of Units

DMCI Homes Leasing Services is the official property leasing. It offers management services and residential / commercial properties for rent or for lease.

Looking for a unit to rent / lease out? Inquire here 

     XVI. Third Party Leasing Companies

Third party leasing companies that offer short term rental / leasing period like Air BnB, Booking.com, etc. are allowed, provided that the unit owner himself / herself would facilitate the registration of the tenants and their guests to the Property Management Office (PMO). Tenants or guest must provide a copy of their Valid ID’s upon entering the project premises. This would ensure the safety of other unit owners in the community.

     XVII. Title Transfer

The title will be processed once the following documentary requirements are submitted and completed:

  • Full Payment of Total Contract Price (TCP) and miscellaneous expenses and other related costs
  • Receipt of the signed Deed of Absolute Sale (DOAS) from the principal Buyer
  • Availability of the title and tax declaration c/o DMCI Homes

      Processing of title takes approximately one (1) year.

     The following documents will be released to the Buyer after the one (1) year processing period:

  • Notarized Deed of Absolute Sale (DOAS)
  • Tax Declaration
  • Condominium Certificate of Title (CCT) or Transfer Certificate of Title (TCT)
  • Tax Receipt or Tax Clearance (Real Estate Tax)

     For accounts with Bank Financing Term, title will be released to the bank where the loan was availed.

     To receive the title, tax declaration, and notarized DOAS, the following requirements must be presented:

  • Two (2) Valid ID’s
  • If through an Authorized Representative
    • Special Power of Attorney (SPA)
    • Two (2) Valid ID’s of the Authorized Representative
    • Photocopy of one (1) Valid ID of the Principal Buyer
  • Full settlement of payment for Real Estate Property Tax
    • If cash payment, the title will be released within the day
    • If check payment, the title will be released upon clearing of check.

Accredited Banks

 

  • Asia United Bank
  • Bank of Commerce
  • BDO
  • BPI
  • Chinabank
  • China Bank Savings
  • East West
  • HSBC
  • Maybank
  • Metro Bank
  • RCBC Savings Bank
  • Philippine Business Bank
  • PNB
  • PS Bank
  • Robinsons Bank
  • Security Bank Savings
  • UCPB
  • Unionbank

Frequently Asked Questions

  1. Is the reservation fee refundable if the Buyer decided to cancel the unit purchase?
  •  Reservation Fee is valid for thirty (30) days only and non-refundable.
  1. What are the acceptable Valid ID’s?
    • Passport
    • Driver’s License
    • PRC License
    • SSS ID
    • Philhealth ID
    • Seaman’s Book
    • BIR ID
    • Postal ID
    • Voter’s ID
    • Senior Citizen ID
    • OFW ID
  1. Is the Buyer allowed to use a check that is not under his/her name for the reservation fee?
  • Make sure to submit the following:
    1. Original Letter of Authorization signed by the Account Holder of the check
    2. Photocopy of two (2) Valid ID’s of the Account Holder with three (3) specimen signature
  • Photocopy of two (2) Valid ID’s of the Principal Buyer with three (3) specimen signature
  1. Is the Buyer allowed to use Post-Dated Cheque (PDC) that is not under his/her name for the monthly down payments?
  • Make sure to submit the following:
    1. Original Letter of Authorization signed by the Account Holder of the check
    2. Photocopy of two (2) Valid ID’s of the Account Holder with three (3) specimen signature
  • Photocopy of two (2) Valid ID’s of the Principal Buyer with three (3) specimen signature
  1. How much discount will the Buyer get in purchasing a unit?
    • DMCI Homes offer standard discounts up to 16% depending on the payment scheme chosen by the Buyer.
  1. The Buyer is currently abroad and wanted to reserve a unit with DMCI Homes. Is it possible?
  • For international Buyers, DMCI Homes accepts scanned copies of the reservation documents for registration. The Buyer then has an option to assign an Attorney-in-Fact (AIF) thru a Special Power of Attorney (SPA) to represent on his/her behalf to sign required documents for the final booking.
  1. What are the requirements in assigning a representative for international buyers?
  • Four (4) original Notarized / Consularized Special Power of Attorney (SPA) signed by the Buyer as Grantor and representative as the Attorney-In-Fact.
  • Original Buyers Representative (SPA) Form signed by the representative
  • Photocopy of two (2) Valid ID’s of the representative with three (3) specimen signature
  • Photocopy of two (2) Valid ID’s of the Principal Buyer
  1. Buyer has no bank account in the Philippines. How will he/she pay the monthly down payment?
  • DMCI Homes has accredited bank partners for remittance payment abroad. Kindly ask your Property Consultant for the updated list in your area.
  • The Buyer may use Post-Dated Cheques of another person and submit the following:
    1. Original Letter of Authorization signed by the Account Holder of the check
    2. Photocopy of two (2) Valid ID’s of the Account Holder with three (3) specimen signature
  • Photocopy of two (2) Valid ID’s of the Principal Buyer with three (3) specimen signature.
  1. What are the requirements if Buyer will use a Proof of Billing not under his/her name?
  • Original Authorization to Use Proof of Billing Form signed by the Buyer and Authorizing Owner of Proof of Billing
  • Photocopy of two (2) Valid Government ID’s of the Joint Buyer/Co-owner with three (3) specimen signature
  1. What are the accepted Proof of Billing?
  • Utility Bills (electric, water, cable, phone)
  • Credit Card bill
  1. How will the Buyer request for a copy of the notarized Contract to Sell?
  • Notarized Contract to Sell will be sent thru courier to the preferred mailing address of the Buyer.
  1. Would there be an Official Receipt for the monthly payments of the Buyer?
  • Official Receipts for the monthly payments are sent semi-annually thru courier to the preferred mailing address of the Buyer.
  • Register to https://sid.dmcihomes.com to check your Statement of Account.
  1. What are the requirements in the Additional of Joint Buyer/Co-owner?
  • Original Request Letter signed by the Current Buyer with conformity of the Joint Buyer/Co-owner
  • Admin Fee
  • Reservation Agreement Form of the Joint Buyer/Co-owner
  • Verified TIN Number of the Joint Buyer/Co-owner
  • Photocopy of two (2) Valid Government ID’s of the Joint Buyer/Co-owner with three (3) specimen signature
  • Proof of Billing of the Joint Buyer/Co-owner
  • Updated Statement of Account Requested by the Current Buyer
  1. What are the requirements if Buyer wanted to Transfer the Ownership of his/her property?
  • Original Request Letter signed by the Current Buyer with the conformity of the New Buyer
  • Admin Fee
  • Four (4) original Notarized/Consularized Waiver of Rights
  • Updated Statement of Account signed by the Current Buyer and New Buyer
  • Reservation Agreement Form of the New Buyer
  • Verified TIN Number of the New Buyer
  • Photocopy of two (2) Valid Government ID’s of the New Buyer with three (3) specimen signature
  • Proof of Billing of New Buyer
  • Original Request Letter to Pull-out Cheque signed by the Current Buyer
  1. What are the requirements in the Change of Payment Term/Restructure of Payment Term?
  • Original Request Letter Signed by the Current Buyer indicating Existing Term and New Term
  • Admin Fee
  1. What are the requirements for the Change of Payment Due Date?
  • Original Request Letter signed by the Current Buyer indicating Existing due date based on the Contract to Sell and Proposed New Due Date.
  1. What are the requirements in the Transfer of Unit or Parking?
  • Original Request Letter signed by the Buyer
  • Updated Statement of Account
  • Reservation Agreement Form for the new Unit or Parking
  • Photocopy of two (2) Valid ID’s of the Buyer with three (3) specimen signature
  • Proof of Billing
  • Holding Form (Sales Department)
  • Transfer of Unit Approval Form (Sales Department)

*Terms and Conditions may apply. Contact your Property Consultant regarding the process.

  1. What are the requirements in the Automatic Debit Arrangement (ADA) enrollment?
  • Photocopy of the Proof of Account, must indicate the following:
  1. Account Holder’s Name
  2. Account Number
  • Bank Name
  1. Bank Branch
  • Four (4) original Notarized / Consularized Deed of Undertaking
  • Four (4) original Automatic Debit Arrangement (ADA) Enrollment Form signed by the Account Holder
  1. What are the accredited banks for Automatic Debit Arrangement (ADA)?
  • BPI
  • BDO
  • Security Bank
  • PNB
  • Metrobank
  1. What are reopened units?
  • Reopened units are subject for lottery in respective site offices at 9:00 AM the next day. Qualified Buyers who have submitted their reservation requirements may join the said lottery. Ask one of our Property Consultants regarding the process.
  1. What is Advanced Tagging?

Ever heard of a DMCI project that all units were sold out in just two (2) days? Yes, it is possible.

  • In Advanced Tagging, qualified Buyers who have submitted their reservation requirements prior to project launching, will have the chance to choose their desired unit type. However, lottery would still be implemented on the official date of reservation.
  1. How long does it take for the Buyer to move in to the unit?
  • Upon confirming the unit dress up, it would take approximately ninety (90) days from the date of the Buyer’s confirmation. A coordinator from the Turnover Group would inform the Buyer of the exact Unit Acceptance date thru call or email.
  1. Are pets allowed inside the unit?
  • DMCI Homes’ condo communities allow two (2) small, domesticated pets per unit.
  1. Are unit guests allowed to use the amenities like the swimming pool?
  • Unit guests are allowed to use the pool during weekdays only with an applicable fee. Buyers should ask their respective Property Management Office (PMO) of the price.
  1. Are the commercial areas at DMCI Homes’ project for sale?
  • Commercial areas are for lease only and strictly offered to unit owners of the said project. Interested parties may submit their business proposal to DMCI Homes Leasing Services for approval and bidding.
  1. How long does it take for the construction of a DMCI Project?
  • For Medium Rise projects, it would take 3-4 years to construct.
  • For High Rise projects, it would take 5-6 years to construct.
  • Some DMCI projects were delivered 6-12 months ahead of the original completion date. Buyers may opt for an early move in to their unit.