FREQUENTLY ASKED QUESTIONS
There are some important facts to understand prior to purchasing a condominium property. We have compiled a list of the frequently asked questions and answers for your convenience.
If you have a question that is not included on our list, please just give us a call (02) 8878-0178 or email us at email@example.com.
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Yes! Please approach your Property Investment Consultant (PIC) or Broker for assistance in reserving your desired unit online. To be assigned a dedicated PIC, please fill out the contact form with your details HERE
The requirements are two (2) government-issued IDs (photocopy) and reservation fee. You will also accomplish the Reservation Agreement (RA) and Buyer’s Information Sheet (BIS), and sign the Computation Sheet as well.
Down payment under in house and bank financing starts at 10% of the Total Contract Price (TCP) depending on the unit model and the floor.
For the balance, in house financing offers a maximum term of 4 years depending on the unit model and floor, while bank financing allows a maximum term of 25 years but subject to change depending on the allowance terms at the time of loan application.
Banco De Oro (BDO)
China Bank Savings (CBS)
Philippine National Bank (PNB)
Philippine Savings Bank (PS Bank)
United Coconut Planters Bank (UCPB)
Yes! Through a Special Power of Attorney (SPA, you will assign a representative in the Philippines who will coordinate with the bank on your behalf.
Yes! Foreign nationals and dual citizens (both Filipino and foreigner) can own a condominium unit at Ananda Square. However, Republic Act 4726, commonly known as “Condominium Act of the Philippines”, limits the total ownership of foreign nationals of an entire project to 40%.
Yes! Foreigners may seek approval for a home loan with an accredited local bank. They may also consider in-house financing.
Yes, you will settle the transfer cost, condominium corporation joining fee, and water and electricity connection fees.
During the turnover of your unit, the following recurring expenses will be discussed:
- Condominium Association Dues
Condo dues are used to maintain 24- hour security, cleanliness of common areas and amenities, and other necessities that enhance the living experience inside the condominium community.
- Annual Real Property Tax
Real Property Tax or RPT is assessed and computed by the city government based on the size of the property. Separate taxes are paid for the unit and for the common area.