namove na naman ang construction to March daw. my agent told me, may mali daw sa bldg permit kaya nadelay. hotel daw ang nakalagay sa permit. is that possible?

other investors, can you also verify with your agents?

if ayalas plan to put up something in ortigas,i prefer to put it on the a big chunk of land at the back of Mplace. yung madaming sasakyan impounding area ng MMDA yun. If Ayala puts up a shopping area, ganda yung place na yun. anlaki! syempre dagdagan na lang nila ng residential. yung mga sides are the napapaligiran na sya ng ortigas CBD, Valle Verde etc. that's a nice place to develop. hehe


That MMDA area may soon be the thing of the past as 4 developers, including Ayala Land, are eyeing the on that 2-hectare land.

I pass by that area on a daily basis and it is indeed problematic. I got used to it though. Hope this new development will give ample space for pedestrian traffic.

http://artotoy.com/wp-content/blogs.dir/1/files/products_img/1308785502_M-Place_Ortigas_Pasig.png


Four developers air interest in Ortigas property (http://www.bworldonline.com/content.php?section=Corporate&title=Four-developers-air-interest-in-Ortigas-property&id=46617)
Posted on February 12, 2012 10:14:40 PM, http://www.bworldonline.com

AT LEAST four developers could be pitted against each other for rights over a prime, state-owned property in the Ortigas business district, which should be auctioned off this year.

Filinvest Land, Inc. and Robinsons Land Corp. aired interest in bidding for the Government Service Insurance System’s (GSIS) 18,498-square-meter (sq. m.) lot while SM Development Corp. and Ayala Land, Inc. said they were studying their prospects.

The lot, which is currently used as the impounding lot of the Metro Manila Development Authority (MMDA) is among GSIS’ assets slated for the auction block.

This comes on top of the old Manila Jai-Alai property in Ermita, Manila and the former GSIS office in Makati City which the state agency is looking to sell off as well.

“Filinvest Land is interested in joining the bidding for the MMDA impounding area. At least right now, we believe it’s a good area, and we’re really keen in participating,” Adrian V. Bancoro, Filinvest Land corporate information officer, said in a telephone interview last week.

Robinsons Land -- which already has a sizeable presence in Ortigas with its mall, hotels, and office building there -- similarly said it was eyeing the area.

“Robinsons [Land] has consistently expressed its interest in several GSIS properties, especially those that are really strategic such as the MMDA lot,” Edgardo Samson, Robinsons Land project manager, said in a separate telephone interview.

“We will be interested but it will depend on how GSIS values the property and the existing values of the surrounding areas,” Mr. Samson said.

Ayala Land and SM Development, for their part, said they were looking into the area.

“Ayala Land is always on the lookout for properties in strategic areas, so we will definitely study the MMDA site,” Pamela Ann T. Perez, Ayala Land investor communications and compliance head said in a telephone interview.

Jose T. Gabionza, SM Development’s vice-president for business and development meanwhile said: “We are going to look into it. We have to study a lot of things before we do participate or acquire the lot.”

SM Development is currently building M Place @ Ortigas, a condominium at the back of the MMDA property. The SM Group also has a mall in the area.

....

Robinson Land can be the top contender for lot since they are really eyeing Ortigas to be their turf, nonetheless while rumors spreading that SMDC eyeing a buy-out on Ortigas land, it can also be a feasible take-out for SMDC if deals push through.

Read about this today. And this is good news for Mplace if Ayala gets their hands on this.

sana ayala na lang kasi pwede pa maging supertall kung sila at mas maganda pa sa smdc at sa robinsons

sana ayala na lang kasi pwede pa maging supertall kung sila at mas maganda pa sa smdc at sa robinsons

Hindi yata ganun ka-Hot si Ayala sa property..isa pang conservative yan eh.

talaga...sana naman magkaroon ng Ayala sa Ortigas...para in the future, pwede lakarin.

Hindi yata ganun ka-Hot si Ayala sa property..isa pang conservative yan eh.
mas ayoko naman ung smdc at robinson , megaworld kaya :)????

Ayala mall n lang. Meron ng SM at Robinson galleria sa ortigas. Why ayala should get that property?
Podium - super liit
Rob galleria - small p rin. Luma pa
Sm - overcrowded n masyado. Nakakalula sa dami ng tao.

Working people in ortigas need a beautiful, large and not so overcrowded place. Yung
Parang greenbelt sa makati.

Mall sa baba residential sa taas.

i have a unit here at the 7th floor overlooking antipolo, im planning to sell it with only Php20k profit, anyone interested to assume my unit? i got mine for only Php1.2m just assume it. pm me if interested.


Hows ur condo in My Place Ortigas
IM planning to buy too

Currently, Running rate in that area is around 70k up to less than a 100K per sqm..


Ask ko lng why wala sa sm website ung mplace ortigas ..meron ba pending case ...mas mura pala sa mypo

it's here

http://smdevelopment.com/smdc/?p=1594

http://smmplace.com/smmplace/index.php

Ask ko lng why wala sa sm website ung mplace ortigas ..meron ba pending case ...mas mura pala sa mypo

Any buyers of Mplace Ortigas here also?

Bad news guys: Renaissance association has just filed a case against SMDC regarding this property. Kakatapos lang daw ng 1st hearing actually...

This is very bad news. Clearly, this project will not finish by Dec 2014 as they promised. I'm already writing a letter of complaint, and I plan to withdraw my post-dated checks for now.

Any lawyers here on what we can do with this situation, just in case SM refuses to give back and hold payments of Mplace Ortigas checks?

Any buyers of Mplace Ortigas here also?

Bad news guys: Renaissance association has just filed a case against SMDC regarding this property. Kakatapos lang daw ng 1st hearing actually...

This is very bad news. Clearly, this project will not finish by Dec 2014 as they promised. I'm already writing a letter of complaint, and I plan to withdraw my post-dated checks for now.

Any lawyers here on what we can do with this situation, just in case SM refuses to give back and hold payments of Mplace Ortigas checks?

if true, this can drag on unless Tito Henry slaps local government with a payola.

if true, this can drag on unless Tito Henry slaps local government with a payola.

Payola again.... Guess who is going to pay ...... Kawawa na naman ng mga future unit owners ng MyPlace, no turn over yet, may mga nakapila na na mga assessment to reimburse Tito Henry........ Wa !!!!!

Any buyers of Mplace Ortigas here also?

Bad news guys: Renaissance association has just filed a case against SMDC regarding this property. Kakatapos lang daw ng 1st hearing actually...

This is very bad news. Clearly, this project will not finish by Dec 2014 as they promised. I'm already writing a letter of complaint, and I plan to withdraw my post-dated checks for now.

Any lawyers here on what we can do with this situation, just in case SM refuses to give back and hold payments of Mplace Ortigas checks?

As far as I have known, SMDC was the one who filed a case against RCHAI.

As far as I have known, SMDC was the one who filed a case against RCHAI.

Yup. I think so too. I heard that SMDC bought the land at the back of Renaissance (where MPLACE will be built) with the right of way and is now asserting that the agreement and the terms of sale will be met accordingly.

Can somebody confirm this?

unless there's a TRO, SMDC should just start the construction. Same as what they did with Blue residences. Walang magagawa ang RCHAI dyan. Kung ayaw pala nila tabihan, RCHAI should have just bought the lot. Better Mplace than keep the land idle na babahayan na naman ng mga squatters.

As far as I have known, SMDC was the one who filed a case against RCHAI.

I just talked to an officer of Mplace Ortigas. He is confirming that SMDC is filing a case against Renaissance to take down the big tarp on their property...

With regards to Renaissance filing against SMDC, that I do not know and cannot confirm...

It is possible that there are 2 cases. Just wish someone would know which Regional Trial Court are these cases being filed so that us the public can see transparently

Actually both parties have different claims so they filed their own countercharges..

Actually both parties have different claims so they filed their own countercharges..

Hi Bevepi.. are you from SM? In-house? do you know where they have filed their court cases?

Hi Bevepi.. are you from SM? In-house? do you know where they have filed their court cases?

Hi terman,

Yes in-house. I think Pasig RTC. I have to double check. Update you soonest with this case filed by SMDC.

Hi terman,

Yes in-house. I think Pasig RTC. I have to double check. Update you soonest with this case filed by SMDC.

Thank you very much...

Im sure you also have clients with this project. We need to know what's really going on, instead of relying on hearsay

more than these cases being filed by SMDC and Renaissance against each other, my biggest worry about this investment is the rumor that the Renaissance lot is sitting right on top of the fault line. is there any truth to this?

Read the blog below. i checked the Phivolcs site and the map there is showing the fault line far away from Renaissance. I also heard from some brokers about this rumour so I dont know if there is any truth to this. even the megatent and MMDA lots are "supposed to be" directly sitting on the fault line based from the blog below so if anyone puts up a building there, I'm not sure if it will make money. I don't mean to scare investors away, I've been hoping they put up something in Megatent and the MMDA lot (mall or residential) but someone has to disprove this rumour.

http://junfuderanan.blogspot.com/2011/11/do-you-live-or-work-near-marikina-fault.html

The map in this link is just totally way off. The one provided by Phivolcs is more detailed, more scientific and for me more reliable because it is backed up by other reputable international institutions.

It would have merit if the map provided was done by someone who has first hand research, but by his disclaimer alone, it is already questionable.

Disclaimer: Data used to support this article were obtained from geologic reports made available through the Internet, and from some original topographic maps provided by friends.

Thank you very much...

Im sure you also have clients with this project. We need to know what's really going on, instead of relying on hearsay

Your welcome.

No I don't..our group is focused with the QC project of SMDC.

Regards

more than these cases being filed by SMDC and Renaissance against each other, my biggest worry about this investment is the rumor that the Renaissance lot is sitting right on top of the fault line. is there any truth to this?
http://junfuderanan.blogspot.com/2011/11/do-you-live-or-work-near-marikina-fault.html

Rumor is not true apparently. I asked the same thing in this thread last year, one of the forumers uploaded the map with fault line. The properties are not sitting on top of the fault line... malapit ng konti, but not on top. Mas delikado pa daw some parts of Valle Verde.

Rumor is not true apparently. I asked the same thing in this thread last year, one of the forumers uploaded the map with fault line. The properties are not sitting on top of the fault line... malapit ng konti, but not on top. Mas delikado pa daw some parts of Valle Verde.

if i am not mistaken the fault line is somewhere along lanuza on the side of c5 road.

i actually believe the map of phivolcs. the fault line seems to be somewhere crossing valle verde 3 (back of st pauls) all the way up to back of valle country club then thru the motels in pasig.

it is near but not directly sitting on it.

ps. i just realized that those checked-in in the motels might not feel the earthquake in case it happens :)

ps. i just realized that those checked-in in the motels might not feel the earthquake in case it happens :)

hehe .. can you elaborate :lol::lol:

Any news? When will the groundbreaking be? Also, how will the construction materials / trucks / cranes be able to pass to go inside the site? Saan kaya sila papadaanin? Isn't the Rennaissance entrance too small? Will they be able to fit? Or will they be allowed to pass through the MMDA lot? Katabi lang nun right?

Any news? When will the groundbreaking be? Also, how will the construction materials / trucks / cranes be able to pass to go inside the site? Saan kaya sila papadaanin? Isn't the Rennaissance entrance to small? Will they be able to fit? Or will they be allowed to pass through the MMDA lot? Katabi lang nun right?

^^ exciting din ito i-monitor. Hope it moves na. maraming investors na din ang inip dito.

4th quarter 2014 to diba? mabilis lang din naman gumawa ang SM. di pa naman siguro to delayed.

http://i246.photobucket.com/albums/gg108/vavaboom2k7/IMG_5468.jpg
From this picture, we can clearly see terribly difficult mobility in constructing the project, since everything and everyone involved in the construction will have to pass thru the main gate of Renaissance. Now I understand why there is a very strong objection from the community, not just about money.

Better for SM to just negotiate on acquiring the property at the front (the one with Romarinda College on its roof) if still possible.

Note that there is a creek separating the property from the MMDA lot adjacent to it.

on -hold pala to??

Really? Is this on-hold? What will happen to those who invested already?

why not build road above the creek?

Can a buyer get a refund of his investment if a condo development is on-hold? Or meron po bang maximum period na on-hold ang development before buyer can claim back for all his payments?

I don't think it's on-hold, if you base your answer on whether SM is still actively selling the project, because they still are. But construction has not started until now as seen on the latest pic above.

nakulong pala siya ng apat na properties. Ang right of way ba ay yang daanan ng renaissance?

I'm actually very worried about this development. When it was first offered, my agent said that target completion is last quarter of 2013 to first quarter of 2014. It's almost 2nd quarter of 2012 and no movement whatsoever. And now on the website it says that target is last quarter of 2015? It doesn't help that the agents that I'm intouch with doesn't have a clue when the start of construction will be. Can the early investors just pullout especially since there is no clear word how they will settle the dispute with Renaissance Homeowners Association? plus the fact that they just keep postponing the target date of turnover. Are there other investors here? What's the best way to go about it? just wait see? When will construction start? Is there someone from SMDC who can shed light on this?

you are on SM's side so this project will definitely get built unless they drop this altogether when they foresee that a court room battle can create considerable dead weight on their profit plans and resources. Knowing SM, inexhaustible and resources nyan. Yun nga lang mukhang nasa losing end ang SM since its not renaissance that gets delayed in the process. delaying tactics sa courtroom will not favor them this time.

nakulong pala siya ng apat na properties. Ang right of way ba ay yang daanan ng renaissance?

Yes. Their main entrance, to be exact.

gondola ride on the creek ^^

No movement whatsoever... :(

MAY 2, 2012

http://i1262.photobucket.com/albums/ii605/superboyish/mortigas.jpg

I still remember before I signed for this development last 2010, the agent told me that turnover will be last quarter of 2013. Honestly, with the way things are moving, I don't think they'll even finish this by 2015.

And as per my schedule of fees, I'll be done paying with my down payments' by 2nd quarter of 2013, does that mean that I have to pay balance even though the building hasn't started yet? Anybody from SMDC who can answer this, my agent has moved to other company already and I don't know where to get my answer.

Really WRONG decision from my part.

@superboyish: bad decision for us also. We received an official statement/document that the new turnover date is now 4th quarter of 2015. To think that the initial turnover date was 4th quarter of 2013. We decided that we're going to pull out our money this time. They keep moving the date of completion to the point it's not practical anymore to continue this investment. We're paying rent and at the same time, we're paying for a condo that doesn't even have clear date of completion!

The problem is for us to pull out our cheques and money we have to sign a contract that only favors SMDC. With that contract/request they will have more leverage against us buyers. I believe may isang clause dun na bawal magdemanda ang buyer kung ano naman napagdecisionan ng SMDC. We're going to consult a lawyer regarding this and we'll update you guys with what will happen.

For those who plan on investing in mplace ortigas, beware nalang guys. Di magandang investment to. Naawa ako sa fiance ko kasi all her savings, napunta dito and till now walang nangyari.

For those naman na nakapaginvest na and who wants to pull out their money, act now! isipin nyo nalang ginagamit ni SM ang pinaghirapan nyong pera and yet di nila madeliver yung end nila.

That is so sad to hear. Since when did you start paying? I'm paying for more than a year now and still don't have my CTS. I've been requesting for it to be sent since last year and they said that it still hasn't been signed though they regularly encash my PDC's come the monthly dues. Please do keep me posted.

We're paying for almost a year now. 11th month exactly. The worst part is they didn't give us any receipts since we started paying. They keep giving BS excuses about it.

Regarding the CTS, I believe we have that. It was delivered to us 5 months ago. I have to double check it with my fiance.

Ok, please do keep me posted. I might actually just pull out given that they still don't have a clear date of when construction will start. It's May already, and they are still having problems with Renaissance Homeowners, and I believe it's already in the courts and may take time to be resolved. If they start early next year, given the 4 to 5 year conservative time period, unit might be ready come 2017- 2018. Sorry but I don't think I have that luxury of time.

parang di tuloy:(

@superboyish: That's for sure. di kami titigil hanggat di namin nakukuha pera namin.

@tita01:what do you mean di tuloy? sa nangyayari ngayon, I wish di na nga matuloy. lokohan na kasi nangyayari.

Wala bang option to transfer to another my place project?

Wala bang option to transfer to another my place project?

Even if there is, I don't think I'll go for it since one of the primary reasons I invested is because of the location.

This is just messed up. I also heard from someone that the project may indeed not push through at all because of all the problems.

But at the very least, SMDC should issue a statement explaining what's the real score with this development. I actually have a number of friends who are thinking of investing here as well, but I didn't have a choice but to discourage them when asked about my take as an early investor. I mean pushing your target date of turnover to 2 to 3 years further is not a good sign. And worse hanggang ngayon tuloy-tuloy pa rin sila sa pag-presell kahit alam nilang the development is really problematic.

Wala bang option to transfer to another my place project?

meron option kaso daming paper works. inexplore na namin yang option na yan. we planned to transfer to light kaso super panget na nung offer. super taas na ng floor and super mahal na. If hihintaying yung isang tower, 2015 din matatapos. ganun din.

@superboyish: see below their new official reason why there is a delay of the mplace ortigas project.

http://i39.photobucket.com/albums/e167/raff_0819/1-11.jpg

their excuse of providing more parking slots in the building seems a lot of bull. i don't think that is the primary reason for the delay.

there is still a pending case with the renaissance owners and this is the real reason for the delay. i won't be surprised if this project does not push through or if ever it pushes through, it can drag for years.

I really think this is almost synonymous to scam. What irritates me is that they still continue in collecting payments even though they know very well that there is a big possibility that this project will not push through with all the problems that they are facing right now. I'd really want to stop this kind of practice, it is very one sided and doesn't protect the side of the buyers. Is there a law in HLURB regarding or prohibiting this? I think it is but time to expose this unfair practice.

I agree na parang scam na ginagawa nila.

I'll post other documents here if I have time tonight. Like yung request form para magback out na tadtad ng condition na magbebenefit lang sila.:bash:

I hope dumami pa buyers na magpost dito at magshare ng experience nila. Hopefully marami tayo na gusto ng umatras dito.

I'll post other documents here if I have time tonight. Like yung request form para magback out na tadtad ng condition na magbebenefit lang sila.:bash:


Please do, so that other would be buyers will not be duped into investing into this trap.

http://i39.photobucket.com/albums/e167/raff_0819/BuyersRequestForm_070810-1.jpg

check clause 2 and 8. lalo na yung 8. sila na nga magdedecide kung ano gagawin sa pera natin, wala ka pang magagawa kung ideny nila request. bakit kailangan sila magset ng mga condition kung magrerequest ka lang magback out? like I posted before, they're the ones who cannot deliver. ok lang naman magbayad, basta deliver nila ang project. kung ihold yung project, wag muna silang kumuha ng mga pera sa mga investors.

the 2 clauses are unenforceable from the very beginning, so you can file any lawsuit as the document will not stand in the court of law.

hi guys! i'm new sa forum na to. I also invested sa Myplace and almost 1 year ng nagbabayad ng downpayment. It's disappointing to hear na baka di matuloy tong project na to. Lalo na for us siguro na first time investors. Please keep us posted kung ano ang updates on this project and kung pano mag-back out dito in case. Thanks po!

oh good, nadagdagan tayo. I know there are lots of us here who are already disappointed with the project.

We're going to send the request form (above post) this week attached a written letter/complaint that we're not agreeing with clauses of the document they provided. Let's see what smdc will do. We'll keep you posted.

We're also planning to file a complaint to BIR because they are not issuing us receipts ever since we started paying them(smdc).

Pwede pa ba kayo mag pull out from this? I almost bought 2 units here, wAs choosing between this and pearl. Goodluck! Hope maging ok.

Pwede pa ba kayo mag pull out from this? I almost bought 2 units here, wAs choosing between this and pearl. Goodluck! Hope maging ok.

magpearl ka nalang. ongoing na ang pagtayo ng pearl.

I believe pwedeng magpull out. I'm not sure kung makukuha lahat ng pera. for sure pahirapan.

May isa kaming document dito na pag ang developer ang nagkaron ng problema, may right na magpull out ang investor.

Pwede pa ba kayo mag pull out from this? I almost bought 2 units here, wAs choosing between this and pearl. Goodluck! Hope maging ok.

PM me pag pearl..pa bigyan pa kita special discount sa agents ko before..I think you have inquired with me before. Thanks

hay naku....i also invested sa MPlace...kasalanan ni Kim chiu to. Napa-invest ako dahil sa kanya. hahaha

oh good, nadagdagan tayo. I know there are lots of us here who are already disappointed with the project.

We're going to send the request form (above post) this week attached a written letter/complaint that we're not agreeing with clauses of the document they provided. Let's see what smdc will do. We'll keep you posted.

We're also planning to file a complaint to BIR because they are not issuing us receipts ever since we started paying them(smdc).

Hi... I was just reading your post. It s really sad. No matter how you look at it , it is still your money until they have delivered what they promised. Just an observation, I checked this project a way back and the initial problem was that they did not have license to sell from HULRB . They avoided the issue by just asking us to issue Checks and not deposit it until they get their License to Sell. So when they announced that they have a Temporary License to Sell, we thought it was to comply with rules in pre selling. to my disappointment , when I checked with the records Department, NO LICENSE TO SELL WAS ISSUED IN FAVOR F THE M PLACE ORTIGAS PROJECT, I even gave them a copy of a brochure with the Temp License to Sell Permit, HULRB records director told me there no record of that number and there is no such Animal. No temporary license is provided for in the law...therefore they can't issue one. A temp license is just athat temporary with expiration. I think sa school grades it's called incomplete . This is the sad part, the only reason they "negotiated" with some corrupt HURLB personnel to issue a "temporary License to sell" was that the law s very clear, they, SMDC cannot encase your checks, probably worth Hundreds of Millions, unless they have a REL LICENSE TO SELL. So . They got one, TEMPORARY LICENSE TO SELL nga Lang .... Fake........ Bahala na kayo mag conclude......

This is something serious. I really do hope that somebody from SMDC can answer all these issues. I actually called them as well and the people HULRB said that there was no LTS issued for this project. How come they are able to encash the cheque payments? Isn't that against the law?

ang pagbili ng ariarian ay para may magamit hindi para mapunta sa wala ang pera

di masama ang pagtitipid lalo na sa pre-selling, ang masama ay kong di natuloy ang proyekto, ang pera ay nagiging "stock" na wala sa stocks:lol::lol::lol:

norman white (http://www.skyscrapercity.com/member.php?u=934716): Thanks for sharing. That's interesting. I have to verify that to add to our complaint letter.

hi po sa lahat! pano po ba magback-out? kumuha din kasi kami ng 2 units kaso may problem naman pala yang mplace sa ortigas. sino sino po ba gusto magback-out baka naman pwede sumabay? :D

hi po sa lahat! pano po ba magback-out? kumuha din kasi kami ng 2 units kaso may problem naman pala yang mplace sa ortigas. sino sino po ba gusto magback-out baka naman pwede sumabay? :D

I think there is strength in numbers. Ako din, I gave them a letter already asking them to explain the real situation of this development and kung ano ba talaga ang problem nila pero parang wala silang panahon. Parati na lang hindi available yung project director. They said that they will get back to me regarding my request to back out, and that's already more than a week ago.

Baka we can all meet and go there together? I swear, the after sales service is non existent, useless din ang customer service!

tara na set natin kung kelan. kung gusto nyo ipatulfo na natin. hahahaha

this is sad and frustrating for the investors..

Unfortunately, SM ang kalaban.. it might be difficult to get media's support on this (tulfo, ABS or GMA) given na SM ang babanggain..

Just an update.

Nakuha ko na mga PDC na binigay namin for this year. Sa ngayon we're working to get the refund.

For now pumayag sila na iprocess request namin without signing/agreeing with the clauses included in the request form. Hopefully full refund kasi medyo malaki din yun. wala naman silang nadeliver so dapat maibalik yung pera namin.

Just an update.

Nakuha ko na mga PDC na binigay namin for this year. Sa ngayon we're working to get the refund.

For now pumayag sila na iprocess request namin without signing/agreeing with the clauses included in the request form. Hopefully full refund kasi medyo malaki din yun. wala naman silang nadeliver so dapat maibalik yung pera namin.

Kindly keep us posted here. I too would really like to get my money back. Really wrong decision, I should have not jump quickly, with the location and the price, it was just too good to be true. I swear, never again with this developer!

why is it too good to be true...not to plug or anything as I'm not an agent, but the Pearl is cheaper, better location and right on track with construction.

I think SM probably thought they can bully renaissance into sharing their driveway. there is no problem with the feasibility of the project. there's just legal impediment.

4th quarter 2014 to diba? mabilis lang din naman gumawa ang SM. di pa naman siguro to delayed.

turnover is moved... 2015

I am kinda confused. What is wrong with the project?

I am kinda confused. What is wrong with the project?

There are lots of things actually. First, when they approached early investors around 2010, they said that turn over was last quarter of 2013. I was one of the first few buyers. Unfortunately, after paying my reservation and submitting my pdc's, I never heard from my agents again. I never knew that there were problems with Renaissance Homeowners Association, problem is the right of way, though SMDC is insisting that they have papers to prove otherwise.

Now, I just heard that from last quarter of 2013, project will be moved to 3rd or 4th quarter of 2015, there was two years delay from their original plan. They were saying that they had difficulties on securing building permit because of resident to parking ratio, so they had to re-adjust the building plan.

Unfortunately, we're halfway done 2012, they still don't know when they will start construction, no movement whatsoever from the site. And there are a lot of other problems with different buyers. Some buyers haven't received receipts, I haven't even received my reservation agreement and my contracts, and yet they are continuous in encashing PDC's.

And from last I heard they still don't have license to sell, only temporary license from HLURB. Sad part is, there is no after sales service. I kept on calling their customer service regarding my case and they always say that it is in the process (this has always been the case for almost a year now, and no word yet from their project director).

Again, the process is just too tedious, they can't seem to explain what is the problem with everything, with the project, with the building plan, with the final turnover. And with all these trouble, I really don't think it is worth it even though the location is promising.

Now, I just heard that from last quarter of 2013, project will be moved to 3rd or 4th quarter of 2015, there was two years delay from their original plan. They were saying that they had difficulties on securing building permit because of resident to parking ratio, so they had to re-adjust the building plan.

AFAIK, they need approval from HLURB for this. You can call HLURB to verify.

Unfortunately, we're halfway done 2012, they still don't know when they will start construction, no movement whatsoever from the site. And there are a lot of other problems with different buyers. Some buyers haven't received receipts, I haven't even received my reservation agreement and my contracts, and yet they are continuous in encashing PDC's.

You can ask Customer Service anything about your MPOR account. They can advise you when your CTS was mailed out, and abt your ORs. You can arrange for OR pickup, if you wish.

I am not a big fan of pre-selling, unless there's really a good deal and the developer is prestigious and focused. 3 reasons : 1 developer delays the project, that means, talo ka if you need to live in the unit already; 2 developer fast tracks the project, talo ka kasi they sacrifice quality of build and cost to finish soon; 3 developer on schedule but delineates on the plan, talo ka kasi wala na magagawa.

I am not a big fan of pre-selling, unless there's really a good deal and the developer is prestigious and focused. 3 reasons : 1 developer delays the project, that means, talo ka if you need to live in the unit already; 2 developer fast tracks the project, talo ka kasi they sacrifice quality of build and cost to finish soon; 3 developer on schedule but delineates on the plan, talo ka kasi wala na magagawa.

Hi Coniocondo, which project or developer met your criteria? I saw you are saving for a condo too, so I am sure you have done your research. Thanks.

You can ask Customer Service anything about your MPOR account. They can advise you when your CTS was mailed out, and abt your ORs. You can arrange for OR pickup, if you wish.

I actually did this countless times already, called customer service more than ten times, visited their SM MOA office more than twice, all within the span of a year. And all they can say is that it is in the process already, and that the reservation papers are about to the signed, and this is after a year has passed since I gave my reservation fee and PDC's. I religiously followed it up twice or thrice a month, and again they can't seem to answer me straight what is happening with my papers and my contract. Two days ago I called again, and the same reason was given to me, it is in the process.

The CTS of my MPOR client was delivered to his mailing address by AIR21 courier. I think 1Q of 2012. After he signed, I personally delivered the CTS to SMDC so I would know the tracking of his docs. I just cant understand abt the "reservation papers to be signed" and what type of "process" you are referring to. Is it process for your CTS issuance or process for your backout letter?

If you will call CS and ask if you can defer paying the turnover balance since there is a change of Turnover date of 2years, they will say it's not possible. (Dont shoot the messenger). If you have time, better go directly to the SMDC ofc and talk directly to the person in authority who can address this. Customer Service and agents/brokers like me can only act as liaison, but we are not the decision makers. Iba pa rin kc pag client na ang nagpunta at kausap.

The CTS of my MPOR client was delivered to his mailing address by AIR21 courier. I think 1Q of 2012. After he signed, I personally delivered the CTS to SMDC so I would know the tracking of his docs. I just cant understand abt the "reservation papers to be signed" and what type of "process" you are referring to. Is it process for your CTS issuance or process for your backout letter?

If you will call CS and ask if you can defer paying the turnover balance since there is a change of Turnover date of 2years, they will say it's not possible. (Dont shoot the messenger). If you have time, better go directly to the SMDC ofc and talk directly to the person in authority who can address this. Customer Service and agents/brokers like me can only act as liaison, but we are not the decision makers. Iba pa rin kc pag client na ang nagpunta at kausap.


Sir, I know that customer service/ agents and brokers can act only as liason, but what do I need to do to get an answer about my situation? I actually went to the MOA office twice, I was asked to queue in the customer service section. I asked why I haven't received my Reservation Agreement and my contracts, and after waiting for quite a time, the person in the window told me that my Contracts haven't been signed yet, and is still in the process. And when I reiterated if I shall be given a reservation agreement, they told me - that the sales team still has to forward my details. (I actually don't know what this means, I'm actually at lost already). I asked what will be my next step, and they said that I can follow it up again and they gave me a number. I wanted then to talk personally with the project director or somebody who is in authority but they said that they are in a meeting. Surprisingly this was also the reason they gave me when I followed it up by phone. What I didn't like is that I had to learn from different websites on the delay of turnover. Shouldn't they write letters to investors regarding the delay explaining the reason for it? I didn't received any. a call explaining to me would have helped. Delays are but usual in all developments, but a two year delay I think is a bit too much.

Now I don't really know what to do, I followed it up by phone, followed it up personally in their office and I still have no clear response. After a year of waiting with no word whatsoever, I decided to complain and I told them that I want to pull out. Again, they said that they will forward my concerns and will get back to me as soon as possible.

^^
Miss po ako...:nuts: Sent you PM. Thanks!

Sorry Mam po pala. :) sana pala kayo na lang yung naging agent ko, kasi my agents both the broker and the sales agent can't explain to me the real problem. Last I heard from them wala na raw sila sa SMDC, so I'm left alone to follow up everything.

What I actually don't get is shouldn't I see and sign the CTS first before SMDC signs it? I am lost really.

What I actually don't get is shouldn't I see and sign the CTS first before SMDC signs it? I am lost really.

I guess it's a standard procedure that client signs first before the developer's signatories sign the CTS,from there developer will Notarize the CTS to make it a public document, then copies will be sent out to respective buyers..

I guess it's a standard procedure that client signs first before the developer's signatories sign the CTS,from there developer will Notarize the CTS to make it a public document, then copies will be sent out to respective buyers..

That's what I thought as well, so I really don't understand when they told me that my CTS is still with them and still waiting to be signed, while I still haven't seen it myself and signed it.

That's what I thought as well, so I really don't understand when they told me that my CTS is still with them and still waiting to be signed, while I still haven't seen it myself and signed it.

It's best to visit the office of SMDC. Hope for the best.

It's best to visit the office of SMDC. Hope for the best.

I did. Twice. Main office of SMDC in MOA. They told me that everything is still in the process. They will look into it. Almost a year has passed and no word still.

As of yesterday, nakahold lahat ng units ng Mplace Ortigas..

As of yesterday, nakahold lahat ng units ng Mplace Ortigas..

What happened? Is there an official explanation for this? Nakahold or naka-hold na, meaning it's almost sold out already or may problem again ang MP Ortigas?

As of yesterday, nakahold lahat ng units ng Mplace Ortigas..

I called Mplace, di naman daw totoo to. Can you be more specific with the details of this news sir/mam?

I called Mplace, di naman daw totoo to. Can you be more specific with the details of this news sir/mam?

Nakahold po lahat ng unit. Probably 'di pa po updated ang kausap nyo.
I'm sure. Just checked again today. If you want to verify, casually ask any agent of Mplace Ortigas which units are still available as of today. :)

When we asked the reason, it's good news daw. They now have an agreement with Renaissance, and they're complying with the agreement daw. I'd like to give them the benefit of the doubt.. for now.

I hope they can finally resolve the issue. Kawawa naman mga investors dito.

question: hindi ko pa nga pala pinirmahan yung contract to sell na pinadala sa akin, pero continues parin yung pagbabayad ko. sa tingin nyo pag nagback-out ba ako makukuha ko pa ng buo yung pera ko? thanks!

question: hindi ko pa nga pala pinirmahan yung contract to sell na pinadala sa akin, pero continues parin yung pagbabayad ko. sa tingin nyo pag nagback-out ba ako makukuha ko pa ng buo yung pera ko? thanks!

Malabo to get it back in full. How many months have you paid? To be honest, i don't think there are developers who will refund in full. I understand your concerns about the project, but in reality mukang malabo talaga mag balik ng full ang developer.

@robluat
i think 8 months palang kami nagbabayad for 2 units.

Kami din we want to pull out our investment na from this project. 3 units pa nman kinuha namin, 4 months pa lang naman kami nagbabayad pero almost 165K na rin yun kasama reservation. Im writing an email now sa isang Sales Director, sabi nya send daw ako ng email regarding the complains and escalate nya. lets see what happens. to other investors, baka pwede nyo share status ng mga request nyo to pull out? and also sino mga tao nakausap nyo? we are overseas kasi kaya hindi namin mapuntahan yung office mismo nila.

@earvinpaul: waiting parin kami sa status ng refund damin. 2 months daw processing.

we're hoping to get a full refund. ok narin nga sakin kahit sa kanila na yung down.

basta irefund nila yung 11 months namin na payment. wala naman kami napala sa project na to. ni isang bato wala naman silang inangat sa site.

I think its a better idea to consolidate all your complaints. Pag sama sama it would have stronger impact. I do hope you can get full refund. Sobrang delayed and nothing happened sa site.

tama si robluat. siguro mas ok gumawa tayo ng letter tapos pirma tayong lahat na investor tsaka tayo pumunta sabaysabay sa office nila then magfile narin tayo ng complain?

@gundamg5 i just like to ask your procedure on how to pullout or terminate the contract ? with refund . . . tnx

@gundamg5 i just like to ask your procedure on how to pullout or terminate the contract ? with refund . . . tnx

There is a BRF(Buyers Request Form) po that you will need to fill out.

hi to all,
im in ofw . my friend and i , took units in mpo since we were coordinating very well to the agent since 2010, we signed cts and gave the pdc .



is there any of you tried to pullout their pdc and received reimbursement?

thankyou . . .

This is just bad news, suddenly there seems to be a mass backout in this project. If a big number of buyers indeed pullout from their investment then this will prove to be catasthropic for MPOR, and I think it will be even more implausible for this project to continue.

This could have been avoided, only if the developers were transparent from the start. I think the project was haphazardly green lit, and should have been cleared first of all problems and technicalities before they offered it in the market. Too bad because it was a promising project from SMDC.

Nakahold po lahat ng unit. Probably 'di pa po updated ang kausap nyo.
I'm sure. Just checked again today. If you want to verify, casually ask any agent of Mplace Ortigas which units are still available as of today. :)
Paano po ba mag refund? meron din po ako nakuha na unit sa m place. thanks

Malabo to get it back in full. How many months have you paid? To be honest, i don't think there are developers who will refund in full. I understand your concerns about the project, but in reality mukang malabo talaga mag balik ng full ang developer.
d ba po hindi naman namin kasalanan yun, baka naman po buo pa din yun makukuha

Paano po ba dapat gawin para ma refund yung binayad namin in full?

Paano po ba dapat gawin para ma refund yung binayad namin in full?

Depende kasi kung ano naka lagay sa contract or what's the company policy pag sila ang na delay sa construction. Most developers does not refund, but pwede niyo i try kasi parang exception to the rule naman ang M Place since mahaba na ang delay and nothing is happening sa site. If the project will not push thru im sure they will refund, pero if ttuloy pa rin, mahaba lang nga ang delay, baka they will not agree but again it depends sa policy nila.

salamat sa info, meron na ba naka refund sa m place ortigas?

may sinabi ba sila syo about sa percentage na makukuha mo sa refund? I am planning to refund my deposit na din. salamat

nagtext yung agent namin today at sabi naresolved na daw yung issue with renaissance.. totoo kaya ito?

Hi guys! Im new here but ive been following your threads for quite a while. Obviously, Im a buyer of the disappointing Mplace Ortigas project also. At first I just wanted to get an update but upon sensing that things are getting real serious and realizing that I need to get involved such that we can increase our number, i decided to take part.

Just to share my experience, I emailed SMDC's customer service to inquire about the MPOR project and ended up getting an empty promise from them. I walked in at the showroom of Mplace in SM Megamall hoping someone could attend to me and help enlighten me on this matter but to no avail. I bumped into a regular employee of SMDC who seemed to be very accommodating at first but replied to my text only once. I never heard anything from her again. What she said was MPOR is undergoing re-planning, June would be the groundbreaking and that turnover would be 2015. I dont seem to trust her answer because apprently, she's more concerned with Mplace South Triangle.

I just wanted to know if the meet up thing of all the buyers here pushed thru? or will push thru? Im willing to cooperate because our hard earned money and future are at stake here. I hope SM realizes that a mere 1 day delay of their projects would create a life-changing impact to a person's life who wishes to build his/her own family soon. Please update everyone here so we can make a concrete move on how to give justice to people like us who have become victims of opportunistic companies such as SM.

Have been following this thread and might as well join...Purchased 3 units Dec 2011 and somewhat disappointed project has not yet started.Issued 6 months PDC only and advised my agent to give me an update before I issue anymore.His reply was there was a dispute that in order for the project to have a go is to have it upscale as well.From the 1200 units daw,SMDC will only do 700 units and current units will have adjustments in terms of sq meters,it will be bigger daw at no extra cost to us.

I have asked for a hard copy of this and would update this thread.If this is true,I believe this is a good investment.Acquired units around 70k/sqm before,some SMDC underconstruction at the 100k/sqm mark.Intay lang tayo we might have a winner here.

Have been following this thread and might as well join...Purchased 3 units Dec 2011 and somewhat disappointed project has not yet started.Issued 6 months PDC only and advised my agent to give me an update before I issue anymore.His reply was there was a dispute that in order for the project to have a go is to have it upscale as well.From the 1200 units daw,SMDC will only do 700 units and current units will have adjustments in terms of sq meters,it will be bigger daw at no extra cost to us.

I have asked for a hard copy of this and would update this thread.If this is true,I believe this is a good investment.Acquired units around 70k/sqm before,some SMDC underconstruction at the 100k/sqm mark.Intay lang tayo we might have a winner here.

Unfortunately this is not true, and your agent is just saying that to appease you. My previous agent hinted that the right of way dispute will be settled by SMDC by buying the front establishment so that MPOR will have its own entrance. Again this was just wishful thinking, after paying and giving my PDCs and getting I supposed their commissions, I never heard from them again.

Truth is there is so many problems with this development from the start, and investors like me was duped into investing here. Logic dictates that giving us bigger cuts and additional sqm with no extra cost is next to impossible. 1200 to 700 units means 35% deduction from original sales, and no sound business will do this. If ever indeed they have to change the number of units, they will have to ask the previous investors to shoulder the additional cost, I mean this is business after all. This is not charity.

And also, changing the number of units will mean changing the layout of the entire building, and they need permission of HLURB for this. If the 2 year delay of turnover was caused by the change of parking layout, imagine how long the delay will be for this. I just passed by Renaissance yesterday and again, there was no movement whatsoever.

Changing the project altogether will just mean an unfathomable delay. I don't think investors will be willing to wait 2018, 2019?

@superboyish

You are correct on this,that's why I'm hesitant to issue more checks,but on doing so will ruin my credit line from BDO eventually for the balances.

What's irritating is that if in our end we have shortcomings they have all the authority to void our contracts.If they have shortcomings naman,wala lang.

@superboyish

You are correct on this,that's why I'm hesitant to issue more checks,but on doing so will ruin my credit line from BDO eventually for the balances.

What's irritating is that if in our end we have shortcomings they have all the authority to void our contracts.If they have shortcomings naman,wala lang.

I suppose what you can do is to sit down with them and really get the final word on the project, when is ground breaking? When will it start? Is the issue with renaissance resolved? Is the license to sell ok already since they just started with the temporary license? What is the final parking layout? Is the building permit granted already? What is the final unit layout? When is the REAL final turnover? Until I get an answer on this I would get a letter of request stating that my PDCs should be put on hold. Unfortunately I can't wait anymore, plus the fact that SMDC screwed up with my papers and contracts, they weren't able to file it, and my PDCs were being encashed even though there was no existing contract. I pulled out and I'm just waiting for my PDCs to be given back. I just don't know how long will it take but at least my hard-earned money isn't being put to waste every month.

Guys, is there something that we can do to really get the real score? I hope we can gather everyone here and arrive at a concerted effort on a concrete matter that would address our concerns. Afterall, we're all victims here. Im willing to cooperate but just like the others, I dont think my single act would be enough to shake the management to do something to apprise the investors of the project's status.

Hi everyone, I'm also a unit buyer of the said project and my friend is from DDT/Whiteport which is the contractor that will build the MPOR. I'm asking him directly the progress of the construction and he said to me that their is still no signal from SMDC to start even the surveying.... I'm a bit pissed off as well with the new CTS and Master Deed they sent to me which they were asking me to sign again since the turn over year was moved!

I decided not to return the signed document to them since I already had my initial signed document with them with a turnover date of 2014 instead of 2015!

Has anyone given another option if one decided to pull out their unit?
I asked SMDC but they told me I won't be getting any from my previous payment.

I'm torned! I don't know what to do! I'm just a middle income girl who wants to have her own place soon and I don't want to put my money on waste if this project is like this!

Hi everyone, I'm also a unit buyer of the said project and my friend is from DDT/Whiteport which is the contractor that will build the MPOR. I'm asking him directly the progress of the construction and he said to me that their is still no signal from SMDC to start even the surveying.... I'm a bit pissed off as well with the new CTS and Master Deed they sent to me which they were asking me to sign again since the turn over year was moved!

I decided not to return the signed document to them since I already had my initial signed document with them with a turnover date of 2014 instead of 2015!

Has anyone given another option if one decided to pull out their unit?
I asked SMDC but they told me I won't be getting any from my previous payment.

I'm torned! I don't know what to do! I'm just a middle income girl who wants to have her own place soon and I don't want to put my money on waste if this project is like this!


Hi Nicole. SMDC is already asking you to sign a document with 2015 turnover date without figuring out yet if it will really finish by 2015 given that no signs whatsoever have been given regarding their construction? I actually dont know now what to do also because my checking account no longer has fund in it which means i have to deposit again from the fruits of hardwork I exert on my job without any certainty as to what will happen to my investment. =( I hope someone can lead us on what course of action to take coz its becoming really hard each day to think about paying the downpayment for this terrible project

What do we do then...gave 18 checks palang to cover 6 months for the 3 units.But reading the thread decided not to settle 7th month due June 1 2012...pwede ko naman habulin payment but should I?Paying more seems a waste but discontinuing also gives them the right to forfeit my initial payments...

What do we do then...gave 18 checks palang to cover 6 months for the 3 units.But reading the thread decided not to settle 7th month due June 1 2012...pwede ko naman habulin payment but should I?Paying more seems a waste but discontinuing also gives them the right to forfeit my initial payments...

I really think this is getting out of hand. I think, we should all consult legal already and see if we can file a class suit. This is worse than daylight robbery, nobody from SMDC seems to care. They can't force us to sign a new CTS that only favors them. It is their fault that they can't finish on time and yet we are left alone to suffer the consequences? Again delays are normal with real estate developments, but 1, 2 or 3 or more years, then they should at the very least accommodate us with our reasonable complains. Any lawyer here who can point us to proper course of action?

I also bought a unit here. If you cannot get something truthful from the agents and customer service reps, why dont we elevate it to their higher ups. If there someone here who is good at writing convincing letters, why dont we write to the President and COO herself. Just be respectful to get an answer.

I got her email and tel # on their site.

Ms. Rosaline Y. Qua
President and Chief Operating Officer
SM Development Corporation
E-mail: rose.qua@smdevelopment.com
Tel. No.: (632) 857-0100

Ang dami na pala nagrereklamo dito. We're still waiting for our refund. wala na kami nabalitaan since binalik check namin. Kung gagawa kayo ng action against SMDC, sali din kami.

I also bought a unit here. If you cannot get something truthful from the agents and customer service reps, why dont we elevate it to their higher ups. If there someone here who is good at writing convincing letters, why dont we write to the President and COO herself. Just be respectful to get an answer.

I got her email and tel # on their site.

Ms. Rosaline Y. Qua
President and Chief Operating Officer
SM Development Corporation
E-mail: rose.qua@smdevelopment.com
Tel. No.: (632) 857-0100


@OZCONDO - I agree with you. Please, does someone know how to draft an initial letter? We can email it directly to SMDC president's email as stated above and send a letter with all our signatures in it. I can no longer see myself working hard and putting my hard earned money into something Im not sure about.

If SMDC really cares for its investors, they could have informed us about the project's real status. But the thing is, they are afraid to lose investors and their would be profit if they tell us the truth. I dont think we deserve it. A change on the date a project would be completed for turnover by a day could affect a person's future which this company is taking for granted. These are life changing decisions. How bout those who plan to build a family of their own? Do they have to pay double by renting a home they can live temporarily bec they were told the project would finish by xxx date which will no longer materialize?? And yet they dont even bother to inform the people concerned after continuously encashing the post dated checks? That's unfair.

guys question, continues parin ba kayong nagbabayad? tomorrow is our due date again and we're not sure kung magbabayad pa kami or hindi na.

Paano po ba mag refund? meron din po ako nakuha na unit sa m place. thanks

Most developers do not provide refund as stated in the reservation contract that you signed. However, there's no harm in trying. Personally, I was able to get a full refund from another developer. What I did was send a formal letter stating the many reasons why I was asking for a refund. I also coordinated closely with the project manager. Fortunately, the developer I dealt with was reasonable and they gave me my full refund.

Not sure how SMDC is, but you have to start the ball rolling with a formal letter, I believe. Good luck, hope you get your money back.

Guys, I just came from Mplace Ortigas showroom at SM Megamall and happened to talk to the agents there. They said about two weeks ago, they learned that SMDC lost the case against Renaissance Hotel. They mentioned further that Mplace Ortigas' construction will no longer push thru. Not in 2015, 2016, ... 2020, no not anymore. All the agnets for the Ortigas project have already been relieved from their jobs. This is so unfortunate for all of us. And yet, we are left uninformed. =(

Guys, I just came from Mplace Ortigas showroom at SM Megamall and happened to talk to the agents there. They said about two weeks ago, they learned that SMDC lost the case against Renaissance Hotel. They mentioned further that Mplace Ortigas' construction will no longer push thru. Not in 2015, 2016, ... 2020, no not anymore. All the agnets for the Ortigas project have already been relieved from their jobs. This is so unfortunate for all of us. And yet, we are left uninformed. =(

If that is the case, what is the next step for buyers? Did they tell you what will happen to all the downpayments? This is so bad!

Shall we meet to finalize our plan of action.

Shall we meet to finalize our plan of action.

Yes, I think we really have to take a concrete action on this. I'm willing to meet with you guys. I'm not a lawyer and I know little about the law but I guess if we will altogether discuss and take possible steps of action as a group with a common objective, I think SMDC's attention will somehow be called. I guess they wouldn't want this to baloon and magnify into a bigger issue that might put their reputation at stake. If you're okay with the idea, im posting my number. The greater our number, the stronger our hope to recover our money would be. - 09189467293

I honestly was keeping my hopes up despite all the rumors and talks here.. I said I'd just wait for 2015 and adjust my plans accordingly. But when I learned that the project will no longer push thru, I decided to just get my money back and spread this bad news to all people I know so they'd stop considering SMDC projects. Makaganti man lang...

I honestly was keeping my hopes up despite all the rumors and talks here.. I said I'd just wait for 2015 and adjust my plans accordingly. But when I learned that the project will no longer push thru, I decided to just get my money back and spread this bad news to all people I know so they'd stop considering SMDC projects. Makaganti man lang...

When you talked with the SMDC Agents in Megamall, did they at least gave you advice on what should you do next? What did they say about refunding? I heard from a friend that regardless it's the developers fault, they will never give back full refund of payments, apparently it's in the contract or papers that you've signed, I haven't check this since I wasn't sent a CTS, can anybody confirm this? Apparently, they will have to deduct first the commissions that they paid the agents plus expenditures, I think this is so not fair. Can anybody from SMDC comment on this?

I think commissions would not be paid lumpsum to their agents...but probably given part of it..

you will be surprised at the people's ability to turn a blind eye even on something like this. I however think that SMDC miscalculated at how Renaissance Homeowners can fight back and is not something systemic. Whoever is the projecthead should be fired.

When you talked with the SMDC Agents in Megamall, did they at least gave you advice on what should you do next? What did they say about refunding? I heard from a friend that regardless it's the developers fault, they will never give back full refund of payments, apparently it's in the contract or papers that you've signed, I haven't check this since I wasn't sent a CTS, can anybody confirm this? Apparently, they will have to deduct first the commissions that they paid the agents plus expenditures, I think this is so not fair. Can anybody from SMDC comment on this?

Well, the guy was talking to simply expressed sympathy over the situation. He said I can write a letter and drop by the main office in MOA. I expressed my disgust that while it was not my fault, Im forced to take a leave just to do it without any assurance that I'll be entertained. He couldnt even give me a name. He said all I need to do is ask from the information desk there. He even offered MPlace South Triangle in lieu of my Ortigas slot. Does he think it's that simple? I told him im really upset about what happened especially that his company doesnt even bother to notify its investors. He just said "baka magpadala na yan sir in the coming weeks."

Well, the guy was talking to simply expressed sympathy over the situation. He said I can write a letter and drop by the main office in MOA. I expressed my disgust that while it was not my fault, Im forced to take a leave just to do it without any assurance that I'll be entertained. He couldnt even give me a name. He said all I need to do is ask from the information desk there. He even offered MPlace South Triangle in lieu of my Ortigas slot. Does he think it's that simple? I told him im really upset about what happened especially that his company doesnt even bother to notify its investors. He just said "baka magpadala na yan sir in the coming weeks."

That is just so disgusting, I swear the people that they keep, their competence, reflect on how this company run their business. Never again will I put my hard earned money in their developments and I will see to it that my friends, relatives and people who are dear to me will never undergo the inconvenience that I've gone through. I will never ever recommend any of their projects, I've PM you my number and let's try to gather everyone to file a class suit, this is getting really out of hand. And for them to continuously encash the down payments monthly is the worst kind of corporate greed! Good Guys my A#%!

SMDC : we're the good guys - pweh!

Apparently, they don't take their corporate slogan seriously and by heart. It just sounded good for them.

Guys, if you are willing to do something about our situation, please PM me or Superboyish your contact details. We are trying to gather us everyone here. Let's collaborate and take time to sit down and discuss this to get something going. I guess the very first step is to check how many of us here share the same sentiments towards the Mplace project. Thanks

FYI to all. I got to speak a few minutes ago with an ex-sales manager of SMDC Mplace project whom I asked favour from to give us options now that Mplace is no longer pushing thru in order for us to get our money back. Just this morning, she went personally to the head office and happened to talk to an asst project director. The Proj director mentioned that the information is not true. Mplace Ortigas project will materialize. She was even asked who the agent who gave that info is. Bottomline, as per my last update, it will push thru. According to my contact, she herself saw the layout of the floors in the head office. Mplace Ortigas underwent re-planning due to the issue with Renaissance. She also mentioned that the issue is over and construction will commence this August. Turnover target date is still 2015. She told me that as a way to compensate the investors for their fault, they are upgrading some of the items such as vinyl to ceramic tiles, and the likes. According to her, the original 28 storey building will now be reduced to 24 or 25 if I remember correctly. This is the reason they stopped selling Ortigas units. What one of the members here said could be true, that some might have bigger units than what was originally acquired. Also, SMDC will release formal communication letter between now and August before the start of the construction. I’m meeting this sales manager later somewhere here in Ortigas. I’ll have to get more info for us all here. I’ll update you on the outcome of our conversation. This is not to give everyone false hope but given this is true, at least we can have peace of mind. Let's cross our fingers...

By the way, the wrong info from the gaent might have been obtained inside where rumors are also spreading according to my source. Because even the 2 Mplace projects compete against one another.

FYI to all. I got to speak a few minutes ago with an ex-sales manager of SMDC Mplace project whom I asked favour from to give us options now that Mplace is no longer pushing thru in order for us to get our money back. Just this morning, she went personally to the head office and happened to talk to an asst project director. The Proj director mentioned that the information is not true. Mplace Ortigas project will materialize. She was even asked who the agent who gave that info is. Bottomline, as per my last update, it will push thru. According to my contact, she herself saw the layout of the floors in the head office. Mplace Ortigas underwent re-planning due to the issue with Renaissance. She also mentioned that the issue is over and construction will commence this August. Turnover target date is still 2015. She told me that as a way to compensate the investors for their fault, they are upgrading some of the items such as vinyl to ceramic tiles, and the likes. According to her, the original 28 storey building will now be reduced to 24 or 25 if I remember correctly. This is the reason they stopped selling Ortigas units. What one of the members here said could be true, that some might have bigger units than what was originally acquired. Also, SMDC will release formal communication letter between now and August before the start of the construction. I’m meeting this sales manager later somewhere here in Ortigas. I’ll have to get more info for us all here. I’ll update you on the outcome of our conversation. This is not to give everyone false hope but given this is true, at least we can have peace of mind. Let's cross our fingers...

By the way, the wrong info from the gaent might have been obtained inside where rumors are also spreading according to my source. Because even the 2 Mplace projects compete against one another.

Please do update us asap. I just hope that SMDC is not just buying time. August is another 2 months away, and seriously I don't know what to believe anymore.

same info was given to me..

Please do update us asap. I just hope that SMDC is not just buying time. August is another 2 months away, and seriously I don't know what to believe anymore.


I no longer was able to meet personally the ex-sales manager. But im talking to Ms. Imee Landicho, the Project Director this morning. She was calling me yesterday but I was in the middle of a meeting. I wrote a letter kasi last Sunday to the president, Ms. Rose Cua, regrading my concerns which all of us here similarly share. I'll try to get all info that I can possible get for everyone's benefit. I suppose whatever she will tell me is considered official.

Great job monchipot. This is the best thing to do than to agonize and decide over false rumors. Im sure the president would step in to plug the holes concerning the project. Now that we got her attention, she herself will kick some asses to expedite the work as their reputation is at stake here. Good job.

Hi Guys!

Thanks for the updates! If you have any or if you guys are to meet somewhere, I'm willing to attend. Here's my number 09994049559.

Good luck to us all!

My number 09195823895 is open 25 hours:)

http://hlurb.gov.ph/services/buyers/right-to-a-clean-title/non-forfeiture-of-payments/

A buyer’s payment for a subdivision lot or condominium unit cannot be forfeited by the owner or developer when he desists paying on the ground that the project is not develop per approved plans and within the time limit for development. He must, however, notify the owner or developer of his decision to suspend payments.

The said buyer has the option to demand a refund of the total amount paid with legal interest. The total amount includes amortization interest but delinquency interest is excluded. Section 23 of PD 957 Subdivision and Condominium Buyers Protective Decree provides, thus:

SECTION 23. Non-Forfeiture of Payments. – No installment payment made by a buyer in a subdivision or condominium project for the lot or unit he contracted to buy shall be forfeited in favor of the owner or developer when the buyer, after due notice to the owner or developer, desist from further payment due to the failure of the owner or developer to develop he subdivision or condominium project according to the approved plans and within the time limit for complying with the same. Such buyer, may at his option, be reimbursed the total amount paid including amortization interest but excluding delinquency interest, with interest thereon at the legal rate.

I suggest contacting someone from HLURB also, maybe they can help you out.

Good luck!

aw, grabehan na pala yung prob jan sa mplace, kaya pala nagsilipatan na yung mga friends kong agent jan.

I also bought a unit here. If you cannot get something truthful from the agents and customer service reps, why dont we elevate it to their higher ups. If there someone here who is good at writing convincing letters, why dont we write to the President and COO herself. Just be respectful to get an answer.

I got her email and tel # on their site.

Ms. Rosaline Y. Qua
President and Chief Operating Officer
SM Development Corporation
E-mail: rose.qua@smdevelopment.com
Tel. No.: (632) 857-0100

Emailed her,no reply whatsoever,very easy for them to say no communication from us thus no refund.

pwede kaya tayong pumunta sa QCRTC at alamin kung ano ang result ng kaso between smdc and renaissance?

Good news guys...showed our agent this thread and was forwarded to SMDC.His supervisor called and said directors are now aware of this thread.1)legal letter from SMDC will be sent that this would push thru.2)layout in progress,40% has been sold and the remaining unsold units will be minimum of 40sq/m na to make a total of 700 units total.So hindi lalaki cut natin:bash:

We advised them we will not issue more checks at the moment and will pay only on groundbreaking which they agreed naman.But I suggest we do this individually on informing them to put it on record.

Haha. Angswerte nman yung makakakuha ng bigger cut kung sakali. Nice move to. No change in plans. Ibebenta n lang yung pinagdugtong na cut. Kung me pera pa sana ako ill get another 40sqm. Ultra prime location to. :banana:

Guys, sorry for the late update. I was able to talk to Ms. Imee Landicho, the Project Director. She said that things are now being finalized between Renaissance and SMDC. She herself has acquired a unit in her own project. Im very positive about this. She said once finalized, she'll apprise us of the necessary info we need to know. A formal communication letter shall be sent to us. The truth of all the surrounding issues is that MPlace project will still push thru. She was apologizing to all due to non release of communication because of the fear that it might just cause panic. But she admitted of having overlooked the fact that investors might obtain erroneous info from different sources not considered official. As to the details, let's just stand by for the release of the formal letter from the management including changes in the project in case there are. As for the possibility of the investors benefiting from this project, let's just wait and see. My point is really for SMDC to give us what is due us.

Received yesterday letter from Ms. Imelda L. Landicho,Project Director.Status of project noted as well as attached revised version of the Summary of Basic Provisions of the Contract to Sell indicating a tentative date 3rd quarter of 2015 completion

Received yesterday letter from Ms. Imelda L. Landicho,Project Director.Status of project noted as well as attached revised version of the Summary of Basic Provisions of the Contract to Sell indicating a tentative date 3rd quarter of 2015 completion

Good!! sana nga magpush through na! :cheers:

checked the ongoing "BDO Home Deals Caravan" for SMDC projects and incidentally this project (MPLace @Ortigas is not listed among the SMDC condo's being offered)

https://www.clg.bdo.com.ph/en/home-deals-smdc

PROJECT NAME LOCATION
Jazz Residences Makati City
Light Residences Mandaluyong City
Green Residences Manila
Chateau Elysee Parañaque City
Field Residences Parañaque City
Sea Residences Pasay City
Shell Residences Pasay City
Berkeley Residences Quezon City
Blue Residences Quezon City
Grass Residences Quezon City
M Place @ South Triangle Quezon City
Mezza Residences Quezon City
Mezza II Residences Quezon City
Princeton Residences Quezon City
Sun Residences Quezon City
Wind Residences Tagaytay City

http://3.bp.blogspot.com/_iNTwtXMxBfY/TMRKbDFxQJI/AAAAAAAABK8/JeqG15V3CUQ/s320/myplaceatortigas.jpg
M Place at Ortigas is now semi-furnish. Kindly visit http://www.myplaceatortigas.com for more information

Iba na pala lumalabas when you click their website.... What happened??

twin lakes tagaytay ang lumalabas.. baka duon na nalipat ang investment nyo :lol:

shucks! oo nga. hayz.

any "new" INFO's. thread an additional project of SMDC, RICH RESIDENCES = Coming Very Soon..New SMDC Condo in Ortigas. Guadrix drive???.
SOON TO LAUNCH!!! New SMDC Condo in Ortigas between Robinson Galleria and SM Megamall, GUADRIX drive, ORTIGAS, I saw it @

http://smdcrichresidences.blogspot.com/ http://smdcrichresidences.blogspot.com/

(For Announcement Purposes Only).. paging AZIZA.

aba'y bago sila mag-launch ng bagong condo, ayusin muna nila ang myplace noh. susme.

rich residences :)

Rich Residences.... this must be at the EDSA lot that used to be home for 2nd hand cars for sale, beside Poveda, across ADB, in between Galleria and Megamall. Really, there's no stopping SM in condo devt! But what about My Place Ortigas??

may nag -pm sa akin sa fb doon pa din daw .

Iba na pala lumalabas when you click their website.... What happened??

Hi Guys! http://www.myplaceatortigas.com is not their official website :). My agent was the one who created it as for him to get potential buyers when they search about this project.

Thanks for the updates from you guys! I have also sent a notarized buyers request form to them. I hope I can hear from SMDC the soonest possible.

Dear Investors,

Thank you for your patronage of MPLACE @ Ortigas

We would like to correct assertions made against the project with the following statements:

1. That, MPLACE @ Ortigas project development is in full swing and has acquired all the necessary permits since last February 28, 2012 granted by Pasig City Engineer's Office. Thus construction should begin November 2012.

2. That MPLACE @ Ortigas will soon open its deluxe units for sale as well as its parking slots.

3. That, MPLACE @ Ortigas, together with the Renaissance Home Owners Association will announce the terms of its agreement by October 2012. Salient points covered are as follows:

a. Community Design Enhancements
b. Rationalized Condominium Dues
c. Shared Access to commercial amenity areas

We at SMDC, have always endeavored to ensure that all relevant issues coming from our community stakeholders are addressed in order to ensure our harmonious relationship with our neighbours. Doing this though is a tedious process that involves some re-design and review of our specifications, as well as amendments to previous permits. Due to this, some delays have been incurred. As such, turnover is on the 3rd quarter of 2015.

We understand that there may be some dis-information, with regards to the project. Trust, that SMDC remains committed to fulfill its obligation to its investors and is firm on its promise to deliver the best product to its customers.

Thank you.

That's more like it.....make sure you keep up the SMDC promise and be "The Good Guys"


Dear Investors,

Thank you for your patronage of MPLACE @ Ortigas

We would like to correct assertions made against the project with the following statements:

1. That, MPLACE @ Ortigas project development is in full swing and has acquired all the necessary permits since last February 28, 2012 granted by Pasig City Engineer's Office. Thus construction should begin November 2012.

2. That MPLACE @ Ortigas will soon open its deluxe units for sale as well as its parking slots.

3. That, MPLACE @ Ortigas, together with the Renaissance Home Owners Association will announce the terms of its agreement by October 2012. Salient points covered are as follows:

a. Community Design Enhancements
b. Rationalized Condominium Dues
c. Shared Access to commercial amenity areas

We at SMDC, have always endeavored to ensure that all relevant issues coming from our community stakeholders are addressed in order to ensure our harmonious relationship with our neighbours. Doing this though is a tedious process that involves some re-design and review of our specifications, as well as amendments to previous permits. Due to this, some delays have been incurred. As such, turnover is on the 3rd quarter of 2015.

We understand that there may be some dis-information, with regards to the project. Trust, that SMDC remains committed to fulfill its obligation to its investors and is firm on its promise to deliver the best product to its customers.

Thank you.

We at SMDC, have always endeavored to ensure that all relevant issues coming from our community stakeholders are addressed in order to ensure our harmonious relationship with our neighbours. Doing this though is a tedious process that involves some re-design and review of our specifications, as well as amendments to previous permits. Due to this, some delays have been incurred. As such, turnover is on the 3rd quarter of 2015.

We understand that there may be some dis-information, with regards to the project. Trust, that SMDC remains committed to fulfill its obligation to its investors and is firm on its promise to deliver the best product to its customers.

Thank you.

Galing din. After a long period of keeping your investors misinformed to the point na nagback out na yung iba, ngayon lang kayo magrerelease ng statement? Then napakageneral pa ng reason nyo at walang detalye kung ano yung sinasabi nyong re-design? sana man lang nagrelease kayo ng official/formal notice kung ano ba talaga updates sa project na to. kahit ininform nyo lang mga agent nyo at di na sila gumawa ng kung ano anong kwento.

Since you're an official SMDC rep here maybe you can answer this question:

You already admitted that you've(SMDC) re-designed the original plans for the MPlace Ortigas Project. If we're going to follow this document from HLURB, Am I going to get my 100% refund? I don't care kung may interest pa yan. All I want is my money back.


http://hlurb.gov.ph/services/buyers/right-to-a-clean-title/non-forfeiture-of-payments/

A buyer’s payment for a subdivision lot or condominium unit cannot be forfeited by the owner or developer when he desists paying on the ground that the project is not develop per approved plans and within the time limit for development. He must, however, notify the owner or developer of his decision to suspend payments.

The said buyer has the option to demand a refund of the total amount paid with legal interest. The total amount includes amortization interest but delinquency interest is excluded. Section 23 of PD 957 Subdivision and Condominium Buyers Protective Decree provides, thus:

SECTION 23. Non-Forfeiture of Payments. – No installment payment made by a buyer in a subdivision or condominium project for the lot or unit he contracted to buy shall be forfeited in favor of the owner or developer when the buyer, after due notice to the owner or developer, desist from further payment due to the failure of the owner or developer to develop he subdivision or condominium project according to the approved plans and within the time limit for complying with the same. Such buyer, may at his option, be reimbursed the total amount paid including amortization interest but excluding delinquency interest, with interest thereon at the legal rate.

@OfficialSMDC, have you sent out letters to all MPOR buyers about this update? thanks!

b. Rationalized Condominium Dues

SMDC + Renaissance Association dues, magkano kaya aabutin nito

Galing din. After a long period of keeping your investors misinformed to the point na nagback out na yung iba, ngayon lang kayo magrerelease ng statement? Then napakageneral pa ng reason nyo at walang detalye kung ano yung sinasabi nyong re-design? sana man lang nagrelease kayo ng official/formal notice kung ano ba talaga updates sa project na to. kahit ininform nyo lang mga agent nyo at di na sila gumawa ng kung ano anong kwento.

Since you're an official SMDC rep here maybe you can answer this question:

You already admitted that you've(SMDC) re-designed the original plans for the MPlace Ortigas Project. If we're going to follow this document from HLURB, Am I going to get my 100% refund? I don't care kung may interest pa yan. All I want is my money back.

Dear gundamg5,

May we request for your contact information via Direct Message so that we can address your issues regarding your account.

Thank you!

Dear gundamg5,

May we request for your contact information via Direct Message so that we can address your issues regarding your account.

Thank you!

Thanks for the quick response. Though, my request has already been in process for a month and 3 weeks now; I'm just asking questions here just for other investors to be aware of their options.

Also, I haven't heard from you since I sent my request so I thought this is the fastest way to get answers. (Note: I was told to wait 2 months for processing so I'm currently waiting till next week to make a follow-up).

Here is another question,

In our case, we've taken back our issued checks and we're currently in the process of refunding our money, in case you deny our request, what will happen then? do we have the option to continue the payment once the construction starts(November 2012)?

Another scenario,

If you approve our request but will only refund a certain amount or percentage of the total paid(which for sure I will highly disagree), do we have the option to just continue when the construction starts(November 2012)?

I believe that it's only fair that you give favors to your investors since you keep screwing with the project's deadline. Take note that our hard earn money is with you and we get nothing in return.

dapat kasi bago kayo magbenta ng unit inayos nyo muna lahat ng gusot or problem. nagmumukha kayong scammer eh. sorry for those words pero ganyan na ang naiisip namin.

If you can see what I'm trying to point out here. I want you guys(SMDC) to be transparent to us(investors).

Yes, we can settle this privately but what about others who can't process their request?

How about those young investors like us na nag uumpisa palang at baguhan lang sa pag iinvest?

How about those investors abroad who can't call you everyday to inquire about the status of the project.

If from the very start you've been transparent with your investors then there will be no panic/there will be no backing out.

If you have no hidden agenda and you're confident with the projects completion by 2015, then put it into writing, sign it and deliver it!

If you can see what I'm trying to point out here. I want you guys(SMDC) to be transparent to us(investors).

Yes, we can settle this privately but what about others who can't process their request?

How about those young investors like us na nag uumpisa palang at baguhan lang sa pag iinvest?

How about those investors abroad who can't call you everyday to inquire about the status of the project.

If from the very start you've been transparent with your investors then there will be no panic/there will be no backing out.

If you have no hidden agenda and you're confident with the projects completion by 2015, then put it into writing, sign it and deliver it!


Dear Investors,

We would like to inform you that we have already sent out notifications via post to our MPLACE Ortigas buyers.

We request that all these that would have specific inquiries regarding their accounts to call our customer service hotline at 858-0300. Our customer service team has access has access to customer accounts and can accommodate questions on account status, penalties and recommend the waiver there of.

Understand that we have a multitude of payment terms and units so pricing all attendant particulars relating to the transaction will vary per account.

Again as posted earlier, we remain committed to a Q3 2015 turnover.

Thank You.

Dear Investors,

We would like to inform you that we have already sent out notifications via post to our MPLACE Ortigas buyers.

We request that all these that would have specific inquiries regarding their accounts to call our customer service hotline at 858-0300. Our customer service team has access has access to customer accounts and can accommodate questions on account status, penalties and recommend the waiver there of.

Understand that we have a multitude of payment terms and units so pricing all attendant particulars relating to the transaction will vary per account.

Again as posted earlier, we remain committed to a Q3 2015 turnover.

Thank You.

Scripted answer to a very specific question. That's how you've been handling the problem from the very start. I'm pretty sure that if I call that line, that's the same answer I'm going to get. That you're still on track and committed to Q3 2015.

Can you please answer my questions above? Regarding our options?

I just called smdc using that number. And they can't answer any of my questions. The hell is wrong with this project? anyway, pasensya na kakatawag ko lang and I can't contain my anger.

The girl advised me to just go to smdc office in MOA. According to her there will be a client servicing area that can help me with my questions. (sounds like the one posted above pero call naman yung binigay na option which is useless).

Ang nakakainis dito, sabi nung nakausap ko. pagnagback out daw, usually percentage nalang ang makukuha mo sa ininvest mo. retarded ba kayo smdc? may pinirmahan tayo na 2014 ang turnover tapos kayo nagpalit ng 2015. kayo ang di makacommit tapos kami pa aargabyaduhin nyo?

come on smdc. be the good guys. pinagkatiwalaan namin kayo sa pera namin. wag naman ganyanan.

In general talaga, lugi ang nagback-out na buyer sa developer... no such thing as full refund even if delayed ang turnover date nila na nakalagay sa LTS since may grace period pa ang mga yan sa government.

That is a total BS! Sorry for the word but that is really unfair. Anyway, still thinking of the best way to resolve this.

Sige aabangan namin ang November 2012.

sana naman SMDC ayusin nyo lahat ng gusot. Eto naman kasing to RCHAI masyadong paimportante. Pati mga assoc dues nila gusto ipashoulder sa mga taga MPlace.

Ganun n ba sila kahirap. kala ko ba first-class.

unfair talaga... for one, hindi nirerefund ng developer ang naibayad na nila sa commission ng ahente... oh well, hope you sort it out. goodluck

:ohno:..... mahabang healing process pa talaga ito. But one thing is sure..... madaling i-monitor ang development dito, no matter how small they come. I can personally assure this to all concerned.

Just to be fair what we have is a CTS. So as long as they can deliver everything stated in the contract, including t/o date we have nothing to complain about. Other concern outside of the contract will be treated by contractors/developers as extra service or for improvement.

@cherrytickles? Hi, just want to ask what's the t/o date indicated on your cts?

Good luck to every one!

In general talaga, lugi ang nagback-out na buyer sa developer... no such thing as full refund even if delayed ang turnover date nila na nakalagay sa LTS since may grace period pa ang mga yan sa government.

This is true but most of the time naka indicate rin how long the grace period is. If lagpas lagpas na talaga including grace period, developers do give incentives to investors lalo na kung marami na are ready to file a case. Try to check if indicated how long grace period when you signed 2014 turnover and if Qtr 3 2015 turnover is with grace period pa.

Pag ganyan ka late, collective requests for incentive, walang choice developer but to agree or at least meet halfway sa request ng investors. Full refund to be honest i don't know, incentive like additional discounts are more likely na ibigay.

^^

yes, thank you for pointing it out.. forgot to mention that, dapat nakalagay sa CTS gaano katagal ang grace period.

This is true but most of the time naka indicate rin how long the grace period is. If lagpas lagpas na talaga including grace period, developers do give incentives to investors lalo na kung marami na are ready to file a case. Try to check if indicated how long grace period when you signed 2014 turnover and if Qtr 3 2015 turnover is with grace period pa.

Pag ganyan ka late, collective requests for incentive, walang choice developer but to agree or at least meet halfway sa request ng investors. Full refund to be honest i don't know, incentive like additional discounts are more likely na ibigay.

ey, thanks for pointing that out :) yup in our cts the t/o is tentative q4 of 2014.

nakakainip naman. 3-4 months pa bago maumpisahan yung construction. hayz. :s

wag po kayong gaanong umasa dahil malabo pa ho yun!!! at malamang sinasabi lang nila yun para walang magbackout at mas malaki pang pera ang macollect nila.

tragic. regardless, sana matuloy ang project na to.

hi, i'm new here sa thread. nakabili din ako ng unit sa M Place Ortigas. matagal ko narin binabasa thread and super nagoobserve po ako and lahat ng nangyayari nirerelay ko sa sales manager na contact ko..

thank you everyone, kasi po naiinform kaming mga hindi masyadong aware sa nangyayari sa investment namin. well, very positive naman po ako na matutuloy yung project, inassure naman po ako nung sales manager..

meron nga daw pong tlgang mga redesign na mangyayari.. ang sabi sakin is expect ko daw na last quarter of this year ang groundbreaking ng project.. super excited na ko hahaha, looking forward na lang po na sana masimulan na tlga.. kasi gaya ng lahat satin we are also working hard for the money being invested..

let's keep everyone updated.. :)

hi, i'm new here sa thread. nakabili din ako ng unit sa M Place Ortigas. matagal ko narin binabasa thread and super nagoobserve po ako and lahat ng nangyayari nirerelay ko sa sales manager na contact ko..

thank you everyone, kasi po naiinform kaming mga hindi masyadong aware sa nangyayari sa investment namin. well, very positive naman po ako na matutuloy yung project, inassure naman po ako nung sales manager..

meron nga daw pong tlgang mga redesign na mangyayari.. ang sabi sakin is expect ko daw na last quarter of this year ang groundbreaking ng project.. super excited na ko hahaha, looking forward na lang po na sana masimulan na tlga.. kasi gaya ng lahat satin we are also working hard for the money being invested..

let's keep everyone updated.. :)

Salamat po sa good news na ito!

@rappau, pakitanong din naman sa Sales Manager na contact mo kung ano ang balak nilang gawin sa Payment Sked? Will they require the buyer to pay the turnover balance on its due date as per payment sked (example due date is 2013), OR will they allow deferment of its payment on its 2015 turnover date? TIA!

@aziza1121, parang natanong ko na yan.. kasi yung turnover balance ko due earlier sa turnover schedule ng unit. sa pagkakatanda ko ang sabi nya sakin, once na turnover yung unit sakin that's the time na mgbabayad pa lang ako ng turnover balance. pero, sige would have to confirm this again with him.. i'll get back to you soon..

let's give each other an update ha! :)

@rappau, pls do verify it again with your Sales Manager. AFAIK with SMDC, the payment schedule will prevail over the actual turnover date. I am hoping it is not same with MPOR since the project is a "special" case.

@aziza1121, kakareply lng ng contact ko.. sabi nya sakin, turnover balance should be paid upon delivery of unit.. bsta dpat pag ready na ung unit for turnover, ready to pay narin tayo for the turnover balance. the reason he gave was, if the unit is not yet ready, we should not pay the final balance yet kc shmpre di pa ntn mgmit unit..

@aziza1121, kakareply lng ng contact ko.. sabi nya sakin, turnover balance should be paid upon delivery of unit.. bsta dpat pag ready na ung unit for turnover, ready to pay narin tayo for the turnover balance. the reason he gave was, if the unit is not yet ready, we should not pay the final balance yet kc shmpre di pa ntn mgmit unit..

elow po. thanks for this info. does it mean po ba na kung matatapos na ang payment ng 30% DP by December 2013, stop na po muna ang payment?pag naturnover na sa end of 2015, dun pa lang po uumpisahang babayaran yung remaining balance, which is ung 70% nung total unit price?

@aziza1121, kakareply lng ng contact ko.. sabi nya sakin, turnover balance should be paid upon delivery of unit.. bsta dpat pag ready na ung unit for turnover, ready to pay narin tayo for the turnover balance. the reason he gave was, if the unit is not yet ready, we should not pay the final balance yet kc shmpre di pa ntn mgmit unit..

Ganun ba? Cge, ganito na lang to be fair. What if you tell your Sales Manager that since there is no movement at all in the site, dapat i-de-defer mo din ang monthly payment mo until you see any sign of construction on site. Nde lang basta presence of cranes or perimeter fencing, ha? It's just the same anyway kung sinasabi nya na stop payment until actual turnover. So let's start now pa lang. Let's hear what he has to say.

Hey, Im not bashing SMDC nor MPOR. Im not saying na nde matutuloy ang project. Matutuloy yan for sure, as soon as ma-resolve na whatever issues MPOR is facing now. I have clients in MPOR kaya I want to know what other MPOR Sellers are saying (I have high regard to the Sales Manager), hoping what I know is wrong. For me, the most important thing is yung payments ng MPOR buyers. Given na there is delay, so what abt yung Turnover Balance due? Yan ang dapat na malaman.

@ziel_0303, opo.. kahapon lang po kausap ko ung contact ko.. cinonfirm ko po to sa kanya ng mabuti.. kasi mas maaga din ang payment date ng turnover balance ko kesa sa turnover date ng unit.. kaya yun, no need to pay muna daw ung balance, hintay lang natin ung turnover.. pero we should be prepared by once ready na ung unit for turnover..

@Aziza1212, sure sige I will ask him your question, will give you an update once nasagot nya na ko ha.. :)

^^Ask him NOT for me, but for your own interest and for the rest of MPOR investors.

@ziel_0303, opo.. kahapon lang po kausap ko ung contact ko.. cinonfirm ko po to sa kanya ng mabuti.. kasi mas maaga din ang payment date ng turnover balance ko kesa sa turnover date ng unit.. kaya yun, no need to pay muna daw ung balance, hintay lang natin ung turnover.. pero we should be prepared by once ready na ung unit for turnover..

thanks po for the confirmation!!!!

^^Ask him NOT for me, but for your own interest and for the rest of MPOR investors.

Thanks Aziza, wasn't able to contact you again. Thanks for the heads up and the help. I'm able to resolve my issues with MPOR. But it took a lot of time and repeated calls.

Legitimate info from a friend. Hope this helps the worried investors of MPlace Ortigas.

There is a compromise agreement between SMDC and RCHAI for this project.

-There will be only 813 units instead of 1100++
-MPlace owners will have a mandatory membership to Rennaisance which involves payment in the share in CAPEX, real estate tax and assoc. dues.
-Building design should conform to the Rennaisance's look and feel (so expect a new render?)

This agreement should end the conduction of lawsuits of the two parties very soon. Expect the construction to commence within this year.

Oh. So we may see a gentrification of this project.

Oh. So we may see a gentrification of this project.

In the end Renaissance should accept the entry of MPlace else it would be too costly for them to continue the prolonged litigation against the real estate giant.

sobra naman arte ng RCHAI. They are the reason why superdelayed ang MPlace.

All they want is for the Mplace buyers to partly shoulder the repairs cost of their old dilapidated buildings...

Sobrang pinerwisyo nyo n Mplace buyers kayo pa may ganang ipashoulder yung mga expenses n dapat sa inyo. Kapal!

sobra naman arte ng RCHAI. They are the reason why superdelayed ang MPlace.

All they want is for the Mplace buyers to partly shoulder the repairs cost of their old dilapidated buildings...

Sobrang pinerwisyo nyo n Mplace buyers kayo pa may ganang ipashoulder yung mga expenses n dapat sa inyo. Kapal!

I am not a resident of Renaissance Condo, nor do I have anything to do with its Association. But we should learn to respect whatever reason they have in their complaint. I know it is not that simple.

IMHO, the location is a wrong choice for SM. They should have studied the restrictions right at the onset.

Nevertheless, since it looks like the project will still push through, I wish them well in the development. And may the buyers of this project come out to be satisfied even in the end. :cheers:

I'm currently residing in Renaissance few things are slowly changing around the area except the ground breaking:

- The administration has removed the "No to 1000 units of Mplace..." protest sign
- Road widening is ongoing on Meralco Ave. One worker has told it is going to be a 3-lane expansion stretching from the Rennaisance area to Julia Vargas affecting Romarina school and MMDA compound (this property of GSIS is up for bidding soon)
-A couple of weeks ago, I was out from Banchetto, who occupied the empty lot of Megatent, and found out that Ayala Land is taking over the place. Banchetto has stopped the operations here since last night.

I'm currently residing in Renaissance few things are slowly changing around the area except the ground breaking:

- The administration has removed the "No to 1000 units of Mplace..." protest sign
- Road widening is ongoing on Meralco Ave. One worker has told it is going to be a 3-lane expansion stretching from the Rennaisance area to Julia Vargas affecting Romarina school and MMDA compound (this property of GSIS is up for bidding soon)
-A couple of weeks ago, I was out from Banchetto, who occupied the empty lot of Megatent, and found out that Ayala Land is taking over the place. Banchetto has stopped the operations here since last night.

Would you know how will they be able to put construction materials and equipments in? The road loop is narrow for such big equipments? Wouldn't this cause traffic and inconvenience for Renaissance homeowners?

I haven't talked to the assistant pd again since last august, the minutes of the quick meet up was regarding mplace ortigas, He told me that currently we hold all units so it means stop selling, i asked why? Because the remaining units will be relay out and change into bigger combined units, so what does it mean i asked, it means from 1000++ units it will drop down to 800+ units.

And they will increase again the price since they will upgrade the quality of all the said units ( he just didn't specify up to what extent).

Those who bought earlier will enjoy the lowest density project of SMDC. =)
well not to be compared with field of course mid rise development.

He also told me, SMDC will earn more if client decided to back out for inventory of resale, so i suggest hold on to your unit. Best is about to come...

The price will jump to 100k per square as far as i remember, please do not quote me on this, do your own research pa din.

God Bless!

@ziel_0303, opo.. kahapon lang po kausap ko ung contact ko.. cinonfirm ko po to sa kanya ng mabuti.. kasi mas maaga din ang payment date ng turnover balance ko kesa sa turnover date ng unit.. kaya yun, no need to pay muna daw ung balance, hintay lang natin ung turnover.. pero we should be prepared by once ready na ung unit for turnover..

Hi I suggest please be ready with turnover balance even without the said turnover, because with my experience and looking at the payment schedule of all the template of the projects, the turnover balance is always one month after the last monthly payment and not written as due for turnover, small company like nuvo and other developers do offer like that, but ROCKWELL, AYALA especially one year before they are charging na nga, and I believe SMDC will just base on the payment schedule.

Please remember you have issued post dated cheque all until turnover balance, if your agent did not check the for bank financing, SMDC will deposit your POST DATED CHEQUE.

They charge the turnover balance even without the turnover, you can pm me your account details and will forward your inquires to project director of the MPOR to be sure.

Please note. As I mentioned the incentive of the unit owners of MPOR is already the relay out of the remaining units, turning MPOR into a low density project and improvising your unit from bare to finish. So it's up to you to back out or not.

Please don't quote me on this I'm just sharing what I know.

Please remember you have issued post dated cheque all until turnover balance, if your agent did not check the for bank financing, SMDC will deposit your POST DATED CHEQUE.

If buyer chose Bank Financing, SMDC does not require him to issue a PDC for the TOB, since it will be paid by the bank where he was approved for the loan.

Though it happened in Mezza1 where they required RFO buyers under 5% DP to movein scheme to issue a PDC check for the Balance. Then SMDC returned the check when the bank paid them.

Would you know how will they be able to put construction materials and equipments in? The road loop is narrow for such big equipments? Wouldn't this cause traffic and inconvenience for Renaissance homeowners?
I do not know actually. But I'm sure this won't be a problem.. The exit gate can be well used.

Just wanna share... this morning an SMDC corporate account executive visited our company to showcase some of the SMDC's current and upcoming projects...
I am an MPOR buyer as well and was curious why they aren't mentioning the project to us knowing that our office is located in Ortigas and was expecting they will highlight their projects that are within the area.. So then I asked about MPlace Ortigas. They told me that it is on hold for selling as there will be a gentrification of the project. It will no longer be called as MPlace, rather Rose Residences which will be inline with the SM Residences low density projects. But they can't answer well what will happen to the existing investors as the price of units will increase... But as expected, selling of units will re-open this November. But no answer about the ground breaking or real start of the project.. Yet, I think this is a sign that we should hold on to our units rather than back-out without getting any refund.

However, they advice me that SMDC will send letters to inform one by one regarding these changes... Does anyone know something about this?

usually po ba pag low dense projects up to what floor ung inaabot? I am thinking na baka macut ung floor ng naavail namin na unit.. kasi sa taas na tlga sya..

Looking forward sa Rose Residences.. :) parang nkakaexcite lahat ng mga updates.. sana mgtuloy tuloy na..

Just wanna share... this morning an SMDC corporate account executive visited our company to showcase some of the SMDC's current and upcoming projects...
I am an MPOR buyer as well and was curious why they aren't mentioning the project to us knowing that our office is located in Ortigas and was expecting they will highlight their projects that are within the area.. So then I asked about MPlace Ortigas. They told me that it is on hold for selling as there will be a gentrification of the project. It will no longer be called as MPlace, rather Rose Residences which will be inline with the SM Residences low density projects. But they can't answer well what will happen to the existing investors as the price of units will increase... But as expected, selling of units will re-open this November. But no answer about the ground breaking or real start of the project.. Yet, I think this is a sign that we should hold on to our units rather than back-out without getting any refund.

However, they advice me that SMDC will send letters to inform one by one regarding these changes... Does anyone know something about this?

Ok... So the story is far from over I see.

Just wanna share... this morning an SMDC corporate account executive visited our company to showcase some of the SMDC's current and upcoming projects...
I am an MPOR buyer as well and was curious why they aren't mentioning the project to us knowing that our office is located in Ortigas and was expecting they will highlight their projects that are within the area.. So then I asked about MPlace Ortigas. They told me that it is on hold for selling as there will be a gentrification of the project. It will no longer be called as MPlace, rather Rose Residences which will be inline with the SM Residences low density projects. But they can't answer well what will happen to the existing investors as the price of units will increase... But as expected, selling of units will re-open this November. But no answer about the ground breaking or real start of the project.. Yet, I think this is a sign that we should hold on to our units rather than back-out without getting any refund.

However, they advice me that SMDC will send letters to inform one by one regarding these changes... Does anyone know something about this?

So indeed "gentrification" is a most appropriate word to describe the process being undergone by this project as I've mentioned earlier...
Oh. So we may see a gentrification of this project.

Curious to see the controversial word "gentrification" being used to describe such equally controversial residential development.

After the unfavorable events happened since 2010 I think the buyers can now see a light at the end of the tunnel. Some activities are on going the site and clearly they are enclosing the perimeters and cutting out the thick foliage. And yes, a notice is put up along the Renaissance internal road stating the SMDC project is under construction. :okay:

After the unfavorable events happened since 2010 I think the buyers can now see a light at the end of the tunnel. Some activities are on going the site and clearly they are enclosing the perimeters and cutting out the thick foliage. And yes, a notice is put up along the Renaissance internal road stating the SMDC project is under construction. :okay:

I saw the movements as well. But in doing so they had to close one lane of the Renaissance Loop road for them to put up the perimeters. I'm surprised that they were able to get this access from the Homeowners, it can build up traffic especially in the morning when most of the cars from Renaissance 1000, 2000, 3000 leave for work, having to exit just one lane. It's still manageable now and during non-peak hours though.

Will the change of name or project push through? Will this still be called MPLACE, I read from the previous post that it will be changed to Rose Residences?

how much is the ass dues in Renaissance? maybe the mplay/rose would have the same ass dues.

how much is the ass dues in Renaissance? maybe the mplay/rose would have the same ass dues.

Possible, it is around P45-50/ sqm depending on which tower you are staying. However, i dont think SM will be sharing the ammenities like the pool, gym, clubhse of the renaissance. They will only be sharing the loop road if im not mistaken.

Possible, it is around P45-50/ sqm depending on which tower you are staying. However, i dont think SM will be sharing the ammenities like the pool, gym, clubhse of the renaissance. They will only be sharing the loop road if im not mistaken.

I think that is just about fair since the only issue in the first place was the right of way. And Renaissance and Mplace are two separate entity. I don't think homeowners will allow sharing of the Bramante Piazza.

hi guys, do you know kung may construction updates na po regarding this project? thanks po!

hi guys, do you know kung may construction updates na po regarding this project? thanks po!

I took this shot after reading your post this afternoon...

http://i246.photobucket.com/albums/gg108/vavaboom2k7/IMG_6923.jpg

There is earth moving activities now. The yellow backhoe equipment was operational when I took the picture. :)

ano yun nasa likod na may blue fence? mukhang pinabayaan na construction...

ano yun nasa likod na may blue fence? mukhang pinabayaan na construction...

That was supposed to be Renaissance 5000 which was shelved around 2003. Since Renaissance was bought by Megaworld, I heard they will put up a residential building there as well.

I took this shot after reading your post this afternoon...

There is earth moving activities now. The yellow backhoe equipment was operational when I took the picture. :)

Thanks po, Shazzam! Glad to hear this.

^^ kailangan ng ma repaint ung renaissance towers

That was supposed to be Renaissance 5000 which was shelved around 2003. Since Renaissance was bought by Megaworld, I heard they will put up a residential building there as well.

http://www.oocities.org/real_estate_philippines/5000build.jpg (http://www.oocities.org/real_estate_philippines/5000build.jpg)

http://www.oocities.org/real_estate_philippines/condominium5000.html

Hi everyone! It's now official, I have received a letter from SMDC. Rose Residences na nga talaga ang new name ng project :) ... And they will be sending daw the revised CTS. Para po sa iba, now they're only offering large units. Di daw affected yung mga studio units. And from 27 floors, it will only be 22 floors. Rose residences will be part of Renaissance Condo Corp. (not sure if it's a good thing).

The "promised" turnover date is still 3rd quarter of 2015. :ohno: ang tagaaaal!

Does anyone of you have any photo updates regarding the ground breaking?


* Happy Holidays!!! *

Hi everyone! It's now official, I have received a letter from SMDC. Rose Residences na nga talaga ang new name ng project :) ... And they will be sending daw the revised CTS. Para po sa iba, now they're only offering large units. Di daw affected yung mga studio units. And from 27 floors, it will only be 22 floors. Rose residences will be part of Renaissance Condo Corp. (not sure if it's a good thing).

The "promised" turnover date is still 3rd quarter of 2015. :ohno: ang tagaaaal!

Does anyone of you have any photo updates regarding the ground breaking?


* Happy Holidays!!! *

Saw last weekend. They're digging and every night the site looks busy.

Flyer for ROSE Residences.

http://img198.imageshack.us/img198/7004/rosefrontg.jpg

http://img834.imageshack.us/img834/5346/roseback.jpg

Saw last weekend. They're digging and every night the site looks busy.

This is great news! Thanks for the update. Wala p ata akong nare-receive na letter from SM. Sana soon. Anyhow, buti naman may ngyayari na sa project.

Indeed it's conforming with Renaissance's architectural design

http://cdn2.sulitstatic.com/images/2012/1218/203538838_202341163338d5c72dfabd8df4e458c8666bb877d88ae18ce.jpg

http://cdn2.sulitstatic.com/images/2012/1218/203538132_20234337253754da075441abad13b9d55eed31bbe99a98a2a.jpg

nice ^^

wow ganda...16 residential floors....

best rendered sm project

after all the ups and downs, its looking up and its looking good.

http://kucitw.bay.livefilestore.com/y1pfbgsm85HsEVmhyRMWB9gqNpaOZm-LlCI_xhLa_IDG8S5oHXUdeYCuixZBDAKeoHwmEMmYpp7XDWBTh01V7K9c9dQ4rgh67uG/2013-01-06+14.21.07.jpg

SMDC's Newest Project in Ortigas Center is Coming Very Soon!

Rose Residences, stands tall within a prestigious community called the
Renaissance Center, Located along Meralco Avenue, situated at the heart of Ortigas Center
the property is another distinctive addition to an already impressive locale. With an established
neighborhood profile consisting of nearby schools and business offices , Rose Residences has risen to
be another SMDC development that is truly five-star.

http://sphotos-d.ak.fbcdn.net/hphotos-ak-ash3/60067_175642445911687_1455590636_n.jpg

http://www.urbika.com/imgs/projects/large/5785_rose-residences.jpg

http://i246.photobucket.com/albums/gg108/vavaboom2k7/IMG_5468.jpg

Only one tower. Thread existing, name just needs changing:
http://www.skyscrapercity.com/showthread.php?t=1239859&page=25

I dont think there's a need to create a new thread for MPOR. Better to rename it na lang so forumers can easily refer back to past discussions about this project.