BGC | F1 City Center [Archive] - Page 3

kutong lupa

April 5th, 2010, 06:39 PM

Maraming Salamat Ms. Aziza ....

Sana lahat ng agent / unit owner... ay katulad po ninyo... may malasakit... yun iba pagkatapos makuha yun pirma sa contract... ayun tapos na boksing...
ang tagaaaallllll..... ng update.... hindi sa F1 agents ha... sa ibang condo agents ....

You take time out to enlighten others....
re: issues about projects which you handle...

Kaso marami pa po akong tanong na bumabagabag sa aking isip (naks)…:nuts:

Sana mayroon makatulong sa akin…..

Sorry ulit sa iba kung change ko pa ulit ang topic aside sa DENIAL (?) ng BIR sa BYO concept.... at nalalapit na pagpapatong ng sangkatutak na taxes.... (sana hindi tutoo ang tsismis....) one reason na kumuha ako sa F1 is to save sa taxes…. :storm:

Sana matulugan ninyo ako..... kasi hindi ko masyadong maintindihan yun legal Gobledygook na pinagsusulat ng mga abugado sa contract.... :weird:

1st----- Requirement ba talaga ng Developer na kumuha ang mga condotel unit owners ng parking?... :wallbash:
Kasi ni minsan, hindi ako kumuha ng parking slot sa ibang condos ko .... kasi sa tinging ko waste of money lang ito kung base ka sa states.... nag rent na lang ako on a monthly basis.... sa condo asso... kung nasa pinas ako...

2nd----- Nasa contract ba ito? Anong page at section? ... na required na bumili ng parking ang condotel unit owners ... nalaman ko lang ito pagkatapos ko magbayad ng 50K reservation....:dunno:

3rd--- Yun lot ng F1 .... sa TCT ... kanino nakapangalan... sa F1 city center Condominium Association ba? Or Ibang Corporation?:tiasd: Di ko na nacheck kasi…

4th--- Sa turn over sa Dec 2010.. aside sa 70% na balance ng contract price... aprox. lang naman... maski ball park estimate lang ... ilang percentage base sa contract price... ang dapat ko ihanda for transfer taxes .... other taxes... misc. fees... at elevator fees hehe... at kung ano anong fees...
:badnews:
(nabalitaan ko kasi sa Fort Plam Springs Project.... tutoo ba ito???... 200 pesos per trip.... na.... na charge... at na charge.... at na charge.... at na charge.... at na charge.... at na charge.... at na charge.... at na charge.... at na charge na naman .... napaka trivial... napaka liit... pero shows how developers are soooo profit oriented... imagine kung nasa 28th floor ka... paano mo iaakyat yun construction materials... kung sino nakaisip nito... kumita nga sila ng barya….pero sinira nila yun pangalan ng developer... sinira niya yun goodwill between them and the unit owners... and other prospective clients... I should know kasi may kaibigan ako base rin dito sa tate interesado rin sana bumili ng condotel unit sa F1 pero after reading comments tungkol sa Fort Palm Springs (nakakuha siya sa ETON greenbelt)… na turn off siya… barya lang ang kinita sa elevator fees pero yun pangalan nasira.... sayang...

---napilitan DAW... i repeat DAW !!!! DAW ng eh !!!!... kasi wala akong 1st hand knowledge...... iaccept ng unit owners yun kanila unit nuon turnover at bayaran yun balance kundi may penalty... maski di pa ready yun building ….ang gulo sa lobby… walang elevator... walang tubig... wala electrical wiring... sa loob ng unit...abang lang....conduit lang... nakakatakot... paano kung tungak yun nakuhang electrician ng unit owner.. edi sunog....
:bash:
* read comments of unit owners of Fort Palm Springs link… friend ko nagturo sa website… kaya nandidito ako…. Kakabakaba…… [/SIZE]

4A. Ilang percentage base sa contract price ang dapat ihanda for other expenses e.g. taxes... misc. fees.. kung APPROVE ng BIR ang BYO concept...
kunwari 6.7M yun condotel platinum unit. :pepper:

4B. Ilang percentage base sa contract price ang dapat ihanda for other expenses e.g. taxes... misc. fees.. kung DENIED ng BIR ang BYO concept...
kunwari 6.7M yun condotel platinum unit. :bleep:

5th--- Tutoo ba na naging rule ng BCDA and FBDC na hindi dapat ibenta ang 10%? or 20%? or 30%? ng available parking slot ng developers and reserve this for rent to guest???? ... to all buildings in the BGC. :master:

Paano yun mga Hotel Guest sa F1..?

Maraming Salamat sa lahat...

Sana maliwanagan ang aking agam-agam….

Maraming salamat ulit sa lahat... at pasiyensa na kung iniba ko topic... ginugulo lang kasi ako nitong mga tanong na ito ... pero walang makasagot.... maski yun mga agents sa 1st Global. Bakit pala naging(Unibuilt na?) Bakit Change Name?

PERO despite of those Minor flaws …. queries … apprehensions…. Sleepless nights… Tama po kayo ….

LOCATION ….. LOCATION….. LOCATION….. AT LOCATION….
Sana hindi lang ito malapit sa…… fault line….. joke lang…..!

Aziza1121

April 16th, 2010, 03:48 AM

Maraming Salamat Ms. Aziza ....

Kaso marami pa po akong tanong na bumabagabag sa aking isip (naks)…:nuts:

Sana mayroon makatulong sa akin…..

Sorry ulit sa iba kung change ko pa ulit ang topic aside sa DENIAL (?) ng BIR sa BYO concept.... at nalalapit na pagpapatong ng sangkatutak na taxes.... (sana hindi tutoo ang tsismis....) one reason na kumuha ako sa F1 is to save sa taxes…. :storm:

Sana matulugan ninyo ako..... kasi hindi ko masyadong maintindihan yun legal Gobledygook na pinagsusulat ng mga abugado sa contract.... :weird:

1st----- Requirement ba talaga ng Developer na kumuha ang mga condotel unit owners ng parking?... :wallbash:
Kasi ni minsan, hindi ako kumuha ng parking slot sa ibang condos ko .... kasi sa tinging ko waste of money lang ito kung base ka sa states.... nag rent na lang ako on a monthly basis.... sa condo asso... kung nasa pinas ako...

2nd----- Nasa contract ba ito? Anong page at section? ... na required na bumili ng parking ang condotel unit owners ... nalaman ko lang ito pagkatapos ko magbayad ng 50K reservation....:dunno:

Sino nag-advise sayo na requirement ang pagkuha ng parking for Condotel Investors? It was not mentioned to us nung pinag-aaralan namin ang pagkuha sa F1. And besides, when I checked F1's current availability, 88 parking slots pa lang ang sold out of 202. So if it is indeed required, dapat equal ang ratio ng sold parking slots against sa condotel units sold. Baka naman galing lang yan sa agent mo? Kc Im selling F1 also, but wala naman advice sa akin na requirement ang parking sa Condotel buyers. Anyway, I will ask this.

3rd--- Yun lot ng F1 .... sa TCT ... kanino nakapangalan... sa F1 city center Condominium Association ba? Or Ibang Corporation?:tiasd: Di ko na nacheck kasi…

4th--- Sa turn over sa Dec 2010.. aside sa 70% na balance ng contract price... aprox. lang naman... maski ball park estimate lang ... ilang percentage base sa contract price... ang dapat ko ihanda for transfer taxes .... other taxes... misc. fees... at elevator fees hehe... at kung ano anong fees...
:badnews:

4A. Ilang percentage base sa contract price ang dapat ihanda for other expenses e.g. taxes... misc. fees.. kung APPROVE ng BIR ang BYO concept...
kunwari 6.7M yun condotel platinum unit. :pepper:

4B. Ilang percentage base sa contract price ang dapat ihanda for other expenses e.g. taxes... misc. fees.. kung DENIED ng BIR ang BYO concept...
kunwari 6.7M yun condotel platinum unit. :bleep:

I will try to check on these if totoo nga na denied ng BIR ang BYO Concept

5th--- Tutoo ba na naging rule ng BCDA and FBDC na hindi dapat ibenta ang 10%? or 20%? or 30%? ng available parking slot ng developers and reserve this for rent to guest???? ... to all buildings in the BGC. :master:

Maybe our FBGC co-investors could help shed light on this...Anyone?

Maraming salamat ulit sa lahat... at pasiyensa na kung iniba ko topic... ginugulo lang kasi ako nitong mga tanong na ito ... pero walang makasagot.... maski yun mga agents sa 1st Global. Bakit pala naging(Unibuilt na?) Bakit Change Name?

Did you ask your agent what is with Uni-Built? I asked the admin and they said Uni-built lang ang middleman between First Global and Best Western. It only applies sa Condotel. But I dont buy this. Malabo sa akin explanation nila sa role ng Uni-Built. My wild guess is front lang ang Uni-Built ng First Global sa F1, kc nga nasira ang name nila sa FPS. Repeat, guess ko lang, ha?

PERO despite of those Minor flaws …. queries … apprehensions…. Sleepless nights… Tama po kayo ….

LOCATION ….. LOCATION….. LOCATION….. AT LOCATION….
Sana hindi lang ito malapit sa…… fault line….. joke lang…..!

Hay, tama ka. Location talaga ang selling point ng F1. Im more positive with F1 kc it's a Condotel. Masisira cla sa Hotel Property Group pag nde natapos on-time ang amenities. January 2011 ang start ng operation ng Condotel.

BTW, topping off ceremony tom, April 17 Saturday at 4PM sa 5th floor Amenities area ng F1 Building. Me, I would like to see personally the escalator in the lobby. I always imagine it grand just like yung sa St. Luke's Global. If you are out of the country, advise your AIF to attend instead. Tell them to bring cameras. Any other investors who would like to attend? See you!

MarkStylez

April 16th, 2010, 10:01 AM

Aziza1121,

Please check on the mandatory purchase of parking slots for all condotel owners. I was told this same thing from my agent, yet, I haven't seen anything in writing regarding this. I was told that condotel owners will also gain income on parking slots. If this is true then it does not bother me if I will have to purchase a parking slot. However, I did not see any projections from F1 that included income from parking. From what I know, there will be an open lot in front of F1 that will also be used for parking in case parking at F1 becomes full. So... this whole concept of condotel owners required to purchase parking slots does not make sense to me.

Please clarify this for all of us condotel owners. Thank you and we all hope to hear from you soon.

kutong lupa

April 16th, 2010, 06:47 PM

From MarkStylez

]".....From what I know, there will be an open lot in front of F1 that will also be used for parking in case parking at F1 becomes full. So... this whole concept of condotel owners required to purchase parking slots does not make sense to me."

Sinabi rin sa akin yan ng agent ko...na may parking lot sa harap.... kaso kanino nakapangalan yun lot... sa condominium association ba? or gagawing building rin in the future?

TY ulit pala ms. aziza1121 .... Nov 21? ..

Matagal na rin ako nag invest sa mga condos...
pero.... ewan ko ba.... 1st time lang akong naging paranoid......

Bwisit talaga yun kaibigan ko... pinabasa sa aking yun mga comments nag mga unit owners sa Fort Palm Springs.... ayan tuloy... di ako makatulog....

At least ...Nabawasan ng kaunti ang apprehensions ko.... dahil siguro may symphathetic ear na akong nabubulungan.... TY ulit...

parang si ninoy.... di pala ako nagiisa.... kaso sana hindi tayo sabay sabay na barilin...

:dance:

Aziza1121

April 16th, 2010, 07:55 PM

Hi guys. I did check with First Global's admin, and they said it is not mandatory to purchase a parking slot. Until now, there is no official condotel guidelines released yet, so I doubt if this is part of the Condotel regulation.

BYO Concept is approved by the BIR, as per their advice. TurnOver fees will be same as with Fort Palm Spring (tax dec, title, transfer tax). Maybe FPS investors can share the procedure they've done and the corresponding fees.

Based from the masterplan below, yung lot in front is proposed for parking. It is not owned by First Global. Those parcel of lots which have shades of blue are the leasehold ones. Those on shades of reds are the sold lots. This makes F1 a perpetual ownership condo.

http://img532.imageshack.us/img532/1827/bgccurrentdevt2010janua.jpg

After what happened in FPS, we have to be extra watchful sa mga turn of events in F1 lalo na malapit na turnover. Just like you, kutong lupa, Im also kakaba-kaba kc 1st condo investment namin ito. But now that Im learning a lot in real estate, matanong na ako sa kanila. Hay, sino pa ba ang magtutulungan para mapaganda ang investment natin kundi tayo-tayo din? But ask your agents too with your concerns and share here their responses. CHEERS!

MarkStylez

April 17th, 2010, 07:36 AM

Aziza1121

April 17th, 2010, 08:54 AM

When I asked my agent again regarding the subject that ALL CONDOTEL investors are mandated to purchase a parking slot, this is a summary of their response:
- "just like our first building, Fort Palm Springs, owners who did not purchase a parking lot before are asking the office now if there are still available slots."

This happened maybe because they converted the parking floors to residential floors, kaya lumiit ang ratio ng parking slots against the units. Any FPS investors who can confirm their claims?

- "F1 - to be operated as five star hotel and will be a lot busier than any buildings in the Fort soon."

I agree. F1 will be the first hotel in The Fort. With its convenient proximity to S&R, SLMC and BHS, we have the advantage. Plus it is surrounded by banks (feng shui), and there is a Fort Bus Stop just along the 32nd Street side of the building. Very busy area, indeed.

- "As of yet, Best Western are still completing its staff and so with the rules and policies. You will be informed soon as one of its investors. Please also remember that your parking is not limited to those who will occupy the condotel units only. F1 IS A MIXED-USED DEVELOPMENT. Ground floor up to the 3rd floor will be commercial and office space, and then you have the condotel and residential units. Nothing is free nowadays, especially in the busiest place like Fort now when parking space are precious and on an hourly rate."

So if you own a condotel unit, does it follow that your parking is automatically included in the rental pool? Who will manage the parking? Best Western or Uni-built? How is the profit sharing? When will they advise the owners of the official guidelines for both condotel units and parking space?

I think those commercial and office spaces bought their own parking slots. Yung condotel renters naman are usually transients lang, so they dont have cars.

I definitely go for owning a parking space, but dont enroll it sa rental pool. You can easily find a renter for the space. Long-term rent naman yan, so you wouldnt have to worry that wala kang renter the next day. You can rate it as you wished. Solo mo pa income. And besides, you dont have to look elsewhere. The F1 residential unit owners and the MDs in SLMC can be your immediate prospects.

So as you can see, I never really got a direct answer to my question. Like I said, I have no problems purchasing a parking slot if it will also generate income. However, I have yet to see any projections or plans from F1 on how they will distribute income from parking. What are your guys take on all of this? Should I keep the parking slot? Again, I am a condotel unit owner so I will not stay at F1 for an extensive period of time... if ever.

It will generate income. Plus it adds value to your condo when you decide to sell it eventually. My opinion.

pinoyako2010

April 17th, 2010, 03:52 PM

hi, ask ko lang kung may available 3-bedroom units dyan sa f1 city center...
or kung may alam kayong ibang condo na affordable but safe to live in..
tpls. pm me....tnx!

Aziza1121

April 17th, 2010, 05:31 PM

UniBuilt Real Estate Corporation acts as the representative of Condotel and Residential unit owners of F1 City Center to the Best Western Property group. Best Western will manage the whole property. They will also manage the residential floors.

Elevator area
http://img146.imageshack.us/img146/7418/dsc07721i.jpg
Amenities Area
http://img177.imageshack.us/img177/9923/dsc07722edited.jpg

http://img28.imageshack.us/img28/4778/dsc07723edited.jpg

http://img691.imageshack.us/img691/4386/dsc07735edited.jpg

http://img146.imageshack.us/img146/1207/dsc07737edited.jpg

http://img641.imageshack.us/img641/1413/dsc07738edited.jpg

Topping Off Ceremony
http://img707.imageshack.us/img707/2854/dsc07743m.jpg

http://img151.imageshack.us/img151/6375/dsc07732x.jpg

http://img408.imageshack.us/img408/3372/dsc07764.jpg

VIEWS FROM 5F

Orientation:West, facing Manila Bay
http://img210.imageshack.us/img210/1875/dsc07765j.jpg

http://img43.imageshack.us/img43/6183/dsc07752n.jpg

Orientation: South, facing Laguna de Bay
http://img710.imageshack.us/img710/8742/dsc07746.jpg

http://img687.imageshack.us/img687/8174/dsc07747t.jpg

Orientation: North, facing Ortigas
http://img231.imageshack.us/img231/9797/dsc07726.jpg

honey_bee10

April 19th, 2010, 11:11 AM

i2 lang masasabi ko, all employees of F1 and Gencon ay mababait cla... Kht pressure cla, na accomodate k pa nila. Thanks Guys...

MarkStylez

April 19th, 2010, 01:03 PM

@honey_bee10,

how does being "mababait" have anything to do with an agent informing you with what turns out to be false information? Does being "mababait" give them reason to tell you lies in order to make a sale? I can care less if they are being pressured. You must be an agent yourself for making such an absurd comment. If you are, please clarify to me and others who are reading this - Is it mandatory for condotel owners to purchase a parking slot?

you_wish

April 19th, 2010, 06:47 PM

is this project delayed?

The prices are too high and they can't even provide a decent paper for their sample computation.

Aziza1121

April 20th, 2010, 02:45 AM

^^:lol: Correct! I was looking for a payment template in excel so easier to compute and presentable sa client, but wala. It's by manual computation. For 3 years since they started selling, nobody took the initiative to make one.:ohno:

@MarkStylez, when is your turnover balance payable? this September or December?

MarkStylez

April 20th, 2010, 08:26 AM

Aziza1121,

This November. My last interest free installment is this October. So I either will have to opt for in-house financing or bank loan with BDO.

MarkStylez

April 20th, 2010, 08:29 AM

Aziza1121,

This November. My last interest free installment is this October. So I either will have to opt for in-house financing or bank loan with BDO.

you_wish

April 20th, 2010, 05:16 PM

kutong lupa

April 21st, 2010, 01:37 AM

SAKLOLO!!! Di ba sabi nila save sa taxes .....

paki explain ng ito sa akin mahina lang ang pickup ko eh .... utak kuto kasi...

paki follow ninyo url.

ftp://ftp.bir.gov.ph/webadmin1/pdf/49839RMC%20No%2020-2010.pdf

REVENUE MEMORANDUM CIRCULAR NO. 20-2010

RE: Revocation of BIR ruling No. DA-245-2005 dated june 7,2005

In effect rejects the Build Your Own Concept:

TUTOO BA ITO???

involved dito lahat ng unit owners.

mag jack up final payment natin to as much as 15-17% kung tama ito.

e.g. kung unit mo 6.7M may turnover balance ka na 4.7M add mo 12% vat at another 5% additional expenses base sa original price of 6.7 M so additional 1.139M add mo ito sa 4.7 M so utang mo sa turn over ay 5.839M ..

that is and extra 1.14 M pesoses sa budget.... aray ko....

TAMA?

Ay naku gobyerno natin ....

One reason kaya ako kumuha and siguro karamihan sa atin maski medyo mahal ay dahil selling point nila ay save sa taxes.... tingnan ninyo yun mga billboard sa site.... yun latest newspaper advertisement....

Sana tutoo lang ang sabihin sa atin....

1st --- sa parking--- required daw mga condotel unit owners na kumuha parking ...

gaya sabi mark...

how does being "mababait" have anything to do with an agent informing you with what turns out to be false information? Does being "mababait" give them reason to tell you lies in order to make a sale? I can care less if they are being pressured. You must be an agent yourself for making such an absurd comment. If you are, please clarify to me and others who are reading this - Is it mandatory for condotel owners to purchase a parking slot?

siguro hindi rin nila (agents) alam ang tutoo... victims rin sila ng circumstance...

in fairness mabait nga sila... very accomodating... di lang siguro na orient ng mabuti sa seminar...

Maski agent ko di ako masagot ng diretso kung bakit from First Global to Unibuilt simpleng NAME CHANGE lang yun ha.... bakit kailangan pa middle man... diba may cut pa rin yun... extra gastos ... mo

2nd --- Itong BIR rejection ng BYO concept ... called my agent last week di daw ito tutoo... wala daw VAT na dapat bayaran... ano sabi ng administration??

3rd --- Bad reviews ng Fort Plam Springs unit owners see FPS thread....

Kaya nga di na ako makatulog eh...

Dati na ako kumukuha ng condo sa ibang developer... pero 1st time ako nakarinig ng elevator fees.... 1st time ako naging apprehensive... 1st time ako di makatulog... 1st time ako ng blog ng thoughts ko... dami 1st time ha.... (naalala ninyo 1st kiss ninyo noh..... kaso parang 1st time rin akong nasipa sa B _ _ _ _ dahil dito... )

ano update?

kung tutoo ito... nag appeal na ba sila sa court of tax appeals? ano sabi admi?

Ano na nangyayari diyan sa pinas....

SAKLOLO MS. AZIZA... MARK...

at mga madlang people... hehehe...( di kayo kasi nanonood ng Showtime sa TFC..)

chededeng

April 21st, 2010, 03:53 AM

Sorry po if ever magkamali ako ng type 1st time ko pong sumali ,,na enganyo po ako kac nakikita ko po ang concern ni Miss janet sa mga buyers..tanong ko lang po dpo ba ang turn over sa mga owners ng bare type sa F1 e sa sept 15th?pano po ang pag apply sa In-house ska magkano po ang interest per annum?Nag aalala rn po ako kailangan pang magbayad ng 12%..Thank you po

Aziza1121

April 22nd, 2010, 05:34 PM

@kutong lupa: how did you discover the Memorandum? Did you give your agent a copy? Or advise him of the link?

--SuperB0y--

April 22nd, 2010, 06:46 PM

i heard of that news from somebody. byo lang ba ang na-revoke? o pati bto? i thought sooner or later maaamoy ng BIR ang mga system na ito eh. =(

kutong lupa

April 23rd, 2010, 12:08 AM

ay naku ang gobyerno natin......

kutong lupa

April 23rd, 2010, 12:19 AM

kung tutoo yun memorandum .... (kasi di naman lahat ng nababasa ko sa internet tutoo...) ... patay...

from superboy:
byo lang ba ang na-revoke? o pati bto?

yes, mukha kasama pati BTO...

from ms aziza:
how did you discover the Memorandum? Did you give your agent a copy? Or advise him of the link?

discover.... hmmmm... isang gabi di ako mapagkatulog.... at bigla kitang naalala (naks) ...(bolero)... ... kaya..... punta ako website ng BIR.gov.ph..... inisa-isa ko mga Revenue Regulations , Revenue Memorandum Orders, Revenue Memorandum Circulars ... at back track ako ng bir rulings... ng start ako 2010... ( wala talagang magawa ako sa buhay no?)...
at yup... na e-mail ko na ... nagtatanong....

kaso.... haaaayy... at hayyy parin... ewan... sa kanya galing yun info na mandatory daw magpurchase ng parking ... at malapit na daw maubos yun parking... sold out na ng isang level eh... at di rin daw niya alam kung bakit unibuilt.... at hayyyy parin... at wala pa update ...

gusto ko lang malaman kung ano nangyayari diyan sa pinas?... Ano atmosphere sa office ng 1st Global? nag file na ba ng case sa court of tax appeals? o tatahimik na lang tayo... ano sabi mga abugado ng First Global? nag coordinate na ba sila sa mga abugado ng G&W ? I-pass on ba ng First Global yun capital gains tax sa unit owners? (oo... alam ko capital gains dapat seller mag absorb..) kasi maski elevator charge pinapatulan nila eh... capital gains pa... baka itago in the form sa kung ano anong charges...like escalator charge.. entrance fee.. walking charge...( pagpasiyensahan ninyo na lang po...being sarcastic lang po...)

PATAY .... sana panaginip lang ito.... sana MALI lang ako....

@tbp

April 23rd, 2010, 04:39 AM

that news has been circulating for the past 4 months na ata. i was able to know that through my lawyer friend who is also into real estate. i am not sure though that the provisions were approved and are applicable now. your observations were right that the government, well at least some people in the government who sees money :) in that "opportunity", are now putting their acts together to get something out from this. they want to put their hands in the pot as well. tsk tsk tsk. i'll get back once i have something in black and white.

Aziza1121

April 23rd, 2010, 04:49 AM

ChicTown

April 23rd, 2010, 07:30 PM

sana applicable lang yan sa future projects with similar concept...exempted na yung mga nabigyan nila ng approval...pwede bang may bawian??? nde naman papayag ang company na basta na lang bawiin ang approval, and implemented agad ang memo...for sure, mag-fi-file cla ng appeal...

@kutong lupa, wala pa ba reply agent mo?

^^greetings! it appears to me the the BIR memorandum relates, for now, only to the developments in joint venture between Meridian and Century Properties but those that are being built under these guises are/will be investigated; hence, BUYERS BEWARE!:ohno::ohno:

Aziza1121

April 26th, 2010, 02:31 AM

A broker-friend said that pinagbayad daw sila Mr. Gibson (G&W) ng Taguig municipal bec of the BTO concept. Just dont know how true is this?

kutong lupa

April 26th, 2010, 07:38 PM

ms. AZIZA
...pwede bang may bawian???

puwedeng puwede... ang gobyerno natin.... ang cute..... at least ka level na natin ang shell... BOC at excise tax... piatco at naia 3.... etc ... etc... etc... binabago rules sa gitna ng ballgame....

@kutong lupa, wala pa ba reply agent mo?

laaaaa paaa... dalawang e-mail na pinadala ko....

kayo lang ang nakakausap ko tungkol sa problemang ito...

sabi sa akin ng kaibigan ko bago na daw advertisement ng 1st Global ....

tinangal na daw yun BYO word sa newspapers at save 40% na lang... tutoo ba?..... so siguro aware na rin ang mga big boss tungkol dito...

TY ulit sa lahat... sa inyo lang ako nakakakuha ng balita....

remember:

ftp://ftp.bir.gov.ph/webadmin1/pdf/49839RMC%20No%2020-2010.pdf

ganda balita.... :banana: .... para sa BIR.... at least nakakahabol na sila sa target collection nila..... yipee...

SupermanII

April 27th, 2010, 12:42 AM

Best you guys organize yourselves for a class suit against meridien before they close shop.

a similar case happened in the 80's with the importation and sale of surplus trucks. when the BIR declared that they were subject to taxes, the LTO denied registration of the vehicles until the taxes were paid by the latest owners.

the sale of those vehicles by that time had been going on for at least 5-6 years and the belated tax assessments were large, 30-40,000 pesos for trucks which were originally bought for 80-90,000.

I think the contract to sell of meridien/century had a rider which says that if at a later date it is determined that the property is subject to these taxes, it is the buyer who shall be responsible. I remember that because i considered buying into SOMA.

Additionally VAT is a consumption Tax and is assessed the buyer, not the seller.

chededeng

April 27th, 2010, 03:27 AM

Pasali ulit ....Grabe ilang araw na akong d nakkatulog ng ok lalo na lastnyt kc wla akong magawa at binasa ko un FPS furoms un lalo akong nag alala dahil iisa ang developer ..Pnag iisipan ko kung pwede ebenta un unit ko kac d lang magbabayad ng 12% tax if ever e grabe pa ang sasagupain kong problema pag ipapa ayos ko..sa location ng F1 the best pero un problem na sasagupain ko parang the best dn ata ,,buti na lang kahit papano naaliw ako kay kutong lupa sa mga post nya kc may konting comedy..Thankz..

Aziza1121

April 27th, 2010, 03:58 AM

^^wag magpadalus-dalos chededeng....let's wait muna sa advisory ng developer abt sa BIR Ruling memo...what abt you? did you ask the help of your agent?

Im more positive abt F1 kc may third-party involved: BEST WESTERN...

@SupermanII, our developer is not Meridien nor Century...

@tbp

April 27th, 2010, 08:12 AM

From how i see things, the BIR started investigating on this matter after they found out that Meridien and CPI misrepresented their transactions which nullified the said ruling. They reviewed BIR Ruling No. DA-624-04 and realized that it does not constitute a joint venture as per the case against CPI and Meridien. This probably would lead BIR to make appropriate investigations on other developments applying the BTO/BYO schemes. If, from my understanding, the notion of a 'joint venture' and other criteria under the BTO scheme is kept, this would not really be a problem. But if it falls short of those criteria, you know what these guys are going to do and what they are capable of :D

So until then, it's too early to say that F1 or other BTO/BYO projects would be affected by the said revocation. Let's just hope that the developers are true on their representation or else it really is something to be concerned on right now.

@ chededeng and kutong lupa...hinga muna :D let's hope for the best!

Aziza1121

April 28th, 2010, 05:44 AM

^^tbp is correct. This is exactly the explanation they gave me. I visited the ofc and was able to see and read the BIR approval abt F1 City Center BYO Concept. Was not allowed to be given a copy, though.

BTW, they are starting to paint and do fitout in condotel units from 6th till 8th floor. And yung commercial area are now with bars in prep for glass attachment. I didnt bring my dgcam with me, kaya wala me pics. But the building looks better now.

In addition, F1 daw will be Best Western's flagship to be a 5-star hotel. Maybe it explains this advertisement in PhilStar yest and today;

http://img218.imageshack.us/img218/1484/dsc07908f.jpg

chededeng

April 28th, 2010, 09:09 AM

Thank you Aziza for posting the pic from phil star kahit papano mdyo makkatulog n ako ng konti, un makita na F1 will be really a 5 star e nakakagaan ng loob,,nalalaman ko lang developments ng F1 by reading the forum..Sna Miss Aziza kutong lupa @tbp e magkita kita tau dyan sa pinas this year :cheers:.Mdyo nakakagaan ng loob pg nababasa ko mga post nyo..Miss Aziza sna nakilala kita ng mas maaga ,.

Aziza1121

May 9th, 2010, 04:51 PM

Neighbors, do you already have copy of the latest floorplans (whole set from Basement Parking 6 to 31st floor) dated Feb22, 2010?

Popoy

May 11th, 2010, 05:13 AM

ilan n lang natitirang condotel units? how much na ang price?
how about residential units? how much na ang price?
nagtatanong kse un kaibigan ko,, interested daw sya

Aziza1121

May 12th, 2010, 06:13 PM

F1 pics as of May11. Sorry for the shot. These were taken from B8, BHS.

http://img175.imageshack.us/img175/3770/05122010a.jpg

http://img195.imageshack.us/img195/6223/05122010b.jpg

@popoy, will PM u latest F1 availability tom. Thanks

kutong lupa

May 13th, 2010, 05:22 PM

I'm back.....

Hi chededeng.... medyo may pagkatarantado talaga ako... di ko naman sinasadya na takutin kita ... at tuloy di kana masyado mapagkatulog... (dami akong tylenol PM... gusto mo?)

OK naman siguro investment natin sa condotel... siguro... baka... sakali... malamang...

KASO... di mo ba napansin yun latest newspaper ad ng First global .... may nawawala....

yun salitang BYO.... (natanong mo na ba kung bakit?)

sabi ko na sa iyo... may konting pagkatarantado ako...

Sinong luko lukong (ayon kay madam miriam) maniniwala ng BYO concept na... at this stage na nagtopping off na yun building at nagbebenta parin sila ng units... the mere fact na may daily newspaper ad... means that hindi BYO na ito at preselling na rin sila.... magagamit itong evidence ng BIR to disprove the BYO concept sa court of tax appeals... ay naku... maghanda nalang tayo ng additional 12% just in case... kung hindi matuloy ... good... libre ko kayo sa turn over ceremony ... uwi ako pinas nov ...

Kaso...kung matuloy ang 12% VAT.. edi pautang na lang...

Kitam ... tarantado talaga ako....... konti lang...

kutong lupa

May 13th, 2010, 05:44 PM

Hi ms aziza.... Floor plans?... malaki ba pagbabago compared to last year's design? nakapost ba sa internet yun revised design ? .... Ano URL 4revise floor plans? papaano yun 1 bedroom platinum condotel unit ? yun nasa 25th to 27th floor? lumiit ba? lumaki ba? yun website ng F1 city center lumang design pa rin...

sorry ha... wala ako pinas... at ikaw lang ang puwedeng tanugan ko... agent ko ...tinakot ko rin yata.. nagtanong lang naman ako tungkol sa BIR memoramdum... na forward ko lang sa kanya ... ayun... nagka carpal tunnel syndrome... at na allergic tuloy sa computer...

chededeng

May 14th, 2010, 03:20 AM

Uyy!! welcome back,saan ka naglalagi (prang nagger na wife kung magtanong )at bgla kang nawala..andyan ka nanaman tinatakot takot mo ulit ako pati un agent mo.. kya ayun check ko kung mgkano 12% tax ko un sakt ulo ko :bash:,,un outstanding balance ko nga dko na malaman kung san ako uutang tapos ddagdagan pa 12 %..paotangin mo muna ako tapos ppautangin kita aftr 4 yrs pg bayad nako sa F1:lol: wla bang mas matapang na gamot aside from tylenol?:ohno:
Daya mo nman kutong lupa last wk ako ng august uuwi d wla na akong blow out( f ever wlang 12%)..ganito na lang kac baka uwi ulit ako ng feb iwan mo na kay miss aziza un para sa akn pero who knows baka uuwi ako para sau jeh jeh jeh...wla rn akong flr plan..

Popoy

May 14th, 2010, 03:40 AM

masyado kyo nerbyoso,,, relax lan,,, kaya d umunlad ang pilipinas puro negative ang iniisip nyo eh,,, naginvest na kyo, so kelangan magtiwala kyo sa pinasukan nyo,, suportahan na lan natin ang proyekto para matapos on schedule at walang aberya.
relax lan!

@tbp

May 14th, 2010, 04:38 AM

chededeng

May 14th, 2010, 05:03 AM

as they usually say, hope for the best but prepare for the worse :D
so until then let's wait for the final word from BIR if F1 would fail or fall short of the requirements of a BYO/BTO. Seibu on their part did place a 12% increase on their price. Parang pinangunahan na ata nila upon hearing the news so they played safe instead...again to the discredit of future investors :( Ang hindi ko nlang sure if it would also affect the owners na.

Para taung nasa Final Countdown..sbagay baka putanging ako ni kutong lupa(joke),,sna wla ng 12% evat sayang un libre,,pero sa totoo lang kahit nakaka aliw si kutong lupa kac natatawa ako sa post nya,,we cant do anything pg BIR na ..only in the philippines ika nga pg trip ibahin ng gov ang rules na ginawa nila ginagawa nila..pero happy ako na may mga neighbors akong mababait na met ko d2 sa forum.

Popoy

May 18th, 2010, 06:37 AM

i've heard nag appreciate na naman condotel units natin ah!
ayus!:cheers2:

jojo77

May 18th, 2010, 07:40 AM

Magkano na ngayon ang unit ng silver prestige? Intresado ako sa concept na to kaso nga Lang late na yata ako para makakuha ng unit......

@tbp

May 18th, 2010, 08:44 AM

Magkano na ngayon ang unit ng silver prestige? Intresado ako sa concept na to kaso nga Lang late na yata ako para makakuha ng unit......

well it's still never too late :P inform us if you're interested :)

jojo77

May 19th, 2010, 08:32 PM

yes i already talk to an agent. classmate ko nun highschool.. ang gusto ko malmaan sana kung magkano sya nun pre selling....and is it really true na kaya nun kumita ng ganon? thank you sa inyo... if makpagbigay kayo ng info...

Aziza1121

May 25th, 2010, 05:55 AM

^^PM me the unit number and I will tell you how much yung preselling price ng unit that you are eyeing.

I presume you are asking abt a condotel unit's projected ROI. I suggest ask your agent what is the official percentage of profit sharing, how it is computed among the units, when it is given, and owner's allotted free days per year, now that andyan na ang Best Western Premiere as F1's hotel management group.

Polgas

May 27th, 2010, 04:33 AM

There is talk that the construction permit for this project was placed on hold. This was due to the current case with FBDC regarding non entry of inspectors to the building. anyone who can confirm? thanks

Aziza1121

May 27th, 2010, 08:54 AM

^^Where did you hear this? If this is true, Im sure it will be resolved soon. Jan2011 ang opening ng Hotel.

Polgas

June 1st, 2010, 08:23 AM

I hope they finish by January, Confirmed with the marshals that they have standing orders to hold all deliveries for construction to F1.

MarkStylez

June 2nd, 2010, 10:41 PM

Polgas

June 3rd, 2010, 05:40 AM

What is this all about? If I'm understanding correctly, inspectors were not granted entry to the premises, thus construction has halted? This does not sound good. What more can go wrong with this project? Anyone here think that the current case filed in court regarding the whole "BYO" thing will cause further delays in construction? I am hoping this does not turn into another "ICON Towers" debacle...

Its not because of the BYO thing, If you remember, they converted some parking units to residential areas, FBDC just wants to check all buildings if they are following the rules. these guys did not allow the inspectors to go in the building. I guess this is how FBDC enforce the rules if you don't follow them.

RonnieR

June 3rd, 2010, 09:38 AM

June 2
http://i530.photobucket.com/albums/dd350/RonnieR_2008/P1010240.jpg

Aziza1121

June 3rd, 2010, 02:27 PM

http://img444.imageshack.us/img444/306/dsc08161j.jpg http://img85.imageshack.us/img85/6439/dsc08165r.jpg

http://img13.imageshack.us/img13/9476/dsc08162z.jpg http://img18.imageshack.us/img18/2513/dsc08164p.jpg

IslandSon.PH

June 7th, 2010, 11:03 AM

JUNE 7

Top off already i guess..:cheers:
http://farm5.static.flickr.com/4063/4678225960_9b0d098f4a_b.jpg

http://farm5.static.flickr.com/4014/4678227670_833f501598_b.jpg

gnm

June 11th, 2010, 07:00 AM

F1 City Center gets sales boost from St. Luke's Medical Center-The Fort
(The Philippine Star) Updated June 11, 2010 12:00 AM

MANILA, Philippines - The opening of the world-class St. Luke’s Medical Center at the Fort Global City in Taguig has boosted further the attractiveness of the condominium development projects at the country’s emerging premier business district among discriminating condo buyers and real estate investors.

With the opening of the SLMC-The Fort November last year, the presence of a world-class hospital that boasts of having the best medical minds and the best available equipment and technology in the country is added to the long list of advantages of having a condominium abode at the Global City of Fort Bonifacio.

Leading the list of condo developers enjoying a windfall in sales from having the SLMC-The Fort as a neighbor is the F1 City Center Tower of the First Global BYO Corp. which is in its final stages of construction.

Just across the new hospital, the F1 City Center Tower is the nearest residential and commercial condo tower that will be the logical choice for condo buyers wanting an intimate proximity to the SLMC-The Fort.

Rosemarie Rajel, First Global BYO Corporation investment consultant, shared that the opening of the SLMC-The Fort had further heightened the excitement for their units which has already enjoyed brisk sales even when the hospital was just a-building.

“Now, they can appreciate better the prime location of our F1 City Center, basically just a stone’s throw away from the new SLMC,” Rajel said.

“Fortunately, the appreciation of the location is also translating to very interested buyers,” Rajel said.

The investment consultant said that many recent buyers were those who wanted to have a modern world-class hospital nearby.

The hospital, she hastened to add, was just one of the advantages for the buyers since the F1 City Center is also just in front of the S&R shopping club and the MC Home Depot furniture haven.

The sprawling and high-end Bonifacio High Street shopping district and the lower-end Market! Market! Shopping mall which houses a couple of call centers.

Rajel said that F1 City Center was now 92 percent sold-out.

“There are still a number of residential and condotel units left,” Rajel added.

The F1 City Center, it was learned is the second condo development project located the Global City of Fort Bonifacio of the First Global BYO Corpooration, after their hugely successful Fort Palm Springs project which has been turned over to buyers a couple of years ago.

First Global BYO is a world-class developer and project manager of multi-million dollar residential and commercial developments, with over 35 years of experience in countries such as the US, Australia, China, Hongkong and the Philippines.

“The FORT 1 City Center will be turned over in September. It is going to have 31 floors with all the amenities that a modern dweller can look for,” Rajel said.

http://www.philstar.com/Article.aspx?articleId=583246&publicationSubCategoryId=76

antediluvianist

June 27th, 2010, 01:42 PM

Yes, you guys may have tax and/or BOY issues. But more than that, well, don't underestimate the legal wrangle with FBDC. I know the facts there, and F1 has a big problem.

Aziza1121

June 27th, 2010, 04:45 PM

Can you give us an idea before we call and ask BESC or FBDC about problems in F1?

Aziza1121

July 1st, 2010, 06:02 AM

An advice I received after consultation:

Write asap to First Global BYO Corp inquiring about the project's current status, asking for clarifications of the issues that we are hearing. Dont accept verbal replies. Let them issue an official letter addressing our concerns. It's their obligation to advise us since our contract is with them. Put in the letter that we would appreciate an immediate reply not later than 7days.

If you are based abroad, have your AIF make the letter and have the receipt copy signed by the Manager of your agent, or better yet if you know someone in the admin.

If anyone of you who knows someone in Taguig Municipal, pls PM me asap. We need the help of that person.

Let's unite on this. Let's protect our interest. We have to know where we, as stakeholders, stand in the current legal issues of F1.

@ Chededeng, pls call me in my smart mobile.

Popoy

July 1st, 2010, 03:03 PM

i'm from taguig.. please tell me what kind of help we need from the city hall. please update me aziza about the issues and problems

jojo77

July 1st, 2010, 09:45 PM

what seems to be the problem with our investment I am also from taguig..what are the issues we need to address so that i can ask my agent... and I know somebody from taguig city hall.... although there is a change of adminstration right now...

Polgas

July 2nd, 2010, 02:26 AM

Gathering from previous posts, it seems that F1 and fort palm spring does not follow the guidelines/ rules and regulations of FBDC. These regulations are supposedly for the safety/well being of people who will live there and other businesses/condos in the fort. adding additional residential floors that was supposedly for parking will increase the number of occupants in the building. In an event of an emergency, are the original emergency facilities(built for lower number of unit owners) capable of handling this? Fire sprinkler systems for parking areas are located differently from unit areas, not allowing inspectors to check these and other facilities may jeopardize the safety of the occupants.

Popoy

July 2nd, 2010, 02:54 AM

Is this the only issue we are looking at?
I understand that any modification on the design should be approved by the professional engineers as well as the city engineers office and FBDC before implementation on the project.
In this case we assume that the change in design is already permitted, otherwise we have a problem on the contractors.

Gathering from previous posts, it seems that F1 and fort palm spring does not follow the guidelines/ rules and regulations of FBDC. These regulations are supposedly for the safety/well being of people who will live there and other businesses/condos in the fort. adding additional residential floors that was supposedly for parking will increase the number of occupants in the building. In an event of an emergency, are the original emergency facilities(built for lower number of unit owners) capable of handling this? Fire sprinkler systems for parking areas are located differently from unit areas, not allowing inspectors to check these and other facilities may jeopardize the safety of the occupants.

Polgas

July 2nd, 2010, 03:02 AM

Popoy

July 2nd, 2010, 04:23 AM

patay tyo dyan! it is not a good engineering practice.
the contractor should not be implementing the changes without any necessary permits and approval from the governing authorities. haay...

The management of FPS/F1 changed without permission hence the court case that is ongoing. There may be other issues also as for them not allowing inspectors in their building to check.

@tbp

July 2nd, 2010, 04:34 AM

i never thought, if it were true, that F1 would do the same mistake as FPS in changing/ modifying and deviating from its original plan without duly informing and seeking permission from FBDC. I thought the only issue that F1 is facing is regarding the issue of BYO/ BTO concept which is being investigated by the BIR. If anyone here knows the reason why F1 did not allow inspectors/ FBDC to inspect the project, please do let us know so that we could keep our investors informed on what is really happening. i wouldn't border on what most in-house agents are telling us ( which was probably what the developer wants everyone to hear) and so if anyone would probably get in touch with any FBDC representative or would really know the real issue please do inform us :(

...it has been a week and there's really no construction or any movements happening in the project lately and investors are beginning to worry...

Aziza1121

July 2nd, 2010, 05:04 AM

First of all, Im sure everybody agree that our F1 is still a good investment. The problem is not with the building itself, but with the developer/contractor. Now only, if the developer complies with the terms of their contract with FBDevt Corp.

I was able to talk to BESC abt F1. They cant say much, bec there is a current case filed against First Global,and First Global also counterfiled damages against FBDevt Corp in the court. But this is what I gathered: They didnot order stop construction for F1. But they indeed cancelled delivery gate passes of construction materials for it. When this issue first came up here in the forum, I immediately called to confirm my contact in First Global. Accdg to her, they didnt stop construction. If wala daw tayong nakikita na construction from outside, it's bec they are doing the interiors. Hahaha!... I think dapat nga simultaneous ang gawa nila kc malapit na turnover. To give them the benefit of the doubt, this can be true somehow. Big delivery trucks lang naman ang need ng gate pass. Pwedeng nagpapasok pa rin cla ng light construction materials (which can be use for construction of interiors) using private small vehicles.

I was advised that First Global is accountable to us owners/investors, NOT FBDevt Corp/BGCEA/BESC. So we have to address our concerns to First Global. Let the developer answer our concerns in writing para official. Will they disclose to us the current legal issues of F1?

Now my concern (and im sure most of you share same): They are requiring us to pay turnover balance by Sept15 bec early turnover daw. Original turnover was Dec2010. If walang nakakapasok na delivery trucks for the site (I believe since May pa), project completion will be definitely delayed. Turnover should be delayed also. So why pay them our turnover balance on Sept15? Even if we pay the TO balance, nde pa rin nila matatapos ang building kc nga walang construction materials ang nakakapasok sa site as per FBDC order. What they will do with our money? Your guess is as good as mine. What about materials for our own unit fitout (residential)? How they will finished and furnished the condotel units? Nde rin ba allowed ng FBDC ang delivery?

@Popoy, thankyou. I will be waiting.

@tbp

July 2nd, 2010, 05:31 AM

i believe you Aziza that it still is a good investment :) location, location, location and not to mention what the developer promised to deliver, F1 is really worth one's investment.

but i am having doubts if the developer would fully disclose the legal issues involved. i know that's the best thing to do but obviously they would always take into consideration what's of their best interest. sana lang they would really be transparent to this issue...

now as for the turnover balance, i believe one of the best thing to do is really clarify things with the developer. i mean it's but safe and sane that you wouldn't pay for the whole amount until all legal cases have been settled. i'm not being pessimistic about it, but just in case something goes wrong and F1 loses the case, what then? you'll continue paying the bank, with interest, for a project that currently doesn't give you anything in return?

i can say much as i've handled accounts before when legal cases are being pressed upon on a certain developer and when the latter loses the case, the owners were left on their own to process the painstaking way of refunding what they paid...

just my suggestion. talk with the someone reliable. not just the sales managers or what. ask help from them but get in touch with decision makers and the big men. i'll try to get in touch with some of my contacts and let's see where this would lead us....

Aziza1121

July 2nd, 2010, 05:44 AM

In the case of FPS, I think the case was filed in court after turnover. While here sa F1, maaga pa. Kaya as much as possible, we try to prevent further damage to us, buyers.

@tbp, if natalo ba ang developer, will FBDCorp take over the project? Isnt it ma-ca-cancel or ma-vo-void ang sale of the lot to the developer bec of breach of contract? Pls share us your opinion.

Polgas

July 2nd, 2010, 07:35 AM

If you would go through the FPS thread, there were parking floors converted to residential units without the approval of FBDC. When FBDC wanted to inspect the F1 building, they refused entry to the inspectors.hmmm. They did it with FPS whats stopping them from doing other things on the second tower. if they did the construction based on submitted plans then there would not be any reason to prevent entry to the inspectors.

As for constructing the insides, that's why we don't see any construction outside, how can they finish the inside when as Aziza mentioned all delivery permits have been canceled? I'm sure no developer would have all the materials sent to the site the very first date of construction.

If they cant finish by sept, I don't think we should be forced to pay the turnover balance.

Aziza1121

July 2nd, 2010, 07:59 AM

About the temporary suspension of our payments, I was advised that we should consult this with HLURB. Better sana if we could get HLURB's advice on this asap bec malapit na Sept. We will be forced to pay the penalty if we just stop payments on our own. And remember, konti lang tau unit owners dito sa forum. I wish we could have a way to contact the other owners, and let them have their say on this. I want to know what is the real situation? How we can protect our interest and prevent further damage to our investment?

But most importantly is that we asked and gave the developer chance to explain their side on the issue. We need their official statement. Then, let's consult HLURB with proper docs in hand.

Anyone knows someone in HLURB?

Polgas

July 2nd, 2010, 08:47 AM

chededeng

July 2nd, 2010, 12:24 PM

Hello Azizza,,parang ang dami pa nating dadaanan problem...popoy and jojo saan kau part ng Taguig? Pls let us know always miss Azizza kung ano man po ang development...

Popoy

July 5th, 2010, 07:09 AM

Popoy

July 5th, 2010, 07:11 AM

Hello Azizza,,parang ang dami pa nating dadaanan problem...popoy and jojo saan kau part ng Taguig? Pls let us know always miss Azizza kung ano man po ang development...

why do you want to know.. :)

Aziza1121

July 5th, 2010, 09:23 AM

I got a copy of letter from first global saying that the slowdown in construction will not be a hindrance in their commitment to deliver the units to the investors. They said the issue is about the interpretation of the plans of the building which they are currently resolving with fbdc.

Also, my ivestment consultant informed me that this issue is not about the parking but the plans on the third floor or the mezzanine of the commercial space. They said that they will not force us to pay the turnover balance until the project is ready, which from the original schedule is december 2010.

i would like to post the letter but i just dont know how

That we have to see. I just talked today with my contact in F1. She said tuloy daw ang September turnover. Dapat fully paid ako by then. I asked bakit na-moved to Sept ang turnover from orig December2010, eh it seems nde pa talaga matatapos ang building. She referred me to ask Mr. Cea instead. When asked abt F1 status, she didnt disclose the legal issues.

You can email it to me. I will post it here.

@--------, Any update from Taguig City Hall?

chededeng

July 5th, 2010, 11:07 AM

Im also from Taguig.....

why do you want to know.. :)

Aziza1121

July 5th, 2010, 04:30 PM

http://img210.imageshack.us/img210/8393/f1letter.jpg

Care to comment, F1 unit owners?

Popoy

July 6th, 2010, 01:20 AM

kabayan...tipas

Im also from Taguig.....

jojo77

July 6th, 2010, 08:42 AM

[QUOTE=Popoy;59824717]kabayan...tipas[/QUOT

ala eh ako eh taga bambang.... san ka sa taguig chededeng? @ popoy san ka sa tipas?

zenyp63

July 6th, 2010, 03:23 PM

I have been following this thread. Thanks for all the info. I lived here in US and one of the investors....anything that we can help just let us know. Will try to find out on my agent what is really going on.... Need some clarification from F1 and/or Mr. Cea.

Zeny

zenyp63

July 6th, 2010, 03:42 PM

Aziza1121

July 6th, 2010, 07:43 PM

Actually, original turnover date of F1 is scheduled December2010. First Global changed the date to September 15, 2010 bec of "early turnover" daw. I believe there are buyers who purchased their units early as 2009 who already have this new date in their payment schedule (Annex A). It has been their practice (early turnover) since FPS. Original turnover of FPS was Feb 2009. But they press released it that it will have an early turnover on 2008 July or Sept. Just not sure kung kelan talaga na-turnover yung FPS to owners.

But the point there is UNTIL NOW (3Q 2010) nde pa nila na-complete i-deliver ang amenities ng FPS Condo. And even yung proper TO procedure, wala. No walk-through, no punchlisting done. Add to it the poor property management of the condo (you may backread the FPS thread). Would we allow them to do same to us? Just check F1's current stage of devt. Im no engineer, but I know that at least 6mos ang finishing stage. It's just simple. If we let them TurnOver to us the bldg at its unfinished or incomplete state, we are making them free from their obligation. We will be at their mercy to complete the building. Hay, tayong buyers talaga ang most affected. We have to be vigilant to prevent further abuse.

I dont want to sound so negative nor pessimistic. But 2-timer na kc sa pag-breach ng contract. If they can disregard an authority (FBDC), do you guys think they wont do same to us?

@zenyp63: Well, that's good news. Can you ask for an official correspondence from your agent abt the latest turnover date? If this is indeed true, they should send out advisory to all. Have you guys received a letter from First Global as early as April that you have to prepare your TO balance bec F1 has already topped off last April8? If they can send out this letter, Im sure they can send out another advising us of this latest devt. I suggest, from now on, better if everything should be official and in writing.

When ba ang alam mo na schedule ng TO ng F1?

chededeng

July 7th, 2010, 03:52 AM

Sa Western Bicutan ako malapit sa FTI at Tenenment mdyo malapit sa sunshine mall...Swerte ko nman may neighbors akong taga Taguig...

kabayan...tipas

chededeng

July 7th, 2010, 04:02 AM

I had recieved a christmass card stating that the TO will be on Sept 15 ..Then i think may or june they sent me again a letter stating that i should secure the all papers (if i will apply for loan) earlier to prevent penalty bec the turn over will be on sept 15th.....

Actually, original turnover date of F1 is scheduled December2010. First Global changed the date to September 15, 2010 bec of "early turnover" daw. I believe there are buyers who purchased their units early as 2009 who already have this new date in their payment schedule (Annex A). It has been their practice (early turnover) since FPS. Original turnover of FPS was Feb 2009. But they press released it that it will have an early turnover on 2008 July or Sept. Just not sure kung kelan talaga na-turnover yung FPS to owners.

But the point there is UNTIL NOW (3Q 2010) nde pa nila na-complete i-deliver ang amenities ng FPS Condo. And even yung proper TO procedure, wala. No walk-through, no punchlisting done. Add to it the poor property management of the condo (you may backread the FPS thread). Would we allow them to do same to us? Just check F1's current stage of devt. Im no engineer, but I know that at least 6mos ang finishing stage. It's just simple. If we let them TurnOver to us the bldg at its unfinished or incomplete state, we are making them free from their obligation. We will be at their mercy to complete the building. Hay, tayong buyers talaga ang most affected. We have to be vigilant to prevent further abuse.

I dont want to sound so negative nor pessimistic. But 2-timer na kc sa pag-breach ng contract. If they can disregard an authority (FBDC), do you guys think they wont do same to us?

@zenyp63: Well, that's good news. Can you ask for an official correspondence from your agent abt the latest turnover date? If this is indeed true, they should send out advisory to all. Have you guys received a letter from First Global as early as April that you have to prepare your TO balance bec F1 has already topped off last April8? If they can send out this letter, Im sure they can send out another advising us of this latest devt. I suggest, from now on, better if everything should be official and in writing.

When ba ang alam mo na schedule ng TO ng F1?

eliasomarsana

July 9th, 2010, 09:32 AM

Guys,

I'm a long-time lurker, haven't been posting since I started reading this forum several years back. I'm a lawyer and also a unit owner (I signed up for a Gold condotel unit in 2008). As of late the posts here have been rather disconcerting. Maybe the unit owners can meet sometime and discuss what's happening? There are several legal remedies we can avail of, but it would all depend on what the situation really is right now.

antediluvianist

July 9th, 2010, 01:39 PM

"They said the issue is about the interpretation of the plans of the building which they are currently resolving with fbdc."

So, that's what they told you? A mere disagreement over "interpretation of the plans"?

No, not a matter of mere "interpretation". Get the court documents and see.

august88boy

July 9th, 2010, 01:50 PM

Aziza1121

July 12th, 2010, 07:26 AM

delete

Popoy

July 12th, 2010, 09:26 AM

Aziza1121

July 13th, 2010, 04:43 AM

....there was a buzz awhile back from my agent that F1 is extending the turnover until Dec 2010? but then Aziza indicated above that the original turnover is Dec 2010....I am confused. Does anyone really knows the answer to this?

Hi zenyp63. Can you clarify with your agent what he meant by "extending the turnover"?

I just got this info that F1's turnover will be anytime between September and December2010. As long as they turnover the building to us completely finished, all amenities promised in place and functional, Im ok with that.

As per HLURB:
http://hlurb.gov.ph/services/buyers/mga-dapat-tandaan-kung-bibili-ng-bahay-at-lupa-sa-isang-broker-o-developer/1-time-of-completion-of-the-project/

Time of Completion of the Project

The two most pressing questions an excited or anxious buyer would ask are:

1. When will the project be completed?
2. What are the facilities and amenities that go with my purchase of a unit?

The project must be completed within one year from the date of the issuance of a License to Sell for the project. The HLURB may, however, fix a different period considering, among others, the size of the project, the nature of the development works to be undertaken, the proposed program of development of the owner/developer, etc.

The facilities and amenities included in a completed project and which go with the purchase of a lot or unit are those facilities, improvements, infrastructures, etc., to include water and lighting facilities.

These facilities which the owner or developer is obliged to construct are:

1. Those offered and indicated in the subdivision or condominium plans as approved by the HLURB, and
2. Those promised and reflected in brochures, prospectus, printed matters, letters or in any form of advertisement e.g. radio, newspaper, television, internet or other forms of communication.

This is so provided in Section 20 of PD 957 which states:

SECTION 20. Time of Completion. – Every owner or developer shall construct and provide the facilities, improvements, infrastructure and other forms of development, including water supply and lightning facilities, which are offered and indicated in the approved subdivision or condominium plans, brochures, prospectus, printed matters, letters or in any form of advertisement, within one year from the date of the issuance of the license for the subdivision or condominium project or such other period of time as may be fixed by the Authority (now HLURB per EO 648).

zenyp63

July 19th, 2010, 08:21 PM

Aziza - Sorry I was on travel ....As soon as I get the feedback from my agent will let you know.

Popoy

July 21st, 2010, 07:22 AM

Got a copy of court decision on the case filed by FBDC. The case was dismissed! thanks to my friends:cheers:

@tbp

July 21st, 2010, 11:41 AM

Got a copy of court decision on the case filed by FBDC. The case was dismissed! thanks to my friends:cheers:

really? may we request that you post it here so that we could update and pass on that message to our investors?

Popoy

July 21st, 2010, 04:55 PM

really? may we request that you post it here so that we could update and pass on that message to our investors?

y do you still need a copy?... wala b kyo tiwala k Popoy?... the case was dismissed by Judge Yson! cheers! :cheers:

Aziza1121

July 21st, 2010, 05:43 PM

Have you seen the court documents? Then why not tell us kun ano andun! ano 'to pagalingan kun sino maraming alam!:ohno:

Got a copy of court decision on the case filed by FBDC. The case was dismissed! thanks to my friends:cheers:

y do you still need a copy?... wala b kyo tiwala k Popoy?... the case was dismissed by Judge Yson! cheers! :cheers:

Yes, I need a copy. TIA.

Popoy

July 22nd, 2010, 01:41 AM

Yes, I need a copy. TIA.

see my PM

kutong lupa

July 22nd, 2010, 03:26 AM

So ibig sabihin tuloy na ba delivery ng supplies sa construction site ?

Nakausap ng driver ko yun mga sikyo sa site... sabi wala pa rin delivery... guerilla style pa rin daw....??? tutoo ba ito???

Hindi ba mga file ng motion for reconsideration ang FBDC ?

@tbp

July 22nd, 2010, 10:30 AM

y do you still need a copy?... wala b kyo tiwala k Popoy?... the case was dismissed by Judge Yson! cheers! :cheers:

hahaha it's not that i don't trust you. but something in black and white would probably remove all doubts and fears esp. for the investors. a post here would also be beneficial for those who don't anymore have contacts with their brokers/ agents esp. here in the forum. don't you worry i'll just ask for a copy from my contacts. thanks anyway.

eliasomarsana

July 22nd, 2010, 11:20 AM

even if the judge has dismissed the case, FBDC can still (and probably has) filed a Motion for Reconsideration. the decision will only become final and executory 15 days after receipt IF the opposing party (FBDC in this instance) fails to file an MR.

what exactly was dismissed? in the first place, what was the nature of the case that was filed?

Popoy

July 22nd, 2010, 11:22 AM

hahaha it's not that i don't trust you. but something in black and white would probably remove all doubts and fears esp. for the investors. a post here would also be beneficial for those who don't anymore have contacts with their brokers/ agents esp. here in the forum. don't you worry i'll just ask for a copy from my contacts. thanks anyway.

hahaha,,, d marunong c popoy magpost ng pic kaya d mabigay,,, hahahah tampo naman agad kyo eh :)

kutong lupa

July 23rd, 2010, 10:34 AM

Ano na ang nanyayari diyan sa pinas?

Tutoo ba na naka hold pa rin ang delivery sa site?....

Naka Hold pa ba ang permit ng F1, for deliveries?.... sana magpa inspect na lang sila para matapos na problema....

antediluvianist

July 23rd, 2010, 11:14 AM

The Ejection case was dismissed by the the Municipal Court for a jurisdiction reason , not because of merits.

The case has been transferred to Regional Trial Court where the merits will be decided.

Don't take my word for it, check.

Aziza1121

July 23rd, 2010, 04:18 PM

That's why mabilis ang naging decision bec it's due to jurisdiction issues. I wonder if may final court decision na sa FPS?

@antediluvianist, I really appreciate your concern. Pls keep it coming.

chededeng

July 25th, 2010, 09:55 AM

--SuperB0y--

July 25th, 2010, 05:11 PM

Naniningil na? The building is half done palang.

Aziza1121

July 25th, 2010, 05:20 PM

Exactly our sentiments, SuperBoy.

gnm

July 26th, 2010, 01:38 AM

just to clear soemthing up, we shouldnt hand over any turnover cash untill we have had the unit delievered in a suitable standard that we have accept? why are tehy asking for teh cash so early? my unit is on teh 31st floor and was not expecting it to be turned over to me untill this time next year.

chededeng

July 26th, 2010, 02:05 AM

Hello po,,Ask ko lang po meron napo bang CCT ang F1 i mean dba they are asking to pay na the turn over balance,,meron po bang nabigyan ng CCT number na ready to transfer to us unit owner incase ma fully paid ang unit,,,Does anybody knows the CCT number?

They had send me a mail stating to secure all the documents if ever i will go thru bank loan or inhouse financing bec the turn over will be on the 15th of sept to avoid penalty ( i dont know how much will be the penalty is)..Now as i remember they let me issue a check the total amount of my turn over balance..I dont know what their reason..nyway parang nasa akin na if i will allow them to incash my pdc or mag loan sa bank...problema is I havent see the unit yet tapos dpa ata tapos un building and to add un stop deliveries ng construction..na update lng ako thru this forum..

@tbp

July 26th, 2010, 08:27 AM

i would agree with you guys. i would not also suggest that you pay the remaining balance esp. if the unit would not be done on the promised early delivery. why pay for something half done and, following the proper way of doing things, you should first have an initial inspection (and more if needed) and a final one before you could accept the unit and pay the remaining balance...not the other way around. you would be on the mercy of the developer if you would pay for it without having seen what the actual deliverables are and the quality of the unit. they wouldn't even be bothered by your other request no matter how true and correct your point is because they already have your money at hand :D if they are trying to put some pressure on you, you could actually give them a check for the remaining balance and attach a note that this would only be deposited after you have given them the go signal and once the unit has been delivered and you are satisfied with what they delivered. this would show that you are serious in dealing with them. though i would also be careful if you are going to follow this suggestion as some would deposit the check without your approval and give alibis like they didn't know or they didn't see the attached note :D

well just giving you suggestions on how to go about it. know your rights and don't be bullied :cheers:

ricemannv

July 28th, 2010, 05:51 AM

I just got back in the Philippines a couple of weeks ago. I went to the F1 site with my agent last week. I wanted to view my unit, but we couldn't go up to the 23rd floor because they don't have a working elevator yet daw. :nuts: I was able to view a unit with the same lay out as mine on the 6th floor. We had to go up the stairs. There were lots of workers inside going up and down the stairs carrying materials. I saw lots of electricians pulling wire. My agent told me that there was a court case with FBDC about the "parking" and that all outside construction has been stopped because of it.

I appreciate the updates of the investors here. I am living in the Fort at another development and would be willing to meet with other investors to discuss our investment.

Riceman

--SuperB0y--

July 28th, 2010, 06:39 PM

^^ don't pay and if they pressure you to pay without the unit being delivered then you should hire a lawyer to deal with them. pay a little extra for your peace of mind.

Aziza1121

July 30th, 2010, 04:32 AM

@ricemannv

pls check your PM. thanks!

ricemannv

July 30th, 2010, 06:37 AM

^^ don't pay and if they pressure you to pay without the unit being delivered then you should hire a lawyer to deal with them. pay a little extra for your peace of mind.

I don't think that is an option to not pay. We entered into a contract with F1 and issued post-dated checks that are held by BDO bank. The bank then releases the checks each month to F1. The final check is the last "balloon" payment and is dated for December 2010.

Riceman

ricemannv

July 30th, 2010, 06:53 AM

@ricemannv

pls check your PM. thanks!

Aziza,

I sent a PM to you.

Riceman

@tbp

July 30th, 2010, 02:08 PM

I don't think that is an option to not pay. We entered into a contract with F1 and issued post-dated checks that are held by BDO bank. The bank then releases the checks each month to F1. The final check is the last "balloon" payment and is dated for December 2010.

Riceman

Riceman you have an option :D i know developers are requiring buyers to issue post dated checks until the turn over balance. these serve different purposes and one of them is to show ones sincerity and readiness to pay for the whole amount once the unit is ready for turnover. your option would be to make a letter informing the company and/or the bank NOT TO DEPOSIT the said check until the requirements are met....like deliverables and the quality of the unit. Don't make it appear like you are at the mercy of the developer that since they already have the check with them they could just demand anything and deliver just about anything. if you are already satisfied with what they gave you, though i know 'satisfied' is really relative...at least reasonable enough i guess...then you could instruct them to deposit the check.

that's why buyers are always given a choice to pay the remaining balance in Cash, or go through in house or bank financing. You have an option to deposit the check that you issued (well if you really have the cash) or just go for financing. Your brokers/ or agents should have informed you of this one.

--SuperB0y--

July 30th, 2010, 06:56 PM

^^ yes, you have an option. you should inspect first your unit before paying. even if your contact says that last balloon payment is on dec 2010 which is the supposedly the turn-over, you can still not pay since they have not finished the building yet. they didn't meet their end of the contract.

this is the first time i heard of a developer that pressures buyer into paying even if the building is half done and they can't meet their deadline. super one-sided. if they still insist, hire a lawyer. i'm sure may laban ka!

ricemannv

August 1st, 2010, 11:43 AM

I don't see how they are going to finish the building by September 15, 2010. I know that is their target date, but I don't think they are goinng to make it. :ohno: I'm here in the Fort and will monitor the construction progress. Around the end of August I will go talk to them with my agent. If they are not finished, and I know they will not be, then I will raise the issue of payment with them then. I think it is to early to raise the issue now.

Riceman

ricemannv

August 2nd, 2010, 08:50 AM

The situation seems bad the more I read about it.

Riceman

chillendawg

August 5th, 2010, 10:30 PM

The situation seems bad the more I read about it.

Riceman

just to give you an idea, my experience with sapphire res., they were delayed 6months from the target turnover. i extended my remaining balance to make it last until after 6 months because of the delays and made them charge me the last payment until after they had scheduled my walk through with my unit. fair and square, you simply get what you paid for.

gnm

August 5th, 2010, 11:57 PM

do you mean that you worked out a payment plan for the turnover that you were due to pay?

ricemannv

August 6th, 2010, 01:44 AM

just to give you an idea, my experience with sapphire res., they were delayed 6months from the target turnover. i extended my remaining balance to make it last until after 6 months because of the delays and made them charge me the last payment until after they had scheduled my walk through with my unit. fair and square, you simply get what you paid for.

That would be something that would need to be negotiated, not something that you can just do on your own.

r_andanayon

August 6th, 2010, 06:29 PM

That would be something that would need to be negotiated, not something that you can just do on your own.
if they didnt finish on time can i demand for a lower fees?

senyorita_bettina

August 7th, 2010, 09:25 AM

In fairness with that, the infos they gave me plus the services experienced fulfilled my satisfaction... KEEP IT UP!

ricemannv

August 8th, 2010, 03:22 AM

They have begun to install the glass windows on the lower units and the painting has resumed.

Riceman

senyorita_bettina

August 9th, 2010, 05:32 PM

Measuring the performance of construction projects is essential for ensuring that planned improvements quality, cost and time are achieved.

Aziza1121

August 9th, 2010, 06:59 PM

They have begun to install the glass windows on the lower units and the painting has resumed.

Riceman

That's good news! There's visible movement.

ricemannv

August 10th, 2010, 10:51 AM

That's good news! There's visible movement.

Yes, and today there were cement trucks on site, the crane was working and they were pouring cement at the top floor on those three ornamental concrete 'upside down V shaped' things that have been left unfinished for weeks or maybe months.

ddux

August 12th, 2010, 04:48 PM

i trust this company, i know they will find a way not to disappoint their valued costumers.lets just wait and see

RonnieR

August 13th, 2010, 09:10 AM

Aug 6
http://i530.photobucket.com/albums/dd350/RonnieR_2008/P1010647.jpg

RonnieR

August 13th, 2010, 09:30 AM

from different angle
http://i530.photobucket.com/albums/dd350/RonnieR_2008/P1010665.jpg

Aziza1121

August 14th, 2010, 05:33 AM

http://a.imageshack.us/img19/9954/dsc08776l.jpg

http://a.imageshack.us/img32/6162/dsc08772z.jpg

http://a.imageshack.us/img810/5281/dsc08773.jpg

http://a.imageshack.us/img691/4227/dsc08774x.jpg

http://a.imageshack.us/img843/2839/dsc08778q.jpg

http://a.imageshack.us/img138/8103/dsc08782f.jpg

ricemannv

August 15th, 2010, 08:33 AM

from different angle
http://i530.photobucket.com/albums/dd350/RonnieR_2008/P1010665.jpg

Nice picture, but it's not F1! :ohno: Just saying...:)

Riceman

Popoy

August 16th, 2010, 03:06 PM

I'm still positive on this project! Don't just believe on chickas and kwento na sabi ni ganito... etc. I think everything is working good.. the target schedule of 9/15 will not be met but the progress would be fast and just be ready when it's there. Better check with F1 and you'll know where they are coming from. hephep..hooray!

Aziza1121

August 26th, 2010, 07:19 AM

http://a.imageshack.us/img710/6923/dsc09036c.jpg

http://a.imageshack.us/img832/3409/dsc09035.jpg

http://a.imageshack.us/img90/790/dsc09040y.jpg

Aziza1121

August 26th, 2010, 07:31 AM

Condotel's ACCU
http://a.imageshack.us/img90/8986/dsc09008g.jpg

Water closet
http://a.imageshack.us/img691/8382/dsc09017x.jpg

RonnieR

September 7th, 2010, 01:11 PM

Nice picture, but it's not F1! :ohno: Just saying...:)

Riceman

Yes, you're right....:)

http://i530.photobucket.com/albums/dd350/RonnieR_2008/P1010679.jpg

jojo77

September 7th, 2010, 05:36 PM

2 bedroom 57 sqm condominium unit for rent in Rosewood Pointe, facing global city and ortigas.......fully furnished.....

pls pm me if intrested.....

zenyp63

September 7th, 2010, 08:54 PM

Aziza - We were assured that F1 will be definitely be done by year end. No payment need to be made after August 2010 until the project is complete, approved and released to the investors. Zeny

Hi zenyp63. Can you clarify with your agent what he meant by "extending the turnover"?

I just got this info that F1's turnover will be anytime between September and December2010. As long as they turnover the building to us completely finished, all amenities promised in place and functional, Im ok with that.

As per HLURB:
http://hlurb.gov.ph/services/buyers/mga-dapat-tandaan-kung-bibili-ng-bahay-at-lupa-sa-isang-broker-o-developer/1-time-of-completion-of-the-project/

Time of Completion of the Project

The two most pressing questions an excited or anxious buyer would ask are:

1. When will the project be completed?
2. What are the facilities and amenities that go with my purchase of a unit?

The project must be completed within one year from the date of the issuance of a License to Sell for the project. The HLURB may, however, fix a different period considering, among others, the size of the project, the nature of the development works to be undertaken, the proposed program of development of the owner/developer, etc.

The facilities and amenities included in a completed project and which go with the purchase of a lot or unit are those facilities, improvements, infrastructures, etc., to include water and lighting facilities.

These facilities which the owner or developer is obliged to construct are:

1. Those offered and indicated in the subdivision or condominium plans as approved by the HLURB, and
2. Those promised and reflected in brochures, prospectus, printed matters, letters or in any form of advertisement e.g. radio, newspaper, television, internet or other forms of communication.

This is so provided in Section 20 of PD 957 which states:

SECTION 20. Time of Completion. – Every owner or developer shall construct and provide the facilities, improvements, infrastructure and other forms of development, including water supply and lightning facilities, which are offered and indicated in the approved subdivision or condominium plans, brochures, prospectus, printed matters, letters or in any form of advertisement, within one year from the date of the issuance of the license for the subdivision or condominium project or such other period of time as may be fixed by the Authority (now HLURB per EO 648).

Aziza1121

September 7th, 2010, 10:15 PM

I received a Formal TurnOver Notice. Turnover is on Sept15.

http://a.imageshack.us/img824/1366/dsc09158.jpg

http://a.imageshack.us/img80/2610/dsc09159o.jpg

San-Mat

September 8th, 2010, 01:41 AM

I received a Formal TurnOver Notice. Turnover is on Sept15.

Sept 15, 2011? Impossible na 2010 by looking at the picture.
If 2010 yan, ngayon lang ako naka kita ng building na turnover na 50% palang ang tapos.

Sinong investor ang mag aaccept ng unit nila kung obviously na hindi pa tapos youn building?
Is this like Megaworld na may lumpsum payment upon turnover?

pau_p1

September 8th, 2010, 08:13 AM

zenyp63

September 8th, 2010, 09:32 PM

hmmm baka naman ung residential component pa lang ang ready for turnover.. yung hotel part ang hindi pa...

anyways.. I wonder why yung glass windows na nakakabit is not similar dun sa render which is yellowish...

I think you are right just the residential....my agent mentioned about one of the client is in the process of having her unit fitted.

Aziza1121

September 9th, 2010, 04:53 AM

^^Im sure the turnover is for both unit types: Condotel and Residential. You can confirm it in the office.

baphi

September 9th, 2010, 09:02 AM

Curious lang po.This project is nice but the turnover system is new to me.Assuming that the posted picture of construction is recent,and for what I know,residential units are located at the upper portion,ni wala pang bintana at glass window.Kanya kanya bang pagawa ng window?

San-Mat

September 9th, 2010, 03:46 PM

Are the elevators working? Is the lobby even finished? Na remove na ba youn perimeter fence?
Cleared na ba youn building for occupancy?

Parang ngayon lang ako nakakita ng ganito na very obvious na hindi pa tapos building nag turnover na. Is this a common practice?
I would imagine na pag sinabi na turnover na, I would walk into a building that has a finished exterior, lobby and konti na lang construction.
Paano mo ma ipa rent youn condo? Kung sa hotel paano sila kukuha ng clients? Kung gusto mo ibenta paano mo ito bebenta?

Aziza1121

September 12th, 2010, 05:26 AM

Best Western to operate 5-star hotel at FGC
(The Philippine Star) Updated September 10, 2010 12:00 AM Comments (0) View comments

http://a.imageshack.us/img685/3997/re1can.jpg
Best Western Premier’s Bruno Simeoni (left), who will be the general manager of the Best Western Premier F1 City Center Hotel, and Unibuilt president Vince Abad Santos pose in front of a scale model of the hotel set to open in the first quarter of 2011, the first 5-star hotel in the Global City of Fort Bonifacio to open its doors to the public.

MANILA, Philippines - The prestigious global hotel operator, Best Western International, will operate and manage the first 5-star hotel to open at the emerging Global City of Fort Bonifacio, the F1 City Center Hotel, in the first quarter of 2011.

Vince Abad Santos, president of the Unibuilt Real Estate Corporation that owns the F1 City Center project, said that with Best Western International (BWI) managing the hotel, they were assured of a highly professional management of the F1 City Center Hotel that can offer the premium level of comfort and luxury to their guests when it open its doors to the Philippines and the world early next year.

“We are proud and honored that Best Western International has come in as our partner to operate the F1 City Center Hotel, making it their first and flagship hotel under their luxury Best Western Premiere brand here in the country,” Abad Santos said.

BWI, “The World’s Largest Hotel Chain”, boasts of 4,000 independently owned and operated member hotels in 80 countries and territories worldwide. An industry pioneer since 1946, Best Western has grown into an iconic brand that hosts 400,000 guests worldwide each night.

In 2003, BWI launched their Best Western Premier Hotels brand. Providing international travelers with a higher level of service and amenities, Best Western Premier properties must offer additional services and amenities above and beyond Best Western worldwide minimum standards.

Properties that can be accepted into the Best Western Premier Hotels chain are also subjected to unique design requirements and a special quality review. Some 80 Best Western Premier hotels are currently located throughout Europe, Asia, and the Middle East.

The Best Western Premier F1 City Center Hotel, due to open in January 2011, enjoys a prime location within the Fort Bonifacio Global City that is fast emerging as the country’s premier business district posing a challenge to the Ayala business district in Makati City.

Swiss-born Bruno Simeoni, who will be the general manager of the Best Western Premier F1 City Center Hotel, said that they were excited over the upcoming opening of the hotel and their partnership with the Unibuilt Real Estate Corporation.

“We are complementing them, and they are complementing us,” Simeoni said. “It’s gonna be a pretty exciting project.”

Simeoni said that Best Western Premier will ensure that the hotel will be up to international five-star “premier” standards when Best Western Premier F1 opens.

“We will provide whatever is expected of an international five-star hotel,” Simeoni, who is a returning expatriate to Manila, having been involved in the opening of the Mandarin Oriental in 1976, said.

“I’m glad to be here,” Simeoni said, noting that the Philippines has grown tremendously through the decades, and he was particularly impressed with the development of the Fort Bonifacio Global City.

The tremendous growth prospects of the area has led to top Philippine corporations and multinational corporations relocating their regional or national headquarters to the Fort Bonifacio Global City such as the Hong Kong and Shanghai Banking Corporation (HSBC), JP Morgan Chase, Deutsche Bank, Fujitsu, and Ericsson. The Philippine Stock Exchange is also due to relocate to the area, while the world-class St. Luke’s Medical Center-The Fort has already opened late last year.

The hotel’s location is just a stone’s throw away from the Serendra and Boni High Street retail precints, and the Fort Strip restaurant and bar cluster, and a few minutes walk to the Market! Market! shopping complex.

Designed to offer an open, spacious and modern lifestyle concept, the F1 City Center Hotel will feature fully equipped and elegantly decorated rooms, along with a range of facilities including food and beverage outlets, a tropical lagoon swimming pool, infinity lap pool, fully equipped gym, spa and sauna, outdoor entertainment area, jogging trail and meditation garden.

The agreement for the Best Western Premier and F1 City Center Hotel partnership was made official last March in signing ceremonies between Abad Santos and Mr. Glenn de Souza, BWI’s vice president of International Operations-Asia and Middle East.

“Best Western International is delighted to be adding this valuable new addition to our existing properties in Philippines. Even more so, it is the first and flagship hotel of our luxury Best Western Premier brand here in Fort Bonifacio Global City. This, and our tie-in with Unibuilt Real Estate Corporation, will significantly boost Best Western’s profile in the Philippines, a destination we view as holding great tourism potential,” said Mr. De Souza.

Thanks, Linguine for the update.
http://www.philstar.com/Article.aspx?articleId=610605&publicationSubCategoryId=76

ricemannv

September 13th, 2010, 01:06 AM

I was informed that my turnover payment has been extended to September 30.

Riceman

buboytrainer

September 13th, 2010, 02:32 PM

i heard that F1 development is involved in a lawsuit because they did not follow the standard number of parking space in relation to the number of units , what they did was that they converted 1 floor or several parking floors into units , can anybody confirm this?

Aziza1121

September 13th, 2010, 03:01 PM

With your description, I believe you are talking about another development.

ricemannv

September 14th, 2010, 10:08 AM

I will begin fitting out my unit probably next month.

Ricceman

Openeconomy

September 21st, 2010, 04:23 AM

What is happening with tins project now?

pau_p1

September 21st, 2010, 10:06 AM

for the buyers of F1, had you wondered why the windows are not yellowish like the renders that they had? and now it's just white or something...

Openeconomy

September 21st, 2010, 06:38 PM

for the buyers of F1, had you wondered why the windows are not yellowish like the renders that they had? and now it's just white or something...

Is it almost done?

Polgas

September 22nd, 2010, 03:46 AM

Is it almost done?

Far from it. Probably in a year time. They are not enclosed yet. Finishing works in the insides would only start once they enclose the building. Finishing would probably finish about 8 months to a year.

Openeconomy

September 22nd, 2010, 05:02 AM

Far from it. Probably in a year time. They are not enclosed yet. Finishing works in the insides would only start once they enclose the building. Finishing would probably finish about 8 months to a year.

Thanks for your response.

dfl_jardo

September 22nd, 2010, 08:50 PM

has anyone paid yet or processed their loans?

Openeconomy

September 22nd, 2010, 10:44 PM

has anyone paid yet or processed their loans?

I have paid full mine is on the 29 th floor. My representative will be in fort next week. I'm here in the states so I didn't know much of what was happening. I went there sa pilipinas last June went home aug 9th ditto sa states. I saw that they were building so I guess it's good. If not I guess we have to go to legal, but for now it seems they are working on it at least when I was there aug.

chededeng

September 23rd, 2010, 02:37 AM

has anyone paid yet or processed their loans?

My loan is on the process right now,,Got a lot of question in my mind,,If the turn over is on sept 30th and its only 6 remaining days before turn over and yet the building is not finish IN and out ,also how many elevators is working?If we do our fit out same time ano un makikipagsabayan tau sa mga workers ng F1 with same elevator ?what kind of elevator is working right now?Im out of the country so really dont know whats goin on ,,any latest picture of F1 inside and out??Thank you....

ricemannv

September 23rd, 2010, 02:54 AM

What is happening with tins project now?

The work is progressing at a rapid pace. I'm living in the Fort and see the project on a daily basis. The hotel units are being outfitted. I saw one on the six floor that had the painting finished, the cabinets installed and the bath room being tiled. They are pushing for the hotel to open in January 2011. The lobby is being worked on. I saw the elevator contractor working on the elevators. Once the hotel units and the lobby are finished they will shift to the amenities I was told. From the outside of the building I can see men working in the amenities area so maybe that is already happening.

My unit is a residential flat. My turnover balance check has been submitted and is dated for September 30th. My unit was bare. All it needs is some concrete finishing, the windows and front door installed. Then I will visit the site with my contractor, develop a architectural plan, submit, get permit and start the outfitting of my unit. I'm planning to start that process next month.

I think the project is coming together nicely. Like any project of this scale there are a lot of elements coming together all at the same time so it may seem a bit crazy, but I think it is going to work out just fine.

Riceman

ricemannv

September 23rd, 2010, 02:56 AM

My loan is on the process right now,,Got a lot of question in my mind,,If the turn over is on sept 30th and its only 6 remaining days before turn over and yet the building is not finish IN and out ,also how many elevators is working?If we do our fit out same time ano un makikipagsabayan tau sa mga workers ng F1 with same elevator ?what kind of elevator is working right now?Im out of the country so really dont know whats goin on ,,any latest picture of F1 inside and out??Thank you....

There is a service elevator on the inside. I will try to get some pics and post.

Riceman

ricemannv

September 23rd, 2010, 03:00 AM

I am tenatively scheduled to visit my unit with my finishing contractor on September 30th to view and discuss the plan for finishing my unit.

Riceman

ricemannv

September 23rd, 2010, 03:10 AM

for the buyers of F1, had you wondered why the windows are not yellowish like the renders that they had? and now it's just white or something...

I would describe the window color of the units as "reflective silver". I think it is a good shade for this climate as it will reflect light and not absorb heat like a darker color. The windows are tinted when looking from the inside out. From the outside they are reflective so you can not see in from the outside. The window frames are of good quality. I have seen these installed in the condotelle units with my own eyes.

Riceman

zenyp63

September 23rd, 2010, 03:11 PM

My loan is already approved but the condotel turn-over date is still tentative. I am hoping when I get there in December.

dfl_jardo

September 23rd, 2010, 08:49 PM

My loan is already approved but the condotel turn-over date is still tentative. I am hoping when I get there in December.

Mine is a condotel too. I plan to pay it December which I think is the reasonable turnover date.

Aziza1121

September 24th, 2010, 03:06 AM

@zenyp63 and @ dfl_jardo: pls check ur PM inbox.

BUDING

September 25th, 2010, 11:51 PM

We have a 9floor condotel unit and we are already approved for BDO financing,but i wonder if the hotel will be operational comes Jan 2011?Anybody has pictures in the inside of the building?

ricemannv

September 26th, 2010, 01:38 AM

Do the condotel units have kitchen provisions???

BUDING

September 26th, 2010, 12:45 PM

Do the condotel units have kitchen provisions???

Yes they do have provisions for kitchen.

gnm

September 27th, 2010, 02:36 AM

Polgas

September 27th, 2010, 03:07 AM

just got a few updates for you.
all turnover balances must be paid before deadline or penalty's will be charged before your unit is released to you.
residential units that were purchased in bare condition wont be available for fit out until feb or march 2011.
the reason for the big delay between turnover and actually getting the keys and fitting out is that its BYO and when the unit is finished you are liable to pay for it as essentially you are the developer.
anyway thats the bs i got from my agent and the F1 representative.

I guess they are just looking for whatever reason for their failure to deliver on time and justifying their collections of balances.

Aziza1121

September 27th, 2010, 04:22 AM

just got a few updates for you.
all turnover balances must be paid before deadline or penalty's will be charged before your unit is released to you.
residential units that were purchased in bare condition wont be available for fit out until feb or march 2011.
the reason for the big delay between turnover and actually getting the keys and fitting out is that its BYO and when the unit is finished you are liable to pay for it as essentially you are the developer.
anyway thats the bs i got from my agent and the F1 representative.

I was told that they are turning it over early so the residential owners can do their fitouts immediately and finish just in time with the hotel's opening on January2011.

So we are required to pay the turnover balance without punchlisting and accepting the unit key. Very different from BTO of G&W, which has the same concept as of BYO.

Aziza1121

September 27th, 2010, 04:45 AM

Yes they do have provisions for kitchen.

No they dont have for condotel units. But for residential, it's provided.

Aziza1121

September 27th, 2010, 04:49 AM

I guess they are just looking for whatever reason for their failure to deliver on time and justifying their collections of balances.

"Early turnover", you mean.

Polgas

September 27th, 2010, 07:44 AM

I was told that they are turning it over early so the residential owners can do their fitouts immediately and finish just in time with the hotel's opening on January2011.

So we are required to pay the turnover balance without punchlisting and accepting the unit key. Very different from BTO of G&W, which has the same concept as of BYO.

I could imagine the coordinating confusions with inhouse construction people and own contractors coming in at the same time. alot of finger pointing should there be different groups in one construction site.

ricemannv

September 28th, 2010, 12:38 AM

No they dont have for condotel units. But for residential, it's provided.

The nearly finished condotel unit I saw did not have kitchen provisions. When I asked the engineer he said only the residential flats and lofts had kitchen provisions. He said kitchens were "bawal" in the condotel units. I don't think the developer has told anyone about this as my agent seemed very surprised. She has several clients who purchased condotels. It is going to be hard to explain to them that their units do not have kitchen provisions when they were purchased under the impression that they would....:nuts: I can see this turning into a big issue for BYO....:bash:

Riceman

ricemannv

September 28th, 2010, 12:39 AM

I was told that they are turning it over early so the residential owners can do their fitouts immediately and finish just in time with the hotel's opening on January2011.....

I was told the same.

Riceman

chededeng

September 28th, 2010, 02:27 AM

"Early turnover", you mean.

Whats really goin on in this project,,im really confused.We have to pay the whole balance without giving us the key or visiting our units? What kind of turn over is this?

Aziza1121

September 28th, 2010, 02:36 AM

Good Morning, Chededeng! Smile ka naman dyan. Oh, I can imagine you sitting behind your desk sooooo upset. Not a good way to start the day. Smile, girl!

@ricemann, yes, it's different from what they advertised. You see, even your agent didnt know abt it. Probably, until now they are advertising it as same. Anyway, I heard condotel units are all sold out.

gnm

September 28th, 2010, 04:43 AM

from what i was informed, condotel units will be turned over and finished about the same time.
most residential units were sold bare and in the case of F1, bare really means bare. So there isnt an awful lot to check.

Aziza1121

September 28th, 2010, 05:08 AM

There's an advantage for a bare unit. You can design it as you like with control in the quality of materials used. If you paid for it finished and didnt like the materials that goes with it (floor planks/tiles, modular kitchen), you will spend extra for the changes c/o the contractor/ID. So why not have it your way from the start.

For bare, you can check the following:
1. Main door and CR door (hinges, knobs, any "yupi", clearance from the floor and ceiling)
2. Windows (any watermark, tightly sealed)
Bring a candle and hold it in front of the window to check if there's no air that gets through the closed windows..
3. Smooth-finished cemented walls, ceilings, floor

I guess for now, their priority to finish and deliver is the condotel units.

Has anybody asked if there is gas pipe per unit?

ricemannv

September 28th, 2010, 05:34 AM

@ricemann, yes, it's different from what they advertised. You see, even your agent didnt know abt. Probably, until now they are advertising it as same. Anyway, I heard condotel units are all sold out.

I can see that getting ugly, legally.

ricemannv

September 28th, 2010, 05:35 AM

Aziza1121

September 28th, 2010, 06:15 AM

I can see that getting ugly, legally.

No chance for them to know unless their agent will advise them, or until 2011.

ricemannv

September 28th, 2010, 06:31 AM

No chance for them to know unless their agent will advise them, or until 2011.

Right. I can see that getting ugly, legally.

Riceman

crescentparkdude

September 28th, 2010, 12:18 PM

So we are required to pay the turnover balance without punchlisting and accepting the unit key. Very different from BTO of G&W, which has the same concept as of BYO.

Ganyan ba ang Build-Your-Own? :ohno::ohno::ohno:

pag sa restoran at bayad muna bago kain, eto ang aabutin nila sa kin :bash::bash:

zenyp63

September 28th, 2010, 04:34 PM

zenyp63

September 28th, 2010, 04:37 PM

Ganyan ba ang Build-Your-Own? :ohno::ohno::ohno:

pag sa restoran at bayad muna bago kain, eto ang aabutin nila sa kin :bash::bash:

In the buffet style resto....yes bayad muna bago kain... lol!

dfl_jardo

September 28th, 2010, 08:02 PM

Manny/Aziza,
My husband is inquiring our agent about this monumental changes unbeknownst to the investors. We are still awaiting for the response.... I have stayed in one of the condotel in Manila and they do have kitchennette....if this is the case what is the replacement in lieu of kitchennette? maybe less price....I understand if this is a no-no to a "5 star hotel"....but we should have been informed prior to the modification of the drawings/layouts. I am still hoping that this is a good investment for all of us.

I hope there is a kitchen...what if I decided to live in there when the contract with Best Western expires?
They should inform us about the changes.

crescentparkdude

September 28th, 2010, 11:31 PM

In the buffet style resto....yes bayad muna bago kain... lol!

never seen one.
pero sa mall foodcourts nga pala, bayad muna bago kain lol

okay lang kung nakalagay sa kontrata na pinirmahan, otherwise i'm against paying the turnover balance without punchlisting and accepting the unit key.
just like asiza mentioned, it's a lot different from G&W's BTO.
hope evrything will turn out ok

ricemannv

September 29th, 2010, 12:37 AM

Tapsilog ba ito? :ohno:

Polgas

September 29th, 2010, 02:13 AM

never seen one.
pero sa mall foodcourts nga pala, bayad muna bago kain lol

okay lang kung nakalagay sa kontrata na pinirmahan, otherwise i'm against paying the turnover balance without punchlisting and accepting the unit key.
just like asiza mentioned, it's a lot different from G&W's BTO.
hope evrything will turn out ok
you're right to that we should have to punchlist the unit even if it is bare. aside from the things mentiones by aiza the drains have to be checked also. your contractor and F1 will point fingers later on if defects are found like cloged drains and kapak walls. it is also added cost for you to rectify these things where it should have been the developers job to fix them. for large buildings it is common to have cloged drains because some workers actually drop cement into the drains be it intentional or accident. F1 can blame your contractor for causing this. lets have them do proper punchlist so that we know where their responsibilyt stops and ours begin.

Aziza1121

September 29th, 2010, 03:15 AM

How can we check for the pipes/drains? Buhusan ng tubig, you mean? Ano yung kapak walls?

ricemannv

September 29th, 2010, 03:58 AM

you're right to that we should have to punchlist the unit even if it is bare. aside from the things mentiones by aiza the drains have to be checked also. your contractor and F1 will point fingers later on if defects are found like cloged drains and kapak walls. it is also added cost for you to rectify these things where it should have been the developers job to fix them. for large buildings it is common to have cloged drains because some workers actually drop cement into the drains be it intentional or accident. F1 can blame your contractor for causing this. lets have them do proper punchlist so that we know where their responsibilyt stops and ours begin.

Check all the drains before you start the fit out.

Aziza1121

September 29th, 2010, 04:23 AM

ricemannv

September 29th, 2010, 05:00 AM

I guess Polgas meant that there should be proper turnover procedure before paying the balance and accepting the key:

Punchlist - Rectify - Accept - Pay - Key - Fitout

But in this case:

Pay -------- Key - Fitout

Oh well...

Yeah, seeing that the turnover balance is due tommorrow for bare residential flats and interest will be attached at 1.5% a month on outstanding balances I'd say the "Punchlist - Rectify - Accept - Pay - Key - Fitout" idea is obsolete, oh well.....

Polgas

September 29th, 2010, 05:56 AM

How can we check for the pipes/drains? Buhusan ng tubig, you mean? Ano yung kapak walls?

In whatever cement plastering on the walls sometimes due to heat, thickness, mixture of cement. the cement plaster"palitada" does not adhere to the hollow blocks beneath it. On the outside it may be smooth and straight but when you knock it usually with the fist or a rubber hammer it will produce a hollow sound. this is very common and it happens.

To test the drain, you actually pour a bucket of water down the drain and see if it empties quickly. you would be surprised that you may find some drains slower than others. which means there are some blockages on the drain. you have some workers that are lazy and pour unused paint/dirty thinners down the drains. some cases there were trash(papers from cement bags, plastics from food,etc) and finishing putty stuck inside.

Openeconomy

September 29th, 2010, 07:45 AM

I guess Polgas meant that there should be proper turnover procedure before paying the balance and accepting the key:

Punchlist - Rectify - Accept - Pay - Key - Fitout

But in this case:

Pay -------- Key - Fitout

Oh well...

I had a private message from you but I'm new to this so I don't know if you got my reply. I own a loft on the 29 th floor. I paid full last wk. I ask my lawyer there and that was his advice since I signed a contract, I guess as long as they finished the bldg itself then Ill finish the inside of my unit. Most of my friends who bought condo units in cebu did it that way. I bought a commercial type condo unit in cebu and I had the lessor finished my unit.

Aziza1121

September 29th, 2010, 04:24 PM

@Ricemann: In this case, I agree.

@Openeconomy: Yes, Ive read your PM.:)

rubix_cube321

September 30th, 2010, 02:02 AM

http://lh3.ggpht.com/_440aGZY4m2Y/TKPTQ7PY7OI/AAAAAAAABe4/LdZTP0wdKcM/s512/SP_A0100.jpg
Taken Sept 29 2010

cornfield

September 30th, 2010, 02:24 AM

http://i822.photobucket.com/albums/zz144/bestprice2030/F1CITYCENTRE/f1_sept28a.jpg

cornfield

September 30th, 2010, 02:27 AM

http://i822.photobucket.com/albums/zz144/bestprice2030/F1CITYCENTRE/f1_sept28b.jpg

Some other pics

Polgas

September 30th, 2010, 02:51 AM

I cant see how the building will be finished by early next year. I guess thw developers needs the money so as to force people to pay turnover balance before actually finishing the building.

Aziza1121

September 30th, 2010, 03:02 AM

Sana same color (orange) na lang lahat ng windows.

chededeng

September 30th, 2010, 06:21 AM

In the buffet style resto....yes bayad muna bago kain... lol!

Yeah sa buffet style resto ,,bayad muna bago kain,,,BUT sa buffet style bago ka magbayad ready na ang pagkain,,choose kana lang kung ano ang kakainin mo,,i havent see a buffet resto na pinagbayad kana while still cooking the food...

Aziza1121

September 30th, 2010, 06:45 AM

^^Hahaha!...perfect analogy, ched!

zenyp63

September 30th, 2010, 03:05 PM

Please post pics inside the residential, condotel, lobby and amenities????

zenyp63

September 30th, 2010, 03:06 PM

Yeah sa buffet style resto ,,bayad muna bago kain,,,BUT sa buffet style bago ka magbayad ready na ang pagkain,,choose kana lang kung ano ang kakainin mo,,i havent see a buffet resto na pinagbayad kana while still cooking the food...

Exactly....that's why its called buffet.

zenyp63

September 30th, 2010, 03:21 PM

Manny/Aziza,
My husband is inquiring our agent about this monumental changes unbeknownst to the investors. We are still awaiting for the response.... I have stayed in one of the condotel in Manila and they do have kitchennette....if this is the case what is the replacement in lieu of kitchennette? maybe less price....I understand if this is a no-no to a "5 star hotel"....but we should have been informed prior to the modification of the drawings/layouts. I am still hoping that this is a good investment for all of us.

We received a negative response from our agent regarding the kitchennette provision....I wonder if the mgmt told its agent to act innocent when someone raise a questions about it. I wonder if BW got to do with this changed.
@Aziza - as an agent...im sure you get weekly updates on each project right? they should be aware....especially if they're just across the street.

ricemannv

October 1st, 2010, 05:03 AM

Sana same color (orange) na lang lahat ng windows.

Yeah, it would of been a nice contrast to the building, give it more color and make more guapo.

Aziza1121

October 1st, 2010, 08:15 AM

^^Agree. TFT is all-green, while F1 is all orange. Then in the middle is Globe Telecom, which can be all blue or blue and white.

Then here comes The Waltz beside F1, which will have the combination of all these colors. :banana:

http://img202.imageshack.us/img202/1624/thewaltz.jpg

Aziza1121

October 1st, 2010, 09:23 AM

@zeny, it can be that nde talaga alam ng agent mo. Even ricemann's agent was surprised to learn that wala nang kitchen.

You have a point there. It can be the reason that they removed the kitchen bec nde na tayo condotel, but instead F1 is a 5-star hotel of Best Western. Level-up na ang condotel units!

TheRick

October 1st, 2010, 09:57 AM

I think once it gets painted. It would really look like the original rendering.

http://i822.photobucket.com/albums/zz144/bestprice2030/F1CITYCENTRE/f1_sept28b.jpg

Some other pics

http://i231.photobucket.com/albums/ee248/stephenpdavid/_scraps/F1CityCenterbrochure_02_pages1-2.jpg
Pages 1 & 2

ricemannv

October 1st, 2010, 10:02 AM

I think once it gets painted. It would really look like the original rendering.

Maybe you are right, because in that rendering pic the windows in the mid level do look like the "silver" ones they are currently installing. The windows of the lofts at the upper levels are gold like the commercial floors. That will look real nice. :banana:

Openeconomy

October 3rd, 2010, 07:04 AM

My mom was there at the site thursday, went to the byo office and talk to our agent, she is satisfied with the progress of the project. I bought a loft though, I am concern for any company that promises something but don't do it. Like the condotel and kitchen situation.

ricemannv

October 3rd, 2010, 10:15 AM

Openeconomy

October 3rd, 2010, 10:30 AM

Hindi ko alam dyan pero kasi ditto if the company advertises on tv radio or print that they are giving something like a discount of five percent and they don't do it for just for one person, false advertising na yon, kaso na kaagad. Hopefully they will be able to clarify it with the condole owners before it get out of hand, I think binay wants to have a good fight so he can be president.

zenyp63

October 4th, 2010, 02:45 PM

zenyp63

October 4th, 2010, 06:35 PM

To all Condotel Investors:
Best Western is more focused on high yield return...So, in order to be a 5 star hotel, Best Western Premier along with F1 made the modification to take the kitchenette specifically "stove" but has a nook with appliances (assuming coffee/tea area and refrigerator). The reasoning to this is to avoid smelly food being prepared inside the hotel i.e. "tuyo" (dried fish) which is one of filipinos favorite and very smelly dish, ..., as we all know the smell could be permanent, we don't want to be named as smelly 5 star hotel. Accordingly, lots of items and features were upgraded that suited to be five star hotel. F1 and BW is also considering the competition..... i.e., anticipated projects such as Shangrila is only 300 meters away and discovery suites is about 200m away from F1. The modification updates notice/letter is forthcoming, also, mentioned that the investors can visit and inquire about the modification in the F1 Center showroom and be able to get a copy of the draft modification plan. This could be a good news to every condotel investors! :)

Openeconomy

October 4th, 2010, 08:45 PM

Openeconomy - did your agent mentioned anything about the condotel situation?

She didn't since I bought a loft, if this is true though that they really promise this and it is on their contract then it's a problem.

Openeconomy

October 4th, 2010, 08:47 PM

ricemannv

October 4th, 2010, 11:39 PM