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View Poll Results: Rate The Gramercy Residences
10 29 18.47%
9.5 17 10.83%
9 16 10.19%
8.5 9 5.73%
8 15 9.55%
7.5 11 7.01%
7 9 5.73%
6.5 4 2.55%
6 5 3.18%
5.5 5 3.18%
5 9 5.73%
4.5 2 1.27%
4 1 0.64%
3.5 3 1.91%
3 or less 22 14.01%
Voters: 157. You may not vote on this poll

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Old July 27th, 2012, 06:01 AM   #6521
kennethvon
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Sobrang taas nga ng building na to. Kailan po daw ang proposed completion ng project?
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Old July 27th, 2012, 07:55 AM   #6522
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I'm afraid for the parking fee assoc dues.
When the original 105/sqm assoc dues was communicated, parking assoc was at P1700, which makes it 136/sqm. It was higher than the unit assoc dues.

Does it mean now, that the parking assoc can go as high as 180/sqm???
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Old July 27th, 2012, 08:36 AM   #6523
3cr
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Huh? Really? Why is the Gramercy association dues for parking higher than the unit's? Shouldn't it be the other way around or in a worse case scenario cost number should be the same? This is actually the first time I've heard of such a scheme. That's really weird! I'd be curious to know their explanation in justifying for this.

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Originally Posted by |DeVLiN| View Post
I'm afraid for the parking fee assoc dues.
When the original 105/sqm assoc dues was communicated, parking assoc was at P1700, which makes it 136/sqm. It was higher than the unit assoc dues.

Does it mean now, that the parking assoc can go as high as 180/sqm???
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Old July 27th, 2012, 08:39 AM   #6524
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Quote:
Originally Posted by 3cr
Huh? Really? Why is Gramercy association dues for parking higher than the unit's? Shouldn't it be the other way around or in a worse case scenario cost number should be the same? This is actually the first time I've heard of such a scheme. That's really weird!
Its really weird. Yung iba nga does not charge for parking.
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Old July 27th, 2012, 08:44 AM   #6525
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i have read this type of conversation at every nearly completed CPMI condo..its like who , what , where ..what happened.....in 2 years time I will re-read it for Milano and Trump, Azure....so do we start telling the Trump and Milano threads now or do we have this same conversation in 2 years time?

Last edited by sloanesquare; July 27th, 2012 at 02:00 PM.
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Old July 27th, 2012, 08:44 AM   #6526
3cr
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Dang it's really getting ridiculous doesn't it? Makes me wonder what other surprises Century has in store for Gramercy unit owners...
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Old July 27th, 2012, 08:56 AM   #6527
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highway robbery! that's right buddy!!!
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Old July 27th, 2012, 02:21 PM   #6528
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Very very EXPENSIVE...
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Old July 27th, 2012, 02:37 PM   #6529
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Expensive is a relative term. First, it depends on who is talking, second, nobody has seen the interior and final turn over features and amenities, therefore expensive now maybe just value for money after all. But I still stick to my first statement.
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Old July 27th, 2012, 03:45 PM   #6530
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I haven't seen up close the amenities as works are still ongoing but they are nothing special typical of a CPI development. Just think of Soma. I've seen one unit interior though and I can tell you now for the money you paid it will BREAK your heart! Remember All furnishings and fixtures are standard in ALL CPI projects and this started in Soho Bel Air so don't expect yours will be any different from their previous projects. If you can't get in the bldg. just visit Grand Soho Makati units and you'll know that value for money does not apply in Gramercy unless you only paid 70k/sqm like I had in Soho way back in 2004 ...re asso dues, I can confirm it is not 150k as rumored here. 150/sqm is just the one off payment .. .
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Old July 27th, 2012, 07:20 PM   #6531
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If the P150/SQM is just a one off payment, wonder what the actual monthly association dues will come out too be? Hopefully a little cheaper. Looks like this is that CPI tactic you were talking about...

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It's one of those old CPI tricks, conditioning your mind They know 150 is too much but they'll make an official announcement, say 130sqm. Still way too high but better than 150k and that should make buyers happy. wanna bet?
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Old July 27th, 2012, 08:48 PM   #6532
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Quote:
Originally Posted by 3cr View Post
If the P150/SQM is just a one off payment, wonder what the actual monthly association dues will come out too be? Hopefully a little cheaper. Looks like this is that CPI tactic you were talking about...
i still believe that cpi will lower it some if a lot of investors complain.
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Old July 28th, 2012, 10:29 AM   #6533
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Quote:
Originally Posted by missionary View Post
i still believe that cpi will lower it some if a lot of investors complain.
Did CPI change its mind specially when the buyers of Gramercy complained that the design of their building was altered?

Will CPi change its mind so soon after it released a memo about the association dues?
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Old July 28th, 2012, 10:54 AM   #6534
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I received communication thru e-mail that association dues is at PHP 105.00 per square meter, more or less.
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Old July 28th, 2012, 11:18 AM   #6535
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Quote:
Originally Posted by rough View Post
I received communication thru e-mail that association dues is at PHP 105.00 per square meter, more or less.
A lot cheaper compared to Php 150. Great news for Gramercy owners.
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Old July 28th, 2012, 11:27 AM   #6536
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Quote:
Originally Posted by rough
I received communication thru e-mail that association dues is at PHP 105.00 per square meter, more or less.
I hope that's true, and that he/she did not mislead you.
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Old July 28th, 2012, 11:52 AM   #6537
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Quote:
Originally Posted by |DeVLiN| View Post
I hope that's true, and that he/she did not mislead you.
There is however, a one time membership fee of PHP 300.00 per square meter that will be used "as seed fund to facilitate start-up operations."
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Old July 28th, 2012, 12:49 PM   #6538
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Old July 28th, 2012, 01:54 PM   #6539
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I got the same quotation too, but this was in June. The 150/sq rate will be announced in August, through the turnover letter
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Old July 28th, 2012, 02:56 PM   #6540
Dr. Richard Espeno
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ANNEX - C
Miscellaneous Fee Computation
Unit 68___
Unit Area 64.55
Unit Type 1BR
# of Parking Slots 0
Contract Price
Particulars Amount Remarks
Condominium Fees
One-time membership fee
(P500.00 per square meter) 32,275.00 This will be used as seed fund to facilitate start-up operations. As per Master Deed membership fee is P500/sqm.
One month advanced
Association Dues (unit)
9,682.50 The Condominium Corporation will begin charging Association
Dues thirty (30) days after Inspection. Early computations estimate
association dues at P150.00 per square meter, more or less.
However, we are at this time making final computations to
determine actual charges, which we will advise you of in our next
pre-turnover letter. The advanced dues mentioned will cover the
first month. Funds will be used to facilitate start-up operations
One month advanced
Association Dues
(parking)
0.00 The Condominium Corporation will begin charging Association
Dues thirty (30) days after Inspection. Early computations estimate
association dues at P1,700.00 per slot, more or less. However, we
are at this time making final computations to determine actual
charges, which we will advise you of in our next pre-turnover letter.
The advanced dues mentioned will cover the first month. Funds will
be used to facilitate start-up operations
Fire Extinguisher 3,000.00 This will be advanced by Century City Development Corp for the purchase a fire extinguisher for your unit. This is in compliance withthe Fire Code of the Phil.
Total condominium fees 44,957.50
Meralco Service Deposit
and Difference in cost of meter
25,000.00 Both fees will be turned over to the Condominium Corporation for their proper action
Water Service Deposit 2,150.00 Water Service Deposit will be turned over to the Condominium Corporation for their proper action. Any adjustment in price may be
collected from homeowner upon finalization
PLDT/Cignal Cable annual subscription
51,300.00 This includes fiber internet speeds from 8mbps to 100mbps; Wi-fi
access in all Gramercy and Century City's amenity areas + 1500
other hotspots of PLDT such as popular bars and restos around the
metro; telephone over fiber, complete with android tablet, & cignal
cable TV with the largest number of HD channels. The subscription
fee will be turned over to the Condominium Corporation for their
proper action.
Estimate service deposits 78,450.00
Documentary Stamp Tax 103,283.75 1.5% of contract value or zonal value, whichever is higher
Transfer tax 34,427.92 0.5% of contract value or zonal value, whichever is higher
Registration Fees 32,196.00 P6,996 for the first P1.3M of contract value, P90 thereafter for
every P20K or a fraction thereof Processing Fee 20,000.00 Facilitation fees including communication and transportation fees
Estimate CCT registration expenses 189,907.67
Estimate total
miscellaneous fees 313,315.17
Gramercy Residences Condominium
Corporation
Pay to
Gramercy Residences Condominium
Corporation
Gramercy Residences Condominium
Corporation
Gramercy Residences Condominium
Corporation
Note: Utility service deposits and CCT registration fees are estimates and might be subject to change depending on Provider’s final billing and
Government regulations.
Add: CCT registration fees
Century City Development Corp. ( to be
paid to the Bureau of Internal Revenue)
Century City Development Corp. ( to be
Centurpy aCidit yto D Reevgeilsotprmy oefn Dt Ceeodrps.) ( to be
paid to Registry of Deeds)
Century City Development Corp.
Add: Utility service deposits
Gramercy Residences Condominium
Corporation( to be turned over to Meralco)
Gramercy Residences Condominium
Corporation
Gramercy Residences Condominium
Corporation
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