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Metro Manila Projects on the Rise Proposals and U/C's in the capital, Metro Manila
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Old March 30th, 2014, 01:55 AM   #41
solo_traveller
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so is there a way this thread can have separate groups by developer or by developer/development? and also a general thread discussing tips/rules/guidelines for those yet to buy, those in the middle of purchase, and those experiencing issues. Seems to be it's still buyer beware, some education, and rules of the law. I'm a first time buyer (just paid the first 10% deposit), and I've clarified what I need the condo for (not to make money/investment that's for sure - but keen for it to offset cost of hotels when I am in M.Manila). I started renting via airbnb, and some unit owners are able to rent them to $100/day for 1 bed.
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Old April 26th, 2014, 08:23 PM   #42
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i have units with Megaworld and recently received the CTBS. I was shocked to see their assigment fees (sale before turn over) is php 300,000 per unit. this is way above the unusual fees for other development, yet i have no recourse although this was not said to me when i purchased the units. Too late to back off but very disappointed indeed.
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Old April 29th, 2014, 02:50 PM   #43
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Quote:
Originally Posted by solo_traveller View Post
so is there a way this thread can have separate groups by developer or by developer/development? and also a general thread discussing tips/rules/guidelines for those yet to buy, those in the middle of purchase, and those experiencing issues. Seems to be it's still buyer beware, some education, and rules of the law. I'm a first time buyer (just paid the first 10% deposit), and I've clarified what I need the condo for (not to make money/investment that's for sure - but keen for it to offset cost of hotels when I am in M.Manila). I started renting via airbnb, and some unit owners are able to rent them to $100/day for 1 bed.
Is that here in the Philippines? Not bad for $100.

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Old April 29th, 2014, 02:52 PM   #44
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Quote:
Originally Posted by ming88 View Post
i have units with Megaworld and recently received the CTBS. I was shocked to see their assigment fees (sale before turn over) is php 300,000 per unit. this is way above the unusual fees for other development, yet i have no recourse although this was not said to me when i purchased the units. Too late to back off but very disappointed indeed.
Is that not supposed to be computed before you buy a unit and start paying them?

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Old May 5th, 2014, 05:13 PM   #45
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Unfortunately not. Was not there when I purchased it.

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Is that not supposed to be computed before you buy a unit and start paying them? Sent from my SM-N9005 using Tapatalk
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Old May 18th, 2014, 08:40 PM   #46
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Originally Posted by Baby_face View Post
Pardon my ignorance, are there any developers who are reliable in Manila?
Yes there is and its Ayala Land, the brand says it all. :-)
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Old May 18th, 2014, 08:45 PM   #47
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Originally Posted by Ulidia View Post
This is a much needed thread and one that I will read with interest.

Personally, being based in UK and awaiting the turnover of two units, I'm already rather frustrated. Initially turnover was due in 2012 but was delayed which I fully expected and had no real problems with.

However, it is the developer's lack of communication and, more so, inability to advise on turnover dates that I am finding annoying. In late May 2013, I received an email from the developer to advise that the units would be available for turnover in July.

Then, at start of July when I sought confirmation, they advised turnover would now be "around September" but could not yet, and still have to, confirm an actual date. I'm concerned, given I need to prepare in advance for trips to the Philippines (esp. regarding time off work) that the developer thinks I can, or will, just drop all my other responsibilities to accept turnover at a time that suits them.
There might be changes on the given turnover dates so better that youre sure of the exact date when will your unit be available for turnover.
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