[hakaw]

Sorry I don't know what to do also, gusto ko lang itanong kung sa kaso nyo, sagot pa rin ba ng SMDC ang amilyar or real estate tax dahil wala pang CCT? Salamat po.

 

[eyesky]

hi i need help! dana matulungan nyo ako we bought a unit in sea residences cash pero until now wala pa run laming CCT ilang years na kami naghihintay. what to do?

hno:

 

[shol]

There's a turnover inspection offer in olx but I don't know if they are trustworthy or legitimate

Reposting from the Flair thread, I think very appropriate for this thread.

 

[Stat1]

Hey guys, I thought I share my experience with the big developers and maybe you guys can give your input as well:

First one is Robinson's: I was charged a 3% penalty as the bank processing of my loan got delayed. They however negotiated with me and the penalty went down a little although I didn't agree with it, but I paid it anyway.

I had been fully paid with them since about 2 months ago, and I still don;t have the unit in my possession. I wish I could charge them a penalty as well, they did at least promise a turnover date at teh end of this month and at this point, I just want my unit.

Second one is even worse, with Megaworld, I agreed to invest in a condo last year and I gave post dated checks for the pre-selling DP until 2018, around 2M total.

They never gave me a CBTS until last week, a year after I started payment and then out of nowhere, I got a mail this week that they are demanding the turnover within 3 weeks, or at the end of June 2015 which is a long way from June 2018. If I have known I could have prepared more money to offset the pre-selling DP.

I really wouldn't mind the early turnover but I do need a notice since it involves a few millions and not just change I can pull out of the pocket. Not sure why they did this, I'm not signing the CBTS and getting legal help as I don;t know what their legal basis is in changing the payment scheme. On top of it, I didn't sign anything in contract since they just gave the contract CTBS this week.

If you guys have similar experiences I would love to get some insights. I;ll share what the lawyer tells me as well. Thanks!

 

[pattycake12790]

hello! i bought a unit from DMCI (40percent DP) and the turnover date was delayed for a year, but DMCI just informed me that i will start my Bank financing on the original turnover date, the bldg is still in construction and i will start my Bank financing already??!! is this really happening?

I also bought a unit from DMCI - Torre de Manila. So far, I'm having no problem with the developer but I'm also worried about the turnover date being delayed because of TRO imposed by SC.

I hope they lift it and it will all be resolved soon...

 

[mingjoy128]

Hello! Dont know if related ito sa topic. Since turn over nman yung pinag uusapan, may tanong ako about bank loan? Meron ba sa inyo na naka experience na mag apply ng bank loan 2 or more bank loan sa isang bank lang? Allowed ba yun? Though di naman sabay sabay ang turn over, gusto mo lang isang bank sana kse mababa ang interest? pnb and psbank mababa ata ang rate? How about yung 5 yrs fix rate? Ok ba yun? Thanks sa mga sasagot...

 

[azumiii]

Hey guys, I thought I share my experience with the big developers and maybe you guys can give your input as well:

First one is Robinson's: I was charged a 3% penalty as the bank processing of my loan got delayed. They however negotiated with me and the penalty went down a little although I didn't agree with it, but I paid it anyway.

I had been fully paid with them since about 2 months ago, and I still don;t have the unit in my possession. I wish I could charge them a penalty as well, they did at least promise a turnover date at teh end of this month and at this point, I just want my unit.

Second one is even worse, with Megaworld, I agreed to invest in a condo last year and I gave post dated checks for the pre-selling DP until 2018, around 2M total.

They never gave me a CBTS until last week, a year after I started payment and then out of nowhere, I got a mail this week that they are demanding the turnover within 3 weeks, or at the end of June 2015 which is a long way from June 2018. If I have known I could have prepared more money to offset the pre-selling DP.

I really wouldn't mind the early turnover but I do need a notice since it involves a few millions and not just change I can pull out of the pocket. Not sure why they did this, I'm not signing the CBTS and getting legal help as I don;t know what their legal basis is in changing the payment scheme. On top of it, I didn't sign anything in contract since they just gave the contract CTBS this week.

If you guys have similar experiences I would love to get some insights. I;ll share what the lawyer tells me as well. Thanks!

Hi Stat1. Saw your experiences in turnover issues thread. Do update us, as my close friend also have similar concern now with Century Properties for her Azure units which is supposed to be turnover Dec2015 but she received turnover notice last May that it will be turnedover July2015. Problem is her bank loan is still on process since May and this June I already stepped in to assist her as the bank needs a representative residing in PH but now shes based in Morocco. I advised her that there should be no penalty if ever she cannot provide the turnover balance right away since her declared turnover is still on December.

On a side note, hope you researched Megaworld first. Lots of negative feedback about this developer but they are really good in selling and marketing.

Thanks for sharing and hope to be updated abt your case.

 

[ming88]

Hi Stat1. Saw your experiences in turnover issues thread. Do update us, as my close friend also have similar concern now with Century Properties for her Azure units which is supposed to be turnover Dec2015 but she received turnover notice last May that it will be turnedover July2015. Problem is her bank loan is still on process since May and this June I already stepped in to assist her as the bank needs a representative residing in PH but now shes based in Morocco. I advised her that there should be no penalty if ever she cannot provide the turnover balance right away since her declared turnover is still on December.

On a side note, hope you researched Megaworld first. Lots of negative feedback about this developer but they are really good in selling and marketing.

Thanks for sharing and hope to be updated abt your case.

Buyers beware. More on Megaworld. I bought some units in Bayshore residential resort 2, cluster B with views of the Bay and Marina Bay resort. In one of their latest change - 2 years after I bought it, the whole cluster A (another building originally slated to be built behind) was moved in front of cluster B - blocking all the view. This was hush hush until I heard it from the grapevine few weeks back and this is totally unacceptable. Megaworld owes all buyers of cluster B an explanation, and we need to know how we will be compensated. I will keep everyone posted on whether a big developer would be professional enough to resolve this or oppress its buyer.

 

[lifehouse232]

Buyers beware. More on Megaworld. I bought some units in Bayshore residential resort 2, cluster B with views of the Bay and Marina Bay resort. In one of their latest change - 2 years after I bought it, the whole cluster A (another building originally slated to be built behind) was moved in front of cluster B - blocking all the view. This was hush hush until I heard it from the grapevine few weeks back and this is totally unacceptable. Megaworld owes all buyers of cluster B an explanation, and we need to know how we will be compensated. I will keep everyone posted on whether a big developer would be professional enough to resolve this or oppress its buyer.

You can file a case against them in HLURB especially if Megaworld committed bay views in their brochures/marketing materials.

I know that changes in the site development plan (i.e. location of buildings) should be reflected in the Master Deed (which should be attached to your Contract to Sell) and any material change in the Master Deed should have the consent of all buyers.

 

[ming88]

You can file a case against them in HLURB especially if Megaworld committed bay views in their brochures/marketing materials.

I know that changes in the site development plan (i.e. location of buildings) should be reflected in the Master Deed (which should be attached to your Contract to Sell) and any material change in the Master Deed should have the consent of all buyers.

Thanks for your advise. Greatly appreciated

 

[blupblup]

Thanks for your advise. Greatly appreciated

Very useful indeed! Thanks!

 

[reyp]

...

 

[Lighter321]

Wasn't sure where to post this, but I'm planning to buy a condo, which hasn't been turned over yet, from an individual who bought it initially but isn't able to continue w the payments. What forms will I need and what kind of transaction costs should I expect? Thanks!

 

[moonlight888]

I have a very disappointing experience buying from Eton Properties -West Wing Villa in QC part of Belton Communities. Since July 2011 until now Aug. 2015 the unit is not available for turnover, worst they said no construction at the moment in the site concerned. I paid the 30% DP already. My agent left the company and Eton has a very poor customer service. I will not recommend this developer to anyone. The company is not responsible enough dealing with their buyer.

 

[ming88]

I have a very disappointing experience buying from Eton Properties -West Wing Villa in QC part of Belton Communities. Since July 2011 until now Aug. 2015 the unit is not available for turnover, worst they said no construction at the moment in the site concerned. I paid the 30% DP already. My agent left the company and Eton has a very poor customer service. I will not recommend this developer to anyone. The company is not responsible enough dealing with their buyer.

Wow! Surely this is cheating. Either they refund you or you should report to the authorities

 

[annezeawesome]

RFO DAW PERO ONGOING ANG CONSTRUCTION? HMMM.

Okay. Here is my problem. I talked to my agent in Lancaster Cavite. I asked kasi kung rfo yung bahay na binili ko dahil i wanted to cancel na sana yung reservation ko doon. Hindi ko fully paid yung reservation and i gave them a promisory note na babayaran kos ila on the 30th of August. Then today, i asked her kung rfo yung bahay na binili ko sa kanila and she said yes. So i said na rfo pala so meaning NAKATAYO NA YUNG BAHAY. She said in her reply na "ON GOING PO ANG CONSTRUCTION". Sabi ko sa sarili ko, RFO ung bahay tapos under construction? Then she is saying na dahil daw 12months daw yun chuchu ganyan. Yes I wanted the RFO house sa Lancaster which is yung Alice Townhouse. So ang pinagtataka ko lang, bakit ongoing ang construction kung RFO ang binili ko?



And also one more thing, the buyers kit that I have from Lancaster / Pro Friends, ang nakalagay sa construction status nya is 0%. Then i asked my agent why 0% ang construction status ng house ko and she said na hindi daw updated yun and i need to update it daw sa office nila. Pwede ko ba ireklamo yun? Icacancel ko na din reservation ko sa kanila and they insisted na bayaran ko parin yung remaining balance ko sa kanila sa reservation fee. Should I still pay for it? I hope matulungan nyo ako kasi ang dami na pala nagrereklamo about PRO FRIENDS. hno:



Thanks.

 

[Cai]

Wasn't sure where to post this, but I'm planning to buy a condo, which hasn't been turned over yet, from an individual who bought it initially but isn't able to continue w the payments. What forms will I need and what kind of transaction costs should I expect? Thanks!

Hi! It depends on the requirements of the developer. But normally, copy of govt ids, marriage cert (if married), buyer's agreement form. Then there's a transfer fee that you can discuss internally with the seller.

Just in case you're still looking around, I'm planning to sell my smdc shine unit at ortigas - assume balance. Let me know ifyou're interested ☺

 

[moonlight888]

Okay. Here is my problem. I talked to my agent in Lancaster Cavite. I asked kasi kung rfo yung bahay na binili ko dahil i wanted to cancel na sana yung reservation ko doon. Hindi ko fully paid yung reservation and i gave them a promisory note na babayaran kos ila on the 30th of August. Then today, i asked her kung rfo yung bahay na binili ko sa kanila and she said yes. So i said na rfo pala so meaning NAKATAYO NA YUNG BAHAY. She said in her reply na "ON GOING PO ANG CONSTRUCTION". Sabi ko sa sarili ko, RFO ung bahay tapos under construction? Then she is saying na dahil daw 12months daw yun chuchu ganyan. Yes I wanted the RFO house sa Lancaster which is yung Alice Townhouse. So ang pinagtataka ko lang, bakit ongoing ang construction kung RFO ang binili ko?



And also one more thing, the buyers kit that I have from Lancaster / Pro Friends, ang nakalagay sa construction status nya is 0%. Then i asked my agent why 0% ang construction status ng house ko and she said na hindi daw updated yun and i need to update it daw sa office nila. Pwede ko ba ireklamo yun? Icacancel ko na din reservation ko sa kanila and they insisted na bayaran ko parin yung remaining balance ko sa kanila sa reservation fee. Should I still pay for it? I hope matulungan nyo ako kasi ang dami na pala nagrereklamo about PRO FRIENDS. hno:



Thanks.

RFO-Ready for Occupancy- so if that is under construction that is not RFO. Better find a lawyer who can assist you on this matter.Be careful with the agents who only want to get their commission and developers who want to earn and get money from buyers.

 

[Hyacinth_077]

Well for me, DMCI is the one. I'm currently staying in one of DMCI's project. My mom and I used to live in Ayala Land but then we left and chose to stay in a house. Now that i'm in the right age, I decided to live in condo again but didn't chose Ayala Land for some reasons rather I chose DMCI.

How is dmci different than ayala land? what are the pros and cons?

 

[copy_cat]

Hello!

First post ever and thanks to this thread I registered. I'm preparing for my first real estate buy (a home which I can live in) and this thread has been very helpful in exposing the dangers I might be facing. Ang daming issues. Parang gusto ko yung classic H&L na lang ata but :nuts:

Thanks again!

Also, have the developer-specific topics been created?