SkyscraperCity Forum banner
Cancel

PÁSIG | Fairlane Residences [50F|res|u/c]

49122 Views 145 Replies 40 Participants Last post by  ajosh821, 
N
Fairlane Residences by DMCI
Location: #27 Brixton St., Kapitolyo, Pasig City

Land Area: 7,618sqm

Fairlane Residences DMCI Philippines, is a premier condo community project of DMCI Homes soon to rise at Brixton St., Kapitolyo, Pasig City. A company of innovative builders and engineering experts that develop modern day living solutions for urban families. Each of its developments is built with world-standard craftsmanship borne from D.M. Consunji Inc.’s almost 61 years of experience in the construction and development industry. DMCI Homes offers its customers the highest level of expertise and its strict adherence to global standards. Its corporate philosophy is anchored on a deep understanding that buying a home is more about investing in a better way of living. Fairlane Residences near Capitol Commons is the perfect validation of this timely proposition. Thanks to this feature-rich ideally located community, residents can finally enjoy a more comfortable and meaningful way of life where they can feel real good to be home.
See less See more
Reply
Save
Like
121 - 140 of 146 Posts
P
I was informed by DMCI customer care that the current foreign ownership of Fairlane is at a whopping 65%, well above the legal limit of 40%. It wasn't checked properly during the course of many ownership transfers that happened.

Anyone familiar with how such a situation can be justified or remedied? As far as I know, that's allowed only if the condo corp just leases the land, but DMCI doesn't do leasehold ownership.
See less See more
Reply
Save
Like
queetz@home
^^ I would imagine it would follow the LIFO rule so those that came in after the 60% threshhold should probably double check to see if their contracts are still legally valid. Ang hirap yan pag dumaan sa korte since it will take years and you may have issues getting your money back if your contract is void.

Anyway, this is just my guess, I am not a lawyer, and if there is any recent court cases that is similar, and the key word here is "any", its best to just err on the side of caution. At the very least, air your concerns to the agent that sold you the unit. I made sure I had dual citizenship before I bought any condo, but that's just me.

Syempre, the best solution is do away with this stupid 60/40 rule to begin with so anybody in the planet can invest. Pero asa ka pa sa useless Congress... :rolleyes:
See less See more
Reply
Save
Like
kingofthenorth
polemic said:
I was informed by DMCI customer care that the current foreign ownership of Fairlane is at a whopping 65%, well above the legal limit of 40%. It wasn't checked properly during the course of many ownership transfers that happened.

Anyone familiar with how such a situation can be justified or remedied? As far as I know, that's allowed only if the condo corp just leases the land, but DMCI doesn't do leasehold ownership.
Click to expand...
I guess contracts with notarization date after the 40% limit is filled are considered invalid. Next step is for DMCI to notify the owners and provide full refund, then reopen the units to Filipino buyers. But it could be complicated for those who bought resale units since the amount paid to DMCI (based on the original TCP) may be lower than the amount they have paid the original owner (with gain).

Disclaimer: not a lawyer
See less See more
Reply
Save
Like
P
Was able to talk to a few people about this. It seems they're anticipating a lot of the foreigners to sell off before turnover, as the most of the bulk buyers bought with the intent of reselling for profit.
Reply
Save
Like
P
...
Reply
Save
Like
ajosh821
DMCI Homes - July 2021 update
See less See more
4
Reply
Save
Like
  • Like
Reactions: 2
jezhang
I’m selling my two bedrooms At fairlane residence at low price. Contact me if you are interested in. Sorry if it’s not allowed to post this here admin could delete it
Reply
Save
Like
erzo01
Reposting from Brixton Place thread

erzo01 said:
Taken today, with BGC in the background
Click to expand...
See less See more
Reply
Save
Like
  • Like
Reactions: 2
erzo01
Taken earlier today
See less See more
Reply
Save
Like
  • Like
Reactions: 2
ajosh821
DMCI Homes - August 2021 update
See less See more
3
Reply
Save
Like
  • Like
Reactions: 2
ajosh821
DMCI Homes - September 2021 update
See less See more
3
Reply
Save
Like
erzo01
Taken yesterday
See less See more
Reply
Save
Like
  • Like
Reactions: 3
jezhang




See less See more
3
Reply
Save
Like
  • Like
Reactions: 1
watpad
DMCI Homes - February 2022






See less See more
4
Reply
Save
Like
  • Like
Reactions: 1
erzo01
Taken last 03/30/2022
See less See more
Reply
Save
Like
  • Like
Reactions: 1
mon_dy
Taken today:
See less See more
Reply
Save
Like
erzo01
Taken yesterday


See less See more
2
Reply
Save
Like
  • Like
Reactions: 1
watpad
DMCI HOMES - July 1, 2022








See less See more
5
Reply
Save
Like
C
Anybody got an update on foreign ownership level with Fairlane?
Reply
Save
Like
ajosh821
07/29/2022
See less See more
Reply
Save
Like
  • Like
Reactions: 2
121 - 140 of 146 Posts
SkyscraperCity Forum
A forum community dedicated to skyscrapers, towers, highrises, construction, and city planning enthusiasts. Come join the discussion about structures, styles, reviews, scale, transportation, skylines, architecture, and more!
Full Forum Listing
Explore Our Forums
Infrastruktura drogowa General Photography Inwestycje ukończone DN Archives Obras públicas e Lançamentos imobiliários
Top