Reservation Requirements for Local Buyers
Upon reservation, you will be asked to fill up a Reservation Agreement form. Along with this, a reservation fee of P20,000 for the unit and P10,000 for the parking must be made.
The reservation is non-refundable and is valid for 30 days only. To complete your reservation, the following documents must be submitted within the said 30 days:
- Signed reservation agreement indicating terms of payment
- Photocopy of valid ID. One (1) if ID is issued by the government and at least two (2) for non-government issued IDs.
- If applicable, a Special Power of Attorney. If the buyer is out of the country, it has to be consularized.
- Valid ID of the Special Power of Attorney holder.
- Tax Identification Number (TIN)
- Proof of Billing
After submission of the required documents, you will be asked to sign a Contract to sell. To avoid the cancellation of your reservation, please make sure to submit all the above documents within 30 days from the reservation date.
Payments and Financing
There are three available payment terms for purchasing your DMCI Home:
- Cash
- In-house financing, with a maximum term of 10 years.
- External financing
- Bank
- Pag-Ibig (Home Development Mutual Fund)
Based on the terms of payment agreed upon on your reservation agreement or your Contract to Sell, you'll be required to begin paying your downpayment 30 days after the reservation date.
Minimum downpayment required:
- Mid-rise condominium units – 10%
- High-rise condominium units – 20%
- Lots and House & Lots - 30%
If your reservation date is from the 1-15th day of the month, the downpayment is due every 15th of the month. If the reservation date is from the 16th to the end of the month, downpayment is due on the 30th of every month.
Available mode of payments are:
- Cash or dated checks
- Post dated checks, to cover monthly amortization (Maximum of sixty (60) checks). Local buyers are required to issue post dated checks.
