FAQ
The standard downpayment term for mid-rise developments is 10-90, and for high-rise it is 5-95, unless a certain project is given a certain promo term
If the project is RFO (ready for occupancy), the turnover of the unit is done after 30 days from issuance of clearance, whereby clearance is issued only upon completion of downpayment.
The unit has a 2-year warranty period, and the coverage is the workmanship.
Yes, SMDC has a leasing management department that takes care of your leasing requirements.
The assistance for a local checking account should be requested and be endorsed to our own bankings which are BDO and Chinabank.
The standard requirements are secretary’s certificate, articles of incorporation, board resolution, and the valid IDs of the corporate secretary.
The title is released one (1) year from full payment.
We don’t generally allow pets in the developments, unless otherwise stipulated in the deed of restrictions.
The standard distance is 8 meters on the average.
The standard set-back and elevation of developments from road level is 3 meters on the average.
Some projects allow purchase of more than one (1) parking slots, but majority will only permit one (1) slot per unit.
Some projects offer these provisions, but because of the existence of the service area at the rooftop, the provisions for washer and dryer are already available there and will therefore no longer be available within the unit. See the specifications per project.
