Casa San Miguel FAQ’s

Frequently Asked Questions

What is the exact address of Casa San Miguel?

The address is at Lot 2 Interior N. Cruz, Brgy San Miguel, Pasig City

Where can a buyer visit your model units?

A Model unit is displayed at the project site.

What are the Model Units offered?

There is only one Model Unit for a 1-BR mezzanine but should a buyer require an additional bedroom, the buyer has the option to request to make additional partition either at the lower level or at the mezzanine level. Another option is to get two (2) adjacent units.

What facilities/services can I expect at Casa San Miguel?

Condominium Features

Ample open space

6-meter road, avenue for jogging and biking

Water supply from Manila Waters

Secured perimeter fence

24-hour security post with roving guards

Amenities

Children’s Playground

Roof deck Multi-purpose open courts

Garden Pavilion

Condominium

An option to be fully finished/furnished unit

Individual water and electric meter

Provision for air-conditioning units

Provision for telephone, cable and internet

Overhead water tank and cistern

When is the completion of Casa San Miguel?

Building 1 is expected to be delivered June 2010

Building 2 is expected to be delivered Dec 2010

What finishing are included?

Painted concrete finish for ceiling, dining and bedroom

Painted interior walls

Vinyl flooring for living, dining and kitchen

Vinyl flooring for bedroom

Ceramic tile flooring in toilet and shower

Ceramic tile shower wall, 0.90 m high

Wash basin, water closet, shower head

Provision for 1 air-conditioning unit

Steel Casement window with clear glass

Kitchen counter with Stainless Steel Sink

(The building units could be delivered fully fitted and fully furnished as options to the buyer as follows)

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How much is the Reservation Fee?

P25,000.00 reservation fee, forms part of the Total Contract Price but is non-refundable.

What are other fees aside from the Purchase Price? When will this be paid?

Fees to be paid before turn-over of unit

Monthly and Annual Fees and Charges

Property management/association dues are at Php20.00/sq meter/month

Water dues at Php30-Php40 per cu. M.

What are the fees for loan application?

Fees to be paid for loan application

a. Pag-IBIG/Bank processing fee P3,000.00

b. Annotation Fee (1.5% of loan amount) P

c. Facilitation fee

For Bank

For Pag-IBIG (0.5% of loan amount)

d. Pag-IBIG 2-year contribution (depends on loan payment)

Monthly/Annual Fees to be paid while under installment/financing

a. Monthly MRI* P300-P600

b. Monthly Fire Insurance** P100-P200

c. Pag-IBIG upgraded monthly contribution P200-P500

How much is the total equity before moving in? How will this be paid?

You must pay your total equity of 30% of the total contract price before moving in.

Is there a discount if equity is fully paid on spot? How much?

Yes, we give discounts of up to 7% of total contract price. In addition, you receive priority in housing allocation

Is there a discount if the Purchase Price is fully paid on spot? How much?

Yes, we give discounts of up to 7% of total contract price. In addition, you receive priority in housing allocation

Do you offer in-house financing? At what rate? Maximum years?

Yes, but presently we only offer in-house financing  good up to one year. For anything over, we offer Pag-Ibig or bank financing.

How should payments be made?

Payments should be made directly through authorized representatives at Good Luck House offices.

What are the requirements?

General Requirements

Buyer’s Information Sheet

Reservation Agreement (Signed by Spouse if Married)

Reservation Fee

Photocopy of Company ID, Passport or Driver’s License with picture and signature

Photocopy of valid Passport with signature (including pages of arrival and departure)

Three months latest Proof of Billing Statement (i.e. credit cards/ mobile phone/ Meralco/ water/ telephone) with proof of payment

3 pcs 1×1 ID pictures. If married, include 2 pcs 1×1 ID picture of spouse

Marriage Certificate/Birth Certificate

PDCs for all payments including move-in fees and loan application fees

Requirements for Financing

Bank Statement with latest 6 months transaction

Latest Income Tax Returns (ITRs) with W-2 and Tax Receipts payment is required before loan application

Signed loan documents is required before loan application

Additional Requirements for Financing

Employed

One (1) month latest Pay Slip

Certificate of Employment and Compensation (CEC) itemized to indicate length of service, position and annual salary duly certified by the employer

OFW

Proof of remittances/allotment with any local bank

Employment Contract or Certificate of Employment and Compensation duly certified by the employer

Special Power of Attorney (Notarized/Consularized)

Valid ID of Attorney-in-Fact with picture and signature. Valid Residence Certificate or Cedula of Attorney- in-Fact will be required before loan application

Self Employed

2 years Audited Financial Statement

Valid DTI/SEC Registration

Valid Mayor’s Permit/Business Permit

Pag-IBIG

Updated Employee Statement of Accumulated Value (ESAV) POP Passbook (at least 24 months)

Acknowledgement of MSVS Counseling/Approved MSVS

Can a buyer alter his/her unit?

Yes, after turn over. Units are expandable. Alterations will be subject to GLHI approval.

Can a buyer install an air conditioning unit? What are the requirements?

Yes, after securing clearance from the administration office.

Can a buyer purchase a unit with furniture and appliances?

Yes, the buyer has the option to choose the package.

Can a buyer purchase a unit and construct a connecting door?

Yes.

Upon move-in, is there a warranty for structure? How long?

15 years.

Is there a warranty for accessories? How long?

30 days upon turn-over.

(FOR HDMF/BANK FINANCING) In case that the equity has been fully paid and the loan is not yet taken out, is the buyer obliged to continue paying the monthly installment?

Yes, the buyer has to continue paying the monthly installment until such time that there is an actual loan takeout.

Will there be a grace period for the payment in case of default?

30 days

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