fbpx

RFO CONDOS in MAKATI CITY

Discover Ready-for-Occupancy Condos in Makati by SMDC. Qualify for an early move-in for a minimum 5% Downpayment.

5.00% discount

STUDIO WITH BALCONY
(22.95 sqm)

Other Units Offered:
1 Bedroom, 2 BR, 2 BR with balcony

1 Until February 29, 2023 only, inclusive of taxes & other charges with 5% promo discount; 2 net of 40,000 reservation fee

19% discount

1 BEDROOM WITH BALCONY
(26 sqm)

Other Units Offered:
1 Bedroom with Balcony (35sqm), 2 BR with balcony

1 Until February 29, 2023 only, inclusive of taxes & other charges with 15% promo discount AND 5% term discount; 2 net of 40,000 reservation fee

14.5% discount

1 BEDROOM
(24.49 sqm)

Other Units Offered:
Studio, 1 bedroom with Balcony (24sqm to 35sqm), 2 Bedroom

1 Until February 29, 2023 only, inclusive of taxes & other charges with 10% promo discount AND 5% term discount; 2 net of 40,000 reservation fee

The Process

Inquire

Get a quote from our agents and schedule for an actual unit viewing.

Reserve

Sign the reservation documents and pay the reservation fee to secure the unit you desire.

Pay DP

Pay the 5% Down payment and submit the necessary requirements to be eligible for unit turnover.

Turnover

Move-in to your unit after 30 days from turnover eligibility.

Frequently Asked Questions

“RFO” stands for “Ready For Occupancy.” It’s a term used in real estate to describe properties that are fully completed and ready for immediate occupancy.

RFO properties have finished construction, all necessary utilities are in place, and all eligible buyers can move in.

This is in contrast to properties in pre-selling stages, where construction may still be ongoing. The advantage of RFO properties is the immediate availability for those seeking a ready-to-move-in home.

The reservation fee is set at P35,000, and it’s important to note that it is both non-refundable and non-transferable.

However, rest assured that this amount will be deducted from your overall downpayment.

With SMDC’s RFO Payment Terms, you get to move into your unit way sooner than the regular full payment schedule.

Normally, you’d have to pay everything upfront or have the unit financed by a bank to be eligible for turnover under the standard payment terms.

Now, for a minimum 5% down payment , along with other documentary requirements, you can qualify for early turnover. No more waiting around until you’ve paid the whole price.

Turnover of unit to buyer is after 30 days from eligibility.

To be eligible for turnover, the following conditions must be satisfied:

  1. UNIT IS ALREADY QUALIFIED FOR TURNOVER
    • This is determined by SMDC Engineering
  2. COMPLETE DOCUMENTARY AND PAYMENT REQUIREMENT
    • Signed Contract to Sell
    • Notarized Deed of Undertaking (for Filipino Buyers)
    • Deed of Undertaking for Non-Submission of PDCs (for Foreign Buyers)
    • Complete set of Post-Dated Checks (PDCs) covering the Total Amount Payable, lump sum included; OR Auto Debit Arrangement (ADA) Enrollment
    • Cleared Downpayment of at least 5% for Filipino Buyers and 10% for Foreign Buyers.

 

To secure a unit, start by consulting with your property specialist about your preferred property and unit. Following that, submit the required documents:

  1. Copies of 2 Valid IDs with specimen signatures
  2. Signed Reservation Agreement
  3. Signed EOP Checklist
  4. Copy of the proof of payment for the reservation fee

Yes. Foreigners can avail an SMDC RFO unit. Minimum downpayment required is 10%.

Get a Quote

manilacondosbysmdc.com | All information stated are intended to give a general overview of the project only and does not constitute any part of an offer or contract