FAQs
RESERVATION FEE
What is Reservation Fee?
Reservation Fee is payment made by the client to gain exclusive rights to buy a property in Versailles Alabang, under certain conditions and at an agreed price.
How much is the Reservation Fee?
Reservation Fee is Php 100,000.00
How do I pay the Reservation Fee?
Client may pay the Reservation Fee thru CASH or CHECK
Is Reservation Fee refundable?
No. Reservation Fee is strictly non-refundable and non-transferrable in case of cancellation.
What are the grounds for Cancellation of Reservation?
Grounds for cancellation of Reservation Fee are
(1) Non-payment of Downpayment and
(2) Non-submission of documentary requirements
Is the Estimated Expense for Sale Registration and Title Transfer (ERT) included in the Selling Price?
No, ERT is not included in the Selling Price.
Questions?
Do you still have questions in mind? Contact us and one of our representatives will contact you as soon as possible.
MISCELLANEOUS FEE & VAT
Is the Estimated Expense for Sale Registration and Title Transfer (ERT) included in the Selling Price?
No, ERT is not included in the Selling Price.
Is the VAT included in the Selling Price?
Yes, 12% VAT is already included in the Selling Price.
Are there other charges excluded from the Selling Price?
Yes. If buyer prefers to apply for a housing loan to partially finance the purchase of the property, buyer has to pay bank charges directly to the bank.
HOUSE CONSTRUCTION
How long is the construction and completion of house?
The construction shall be completed within sixteen (16) months from the date the required payment is reached.
When can I move-in?
- Spot Cash– Upon full payment of Contract Price & other charges and house completion, as applicable
- Deferred Cash(No Down, No Interest) – Upon 30% Payment of Contract Price and signing of Contract to Sell.
- Bank Financing – Upon Loan Release / Take-out and payment of all charges.
- In-house Financing– Upon 30% Payment of Contract Price and signing of Contract to Sell.
MOVE-IN FEE & HOMEOWNER ASSOCIATION DUES
Is there move-in fee in Versailles Alabang?
Yes, amount will be discussed during move-in briefing.
What is the composition of move-in fee?
Location Plan, Building Plan, electrical and water connection fee, others.
Disclaimer: These FAQs are meant to serve merely as guidance and consequently have no legal merit. They can also be subject to amendments.