soho central : FREQUENTLY ASKED QUESTIONS

Mabuhay!

Thank you for your interest in our Soho Central project. Please find below some information which you may find useful.

Project Details:
Soho Central is located near the corner of Edsa and Shaw Blvd., in Mandaluyong City. It is just across Shangri-la Plaza Mall and is walking distance to Megamall, St. Francis Church, and other establishments in the Ortigas area. The project is a joint venture between Meridien Development Group (Developer of Essensa, considered to be the best residential building in the Philippines) and Greenfield (the property arm of Unilab - the country's largest pharmaceutical company)

The project will be the first residential condominium that will be built on the 24-hectare Greenfield District - a 24 hectare area that is being redeveloped into a modern masterplanned city.

The first two levels of Soho central will be a mall, the third level will be gym and spa area. The 4th level will house the podium which contains the lap pool and kiddie pool.

The 5th to 35th floor will be residential units.  All units have balconies by which owners can enjoy spectacular views. Aside from this, all units come complete with:
  - complete kitchen cabinetry
  - tiled bathroom with fixtures
  - laminated flooring for the living room
  - carpet for the bedrooms
  - mirrored sliding closets
  - rangehood
Building Amenities:
  - First class health, spa and Gym
  - lap pool
  - Laundry and Dry Cleaning services within the premises
  - Function rooms and Business Center
  - Resident's Lounge

Completion Date:
Soho Central is composed of two towers - the Shaw Tower (facing Shaw Boulevard ) and the Mayflower Tower (facing Mayflower street ). The Shaw Tower is expected to be completed by the 3rd quarter of 2009, or earlier. The Mayflower Tower will be delivered 6 months to 1 year after the Shaw Tower.

Sizes and Average Prices for Units:
Click here to view the typical floor plan. You can then right click on the image, then choose "save picture as" to save the file image to your desktop. After, you use any graphics program to view a larger version of floor plan.

Below is a breakdown of the unit sizes that can be seen in the floor plan. In the last column are the average unit prices. Please take note that these are average unit prices, and that they can go up or down depending on the floor level within the building. The prices below approximately correspond to the prices of the 20th floor, so floors below the 20th floor will have lower unit prices than the average prices shown below, while floors above the 20th floor will have higher unit prices.

Typical Floor Plan

Unit Number

Unit Size

Type

Average Price (Pesos)

Average Price (Dollars)

1

43.48

1-BR Suite

P3,069,500

 $54,812.50

2

31.64

1-BR Deluxe

P2,214,800

 $39,550.00

3

30.71

1-BR Deluxe

P2,149,700

 $38,387.50

4

30.71

1-BR Deluxe

P2,149,700

 $38,387.50

5

30.71

1-BR Deluxe

P2,149,700

 $38,387.50

6

43.11

1-BR Suite

P3,017,700

 $53,887.50

7

45.33

2-BR Deluxe

P3,173,100

 $56,887.50

8

64.38

2-BR Suite

P4,506,600

 $80,475.00

9

30.71

1-BR Deluxe

P2,149,700

 $38,387.50

10

30.71

1-BR Deluxe

P2,149,700

 $38,387.50

11

30.71

1-BR Deluxe

P2,149,700

 $38,387.50

12

30.71

1-BR Deluxe

P2,149,700

 $38,387.50

14

30.71

1-BR Deluxe

P2,149,700

 $38,387.50

15

30.71

1-BR Deluxe

P2,149,700

 $38,387.50

16

30.71

1-BR Deluxe

P2,149,700

 $38,387.50

17

30.71

1-BR Deluxe

P2,149,700

 $38,387.50

18

67.34

2-BR Suite

P4,506,600

 $80,475.00

Payment Terms:
There are 5 payment options for Soho Central, each with its corresponding discount rates. Below is a summary of each payment scheme. Buyers can chose the payment scheme that best corresponds to their cashflow. To find out about the discounts available for each scheme, please contact our sales department.

Payment Option

Reservation Fee

Downpayments

Monthly Amortization

Balloon Payments

Balance upon turnover

 

 

 

 

 

 

Option 1

P50,000 to be deducted from the downpayment

10% payable in 3 equal monthly payments

0.40% every month for 60 months

8% balloon payment every year (5 payments)

26% upon turnover

 

 

 

 

 

 

Option 2

P50,000 to be deducted from the downpayment

10% payable in 3 equal monthly payments

0.40% every month for 60 months

4% balloon payment every 6 months (10 payments)

26% upon turnover

 

 

 

 

 

 

Option 3

 

P50,000 to be deducted from the downpayment

10% payable in 3 equal monthly payments

60% per month payable in 60 months

____

30% upon turnover

 

 

 

 

 

 

Option 4

P50,000 to be deducted from the downpayment

20% payable in 3 equal monthly payments

50% per month payable in 60 months

____

30% upon turnover

 

 

 

 

 

 

Option 5

P50,000 to be deducted from the downpayment

20% payable in 3 equal monthly payments

70% per month payable in 60 months

____

10% upon turnover

  

Should you need further help and/or guidance in understanding the above figures, please do not hesitate to contact us. A property specialist will be assigned to help you.

Unit Availability and Sample Computation:
Kindly use our Contact us form in our web page to request information on available units and sample computation that details any of the above payment schemes.

Reservation Fee:
A P50,000 reservation fee is needed to hold the unit in behalf of a buyer. This will be deducted from the first month's downpayment.

Maintenance Fees and Association Dues:
Our estimate of the maintenance fees amount to 75 pesos per square meter.

Parking Slot:
Soho Central has limited parking slots available. Thus buyers are urged to purchase parking slots now before they run out. Unit owners have the option to avail a parking slot starting at P525,000 per slot. This is not included in the total unit price.

How To Purchase A Unit:
For buyers based abroad, below is our simplified procedures for purchasing a unit:

  1. Buyer selects an available unit in coordination with our sales staff
  2. A Pro-forma document is prepared by our office that details the unit, price and payment terms. This pro-forma is then sent to the buyer.
  3. If buyer is agreeable to the terms, dates and amounts specified in the pro-forma, buyer remits a P50,000 reservation fee (or its equivalent in foreign currency) to hold the unit in his or her behalf. See instructions below for details on how to go about remittance.
  4. Once amount is received by our company, Century Communities, we shall hold the unit for you. A Reservation Agreement and Buyer's information sheet are then sent to the buyer.
  5. Buyers then signs on the reservation agreement and fills up all data in the buyer's information sheet. These documents must then be FEDEXed back to Century Communities for proper notarization and recording.
Buyers based abroad can send their payments via bank transfer. Century Communities maintains both dollar and Peso accounts.
WHERE TO REMIT PAYMENTS:
FOR CLIENTS BASED IN THE UNITED STATES :

OPTION 1: We strongly recommend that our US-based clients send their payments to Century Communities via remit home, a web-based remittance service that offers a secure, reliable and affordable way to send money from the US to the Philippines . With remit home, you can make your payments from your home or office or from any computer with internet access. You can even schedule your payments to be made automatically every month, so you will never have to worry about forgetting monthly amortizations and fees are even lower when you schedule your payments as recurring transfers!

For a detailed step-by-step guide on how to use remit home to send payments to Century Communities, click here. You will need Adobe Acrobat reader 6 to view this file.

After viewing above instructions, log on to www.remithome.com


OPTION 2 : Use official bank-to-bank wire transfer methods. Please follow the steps below:

1) Go to your local bank
2) Apply for a telegraphic fund transfer to be sent to any one of our banks below
3) Pay the amount to be transferred plus bank charges
4) Get a copy of the duly accomplished fund transfer form from the bank
5) Send a copy of this telegraphic transfer form to Century Communities Corp. via fax or an e-mail scanned copy
6) Advise CCC agent/coordinator of the remittance made

Accredited Banks:

- 1 -
Bank: Philippine National Bank
Branch: Gil Puyat
Address:

G/F Petron Plaza Sen. Gil Puyat Avenue, Makati City, Phils.

Account Name: Century Communities Corp.
Account No.: Phil. Pesos SA No. 265-601298-9
Swifft Code: PNBMTHMM
Telephone No.: (632) 886-3377
Attention: Ms. Marie Dimaano
Incoming Charges: US$ 5.50
- 2 -
Bank: Equitable PCI Bank
Branch: Pacific Star
Address:

G/F Pacific Star Bldg. Sen. Gil Puyat corner Makati Avenues, Makati City , Phils .

Account Name: Century Communities Corp.
Account No.: 2279-01077-1
Swifft Code: PCIB PHMM
Telephone No.: (632) 811-5939 / (632) 811-5225
Attention: Tony Fortunato
Incoming Charges: $10 bank correspondence, 1/8 of 1% (.00125) of amount over $10,000
- 3 -
Bank: RIZAL COMMERCIAL BANKING CORP.
Branch: Ayala Ave.
Address:

Ground Floor Yuchengco Tower 1, RCBC Plaza Ayala Ave. Makati City

Account Name: Century Communities Corp.
Account No.: 3-001-01290-7
Swifft Code: RCBC PHMM
Telephone No.: (632) 894-9082 / (632) 878-3307
Attention: Ms. Maj T. Dellosa
Senior Personal Banker
Incoming Charges: A fixed charge of $5.00 for remittance $8,000 and below, 1/16 of 1% incoming charge for remittance over $8,000

Additional information for bank remittances:

  • Monthly dollar payments should be remitted to our accredited banks, which shall then be converted to pesos at the exchange rate of the day the amounts are received by the bank.
  • The amount credited towards the purchase of the unit shall be the net amount received by our company, after bank charges for remittances.
  • To make sure that Century receives the proper amount, pls add $5.50 for Philippine telegraphic transfer charges and any other amount that your bank may charge you (ranges from $5-$15 depending on your bank).
  • Kindly send us a confirmation receipt once bank transfers monies already, so that we may monitor the incoming transfer. You can fax us the confirmation receipt at 632-811-5588.
  • Should there are any differences in the dollar-peso exchange rate, any over or under payment will be reconciled at the last payment (for example, month 60 in the case of Soho Central).

OPTION 3 : If you are unable to utilize any of the above options, the option of last resort will be to use other Fund Couriers like PNB Remittance Centers, OFW Remittance Services, LBC Mundial Corp., Rapid Remittance Services, Samba Speed Cash and Phil . Remittance Ltd. When utilizing courier services, please follow the instructions below:

  1. Send payment direct (door-to-door) to the following address:

    Century Communities Corporation
    21/F Pacific Star Bldg,
    Sen. Gil Puyat Avenue,
    Makati City , Philippines 1200
    Attention: Mr. TROY PARUNGAO
  2. Quote your name as Sender
  3. Get a written proof of remittance from fund courier and fax it to us.
  4. If using courier services above, fund transfers should be made on a door-to-door basis to the address above, NOT to our bank accounts. Banks do not notify us of the sender's details if monies are sent via courier. If funds are sent to our bank accounts using the above courier services, there is a strong chance that your payments will go unidentified for several weeks. If payments are unidentified, then your unit will not be credited for the amount you sent.

 

FOR CLIENTS OUTSIDE THE UNITED STATES :

OPTION 1 : Use official bank-to-bank wire transfer methods. Please follow the steps below:

1) Go to your local bank
2) Apply for a telegraphic fund transfer to be sent to any one of our banks below
3) Pay the amount to be transferred plus bank charges
4) Get a copy of the duly accomplished fund transfer form from the bank
5) Send a copy of this telegraphic transfer form to Century Communities Corp. via fax or an e-mail scanned copy
6) Advise CCC agent/coordinator of the remittance made


Accredited Banks:

- 1 -
Bank: Philippine National Bank
Branch: Gil Puyat
Address:

G/F Petron Plaza Sen. Gil Puyat Avenue, Makati City, Phils.

Account Name: Century Communities Corp.
Account No.: Phil. Pesos SA No. 265-601298-9
Swifft Code: PNBMTHMM
Telephone No.: (632) 886-3377
Attention: Ms. Marie Dimaano
Incoming Charges: US$ 5.50
- 2 -
Bank: Equitable PCI Bank
Branch: Pacific Star
Address:

G/F Pacific Star Bldg. Sen. Gil Puyat corner Makati Avenues, Makati City , Phils .

Account Name: Century Communities Corp.
Account No.: 2279-01077-1
Swifft Code: PCIB PHMM
Telephone No.: (632) 811-5939 / (632) 811-5225
Attention: Tony Fortunato
Incoming Charges: $10 bank correspondence, 1/8 of 1% (.00125) of amount over $10,000
- 3 -
Bank: RIZAL COMMERCIAL BANKING CORP.
Branch: Ayala Ave.
Address:

Ground Floor Yuchengco Tower 1, RCBC Plaza Ayala Ave. Makati City

Account Name: Century Communities Corp.
Account No.: 3-001-01290-7
Swifft Code: RCBC PHMM
Telephone No.: (632) 894-9082 / (632) 878-3307
Attention: Ms. Maj T. Dellosa
Senior Personal Banker
Incoming Charges: A fixed charge of $5.00 for remittance $8,000 and below, 1/16 of 1% incoming charge for remittance over $8,000

Additional information for bank remittances:

  • Monthly dollar payments should be remitted to our accredited banks, which shall then be converted to pesos at the exchange rate of the day the amounts are received by the bank.
  • The amount credited towards the purchase of the unit shall be the net amount received by our company, after bank charges for remittances.
  • To make sure that Century receives the proper amount, pls add $5.50 for Philippine telegraphic transfer charges and any other amount that your bank may charge you (ranges from $5-$15 depending on your bank).
  • Kindly send us a confirmation receipt once bank transfers monies already, so that we may monitor the incoming transfer. You can fax us the confirmation receipt at 632-811-5588.
  • Should there are any differences in the dollar-peso exchange rate, any over or under payment will be reconciled at the last payment (for example, month 60 in the case of Soho Central).

 

OPTION 2 : If you are unable to utilize any of the above options, the option of last resort will be to use other Fund Couriers like PNB Remittance Centers, OFW Remittance Services, LBC Mundial Corp., Rapid Remittance Services, Samba Speed Cash and Phil . Remittance Ltd. When utilizing courier services, please follow the instructions below:

  1. Send payment direct (door-to-door) to the following address:

    Century Communities Corporation
    21/F Pacific Star Bldg,
    Sen. Gil Puyat Avenue,
    Makati City , Philippines 1200
    Attention: Mr. TROY PARUNGAO
  2. Quote your name as Sender
  3. Get a written proof of remittance from fund courier and fax it to us.
  4. If using courier services above, fund transfers should be made on a door-to-door basis to the address above, NOT to our bank accounts. Banks do not notify us of the sender's details if monies are sent via courier. If funds are sent to our bank accounts using the above courier services, there is a strong chance that your payments will go unidentified for several weeks. If payments are unidentified, then your unit will not be credited for the amount you sent.
 

Filipinos Abroad:
Filipinos away from home who want to invest their money in real estate would do well in familiarizing themselves with the laws that govern land acquisition in the Philippines as stated in the Constitution. There is no better way to secure a bright future than to have a place of your own here at home. Here are some facts that you will need to know before you proceed with any transaction and buy your dream house in the Philippines.

  • Only Filipino citizens and corporations and associations at least 60% of whose capital is owned by Filipinos may acquire private lands.
  • Foreigners are allowed to purchase a condominium unit, provided that total foreign ownership of the condominium corporation does not exceed 40 %. They may also inherit real property from their deceased Filipino spouses or parents.
  • Children born to a Filipino parent, whether legitimate or illegitimate, may inherit the property of the Filipino parent, even if the child is not a Filipino citizen.

Filipinos who lost their Filipino citizenship will remain the owners of any property they have acquired before changing nationalities. A natural-born Filipino citizen who has lost his Philippine citizenship may be a transferee of private land up to a maximum of 5,000 square meters in the case of urban land or three (3) hectares in the case of rural land. In case he already owns urban or rural land, he shall still be entitled to be a transferee of additional urban or rural land, provided that when these are added to those already owned by him, the aggregate area shall not exceed the said maximum areas.

Owning property in the Philippines can be the wisest investment anyone can make. No matter where you fly, there will come a time when you will want to go back to your roots or introduce loved ones from foreign lands to the beauty of the Philippines. Find the best location that will suit your lifestyle and budget.

Viewing of Model Units:
If you have relatives or friends here in the Philippines and you want them to see the model unit on your behalf, kindly give them our contact no. and we will schedule them for site viewing.

Pricing of re-opened units :
All new sales of re-opened units in SOHO CENTRAL shall be payable as follows:

  1. 50% payable in 30 months
  2. 50% payable upon turnover
All sales should be covered by post-dated checks.
 

More Information:
Should you have more queries, please feel free to contact TROY PARUNGAO at mobile no. +63 919 606-5100 or visit our Contact Page.

Again, thank you for your continued interest in Soho Central. We look forward to serving you in the near future.

This FAQ is subject to alteration without prior notice | Copyright © 2004, Century Properties, Inc. All rights reserved.