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Manila Condo Store

MANILA CONDO STORE

Your one-stop shop for the best condominium Manila has to offer

SMDC Reservation and Buying Procedures

Ready to invest? Reserve now.

Thank you for your interest to our listing. As real estate professionals, we will see to it that you will get personalized service you deserve. You will also get fast responses to questions you may have. We will guide you step-by-step on your purchase.
SMDC Buying Procedures Manila Condo Store

Step 1 | Choose your unit and payment term

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Choose condo unit/s you wish to purchase. This is after you have browsed some information from this website and have communicated with us concerning a specific condominium project. 

We will prepare computation based on your desired unit. You may also request for special payment term. 

Step 2 | Sign the reservation forms

Once we verified the availability of your desired unit and you have decided on the payment term, you may now accomplish the reservation forms. Click here to download forms »

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You are then requested to send the forms with your signature through email attachment (kindly email to: manilacondostore@gmail.com). Please note that this online processing of documents is for the purpose of reservation only. The Reservation Agreement will be signed by SM Development Corporation (SMDC) as your preliminary contract. This will make the developer keep the condo unit in your name for thirty (30) days while completing your requirements to purchase.

Step 3 | Pay reservation fee

Modes of payment for Philippine-based buyer/s
  • Cash, Check or Credit card
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Modes of payment for overseas-based buyer/s

  • Bank Remittance
  • BDO Remit & Remittance Partners
  • Wire Transfer

Kindly use the details below when making your payment.
  • SM Development Corporation (SMDC)

Office Address: 15/F Two E-com Center, Harbor Drive, Mall of Asia Complex, Pasay City, PH 1300

Bank and Branch: Banco De Oro - One Ecom Center, Mall of Asia

Account Number: 006280113239

Swift Bank Identifier Code: BNORPHMM

Note: For Air, Berkeley, BloomBlue, Breeze, CharmCoast, Cool Suites, Fame, FernField, Grace, Grass, HillJazz, Light, Lush, Mezza, MPlace, Princeton, RedSSea, Shell, Shine, Shore, Shore2, Shore3Spring, Sun, Vine and Wind Residences.

  • Vancouver Lands, Inc. (VLI)
Office Address: 23/F Galleria Corporate, Ortigas Avenue, Quezon City, PH 1109 
Account Number: BDO Savings 006280271942
Note: For Trees and Green 2 Residences only.
  • Twenty Two Forty One Properties, Inc. (2241)
Office Address: Ganare Building, 2241 Taft Avenue, Malate, Manila City, PH 1004
Account Number: BDO Savings 0062801050244
Note: For Green 1 Residences only.
  •  SM Prime Holdings, Inc.
Office Address:
Note: For Cheer and South Residences.

Step 4 Submission of requirements

To complete your reservation, the following documents must be submitted within thirty (30) days.

INDIVIDUAL BUYER

  • Duly filled-out and signed Reservation Forms
  • Proof of paid reservation fee (If payment is made through online banking, bills payment or remittance)
  • Scanned copy or photocopy of passport or any valid government issued IDs with legible signature (for all names appearing in the Reservation Forms & Contract)
  • TIN and/or duly filled-out and signed BIR Form 1904 (for all names appearing in the Reservation Forms & Contract) 

  • Two (2) original copies of Notarized or Consularized Special Power of Attorney (SPA) (applicable to buyers based abroad)

  • Proof of Income (applicable to buyers with balance payable through bank financing)

If Locally Employed, one of the following:

  • Copy of latest Income Tax Return (ITR)
  • Original Certificate of Employment with position and compensation
  • Copy of latest 2 months pay slips
  • Copy of latest 3 months bank statement (should be where the payroll is credited)

If Self-Employed or Business Owner, one of the following:

  • Copy of Income Tax Return
  • Copy of Business Registration
  • Copy of latest 3 months bank statement (should be where the monthly income is deposited)

If Overseas Filipino Worker (OFW),  one of the following:

  • Copy of Certificate of Employment or Contract
  • Copy of latest 2 months pay slips
  • Copy of latest 3 months proof of remittance or allotment slips
  • Copy of latest 3 months bank statement (should be where allotment is deposited)

CORPORATE / PARTNERSHIP / ASSOCIATION

  • Duly filled-out and signed Reservation Forms
  • Proof of paid reservation fee (If payment is made through online banking, bills payment or remittance)
  • Scanned copy or photocopy of passport or any valid government issued IDs with legible signature of the authorized officer
  • Two (2) certified true copies of SEC Certificate of Registration
  • Two (2) certified true copies of  Articles of Incorporation
  • Two (2) certified true copies of  By-Laws 
  • Duly filled-out and signed BIR Form 1903 or 2303
  • Two original copies of notarized Board Resolution or Secretary's Certificate authorizing the purchase of the specified condo unit and parking slot and; designation and appointing the officer authorized to sign any and all documents in behalf of the corporation
  • Latest Community Tax Certificate of the corporation 

Step 5 Down payment and Monthly Amortization

After paying the reservation fee and submission of complete requirements, SM Development Corporation (SMDC) shall be sending through email your Schedule of Payment (SOP) with due dates and amounts. Prepare to pay your monthly amortizations according to the date and amount of your SOP through post dated checks. After checks have been prepared, submit them to SMDC. Please request for a pick-up arrangement from us.


Other modes of payment:

  • BDO Automatic Debit
  • BDO Online Payment
  • BDO Bills Payment
  • Direct Remittance (BDO Remit Offices and Remittance Centers)

Step 6 Contract to Sell (CTS)

The Contract To Sell will be processed once you paid at least 5% of the total amount payable provided all necessary documents have been submitted to SMDC. We will send the original contract papers to you through SMDC's accredited courier.


When you receive the original documents and after reading and affixing your signatures on the contract, you are requested to send them back to SMDC two weeks after receipt.


After receiving the signed original contracts from you, these documents will be handed over to SMDC who will affix their signature/s and then have these documents notarized by a lawyer. You can then expect to receive a copy of the notarized contract.

Step 7 Financing

Turnover balance is payable through lump sum or external financing-commercial bank. We will personally assist you in securing home loan approval. Click here to learn more »

Step 8 | Punch list and Unit turnover

When the full payment has been cleared or bank loan has been released, you will be issued a Notice of Acceptance through email and mail. You will then be endorsed to Buyers Turnover Personnel so you can inspect your unit.

SM DEVELOPMENT CORPORATION SMDC RESERVATION AND BUYING PROCEDURES BY MANILA CONDO STORE

MANILA CONDO STORE

Manila Condo Store

SMDC RESERVATION / BUYING PROCEDURES