Liens, Encumbrances and Restrictions:
The Project shall be subject to or in compliance with the: (i) Master Deed with Declaration of Restrictions executed by the Developer, and the rules and regulations of the Condominium Corporation; and (ii) Applicable provisions of the City Zoning Ordinance of the City of Manila, Presidential Decree No. 1096 (National Building Code), Presidential Decree 957 (Subdivision and Condominium Buyers Protective Decree), Republic Act No. 4726 (The Condominium Act of the Philippines), and other related laws, rules and regulations .
| One-Time | ||
| Tax/ Fees | Estimated Cost | Assessed by and Payable To; |
| (based on current rates) | When Payable | |
| Value Added Tax (VAT) | 12.00% of the Purchase | Bureau of Internal Revenue |
| Price | (BIR) | |
| Documentary Stamps Tax | 1.50% of the Purchase | BIR; payable upon execution of |
| (DST) | Price | the Deed of Absolute Sale. |
| Transfer Tax | 0.75% of the Market | Value or the Purchase |
| Price, whichever is higher | ||
| City of Manila; payable upon | ||
| execution of the Deed of | ||
| Absolute Sale. | ||
| Registration Fee | Based on the table of | Registry of Deeds for the City of |
| rates, approximately 0.5% | Manila; payable upon execution | |
| of the Purchase Price | of the Deed of Absolute Sale. | |
| Tax Declaration Transfer | P200/unit | City of Manila; payable upon |
| Fee | execution of the Deed of | |
| Absolute Sale. | ||
| Recurring | ||
| Tax/ Fees | Estimated Cost | Assessed by and Payable To |
| (based on current rates) | ||
| Yearly Real Estate Tax | 0.025% of Market Value | City of Manila |
| or Purchase Price, whichever is higher | ||
| One-Time | ||
| Assessment | Estimated Cost | Assessed by and Payable To |
| (based on current rates) | ||
| Condominium | To be determined by the | Developer |
| Corporation | Condominium Corporation at a | |
| Membership Fee | later date. Current charges are | |
| estimated at around P150- | ||
| P210 / square meter | ||
| Cost of Utilities’s | To be determined at a later | Utility Companies , in case |
| Individual Meters | date | of advances |
| Miscellaneous Fees | Approx. 1.5% of the Purchase | Developer |
| Price | ||
| Recurring | ||
| Assessment | Estimated Cost | Assessed by and Payable To |
| (based on current rates) | ||
| Monthly Association | To be determined by the | Developer |
| Dues | Condominium Corporation at a | |
| later date. Current charges for | ||
| similar projects are at P50-70/ | ||
| square meter/ month | ||
| Yearly Insurance on | To be determined by the | Developer |
| Common Areas | Condominium Corporation at a | |
| later date. | ||
DISCLAIMERS/ NOTES:
The amounts, rates, and figures stated above are mere estimates based on existing laws, ordinances, rules and regulations, and rates of similar condominium projects located within the City of Manila or the vicinity of the Project. These amounts, rates and figures are subject to change depending on the applicable circumstances and whenever concerned government Agencies or authorities impose new rates or taxes/ fees.
All amounts indicated herein are in Philippine Peso currency, unless otherwise stated. This Information Sheet merely serves to provide interested/ potential parties information on other expenses not included in developers property price computation, including all liens, restrictions, taxes, assessments, restrictions and estimates of utility costs.