1. Where are the projects of ACM located?
2. What types of houses are available at ACM?
3. What are the financing options available?
For qualified buyers, there is Pag-ibig, bank financing and provident fund financing options. ACM also has affordable in-house financing schemes as well as discounts for cash buyers. Click here to learn more.
4. How much is the reservation fee? Does this go toward the down payment?
The reservation fee ranges from ten thousand pesos (Php 10,000.00) to thirty thousand pesos (Php 30,000.00) depending on the total contract price.
Yes. The reservation fee will be deducted from the down payment.
5. What are the documents required to purchase property?
The documents needed to purchase property are as follows:
a. Certificate of Employment & Compensation (original and notarized-for locally employed)
b. Latest Pay slips (original – for locally employed)
c. ITR (latest 2 yrs.)
d. I.D. Picture
e. Special Power of Attorney if applicable
6. What are the documents needed if I am self-employed?
If self-employed these are the documents needed to purchase property:
a. Latest audited financial statement (2 years)
b. Bank statements (6 months)
c. SEC Registration
d. DTI Registration
7. Are there special documents or requirements needed for Overseas Filipino Workers?
If an Overseas Filipino Worker, you need to submit the following documents:
a. Original Employment Contract
b. I.D. Picture
c. Special Power of Attorney if applicable
8. Can a foreigner or a Filipino with foreign citizenship own property?
Under the Philippine law, a foreigner cannot own a house and lot property, not unless he or she is married to a Filipina / Filipino in which case they can acquire a property with the accomplishment of the required Affidavit of Waiver.
If you are a Filipino with foreign citizenship, all you need to do is to accomplish the required Affidavit of Former Filipino Citizenship to be able to own a house and lot property in the Philippines.
Click here to visit Philippine Retirement Authority website
9. Where do I make mortgage payments if availing of ACM's in-house financing?
Mortgage payments can be made at the ACM office in Makati and on-site marketing offices, look for the authorized cashier.
10. After purchasing a house, how long will construction take?
When the necessary documents have been accomplished and processed and when the buyer has paid at least 50% of down payment, construction starts and will take about 3 to 4 months depending on the units purchased.
11. Are houses ready for occupancy? What is the move-in condition?
Houses will be ready for occupancy three to four months upon completion of all requirements and upon take-out if it is a Pag-ibig account. If it is an in-house account, the buyer should have paid the full 30% equity and issued post dated checks for the whole term of the loan before moving in. The housing units are generally complete and ready to be occupied on turnover.
12. What are the documents needed for the turnover of my new home?
Before the unit is turned over to the buyer, he needs to do the following:
a. Attend the move-in seminar, given 7 days after take-out of account.
b. Inspect the unit after 7 days but not later than 14 days from the day he attended the move-in seminar.
c. Sign the House Acceptance not later than 7 days upon receiving the move-in clearance.
13. What is the procedure for obtaining utilities (electrical power, water, telephone, etc.)?
After attending the move-in seminar, fill up the application for water service connection and MERALCO power connection. ACM will be responsible for filing all applications necessary to install water and electrical facilities.
14. When will I get the title to the property?
Title to the property is turned over to the buyer as soon as he or she has fully paid for the total purchase price. In the case of end-buyer financing, title is transferred once the buyer has fully paid his or her loan.
15. What are the restrictions on alterations / extensions / add-ons / or customization?
A deed of restriction is given to the buyer before moving-in where all the restrictions on alterations and extensions are stated. All plans and applications for alterations and extensions to the house should go through ACM for approval.
16. Is there association dues paid? Is there 24 hour security in the subdivision? Who pays for security service?
Once a homeowner's association is in place, and the subdivision is turned over to them, dues as approved by the association will be required for the maintenance of the facilities, garbage collection and security services.
ACM maintains a Site Management Group responsible for supporting and assisting the homeowners' associations in carrying out their functions.
17. What are the lifestyle features in your subdivisions?
Lifestyle features in our subdivisions vary from a multi-purpose hall, a basketball court, a swimming pool and fully landscaped parks depending on the project. For detailed info please click here.
18. How do I use the facilities of the development?
All the legal homeowners of the development have the right to use the facilities depending on the policies of the homeowner's association if any.
19. If I have any queries about the property I bought, who do I contact?
If you have any queries about the housing unit you bought we have our customer care center which you can call during office hours. Please call (632) 840-3020 local 109, look for Ophie or call 0917-880-7583.