What are the requirements to buy a condo in the Philippines?

requirements in buying condo Philippines

Want to know the requirements to buy a condo in the Philippines ? Here’s a comprehensive list for the reservation and subsequent steps to buy a condo in the Philippines:

Reservation Requirements

  1. Reservation Fee Can be paid in cash, cheque, online, or credit card.
  2. Signed Reservation Documents Including the reservation agreement, buyer’s information sheet, and payment terms sheet.
  3. Buyer’s Photo A screenshot or photo of the buyer.
  4. Government-Issued IDs Two IDs with the buyer’s signature and photo.
  5. Proof of Tax Identification Number (TIN)
  6. Passport

To Follow Within 30 Days

  1. Marriage Certificate If applicable.
  2. Proof of Billing Document confirming your current address.
  3. Proof of Income Documents Such as employment certificates, pay stubs, or tax returns.
  4. Post-Dated Checks (PDCs) Typically used for down payments and subsequent monthly payments.
  5. Special Power of Attorney (SPA) If needed, authorizing someone else to act on your behalf.

Important Notes

  1. The reservation fee is non-refundable and non-transferable, so ensure your decision is final before making this payment.
  2. The recipient stated on the cheque should be the developer.

These requirements to buy a condo in the Philippines is based on HTland Inc requirements in buying Mandani Bay condo units.

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