STEP BY STEP GUIDE AFTER THE UNIT RESERVATION STAGE
STEP 1:
• After your payments and documents have
been submitted to the SMDC head office,
SMDC shall be sending via snail mail or
email your
FINAL PAYMENT SCHEDULE or SOP
(with due dates and amounts)
• Begin to prepare to pay your Monthly
Amortizations according to the amount and
schedule of your SOP via post dated checks
or direct remittance.
NOTE: We suggest to deposit / remit a few days
before the due date to avoid clearing issues.
If your payment is via post dated checks, go
to STEP 1.A.
If your payment is via direct remittance, go
to STEP 1.B.
STEP 1.A
VIA POST DATED CHECKS
•
You may open a Philippine Checking
Account, if you do not have one
already, while waiting for the SOP from
SMDC
(see slides 4 to 7 for guide)
• In the event that Checking Account is
still in process and payments are
already due, remit monthly
amortizations directly to SMDC via
Direct Remittance (see STEP 1.B for the
procedure and SMDC account details)
until your checks are ready.
• After your checks have been prepared,
submit them to SMDC. Please request
for a pick-up arrangement from your
IPS.
TIMING of SOP RELEASE: 2 - 3 Weeks after
Reservation fee payment and completion of
Reservation documents
To STEP 2
To STEP 1.B
STEP BY STEP GUIDE AFTER THE UNIT RESERVATION STAGE
STEP 1.B
VIA DIRECT REMITTANCE
•
Remit / Deposit (through any exchange
center) your monthly payments (a few
days before the due date) directly to
SMDC with details as follows:
For ALL PROJECTS, except GREEN
ACCT NAME: SM DEVELOPMENT CORPORATION
BANK: BANCO DE ORO
BRANCH: ONE ECOM BRANCH
ACCT. NO: 006-280-113-239
(for remittances only, for local deposits, use bills payment
facility)
For GREEN RESIDENCES
ACCT. NAME: TWENTY TWO FORTY ONE PROPERTIES, INC.
BANK: BANCO DE ORO
BRANCH: ONE ECOM BRANCH
ACCT. NO: 628-010-5244
(for remittances only, for local deposits, use bills payment
facility)
Scan the remittance receipt and email to
all addresses below:
1. cashops.bankrem@smdevelopment.com
2. jennica.batacan@smpropertysales.com
3. edessa.montano@smpropertysales.com
•
To STEP 2
STEP BY STEP GUIDE AFTER THE UNIT RESERVATION STAGE
STEP 2:
• After the
monthly amortization has been
paid, SMDC will prepare and mail / parcel your
Contract To Sell
1st
TIMING: 3 - 4 Weeks after the payment of the 1st
monthly amortization
STEP 4:
• Sign and consularize the Contract To Sell (if
signed outside the Philippines)
• SMDC will arrange for a pick up of the
Contract To Sell after notarization from your
preferred address
STEP 5:
• Wait for the client’s copy of the Contract To
Sell after SMDC signatories have signed and
notarized the document
TIMING: 5 - 6 Months after return of the Contract To
Sell to SMDC
NOTE : This document is a seller
initiated purchase guide, SMDC
management still has the final
decision on timings and policy
adjustments. Items on this guide,
therefore, are subject to change
without prior notice and may vary
from client to client.
GUIDE TO OPENING A BDO ASENSO KABAYAN CHECKING ACCOUNT
(to use exclusively for your SMDC property)
INITIAL DEPOSIT: Php5,000 + Php175 (cost of checkbook) = Php5,175.00
STEP 1: Complete the following forms and requirements:
-
BDO Client Information Sheet (see next page)
BDO Authorization Letter to Deduct (see next page)
2 Valid IDs (with signature)
2 pieces 1X1 photos
STEP 2: Submit original signed forms, ID picture and copies of IDs to SMDC.
Email your IPS for a pick up arrangement.
STEP 3: SMDC will process the checking account with BDO wherein BDO will
nominate your personal account number (timing: approx 2-3 weeks)
STEP 4: Directly remit Php5,175.00 to the account number assigned to you.
STEP 5: Scan and email proof of remittance (Php 5,175.00) to SMDC
STEP 4: Checkbook will be delivered to your mailing address for your
convenience (timing: approx 2-3 weeks)
BDO Authorization Letter to Deduct (sign both)
BDO Client Information Sheet
GUIDE TO OPENING A BPI OR METROBANK CHECKING ACCOUNT
FOR METROBANK or BPI CHECKING ACCOUNT
(open to use for any transaction)
For Metrobank, please contact Mr. Filip Vicente, Metrobank Abu Dhabi or
Dubai, UAE at +97155-3350549.
For BPI, please contact Mr. Niel Castro, BPI Abu Dhabi or Dubai, UAE at
+97150-4115931