Back to Circuit Makati Genral Information
Reserving a property at Ayala Land's Circuit Makati
STEP 1: INITIAL INQUIRY
1. Contact a Property Specialist or Broker: Reach out to an authorized Ayala Land representative, broker, or sales agent specializing in Circuit Makati properties (e.g., Avida Towers Circuit or Callisto by Alveo). Discuss your property preferences, such as unit type, size, and budget.
2. Schedule a Property Viewing: Visit the site or model units at Circuit Makati to better understand the layout, amenities, and location.
STEP 2: CHOOSE YOUR UNIT
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Unit Selection: Select your preferred unit based on availability, view, floor level, and price. Discuss specific details like payment terms, turnover schedules, and applicable discounts or promos.
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Request the Updated Inventory: Verify if your chosen unit is still available and request a unit reservation form.
STEP 3: RESERVE THE UNIT
- Prepare Reservation Documents:
· Valid ID: Provide at least two government-issued IDs (passport, driver’s license, etc.).
· Taxpayer Identification Number (TIN): Required for the transaction.
· Proof of Income: May be needed for financing applications.
· Signed Reservation Agreement Form: This form contains the details of the property and your payment terms.
- Pay the Reservation Fee: The reservation fee typically ranges from ₱20,000 to ₱50,000, depending on the property and developer. Confirm the exact amount with your agent.
Payments can usually be made via:
· Check
· Credit card
· Bank transfer
· In-person payment at an Ayala Land office or partner bank.
STEP 4: SUBMIT REQUIRED DOCUMENTS
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Submit All Necessary Paperwork: Along with the reservation agreement, submit required identification and proof of income. If applicable, provide a copy of your Special Power of Attorney (SPA) if someone else is reserving on your behalf.
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Confirm Payment Receipt: After payment, secure an official receipt for the reservation fee.
STEP 5: REVIEW PAYMENT TERMS
- Choose a Payment Plan: Work with your agent to determine the best payment option, such as:
· Spot Cash
· Staggered Downpayment (installments)
· Bank Financing (mortgage loan)
Understand the payment schedule for down payments and monthly amortizations.
- Get Pre-Approval for Financing (If Needed): For bank financing, get pre-approved to ensure eligibility for the loan amount required.
STEP 6: FINALIZE THE RESERVATION
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Acknowledgment: Once the reservation fee is paid and documents are submitted, the developer will confirm the reservation of your unit. You will receive a reservation confirmation letter or acknowledgment receipt.
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Prepare for Downpayment and Contract to Sell: Within a few weeks of reserving, you’ll need to pay the initial downpayment and sign the Contract to Sell (CTS). The reservation fee is usually deductible from the total purchase price.
STEP 7: MONITOR YOUR PURCHASE
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Track Payments: Stay on schedule with your downpayment and monthly amortizations to avoid penalties or cancellation.
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Prepare for Turnover: As the unit nears completion, you will be notified of the turnover date and requirements.
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