South Residences - SMDC Condo Homes For Sale near SM Southmall Las Pinas City
South Residences is a four-tower SMDC condo homes for sale near SM Southmall Las Pinas City. A five-star condo home living in a 1 or 2 bedroom spaces with very accessible location, South Residences is perfect for investors or those seeking a home for themselves. Walking distance to taxi, bus and jeepney stop. Few step is the supermarket, fast food, dining and shopping center. Best schools are just few minutes ride or drive.
This is a excellent opportunity to purchase a home and investment with potential income in this popular neighborhood, so don’t delay, make an appointment to viewing today! Call/Text/Viber +63917 512 5475 NOW! Or email inquire@condohomesbysmdc.com
South Residences – Project Brief
| Project Brief | South Residences |
| Location | SM Southmall, Alabang-Zapote Road, Almanza, Las Pinas City |
| Developer | SM Prime Holdings, Inc. |
| Track Record | 37 yrs (since 1977) |
| HLURB LTS No. | 31618 |
| Land Area | 7 Hectares |
| No. of Buildings | 4 |
| Floors per building | 15 Floors |
| No. of Units | 5,709 |
| Parking Areas | Total Slot: 1,535 (Basement, Ground floor and Commercial) |
| Unit Turn-over | Complete Finish |
| Unit Type Offered | Studio 1 Bedroom Unit 1 Bedroom Unit with Balcony 2 Bedroom Unit with Balcony |
| Completion Date | T1 & T2 March 2018 | T3 & T4 June 2019 |
Top Reason To Invest in South Residences
1
A Smarter Choice For Investors
South Residences is located in a prime location. It can bring a premium on resell price or monthly rental thru SMDC Leasing services.
2
Affordable Prices with Flexible Payment Terms
Compare price and payment terms with condo listings nearby. SMDC is 2017 Best Affordable Condo awardee.
3
Professional Property Management
Ensuring that the complex is safe, your space well maintained and the amenities well kept so your property stays a good investment for years to come. The team is also ready to help you lease out your property if you want to start getting returns on your investment.
4
Trusted and Award Winning Developer
SM Development Corporation (SMDC) is one of the Top Ten Developers in Asia and the Philippines. Reader Digest’ Trusted Brand Awardee since 2012. Best in Residential Landscape Architecture and Highly Commended Residential High-Rise Development Philippines to name a few. Read more in https://smdc.com/about-us
5
A 5-Star Features and Amenities
Experience a wonderful arrival each time you walk through the doors of the elegant grand and lobby.
6
Highly Accessible & Ideal Location
With SM Southmall just a few steps away, enjoy the convenience of being close to everything that you will ever need. Schools, hospitals, church and government offices are just few minutes away.
South Residences Unit Price Sample Computation
Important Reminder
- Prices may vary depending on the unit area, floor level and view.
- The product is sold per unit and not per sq.m.
- Prices and unit availability are subject to change without prior notice.
- Prices may have increased by the time you see our site, chat with us for an updated computation of your desired unit.
- Please note that this file does not constitute nor form part of any contract and is for information purposes only.
How to Pay - South Residences
You can pay the down payment or spot payment thru any of the following:
- Post dated Checks
- Auto Debit Arrangement
- Bills Payment
- Bank Remittance
While pay bank amortization thru:
- Auto Debit arrangement
- Post Dated checks
Choose from the following mode of payment:
- Spot Cash
- Deferred Payment
- Spread downpayment, balance payable in cash or loanable to Bank (for NON-RFO units only)
- Easy Payment Scheme – balance payable in cash or loanable to Bank (for NON-RFO units only)
Bank Financing Requirements
- INITIAL REQUIREMENTS WHEN RESERVING A UNIT
- Reservation Agreement (RA)
- Dully filled-out and signed Buyer’s Information Sheet (BIS).
- Signed Schedule of Payment (Computation Sheet)
- Reservation Fee (Choose one – Cash; Dated Check; Credit Card/Debit Card; Bills Payment or Proof of Remittance for International Sales)
ADDITIONAL REQUIREMENTS – Upon Reservation
- For Corporate Buyer – BIR 1903 / 2303 (Validated by BIR)
- For Foreign Buyers with balance which be paid thru bank financing – Waiver
- For Individual buyer with payment schemes of total payments within the year of sale – BIR 1904
- Spot Cash
- Spot Deferred Cash whose payment term forecasted to reach 25% of total payments within the year of sale.
- The Buyers TIN shall be validated to ensure that creditable Withholding Taxes (CWT) will be paid promptly and the account of the correct party.
Click here for complete information about Bank Financing Loan Requirements »
How to Buy -South Residences
- Inquire about the price, mode of payments and requirements
- Visit unit model at our showroom. Viewing assistance is free.
- Fill up forms and pay reservation fee
- Pay your down payment 30 days after reservation date.
- Prepare to submit required documents within specified time
- Loan Approval and take-out
- Unit Inspection
- Unit Turn-over
South Residences- Unit Floor Plan and Price Sample Computation
One Bedroom Unit With Balcony BB
Two Bedroom Unit With Balcony
South Residences - Unit Materials & Finishes
Living & Dining
| Wall: | Painted Cement Finish |
| Floor: | Homogeneous Tiles |
| Main Door: | Wood Laminated Door with Lever Type Lockset |
Bedroom
| Wall: | Painted Cement Finish |
| Floor: | Homogeneous Tiles |
| Partition: | Sliding Glass on Laminated Frame (1-BR); Laminated Wood Door (2-BR) |
Balcony
| Wall: | Painted Cement Finish |
| Floor: | Ceramic Tiles |
Toilet & Bath
| Wall: | Wall Tiles and Painted Finish |
| Floor: | Ceramic Tiles |
| Door: | Laminated Wood Door with Cylinder Type Lockset |
Kitchen
| Wall: | Painted Cement Finish |
| Floor: | Homogeneous Tiles |
| Countertop: | Granite Finish |
| Kitchen Cabinet: | Laminated Wood Grain Finish |
South Residences Site Development Map
Amenities and Facilities in South Residences
- Swimming Pools (Adult and Kiddie Pools)
- Lush Gardens
- Playground
- Function Rooms
- Lounge Areas
- Jogging Trail
- Commercial Strip
- Passenger Elevators for each of the 4 Buildings
- 24-hour Security
- Automatic Fire Detection and Alarm System
- Stand-by genset for common areas & selected residetial outlets
- Sufficient Fire Exits
- Centralized Cistern Tank
- Sewage treatment plant
- Provision for telephone & cable TV
South Residences – Location & Accessibility
Located along Alabang–Zapote Road, Behind of SM South Mall you will find South Residences, is just few minutes` drive to:
TAS Transit, Alabang–Zapote Road, Almanza Uno, Las Pinas, 1740 Metro Manila 7min/1.2km
NAIA 1 Airport 46mins/19.5kmAlabang Toll Exit 17mins/5.1km
Manila Skyway 18mins/5.1km
Coastal Toll Exit 30mins/9km.
NAIA Expressway 39mins/14.2km
LRT Baclaran Station 46mins/16.6km
Bonifacio Global City, Taguig 51mins/22.1km
South Residences is walking distance to jeepney stop and taxi stand. It is highly accessible thru:
SM Southmall, Alabang–Zapote Road, Pamplona, Almanza Uno, Las Pinas, Metro Manila 5mins/800m
Coastal Mall Metro Bus Station, Coastal Mall Terminal Rd, Parañaque, Metro Manila. 45mins/15.9km
Alabang – Zapote Road
Marcos Alvarez Road
Daang Hari Road
S Luzon Expy 42mins/14.8km
South Residences– Facilities Nearby
Frequently Asked Questions
- What is the floor-to-floor height? – (+-) 3 meters
- What is the floor to ceiling height? – (+-) 2.4m – 2.7m
- How wide is the hallway? – (+-) 1.5 meters
- Is there discount for Spot or Full down payment? Discount range vary from 2% – 5% of the down payment depending on the location of the condominium project.
- Is there discount for Cash Term (full TCP) payment? Standard discount applicable to all condo projects:
- 5% – if located in Mall of Asia and Makati area
- 10% – if located outside Mall of Asia and Makati
- Can a residential unit be used for commercial purposes? – No, all residential units shall be used for residential purposes only.
- Is the balcony part of the residential area? (for applicable units) – Yes, the balcony forms part of the residential area. However, putting any unsightly fixtures (e.g. clothesline, cleaning materials, etc.) in the balcony that are visible from the exterior of the building is not allowed.
- Are walls between units soundproofed? – Yes, up to 40 decibels
- How many units can be combined? – A maximum of 5 adjacent units can be combined subject for approval.
- Are the tower/building interconnected? – Most of the buildings will be connected at their support level amenities
- How is the collection of garbage? – Each floor has garbage room available 7am to 7pm
- Are unit main doors facing each other along the hallways? – Yes
- How many parking slots can the buyer purchase? – 1 is to 1 and must be unit owner
- What are Accredited Banks of SMDC? – BDO, BPI, PNB, Chinabank, Union Bank, HSBC, PSBank, Security Bank, Robinsons bank
- Are the unit Perpetual Ownership? – For Filipino buyer, yes it’s Perpetual Ownership and has CCT/Title.
- Can foreigner allowed to buy? – Yes. 40% of the total units per project can be alloted to a foreign buyer as Perpetual Ownership.
- What if the 40% alloted to foreign buyer is sold-out? – They can still buy from the remaining 60% under ASSIGNMENT OF RIGHT TO USE (ARTU). This is no longer Perpetual Ownership so there’s no CCT/Title. It is leasehold with 50 years contract.
- Does ARTU have CCT and CTS? – None. Only Contract of Use but it has the same right like other owners since foreign buyer is assign as proxy/assignee by SMDC.
- Can ARTU transfer the Right of Use? – ARTU can only transfer the Rights of Use with the remaining unused term from 50 years.
- What is the advantage of ARTU? – It has 10% upfront discount on top of standard discounts.
- What are the payment terms of ARTU? – 1.) Deffered Cash ) Spot Cash 3.) Standard DP term but remaining balance is payable in cash
- Can buyer under ARTU apply a bank loan? It can’t be applied for bank loan because it has no Title (CCT).
- Can foreign buyer apply for a bank loan here in the Philippines? Yes, if unit is under perpetual ownership.
- What banks accept loan application from foreign buyer? Union Bank
- What are the requirements? Must have a Filipino Atty-in-Fact (SPA) plus basic requirements. If buyer is a holder of Resident Visa, no SPA is required.
- What are the fees to pay when transferring unit? Transfer fee, CCT Title Transfer and return the 10% affront discount given during reservation.
- Can buyer resell his/her unit under ARTU to a foreigner or Filipino? Transfer fee will apply.
- How much is the transfer fee for Perpetual or ARTU units? It’s Php100,00.00
- What are the condo projects under ARTU? – Shore Series, Fame, Red, Bloom. Other condo project may follow once the 40% cap is reached.
- Are pets allowed in the residential building? – No, the Owner is not allowed to house or keep pets of any kind, even temporarily.
- When can a unit owner move in to their unit? – Buyers will be allowed to move in after the following conditions are met:
- Construction of project has been completed.
- Buyer has met the payment & documentary requirements for move-in.
- Buyer has signed the Certificate of Acceptance.
- Buyer has settled the required Working Capital (equivalent to 3 months Condo Dues).
- Buyer has submitted the filled out move-in forms.
- Buyer has attended the orientation on the House Rules conducted by the Property Administration.
- Buyer has submitted all other documents as may be required by the Property Administration.
- How much are the monthly condominium dues? – May still vary depending on the condo location and projected operational cost of the project upon turnover. Estimated amount range from Php70.00 – Php120.00
- What is the purpose of collecting condominium dues from the unit owners? – Condominium dues are used to pay the following expenses:
- Operating and maintenance expenses of the condominium
- Insurance premiums, real estate and property taxes of the amenities and common areas
- Permits and licenses fees paid to the government
- Other necessary expenses
- When will a unit owner start paying for the condominium dues? – Payment of condominium dues will start once the unit has been accepted by the unit owner or deemed accepted based on turnover policy.
- Who can purchase a parking slot? – Only unit owners can purchase a parking slot.
- What happens if a unit owner does not get a parking slot? – Unit owners who did not purchase parking slots may opt to rent parking slots from SMDC Leasing or from other unit owners who are renting out their parking slots.
- If a purchased residential unit was cancelled by the buyer, what happens to the purchased parking slot? – With this scenario, the parking slot purchased will also be cancelled.
- Are there any fees to be collected for using the facilities/amenities in the condominium? – Yes in some areas like funsction rooms, swimming pool, etc. The use of facilities and amenities are generally covered by the condominium dues. Such fees will be used to cover maintenance and utility costs.
About SMDC Leasing Services For Unit Owners
If you intend to rent out your unit, SMDC Leasing Service will help you because SMDC’s commitment to you does not end when we give you the key to your property. We enable you to realize the maximum return of your property investment. SMDC Leasing range of Services:
- Property Listing Management
- Unit viewing arrangements
- Negotiation of lease terms
- Preparation of lease contract
- Tenant move in assistance
Since most of SMDC condominiums are located in prime location, it brings you a premium resell price or monthly rental income thru SMDC Leasing Services. SMDC property is more than just a home, but an investment – an asset intended to yield returns over time.
Contact Us
Your dream home investment awaits. Call now!
SMDC Sales Team is always ready to help you! For sales inquiries or to schedule an exclusive showroom visit, please contact us at:
✓ No Broker / Agent Fees!
✓ Early Bird Direct Developer Discounts!
To Enjoy Direct Developer Prices or to schedule an exclusive showroom visit, please contact us at:
+63 917 512 7475
+63 917 530 5817
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Address
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14th Flr. Ocean Drive, Mall of Asia,
Pasay City, Metro Manila, Philippines
Email Address
inquire@condohomesbysmdc.com