Frequently Asked Questions

Where are the projects of P.A. Metropolitan Residences, Inc. located?

Currently we have 3 projects located within Metro Manila. We have Ready-For-Occupancy units at East Residences Ortigas in Pasig City. While our on-going projects are One Metropolitan Place in Pasay City and The North Grove in Caloocan City

What are the products offered by P.A. Metropolitan Residences, Inc.?

We are offering residential and commercial mid-rise condominiums with floor areas ranging from 18 square meters to 45 square meters.

How many storeys does your mid-rise condominium have?

As of now, we are developing 5-storey condominiums.

How long does it take to complete a condominium?

Usually it takes 10 months for a 5-storey condominium building.

What is the method used by P.A. Metropolitan Residences, Inc. in constructing its condominiums?

Cast-in-place construction system is the method of construction which means columns and hollow blocks are rarely used.

Does P.A. Metropolitan Residences, Inc. provide building insurance?

Yes, through the Comprehensive Insurance provided by Condominium Corporation.

In case of power failure, are there generators available?

Yes, but only for the common areas in the building.

What are the amenities found in every development?

Clubhouse with Multi-Purpose Hall, Swimming Pool, Landscaped Entrance Gate, Provision for Telephone and Cable Facilities, Provision for Small Commercial Establishments

How much is the total contract price of a condominium unit?

Our total contract price usually ranges from ?912,000 up to ?2,628,375.

What will the turned over unit look like?

Units will be turned over as a Standard Finish Unit. It will be delivered with electrical and plumbing fixtures with floor finishes and cable and telephone line outlet but without partitions or cabinets.

How long will be the warranty of a unit once it is turned over?

15 years for the structural integrity of the building except architectural finishing of each unit since it is subject to wear and tear.

Is it allowed to combine two adjacent units?

Yes, however, there are restrictions. Units which can be adjoined are structurally pre-determined.

Are pets allowed inside the condominiums?

No because legally speaking it is in the Master Deed and House Rules and Regulations submitted to HLURB that pets are not allowed

Are there limitations or restrictions if I would improve my unit?

Yes, for example, only non-flammable materials (metal studs & hardiflex) are allowed for partitions while modification of existing electrical and plumbing lines must be properly coordinated with the Condominium Corporation’s technical assistant.

Can P.A. Metropolitan Residences, Inc. do the improvement in my unit?

To avoid conflict of interest, PAMRI is not entertaining unit improvement jobs nor will it allow its employees or contractors to engage in such.

When can I move-in?

For Pag-IBIG Account move-in can take place after loan take out, full payment of equity and submission Post Dated Check while for Direct Financing Account, upon full payment of equity, complete loan documents, submission of Post Dated Checks and of course 100% construction of the building.

Do I need to pay any corresponding fees before I can move-in?

Yes. The payment of move-in fee will be done after the buyer has accepted the unit and has attended the move-in orientation by the Engineering Department. The move-in fee is inclusive of utilities connection and condominium corporation association dues.

Can I purchase a unit even if I am abroad?

Yes. Just assign your authorize representative and execute a Special Power of Attorney to allow your authorize representative to transact with P.A. Metropolitan Residence, Inc. with regards to your condominium application.

What are the financing schemes available?

The following are your financing options:

Pag-IBIG Fund Housing Loan – for Pag-IBIG fund members, they can avail the maximum loan term of 30 years with an interest rate ranging from 6% to 11.5% depending on the loan amount.

In-House Financing for 5, 10 and 15 years to pay with a minimum down payment of 10% from the Total Contract Price.

Direct-End Buyer’s Financing or Bank Financing from our accredited banks.

Deferred Cash payment which is payable in 12 months without interest and Spot Cash payment payable in 30 days with discount.

Will P.A. Metropolitan Residences, Inc. process my application for the financing scheme that I will choose?

Yes, just submit to us the required documents needed for the processing of your application.

What are the documents that should be submitted when buying a unit?

At least the 3 basic documents must be submitted and these are the Proof of Income, Proof of Identity and Proof of Billing Address. (Ex. Proof of Income: One Month Payslip for Locally Employed, Income Tax Return for Self-Employed, Job Contract for OFW’s, Proof of Identity: Any valid ID’s and Proof of Billing: Electricity, Telephone and Credit Card Billings, etc.)

What is the difference between a co-borrower and a joint income?

The purpose of a co-borrower and a joint income is to support a buyer who is not qualified for a condominium loan. The difference between the two is that a co-borrower will submit the same documents as of the principal buyer and the co-borrower must be a qualified Pag-IBIG member. While for a joint income, the buyer is only required to submit at least the proof of income and proof of identity.

When will my monthly down payment start?

Monthly down payment will start one month after reservation of the unit.

Will my payment in my monthly down payment and monthly amortization be at the same time?

No because the monthly down payment or equity will be settled first before the monthly amortization starts.

Where can I pay my monthly down payments and monthly amortizations?

All payments should be made at the Head Office of P.A. Metropolitan Residences, Inc. which is at 2nd Floor of Makati Cinema Square, Makati City.