Frequently Asked Questions

Bridgepointe Place is a thirty-three (33) hectare development comprising of 1,550 units and divided into three (3) major phases namely: Sandsfield (Phase 1), Midori Garden (Phase 2) and Trillium Park (Phase 3). On May 17, 2011 the Housing and Land Use Regulatory Board (HLURB) Region 3 Director issued License Number 24212 and Certificate of Registration Number 22598 for Bridgepointe Place making it a legitimate housing project.

Q: WHAT COMPRISES THE INVENTORIES AVAILABLE FOR SALE AT BRIDGEPOINTE PLACE?
A: 1. House and lot units that are designed to suit the needs of every prospective buyer. The townhouses are meant for single individuals or the newly-wed while the attached and detached houses cater to bigger families with wider space requirements. 2. House and lot units plus an extra lot may be purchased to accommodate future expansions. 3. Lots only ranging from 96 to 300 square meters may be purchased for investment or for residential purposes.

Q: WHAT ARE THE PAYMENT OPTIONS AVAILABLE TO BUYERS?
A: 1. Spot payments. Buyers may earn savings/discounts in opting for spot cash payment, an arrangement where the total contract price is paid in full. Under this scheme, the buyer is relieved from incurring interest expenses and at the same time avail of a reduced total contract price. On the other hand, buyers who want to get discounts but who can only pay a portion of the total contract price may avail of the spot down payment term.
2. Enhanced Real Estate Financing Scheme (EREFS). Buyers who want to pay a lower amortization can avail of Enhanced Real Estate Financing Schemes where the total down payment is stretched from 11 months to 36 months to make the monthly payment lighter. The loan shall be financed either by PAAPVI through its Direct Financing Scheme or by an accredited bank or by the Home Development Mutual Fund (Pag-ibig Fund).

Q: WHAT ARE THE DISCOUNTS OFFERED FOR BUYERS UNDER THE SPOT PAYMENT SCHEMES?
A: A five percent (5%) and three percent (3%) reduction of the discountable amount is available to spot cash and spot down payment buyers, respectively.

Q: WHAT ARE THE PARTNER BANKS OF PAAPVI?
A: The partner banks of PAAPVI include among others, Banco de Oro, Planters Development Bank and Land Bank of the Philippines. PAAPVI shall assist the buyer in the processing of the loan, however, the approval thereof shall still be upon the discretion of the bank based on its pre-set standards.

Q: HOW CAN I AVAIL OF THE PAG-IBIG FUND HOUSING LOAN?
A: Generally, all members of good standing may apply for a housing loan with the Pag-ibig Fund. Non-members may do so after complying with the requirements of membership and premium payment contribution.

Buyers are advised to visit the Sales Admin Department of PAAPVI or browse the Pag-ibig Fund website at www.pagibigfund.gov.ph to learn more about the rules and procedures of the agency on its housing loan facility.

Q: HOW CAN OVERSEAS WORKERS/BUYERS MAKE PAYMENTS?
A: Buyers from abroad may open a checking account in the Philippines and submit post-dated checks to PAAPVI. Check funding may be remitted through any legitimate remittance company abroad.

Q: WHAT ARE THE REQUIREMENTS FOR HOUSE CONSTRUCTION?
A: For spot cash or spot down payment terms, house construction shall begin at least one (1) month from the spot cash or spot down payment date. If an account is under the Enhanced Real Estate Financing Scheme (EREFS), house construction shall begin after the full payment of the first equity.

2. In any of the foregoing payment terms, house construction shall not commence if the required documents are not complete. A checklist of these documents shall be furnished to the buyer upon payment of reservation fee.

Q: WHAT IS THE HOUSE CONSTRUCTION PERIOD?
A: The house construction period varies among model units. On the average, houses are built between four (4) to six (6) months, barring fortuitous events or those factors beyond the control of PAAPVI.

Q: ARE HOUSE ALTERATIONS ALLOWED?
A: House alterations include any works on the house structure that is beyond the original plan submitted to and approved by the government housing agencies. Alterations are allowed after the unit in its original plan is turned over to the buyer. In all instances, however, the facade of the house must conform to the predetermined concept in each phase.

Q: WHEN DO I MOVE-IN?
A: A buyer of good payment standing and who has complied with documentary and other necessary requirements can move-in. Generally, the following conditions must have been met before move-in is allowed:

1. House acceptance process has been completed.
2. Water and electrical connection are installed.
3. Occupancy permits and other required clearances are obtained.

Q: WHEN CAN I GET THE KEY TO MY HOUSE?
A: Upon acceptance of the unit and upon fulfilment of required permits and clearances, the key to the unit is turned-over to the buyer.

Q: WHEN CAN THE TITLE BE TRANSFERRED TO THE NAME OF THE BUYER?
A: The title is transferred to the name of the buyer upon full payment of the total consideration agreed upon. The title is claimed from and released by the respective financing institution as follows:

1.PAAPVI for spot cash and direct or in-house financing
2. Conduit or accredited bank for bank financing
3. Home Development Mutual Fund for Pag-ibig financing

Q: WHO WILL PROCESS THE TRANSFER OF TITLE?
A: PAAPVI shall facilitate the transfer of title with the appropriate government agencies on behalf of the buyer.