FREQUENTLY ASKED QUESTIONS

• Who is the developer of Imperial Royale Town Homes?
  Imperial Homes Corp., a well-established family corporation is headed by Mrs. Emma M. Imperial as President and CEO. IHC has been in the business for 20 years building affordable houses like its contract with Ayala Group of Companies to provide affordable homes for its many employees. Currently the company has branched out into leisure development and high-end properties which are Casa California and Imperial Royale Town Homes located in a prime location in Zapote, Las Piņas City.
  
  
• What is Imperial Royale Town Homes?
  Imperial Royale Town Homes are town houses built in a community area of 1.9 hectares. This is a well-planned 97 unit townhouse community project of Imperial Homes Corporation. Each unit comes either with a two or 3 bedrooms, a color coordinated parking area at the front and a service area at the rear.
  
  
• What are the lot sizes and floor area of the available Town Houses?
  The lot area varies from 79 square meters up to 147 square meters for end units. The floor area for the two bedroom units is 85 square meters or the 98 square meters for three bedroom units. Floor area may vary depending on the shape and size of the lots.
  
  
• What are the features of each of the available Town House units?
  All of the units have the following features:
  
  • 2 toilet and baths
  • Marble floor tiles for living and dining areas
  • 2 or 3 bedrooms
  • Built-in cabinets for kitchen
  • Provision for telephone system
  • Closets for bedrooms
  • Wood parquet floorings for bedrooms
  
  
• What is the location of Imperial Royale Town Homes?
  Imperial Royale Town Homes is located within the brisk BF Resort Subdivision in Las Piņas City. In the center of commercial halls of a major urban district and yet minutes away from idyllic places like Laguna and Tagaytay. The units are 1.5 km. from BF Resort entrance gate along the Alabang Zapote Road in Las Piņas City. With access to the Friendship Route, Alabang, Makati, Ninoy Aquino International Airport, Cavite and Manila.
  
  
• Are there schools and universities near by?
  Choice educational institutions such as Bloomfield Academy, Elizabeth Seton School, Perpetual College for Nursing and Medicine, STI-Pre-and High School and Mary Toddler School are all located within BF Resort. University of Perpetual Help, De La Salle Zobel, Woodrose and Southridge Schools, St.Benedict College are also within the vicinity.
  
  
• Are there business establishments near by?
  For business transactions the Madrigal Business Park are where all the banks and many offices are located. Filinvest City is also the latest Corporate City in the area.
  
  
• Are there Commercial areas near by?
  The country's biggest and most modern commercial centers are just a drive away. Festival Mall, the Ayala Alabang Town Center, and SM Southmall Las Piņas.
  
  
• What is the available financing for the town house units?
  For the In-House Financing:
  
  
  • 30% down payment payable in 6 months with 0 interests. Balance of 5 years at 10% interest or for 10 years at 12% interest.
    
    
  • 30% down payment payable in 12 months with 8 % interest. Balance of 5 years at 10% interest or balance of 10years at 12% interest.
    
    
  • 30% down payment payable in 18 months with 10 % interest. Balance of 5 years at 10% interest or balance of 10years at 12% interest.
    
    
  • No Down payment with terms of 5 years at 10% interest or balance of 10 years at 12% interest.
  
  The house will be turned over to buyer upon 30% payment of the contract price.
  
  The above financing terms are Dollar/Sterling/Euro/Singapore$ In-House contract. A Peso contract in house financing is available for qualified buyers at an interest rate of 19% for 5 years and 21% interest for 10 years. The Peso contract can also be coursed through local bank financing to get lower interest rate. It is required that after 90 days from date of reservation, a letter of Approval from any local bank be issued in favor of IHC. Upon submission of the letter of approval from bank and completion of 30% down payment and the balance of 70% paid by the bank, the unit will be turned over to buyer.
  
  
• What is the No Down Payment Scheme as advertised abroad?
  This is a special new package for international buyers payable either 5 or 10 years based on Dollar/Sterling/Euro/Sing$/HK$ Denominated sales Contract. There is no foreign exchange conversion benefit when one chooses the NO DOWNPAYMENT scheme.
  
  
• What is the difference a Dollar/Sterling/Euro/Sing$/HKG$ Denominated and Peso Denominated Contract?
  A Foreign Currency denominated contract is paid in US$ or Sterling or Euro/Sing$/HK$ and carry a lower interest rate than a Peso contract. The company (IHC) carries the financing of the contract and will require an authority to have an automatic payment arrangement with a foreign bank for the buyer's monthly payments. A Dollar /Sterling/Euro/Sing $ denominated contract is paid in dollar, Pound Sterling, or Euro, Sing Dollar, Hongkong Dollar and carry a 10% interest for 5 years and 12% interest for 10 years.
  
  A Peso denominated contract is paid in Pesos and carries a 19% interest for 5 years and 21% interest for 10 years.
  
  Once contract is signed, buyer cannot change from a dollar to a peso contract or vice versa. This protects IHC from any fluctuations of the currencies and other inflationary factors.
  
  
• How can one take advantage of the higher exchange rate for foreign currency in purchasing our homes?
  There are 3 ways when a buyer can take advantage of higher foreign exchange rate:
  
  
  • Buyer Pays Cash. If a buyer buys cash, the foreign exchange current rate is used and the buyer immediately gets the cash discount of 7% if paid within 15 days and a foreign exchange conversion savings or discount * based on the balance in Dollar/Sterling/Euro/Sing$ or any other foreign currency contract price. The international buyers are advised to borrow from their local banks to get the discounts.
    
    
  • Buyers Pays Cash on Balance after paying the 30% Down Payment:
    The buyer pays cash the balance of the Contract Price. The balance will have a foreign exchange conversion savings or discount * based on the dollar, Sterling, Euro, Sing $ if paid in full. The chance to avail of the discount disappears when the balance falls below 70%. There is no discount when the NO DOWNPAYMENT option is chosen.
    
    
  • Buyers applies with Pag-IBIG Fund or any other local funding institution: The buyers can apply through Pag-IBIG Fund or any local institution to take out the balance of the 70% which will also have a foreign exchange conversion savings or discount * on the balance in Dollar/Sterling/Euro/Sing$/HK$ or any other foreign currency if paid in full.
    
  
  * The foreign exchange conversion savings or discount will be computed based on the current foreign exchange rate computation at the time when the balance of not less than 70% of the total contract price is paid in cash or taken out by Pag-IBIG Fund.
  
  
• Is there a schedule for prospective buyers to see Imperial Royale Town House?
  There are ocular visits we call tripping schedules. These are made 7 days in advance to provide enough time for the arrangements of vehicle and guide. For overseas clients, you may arrange the actual site inspection with our representative in your country and they will contact your relative for the tripping schedule.
  
  
• Is VAT (value added tax) included in the pricing?
  Yes, it is already included.
  
  
• Is there an escrow on our payments and deposits just like the real estate closing in USA?
  The Philippines real estate transactions in Manila do not have title companies that process their sale. Unlike in US, the checking of the veracity of titles or the projects are made either by actual validation with the developer's track record and the Register of Deed on the title and ownership of the lots. Also the Department of Real Estate in USA also almost always mandates all real estate transaction between buyers and brokers to process their transactions with title companies. This is not a regulation in the Philippines that is why there is no title company in the Philippines that does this.
  
  Buyers too are buying their lots in installment from the developer and therefore will not be able to get their titles from the developer until it is fully paid. Unlike the US counterpart, sales of real estate are done through mortgages through banks and in order that the banks give you loans, banks in USA require that real estate transactions passes through title companies for the checking of the property and ownership is a requirement.
  
  
• Is there any discount if down payment is paid in cash?
  Yes, buyer can get as much as 7% discount from the actual down payment if it is paid within 30 days from reservation.
  
  
• Is there a discount if the Total Contract Price is paid in cash?
  For Cash Payment on Total Contract Price:
  Payment within 15 days----- 7% discount
  Payment within 30 days----- 5% discount