San Marino Place by Managen Development Corporation
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About San Marino Place

Frequently Asked Questions

Q: Where is San Marino Place located?
Q: Why would this location be more advantageous than others in Pangasinan?
Q:
Why would San Marino Place be better than other subdivisions in the vicinity?
Q: Will there be a Homeowners’ Association? What are some of its restrictions and regulations?
Q: Is there a cut-off date for building a house on the lot purchased?
Q. What is the average cost per lot and terms of payment? Please show me sample computations.
Q. Is pre-payment of balance allowed before due date? Is there a penalty for this? Will there be an interest rebate?
Q. Are we allowed to transfer our account to a bank or other institutions to avail of lower interest rates? May we use the lot we are paying on installment as collateral?
Q. Who pays for closing expenses?
Q. If I work or live abroad, how do I close a contract to purchase a lot?
Q. How do I send remittances from abroad?

 



Q: Where is San Marino Place located?

A: It is located along the national road in Bonuan, Dagupan City, going to San Fabian, Baguio and La Union. It is a 10-minute drive from downtown Dagupan and also a 10-minute drive to the famous Blue Beach. Passing thru this new, shorter route, Baguio is only an hour and 15 minutes from San Marino Place.

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Q: Why would this location be more advantageous than others in Pangasinan?

1. Dagupan City is complete with urban amenities such as first class hotels and restaurants, well-stocked malls and shops, hard ware stores, computer shops and branded car show rooms.

2. Very accessible to San Marino Place are Nepo Mall, University of Pangasinan, Collegio de Dagupan, The Region I Medical Center and many restaurants and hotels.

3. Pollution is less as it is outside the densely populated area of Dagupan. Around it are clean and unpolluted fishponds maintained with proper technology and a wide, unpolluted river where fishing, boating or kayaking can be enjoyed. It is also far from sources of pollution, like factories, cemeteries and garbage dumps.

4. The supply of water from the Dagupan City Water District is strong and copious in this area.

5. Bonuan, San Marino Place specifically, is least likely to be flooded unlike certain places in Tapuac, Caranglaan and Tambac (all of which are in Dagupan), Calasiao and Santa Barbara in Pangasinan.

6. A new diversion road going to the towns of Binmaley, Lingayen and Alaminos, located near the subdivision, will spare motorists from traffic in downtown Dagupan and will provide a much shorter route to the said places.

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Q: Why would San Marino Place be better than other subdivisions in the vicinity?

Besides the above-mentioned advantages regarding its location, San Marino Place has various recreational facilities and features (click on Facilities and Amenities). A master plan for the subdivision was created by an expert team from Mario Arturo V. Lising and Associates. The developers have also ensured efficient provisions for utilities such as water supply and electricity, fire hydrants, 24-hour security and flood –free drainages. San Marino Place is licensed by the Housing and Land Use Regulatory Board (HLURB) of the Philippines.

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Q: Will there be a Homeowners’ Association? What are some of its restrictions and regulations?

A:
The Homeowners’ Association will soon be organized. All lot-owners and/or Lessees become automatic members and shall pay association dues as determined by the association. In the meantime, Managen Development Corporation, has already established subdivision guidelines and restrictions some of which are as follows:

a.) Maximum height of building – Height should not be more than eleven (11) meters from the curb fronting the house.
b.) Roofing material – Only shingles and tile roofings are allowed.
c.) Fire wall - No fire wall is allowed except for the wall abutting the garage.
d.) Water supply- Deep wells and pumps generating water from the main supply are prohibited. Cisterns are suggested.
e.) Easements - 3 meters in front and 2 meters on all other sides of each lot must be allotted for easement.
f.) Others
-No commercial establishments, ads or billboards are allowed inside the subdivision. A commercial area is designated outside the subdivision.
- No stray animals are allowed.
- All construction guidelines and rules and regulations on the use of amenities must be followed.

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Q: Is there a cut-off date for building a house on the lot purchased?

A: None

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Q. What is the average cost per lot and terms of payment? Please show me sample computations.

A. Sizes of lots range from 205 sq. meters to 332 sq. meters. Average lot size is
252 sq. meters. Inner lots cost P6,000 / sq. meter inclusive of 12% VAT. Corner lots are priced at P7,000 / sq. meter inclusive of 12% VAT. Thus for a 252 sq. meter lot:

TOTAL SELLING PRICE (252 sqm @ 6,000) = P1,512,000.00
Reservation Fee = P 20,000.00
Balance after reservation = P1,492,000.00

You may choose from 3 options for the manner of payment:

Option I - CASH
Payable on or before 30 days after reservation, with 3% discount
P1,492,000.00 less P45,360.00 = P1,446,640.00

Option II - 12 MOS. TO PAY / 0% INTEREST
P1,492,000.00 divided by 12 months = P124,333.33 / monthly

Option III – 5 YEARS OR 10 YEARS TO PAY
Down payment = P100,000.00 (inclusive of reservation fee)
5 years at 15% interest = P33,591.38 monthly

OR

Down payment = P100,000.00 (inclusive of reservation fee)
10 years at 15% interest = P22,780.50 monthly

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Q. Is pre-payment of balance allowed before due date? Is there a penalty for this? Will there be an interest rebate?

A. Partial or full amount of balance may be paid without penalty. However, no interest rebate is given as it is computed based on diminishing balance. A buyer, however, still saves on interest when he makes a lump-sum pre-payment.

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Q. Are we allowed to transfer our account to a bank or other institutions to avail of lower interest rates? May we use the lot we are paying on installment as collateral?

A. Yes. You may transfer your account and may use your partially paid lot as collateral subject to the approval of Managen Development Corporation. We will be glad to assist you on this matter as we have done with other buyers.

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Q. Who pays for closing expenses?

A. The seller, Managen Development Corporation, pays for Withholding Tax and helps prepare all documents required by the B.I.R. and the Register of Deeds. The buyer pays for Documentary Stamps, transfer tax, registration of title, notarization and documentation.

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Q. If I work or live abroad, how do I close a contract to purchase a lot?

A. Fill out the Buyer’s Data Sheet and send this to us through mail or e-mail. Please indicate your preferred mode of payment and the lot number you have chosen. Managen Development Corporation will contact you regarding specific procedures and requirements to be accomplished. You may also assign an authorized representative to transact on your behalf. Likewise, we will contact your representative to discuss all details pertinent to the sale.

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Q.How do I send remittances from abroad?

A. Remittances may be coursed through the Philippine National Bank (PNB) or the Bank of the Philippine Islands (BPI). Please contact Managen Development Corporation for account details and procedures. You may also use other transfer agencies such as Western Union or Lucky Money to remit payments.

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About San Marino Place
About the Developer
Frequently Asked Questions