FREQUENTLY ASKED QUESTIONS
ABOUT OWNING A MEGAWORLD CONDO IN THE PHILIPPINES
Frequently Asked Questions (FAQ) about Megaworld Condo Lifetime Ownership
Q: Do Megaworld condominiums provide lifetime ownership?
A: Yes, Megaworld condominiums are offered under a freehold ownership model, which grants you perpetual ownership of your condo unit. This means you can own the property indefinitely without any time limits.
Q: What documentation will I receive to confirm my ownership of a Megaworld condo?
A: Upon the turnover of your unit, you will receive a Condominium Certificate of Title (CCT). This official document serves as legal proof of your ownership and outlines your rights to the property.
Q: Are foreigners allowed to own Megaworld condos with lifetime ownership?
A: Yes, foreign nationals can purchase Megaworld condos under the freehold ownership scheme. However, it is important to note that foreign ownership in any specific condominium project is limited to a maximum of 40% of the total units.
Q: Is there a time limit on condo ownership for Megaworld properties?
A: No, there is no time limit on ownership. While some may mistakenly believe that condo ownership is restricted to 50 years, this is not applicable to Megaworld properties. The condominium corporation can renew its charter for an additional 50 years, ensuring that ownership rights are maintained.
Q: Can I transfer my Megaworld condo to my heirs?
A: Absolutely! With freehold ownership, you have the right to reside in your condo indefinitely. Upon your passing, your children or legal heirs will inherit the property, allowing for seamless transfer of ownership.
Q: Are there any restrictions on selling or transferring my Megaworld condo?
A: You are free to sell or transfer your Megaworld condo, even during the pre-selling phase. However, please be aware that there may be assignment fees associated with transferring ownership. Additionally, all dues must be settled before the sale can proceed.
Q: Do local and foreign buyers have different rights regarding Megaworld condos?
A: No, local and foreign buyers enjoy the same rights and privileges when it comes to owning Megaworld condos. Both groups are subject to identical pricing, discounts, and tax obligations associated with freehold ownership.For the most accurate and current information regarding condo ownership, it is advisable to consult with a Megaworld representative or a legal advisor, as terms and conditions may evolve over time.
Who should I reach out to for Megaworld property visits or purchases?
To assist you with property acquisition, you can contact a licensed real estate salesperson or broker under Megaworld. My name is Kenneth Leonardo, and authorized to sell properties in Vion Tower Makati, Maple Grove Park Village, Maple Grove Commercial District, One Corporate Place, La Cassia Residences, Arden Botanical Village, Arden Westpark Village, Laurent Park Araneta Cubao, Capital Town Pampanga, Montrose Parkview, Savoy Hotel Capital Town, Bryant Parklane.
Feel free to reach me at (+64) 22 533 09 48 through Viber, iMessage, or WhatsApp. I’m here to provide comprehensive details and financial computations. I also offer free online consultations via Zoom or Google Meet to discuss your investment options. We can arrange a meeting, showroom visit, or site viewing to clarify any inquiries you may have.