FAQs

• Reservation Fee is the amount the buyer pay in order to secure the unit from the developer, and it is part of the Total Contract Price.

• Reservation Fee is the amount the buyer pay in order to secure the unit from the developer, and it is part of the Total Contract Price.

• The Reservation Fee is non-refundable since this is part of the Total Contract Price.

• The Reservation Fee differs from each project. Please refer to the project price list.

• The Down Payment / Equity are the amount the buyer pays before the Monthly Amortization. It has no interest and represents a percentage of the full Total Contract Price.

• The Down Payment/ Equity starts 30 days after the Reservation and is paid thru PDC.

• Photocopy of 2 Valid ID
• Photocopy of Proof of Income (Payslip, ITR, COEC)
• 4 pcs. 1×1 picture
• TIN Number

• 4pcs 1×1 ID Picture w/ white background (both spouses)
• Photocopy of Marriage Certificate from PSA– if married
• Photocopy of Birth Certificate from PSA– if single
• Photocopy of 2Valid ID’s w/ 3 specimen signature (etc. SSS, Driver’s License, PRC License, TIN ID, Comelec ID, Passport, Company ID)
• Photocopy of spouse 2 Valid ID’s w/ 3 specimen signature – if married
• Any of the below “PROOF OF INCOME”
• Latest & Original Certificate of Employment w/ detailed compensation (notarized)
• Latest 2 months pay slips
• Latest Income Tax Return From 2316 (Duly received & stamp by BIR)
• Original Special Power of Atty. – if applicable (Duly Notarized/ Authenticated)
• Valid ID’s of Atty. In Fact w/ 3 specimen signature on the side

• 4pcs 1×1 ID Picture w/ white background (both spouses)
• Photocopy of Marriage Certificate from PSA– if married
• Photocopy of Birth Certificate from PSA– if single
• Photocopy of 2Valid ID’s w/ 3 specimen signature (etc. SSS, Driver’s License, PRC License, TIN ID, Comelec ID, Passport, Company ID)
• Photocopy of spouse 2 Valid ID’s w/ 3 specimen signature – if married
• Any of the below “PROOF OF INCOME”
• Latest Job contract w/ POEA received & stamp or valid employment contract
• Certificate of Employment & Compensation duly certified by the employer (w/ English translation if foreign language)
• Photocopy of the VISA/ Passport/ Ticket Entry & Exit
• Original Special Power of Atty. – if applicable (Duly Notarized/ Authenticated)
  • Valid ID’s of Atty. In Fact w/ 3 specimen signature on the side

• 4pcs 1×1 ID Picture w/ white background (both spouses)
• Photocopy of Marriage Certificate from PSA– if married
• Photocopy of Birth Certificate from PSA– if single
• Photocopy of 2Valid ID’s w/ 3 specimen signature (etc. SSS, Driver’s Licesce, PRC License, TIN ID, Comelec ID, Passport, Company ID)
• Photocopy of spouse 2 Valid ID’s w/ 3 specimen signature – if married
• Any of the below PROOF OF BUSINESS OWNERSHIP:
• Latest Business Permit (photocopy)
• Latest Business Registration (photocopy)
• Mayor’s Permit (photocopy)
• Any of the below “PROOF OF INCOME”
• Financial Statement duly signed by the accountant for the last 2 years (photocopy)
• ITR for the last 2years w/ receipt of tax payment from the bank (photocopy)
• Original Special Power of Atty. – if applicable (Duly Notarized/ Authenticated)
  • Valid ID’s of Atty. In Fact w/ 3 specimen signature on the side

• Canven clients, whether Local or International, may pay their monthly payments by issuing PDC. They can use their existing PDC if they have one, and we can also issue a recommendation to their chosen bank if they need to open a new checking account.

• Foreigners and foreign companies are allowed to puchase a condominium unit in the Philippines. Please contact your friendly Canven for more information and full assistance in purchasing Urban Deca Homes units.

Canven offers a very afforable and easy “In-House Financing” payment term to foreigners

• Cash
• Deferred Cash Payment
• No Downpayment

• In-House Financing
• Bank Financing (selected projects only)
• Pag-Ibig Financing (selected projects only)

• No. According to R.A 6552 or Maceda Law, only if a buyer on instalment basis has paid at least two years, he is entitled to the cash surrender value of the payments on the property equivalent to 50 per cent of the total payments made. 

• Spot Cash (Full Contract Price payable in 7 days)
• Deferred Cash (Full Contract Price payable in 1 year with No Interest)
• Bank Financing (On selected projects)
• Pag-IBIG Financing (On selected projects)

• For “Ready For Occupancy” projects:After settlement of the necessary payment and submission of all the required documents, please wait for 3 to 4 weeks for your unit turnover.
• For “Pre-Selling” Projects: Please consult with your property specialist for the schedule of your unit turnover.

• Relatives
• Clients’ Attorney

Relatives of up to second (2^nd) degree of affinity or consanguinity only

• Relatives or any trusted individual of the buyer.