FAQS

On the Subdivision Project

• Where is the Palmas Verdes project located?
  • The Palmas Verdes project is situated in Pangasinan, a province in Northern Luzon. Specifically, Palmas Verdes is located in Km. 386, Bonuan Binloc, Dagupan City. It is just a 15- minute drive to the city proper and a short distance walk to the Bonuan beach.
• What kind of properties is Palmas Verdes offering?
  • Palmas Verdes is offering house and lot developments and lot only developments with future house components. This subdivision project has 84 lots with individual titles.
• When do you start the project?
  • The project’s site development has already started. The streets have been laid out. The drainage, electrical and water supplies are being worked out. The entrance gate, sales office, Model Valerie have been was already constructed and construction of buyers’ houses is in full swing.
• Is the property approved for subdivision and are the lots individually titled and ready to be transferred to buyers once the house is finished?
  • Yes, Palmas Verdes has all the government permits to develop the subdivision and the HLURB License to Sell the subdivided lots. The title will be transferred to the buyer after full payment of the property (either directly or thru a bank) and submission of all necessary documents.
• Are your houses ready for occupancy? When can we move in?
  • The houses are not ready for occupancy (NRFO). Move-in to the unit will be scheduled as soon as the buyer provides the required amount of payment and has signed all the necessary documents prior to moving in.
• Is the property secure enough?
  • Yes, the subdivision is very secure. It will be protected by a continuous perimeter fence and a 24-hour guard-duty at the gates.
• Who operates the power and water system? Will they supply the needs of the subdivision at 100% occupancy?
  • Palmas Verdes will have its own Property Management Team who will handle the subdivision after it has been turned over to the Home Owners Association (HOA). The water and power systems are fully provisioned to function at 100% occupancy.
• How will the homeowner association be managed? Is it by the developer or the homeowners?
  • Homeowner associations are usually organized by the developer initially but eventually, the management is transferred to the homeowners’ association who elect their own board. After all they are the ones who own the subdivision. But the developer will not transfer this responsibility to the association until such time that there are enough buyers to sustain and maintain the subdivision properly. The developer ensures a strong commitment to the satisfactory maintenance of Palmas Verdes; otherwise it will adversely reflect on them.
• Why should I prefer Palmas Verdes to other subdivision projects?
  • The developer, Arcinue Development Corporation, presents a solid track record in property development at the Sual Power Plant owned by an American Company with high-quality international building standards. The houses at Palmas Verdes are beautifully and functionally designed by B.B Soriano + Associates, an architectural and engineering firm, that is known for its excellent work here and overseas. By using the “buhos” technology in the construction of the houses, the walls will be made up of solid 3000 psi concrete (“buhos”) with steel bar reinforcement as compared to the traditional construction method using hollow blocks. The project site is located in a flood-free area. (Pls. see brochure for more features and amenities.)

Buying House and Lot Units or Lots Only

• How many house models does Palmas Verdes offer?
  • The Palmas Verdes project has 8 house models with varied floor designs that will surely cater to the discriminating taste of the buyers. There are several designs that will suit the needs of a buyer based abroad and have senior loved ones here to take care of.
• How long can you finish constructing a house if I buy one now?
  • House construction timetable is 4-6 months, depending on the size of the house.
• Do your plans allow for future expansion of the house?
  • There are certain models that will allow this and especially so if your lot will allow it, your house can accommodate more car space, an extra room or a bigger kitchen; but this will be subject to the approval by the Construction Committee of Arcinue Development Corp. which will provide the buyer a list of allowable options for upgrading
• What appliances are included in the kitchen area?
  • (All new homes in the USA include stove, microwave, trash disposer underneath sink) All of the above are not part of the saleable units but the developer makes it a point that appliances would be on an optional basis depending upon the brand and the features of the appliances. The developer can purchase and install all options that the buyer will choose from the list of upgrades with corresponding additional cost to the buyer. This is the usual practice here since different buyers have different preferences
• I prefer to buy lots only. What should I do when I want to build a house on my lot?
  • Lot buyers who want to build later (2-yr prescriptive period) after the purchase of the lot will have to conform to the designs of the model houses so as not to deviate from the overall ambiance of Palmas Verdes, being a master-planned community.

On Prices, Financing Scheme, and Modes of Payment

• How much do your houses cost?
  • Palmas Verdes house and lot units range from PhP 3.7 million to PhP7.8 million with floor areas ranging from 165 square meters to 313 square meters, respectively.
• What are the financing options available? Are the amortization payments affordable?
  • The financing schemes available are Deferred Cash, In-house Financing and Bank Financing. Yes, amortization payments are affordable.
• Where can payments be made?
  • All payments are accepted only at the Palmas Verdes Sales Office, Km 386, Brgy. Bonuan Binloc, Dagupan City. Payments can be made either in cash or in check. An official receipt will be issued for cash payments while a provisional receipt will be for check payments followed by an official receipt after the check has been cleared.
• Can I purchase a property even if I’m abroad?
  • Absolutely. You have the option to issue a special power of attorney to any individual whom you’ve authorized to transact with us in your behalf. Arcinue Development Corporation can make arrangements to send through a courier any of the sales documents that you need to evaluate and sign. However, you will be responsible to send us back the signed documents for processing.
• How can payments be made if I’m based overseas?
  • If you are based overseas, you have the option to issue post-dated checks drawn from a local bank; make arrangements for fund transfer - either through bank-to-bank transaction or door-to-door delivery; or authorize a representative to pay on your behalf.
• What documents are needed when buying a Palmas Verdes house & lot or lot only?
  • There are several documents required in purchasing a Palmas Verdes property:
  • For Individual Buyers:
    1. Reservation Agreement
    2. Buyer’s Information Sheet and signed quotation sheet
    3. Certificate of Employment & Compensation from current employer or photocopy of payslips for the last 6 months
    4. Photocopy of Income Tax Return for the last 3 years
    5. Photocopy of Residence Certificate
    6. 2 pcs. 1” x 1” ID picture
    7. Special Power of Attorney - if buyer cannot be personally present
    8. Affidavit of Waiver for non-Filipino citizens or previously of Filipino citizenship
    9. Guardianship Papers for Minors For Corporate Buyers:
    1. Reservation Agreement
    2. Buyer’s Information Sheet and signed quotation sheet
    3. SEC Registration
    4. Articles of Incorporation and By-laws
    5. Board Resolution
    6. Secretary’s Certificate
    7. Photocopy of Income Tax Return for the last 3 years
    8. Photocopy of Residence Certificate of Signatory
    9. 2 pcs. 1” x 1” ID picture of signatory
• What are the documents that Palmas Verdes will provide me?
  • 1. Upon reservation, you will be given a copy of the signed quotation sheet.
    2. Upon making full downpayment, a Contract To Sell will be signed, with the notarized copy given to you after one week.
    3. The Deed of Absolute Sale is processed upon full payment of your property.
    4. The Property Titles will be processed and delivered to you within 90 days from the time the Deed of Absolute Sale was notarized.
    5. The Tax Declaration will be issued one month after the transfer of the property to the Buyer’s name.
    6. Receipts are issued every time a payment is made (i.e., downpayment, monthly amortization)