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DMCI - Sheridan Towers
Philippines
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Consumer complaints and reviews about DMCI - Sheridan Towers
Mhe
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Mar 28, 2019
High Interest Rate
To all potential buyers of condo, yes think twice before buying a condo unit. There are a lot of hidden charges specially if its in-housed. The TCP of my unit is 2.3M and I paid on the spot Php 459k, turn over fee is 170k, and they are asking me to pay 240k closing fee, while my monthly amortization is 32k. Im transferring it to BPI and surprisingly, they are charging me 206k for loan difference. Imagine TCP is only 2.3M and after 2 years, my total unsettled balance is still Php 1.9M considering the total amount I paid is Php 459 DP + 170K (too high for a turn over fee) + Php 240k closing fee + 32k monthly for almost 2 years? Is this legal? It will always be in favor of the Developer.
Unit is ok, parking is limited, unless you purchase your own. guests parking is only 3 slots :D hehe. I highly discouraged customers getting a condo unit.
I don't recommend buying a condo in general. You can purchase a house and lot on that amount and the land is yours.
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