Buyer's Guide

RESERVATION PROCESS

STEP 1

The Buyer informs the Seller of their intent to purchase a preferred unit. The Seller then requests an inventory hold for the unit. Federal Land holds the unit for twenty-four (24) hours upon request.

STEP 2

The Buyer obtains a customer number from Federal Land and pays the reservation fee through Metrobank’s bills payment facility within the 24-hour deadline.
Note: If payment is not received within the twenty-four (24) hour deadline, Federal Land will release the unit.

STEP 3

The Buyer submits the following Day 1 Documents within seven (7) days from the payment of the reservation fee:

Copy of the validated bills payment to Federal Land
Signed Reservation Agreement (RA)
Buyer’s Information Sheet (BIS)BIR Form 1903/1904
Copy of valid government-issued identification cards (ID)

Note: If the Day 1 Documents are not submitted within the given period, Federal Land will lift the hold on the unit.

STEP 4

Federal Land verifies the completeness and accuracy of the Day 1 Documents.
Note: If the documents are incomplete, they will be returned to the Buyer for completion.

STEP 5

Federal Land books the reservation as an official sale, prints the Contract to Sell (CTS), and sends a copy of the signed RA along with the CTS to the Seller for the Buyer’s signature. The Buyer then returns the signed CTS.

PAYMENT OPTIONS

METROBANK PAY

Step 1
Login to the Metrobank Pay App
Step 2
Tap Pay then, select Pay Bills
Step 3
Select Real Estate in the categories
Step 4
Choose the biller company
Step 5
Fill in the necessary details
Step 6
Fill in the necessary details

METROBANK ONLINE

Step 1
Go to metrobank.com.ph and enter your username and password.
Step 2
Choose "Add Company/Biller" Icon.
Step 3
Fill in the required enrollment details:

Company/Biller Name: Choose the company name from the dropdown list
Subscriber Number: 6-digit SAP Customer Number
Subscriber Name: Buyer’s name

Step 4

Tick Online Banking and click the Submit button.

HOW TO MAKE PAYMENT IN METROBANK ONLINE

Step 1
Go to metrobank.com.ph and enter your username and password.
Step 2
Choose “Pay Bill” icon.
Step 3

Select the Company/Biller from the drop-down list.

Step 4

Encode amount of payment and remarks for future reference.

Step 5

Print Acknowledgement page by clicking “Printable Version” for future reference.

Step 1
Go to the Treasury Office at 14F GT Tower International, Ayala Ave. cor HV dela Costa St., Makati City
Step 2
Get a queuing number at the Reception area

Step 3

Present your payment to our Cashiers and a valid receipt will be issued.
Acceptable payments over the counter:

CASH

For Cash payment > Php 50,000.00, proceed to the nearest Metrobank branch and pay through Bills Payment Facility – see Bills Payment – Metrobank branches or visit metrobank.com.ph for the complete list of branches.
For US Dollar payments, amount will be converted to Peso equivalent based on the Company’s prevailing rate at the time of receipt of payment.

CHECK

Must be currently dated or at least issued within 170 days from the date of the check.
For USD, must be drawn within US territory only. The amount is converted to Peso equivalent based on Company’s prevailing rate at the time the check is received
Check and date format should be in accordance with the Philippine Clearing House Corporation (PCHC) approved standard format
No alterations on the Peso check
Alterations on the USD check must be countersigned
Agents cannot use/ issue their personal checks when paying for the account of the buyer

DEBIT/CREDIT CARDS

Cardholder should be present when doing their transaction. They should present valid ID for checking and verification. Credit Card transaction slip should be signed by the Cardholder.

Step 4

Tick Online Banking and click the Submit button.

Step 1
Issue Post-Dated Checks based on your Schedule of Payment.

Ensure that these details are followed in the Check:

Pay to the order of the Company Name.
Date and amount of check should match your Schedule of Payment.
Amount in words should always match with the amount in figures.
Signature of the account holder must always be present.
6-digit SAP Customer Number must be written at the back of the check.
- (The SAP Customer Number is indicated in your Statement of Account, Schedule of Payment, Official receipts etc).
For PESO PDC:
- The back portion of the check should have the PCHC required dorsal format.
- No alterations or erasures on the check
For USD PDC:
- The account holder must sign any alteration on the check.
- USD checks drawn outside US territory are not acceptable.
- Third currency checks are not acceptable.

CASH

For Cash payment > Php 50,000.00, proceed to the nearest Metrobank branch and pay through Bills Payment Facility – see Bills Payment – Metrobank branches or visit metrobank.com.ph for the complete list of branches.
For US Dollar payments, amount will be converted to Peso equivalent based on the Company’s prevailing rate at the time of receipt of payment.

CHECK

Must be currently dated or at least issued within 170 days from the date of the check.
For USD, it must be drawn within US territory only. The amount is converted to Peso equivalent based on Company’s prevailing rate at the time the check is received
Check and date format should be in accordance with the Philippine Clearing House Corporation (PCHC) approved standard format
No alterations on the Peso check
Alterations on the USD check must be countersigned
Agents cannot use/ issue their personal checks when paying for the account of the buyer

DEBIT/CREDIT CARDS

The cardholder should be present when doing their transaction. They should present a valid ID for checking and verification. Credit Card transaction slip should be signed by the Cardholder.

Step 2

Submit the PDCs to your Property Specialist or to Federal Land Inc Treasury Office at 14F GT Tower International Ayala Ave cor HV dela Costa St. Makati City.

HOW TO ADD BILLER?

Step 1
Go to metrobank.com.ph and enter your username and password.

Step 2
Choose "Add Company/Biller" Icon.
Step 3
Fill in the required enrollment details:

Company/Biller Name: Choose the company name from the dropdown list
Subscriber Number: 6-digit SAP Customer Number
Subscriber Name: Buyer’s name

Step 4
Tick Online Banking and click the Submit button.

HOW TO MAKE PAYMENT?

Step 1
Go to metrobank.com.ph and enter your username and password.
Step 2
Choose "Add Company/Biller" Icon.
Step 3

Choose the enrolled account to be debited fromm the drop down list.

Step 4

Select the Company/Biller from the drop down list.

Step 5

Encode amount of payment and remarks for future reference.

Step 6

Print Acknowledgement page by clicking “Printable Version” for future reference.

Automatic monthly transfer can be used for monthly down payment by ticking Regular Scheduled Date.

Step 1
Visit metrobank.com.ph and choose Remittance Services/ Metrobank Remittance-directory
(MetroRemit Overseas Directory) for a complete list of branches.

Step 2

Fill out the Remittance Application Form:

Beneficiary Name: Company Name
Address 20th F GT Tower Intl. Ayala ave. cor HV dela Costa St. Makati City
Remitter’s Name: Contract Name or Remitter’s Name FAO Contract Name
Reference: 6-digit SAP Customer Number
Beneficiary Account No.: Available upon request from your Property Specialist
Swift Code id is MBTCPHMM

Step 3

Present one (1) valid ID together with your payment and remittance service fee.

Step 4

Tick Online Banking and click the Submit button.

Step 1
Issue Post-Dated Checks based on your Schedule of Payment.

Ensure that these details are followed in the Check:

Pay to the order of the Company Name.
Date and amount of check should match your Schedule of Payment.
Amount in words should always match with the amount in figures.
Signature of the account holder must always be present.
6-digit SAP Customer Number must be written at the back of the check.
- (The SAP Customer Number is indicated in your Statement of Account, Schedule of Payment, Official receipts etc).
For PESO PDC:
- The back portion of the check should have the PCHC required dorsal format.
- No alterations or erasures on the check
For USD PDC:
- The account holder must sign any alteration on the check.
- USD checks drawn outside US territory are not acceptable.
- Third currency checks are not acceptable.

Step 2

Submit the PDCs to your Property Specialist or to Federal Land Inc Treasury Office at 14F GT Tower International Ayala Ave cor HV dela Costa St. Makati City.

(New!) Electronic Automatic Debit Arrangement or E-ADA

METROBANK

BPI

Individuals

Initial Requirements:

Reservation Fee/Fully accomplished Reservation Application Form
Principal Valid ID (Gov’t issued)
Spouse ID (if applicable)
Fully accomplished Buyer’s Information Sheet (name of buyer, complete address, contact no., email address, TIN no. of buyer)
Duly filled-up BIR Form 1904/1903

Other Requirements:

Photocopy of current Community Tax Certificate and Valid Passport
A photocopy of Valid ID bearing the client’s picture and signature
Latest Proof of Billing
Latest Income Tax Return
Withholding Tax Remittance
Certificate of Employment with Compensation
Two Years Bank and/or Financial Statements
Business Income (if any)
Complete postdated checks for monthly amortization / downpayment
Signed contract to sell
For individual buyer with appointed representatives, please submit a Special Power of Attorney

Filipinos

Initial Requirements:

Reservation Fee/Fully accomplished Reservation Application Form
Principal Valid ID (Gov’t issued)
Spouse ID (if applicable)
Fully accomplished Buyer’s Information Sheet (name of buyer, complete address, contact no., email address, TIN no. of buyer)
Duly filled-up BIR Form 1904/1903

Other Requirements:

Photocopy of current Community Tax Certificate and Valid Passport
A photocopy of Valid ID bearing the client’s picture and signature
Latest Proof of Billing
Latest Income Tax Return
Withholding Tax Remittance
Certificate of Employment with Compensation
Two Years Bank and/or Financial Statements
Business Income (if any)
SEC Registration, if Corporation/Partnership
DTI Registration, if Sole Proprietorship
Complete postdated checks for monthly amortization / downpayment
Signed contract to sell
If working or based abroad, photocopy of Data of Entry to the Philippines.

Corporate

Initial Requirements:

Reservation Fee/Fully accomplished Reservation Application Form
Principal Valid ID (Gov’t issued)
Spouse ID (if applicable)
Fully accomplished Buyer’s Information Sheet (name of buyer, complete address, contact no., email address, TIN no. of buyer)
Duly filled-up BIR Form 1904/1903

Other Requirements:

Photocopy of Valid ID bearing the signatory’s picture and signature
Photocopy of current Community Tax Certificate (for the Authorized Signatory/ies and the Company)
Notarized Secretary’s Certificate/Board Resolution (original)
Latest Proof of Billing
Photocopy of the Articles of Incorporation and By-Laws
Photocopy of SEC Registration (for Corporation/Partnership)
Photocopy of DTI Registration (for Sole Proprietorship)
Notarized General Information Sheet (filed at SEC)
Latest Audited Income Tax Return
Two Years Audited Bank and/or Financial Statements
Complete postdated checks for monthly amortization / downpayment
Signed contract to sell

Foreigners

Initial Requirements:

Reservation Fee/Fully accomplished Reservation Application Form
Principal Valid ID (Gov’t issued)
Spouse ID (if applicable)
Fully accomplished Buyer’s Information Sheet (name of buyer, complete address, contact no., email address, TIN no. of buyer)
Duly filled-up BIR Form 1904/1903

Other Requirements:

Photocopy of current Community Tax Certificate and Valid Passport
A photocopy of Valid ID bearing the client’s picture and signature
Latest Proof of Billing
Latest Income Tax Return
Withholding Tax Remittance
Certificate of Employment with Compensation
Two Years Bank and/or Financial Statements
Business Income (if any)
SEC Registration, if Corporation/Partnership
DTI Registration, if Sole Proprietorship
Complete postdated checks for monthly amortization / downpayment
Signed contract to sell
If working or based abroad, photocopy of Data of Entry to the Philippines.

BUYER'S GUIDE

RESERVATION PROCESS

PAYMENT OPTIONS

​(New!) Electronic Automatic Debit Arrangement or E-ADA

(New!) Electronic Automatic Debit Arrangement or E-ADA