Welcome to SM Development Corporation (SMDC) Website (https://www.smdc.com). Your access to and use of this website is bound by your acceptance and compliance to the following terms and conditions of use:

1. By entering this website, user is giving consent to SMDC to collect non-identifiable information in order to track and serve relevant contents.
2. Any information contained herein may not be reproduced, transmitted, distributed, displayed, sold, published, broadcasted, circulated, or used in any manner without prior written consent of SMDC. Unauthorized use of this website may give rise to a claim for damages and/or be a criminal offense.
3. SMDC shall not be held liable for any consequences resulting from the use of any of the information or materials found in this website. It shall be the user’s responsibility to check whether or not the products, services or information available through this website meet specific requirements or if said information is accurate, current or updated.
4. The SMDC website at its sole discretion may choose to change the terms, conditions and operation of this website at any time without prior notice. New content is added as it becomes available.
5. SMDC do not make any express or implied warranties, representations, endorsements or conditions with respect to this Site, or that no viruses or other contagious computer program will be transmitted to your computer system. It is the user’s sole responsibility to carry out the necessary safety measures to ensure that your computer is sufficiently protected from computer viruses or other destructive properties.
6. The contents herein do not constitute part of an offer or a contract.
7. These terms shall apply to all visitors, users and others who access or use this website. For questions, please contact us.

Reservation Provision

1. As proof of my interest to purchase the Property, I hereby tender the sum mentioned in the Terms of Payment (*) as Reservation Fee, exclusive of VAT, in order to reserve the Property for our intended purchase which shall be effective for a period of thirty (30) days from delivery of the Reservation Fee. I understand and acknowledge that the Reservation Fee is non-refundable. Should I decide to cancel my reservation; fail to submit all the documentary requirements, including this Reservation Agreement; or fail to pay the amounts due on the dates prescribed, for any reason whatsoever, I agree that my reservation shall lapse and my Reservation Fee shall be forfeited in favor of the Company. I will hold the Company free and harmless for thereafter releasing and offering the Property to other interested buyers.
2. I acknowledge that this reservation is non-transferable and that the Company reserves the right to accept or deny this request for reservation. Likewise, subject to a written request by me, the Company, at its sole discretion, may extend this reservation for a period of not more than fifteen (15) days within which to make the down payment, provided, however, that I shall incur a penalty charge of three percent (3%) per month, or a fraction thereof.
3. In the event the Property is found unavailable for sale for any reason whatsoever, I agree to hold the Company free and harmless from any liability whatsoever and that it shall have the option of exchanging the Property with another similar unit/lot/property as applicable or otherwise cancel this Reservation Agreement. Should there be no substitution or should the substituted Property be unacceptable to me, I shall hold the Company free and harmless from any liability for cancelling the Reservation Agreement, subject to reimbursement to me of all the payments made, without interest.

Payment and Payment Modes

4. and all payments made to any individual, realtor, broker, employee or to any party other than the Company for safekeeping in favor of or for transmittal to the Company shall be at my sole and exclusive risk and responsibility, and shall not bind nor make the former answerable in any way therefor unless and until actually received, accepted, receipted and validated by the Company’s Cashier or officer duly authorized by the Company. All checks for payment shall be crossed and shall be made payable only to the Company under its corporate name. Advance copy of Official Receipts will automatically be sent to my electronic mail address as provided in the Buyer’s Information while physical copies thereof may be secured through the Seller’s Customer Service Department, upon turnover of the Property or earlier as may be requested, by me or my authorized representative/s.
5. In case I am permitted to make payments in foreign currencies, such payments shall be credited only as converted to their value in Philippine currency based on the prevailing buying rate of the Company upon acceptance of payment. In case of underpayment, payment shall be made on the last installment or last payment due (for balloon payments). However, in case deficit exceeds 25% of the monthly amortization (cumulative over time), the Company shall have the right to demand payment and I shall pay within five (5) working days upon receipt of demand letter without penalty otherwise, the account shall incur 3% penalty per month or a fraction thereof. In case of overpayment, the last installment or last payment due (for balloon payments) shall be adjusted accordingly. I shall shoulder all bank fees, charges and taxes upon payment or conversion of foreign currencies.
6. All payments shall be made on or before their respective due dates without the necessity of any demand or any legal or judicial action. In the event that I avail of bank financing, I shall be solely responsible for filing of the loan application prescribed by the bank, together will all necessary requirements, in order that the loan shall be processed and the proceeds released to the Company on or before the due date provided in the Terms of Payment, otherwise it will be likewise subject to the regular penalties until payment and/or loan proceeds has been accepted by the company.
7. Delayed or non-delivery of the Contract-to-Sell to the Buyer shall not affect the period for the payment of monthly instalment as well as the performance of other obligations provided herein.
8. The Terms of Payment is intended for presentation to prospective Buyers. All quotes stated here are valid until the mentioned date in the Terms of Payment Scheme. The Company shall not be bound by the content of this form, or shall be responsible for any action(s) resulting on the basis hereof, unless signed by the Buyer and agent, and subsequently submitted to Sales Reservation Management Group (SRMG) of the Company.
9. The computation on this Terms of Payment is on a per unit/property, lump sum basis and not on the basis of unit measurement or dimension. The combined selling price of any adjacent units bought by the same Buyer/s from the same seller within a twelve-month period may be subjected to VAT which shall be shouldered by the Buyer/s.
10. The first down payment (DP) shall be due thirty (30) days from the reservation date.

The personal information that we collect are those you have voluntarily submitted to us. If you provide personal information of any third party to us, we assume that you have obtained the required consent from the relevant third party to share and transfer his/her personal information and to allow us, our agents and third party service providers to process said information in accordance with this Privacy Policy. If you choose to withdraw the consent for the collection, use and processing of personal information, we may not be able to provide you with our services.