FREQUENTLY ASKED QUESTIONS

Southwynd Residences is an economic and affordable housing brand, developed by Palm Beach Realty and Development Corporation (PBRDC)

Southwynd Residences offers the following house models:

• Blanca (Inner Rowhouse) – Best for Independent Yuppies
• Beatriz (End Rowhouse) – Perfect for Couples/Newlyweds
• Stephanie (Two-Storey Single Attached) – Suitable for Growing Families

Fill out our online inquiry form here: Inquire Now Page

A Southwynd Representative will contact you within one (1) working day.

Fill out our Tripping Form here: Tripping Page Link.

The appointment is subject to availability and confirmation by Southwynd Marketing.

Buyer needs to submit the following:

• Two (2) Valid IDs with 3 Specimen Signature
• Latest Certificate of Employment and Compensation (COEC) / One (1) Month Latest Pay Slips
• Photocopy of Tax Identification Number (TIN) ID / TIN VERIFIED
• Proof of Billing / Brgy. Clearance
• Employees' Statement of Accumulated Value (ESAV) / Membership Status Verification Slip (MSVS) for Pag-IBIG Financing
• Duly Filled Out Southwynd Buyer’s Information Sheet (BIS)

Buyers can pay via cash at Southwynd Sales Office, issue post-dated checks, pay via over-the-counter banking, or pay via online banking.
For more information, read our Payment Guide.

Pag-IBIG Financing, Bank Financing, Deferred Financing, and Spot-Cash

• For Pag-IBIG Financing, maximum of 30 years up to 69 years of maturity age.
• For Bank Financing, maximum of 25 years for Locally Employed, Self-Employed, and OFW up to 65 years of maturity age.

Please refer to the estimated computation below:

• If the principal buyer’s gross income is not enough to avail a housing loan, the principal buyer can add up to two (2) qualified co-borrowers.
• For Pag-IBIG Financing, the co-borrower can be a family relative up to the second degree of consanguinity.
• For Bank Financing, the co-borrower should be immediate family only.

Buyer must have the following to qualify for the loan:

• At least twenty-four (24) monthly membership savings (a lump sum payment of the required monthly membership savings is allowed);
• Age of not more than sixty-five (65) years at the date of application and not more than seventy (70) years at maturity of the loan;
• Legal capacity to encumber real property;
• Ability to pass satisfactory background/credit and employment/business checks of Pag-IBIG Fund;
• No outstanding Pag-IBIG Short-Term Loan (STL) in arrears at the time of the loan application;
• No Pag-IBIG Housing Loan that was foreclosed, canceled, bought back due to default, or subjected to dacion en pago (payment in lieu)
• If with an existing Pag-IBIG Housing Loan as a principal buyer / borrower or co-buyer / co-borrower, the account must be updated.

• The developer, Southwynd Residences/Palm Beach Realty and Development Corporation, will assist the clients in securing the housing loan application and approval from the accredited financial institution. Buyer is required to cooperate with us in signing and submitting necessary requirements/documents needed for loan application and approval.
• Non-compliance with the required documents is subject to the cancellation of the account and forfeiture of payments made as and by way of liquidated damages.

• The lineup for house construction is upon the first Notice of Approval (NOA) of the housing loan application.

Southwynd Residences houses are built through Cast-in-Place construction method (buhos).

House turnover is Complete Finished.

House turnover is within 30 days upon loan takeout / release. Check our buyer’s guide page for more information.

Electricity, water, and internet application will be processed and shouldered by the homeowner to the respective accredited provider of the subdivision.

• HOA dues may vary depending on the location of your subdivision. You may inquire about the rates at the HOA office of your subdivision.
• If the subdivision is still under the developer’s management, the developer initiates the collection of the maintenance / HOA dues to cover expenses of maintenance, security, garbage collection, street and park lighting, and other service activities of the community.
• HOA Membership is mandatory and homeowners are required to pay the HOA dues.

• The homeowner shall start to pay the maintenance / HOA dues thirty (30) days upon loan release/takeout. Accepted/Not Accepted Unit. Move-in or Not Yet Move-in.

The homeowner shall pay the next year’s real estate property tax or ‘amilyar’ upon house turnover/takeout. Amilyar should be paid on or before January 31 each year at the municipal treasurer's office where your property is located. You may need to bring a copy of your property title and tax declaration number.