Horizons 101 Condominium Terminated???

[ghostie2472]

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If my memory serves me right I think horizons 101 is under the development of TAFT ventures which was own by Gaisano (capital)..

basin padulong na sila mo down boss.. and yeah it is on the news today their rip raps just collapsed.. bang...

Mura diay ni ug katong nahitabo sa Gaisaho Hugno sa Tisa, Labangon while gi construct pa ang building?

[salbahis]

hmm let me see if my real-estate knowledge still applies... just correct me if im wrong...

1. Namaligya na sila ug condo units nga wala pa mu materialize? So you're paying for something that's not yet there??

Normally developer will start selling even if the unit is not yet constructed or done, this goes samething with subdivisions and memorial lots, they call it pre-selling... sometimes it is cheaper to buy it at pre-selling... as what ive experienced, pero dili to condo memorial lot ra... then once the price rise you can sell it if your done paying it, or have it assumed by someone who wants to assume the payment...

2. Say, nipalit kag condo unit diha nga wala pa ni materialize. Tagaan ka ana'g title or certification nga imoha ng air space babaw sa lot title sa 101? :O Unya ang title sa yuta mismo kay sa 101 gihapon?

afaik you will ONLY be given a certificate for occupancy once mahuman nakag bayad and nahuman napud ang unit or natuman ang gikasabutan sa contructor like some changes on the interior... in condo you are not buying a lot but you are buying a unit... dili ni siya pareha sa subdivision... you have a right to any ammenities mentioned on the contract but not as sole owner but part owner..

like swimming pool everyone in the unit can use it... some condo offers private parking space afaik...

i hope ive answer you question the best i could... dugay naman gud ko wala na mag agent... sukad naa nay licensed but my mother does, sayang daghan na raba tana prospect ako mother ani...

[peachjay26]

tinuod ni?wla pa gne mka barog den karon terminated na daun?lets see f unsa gyud ni...

[ghostie2472]

tinuod ni?wla pa gne mka barog den karon terminated na daun?lets see f unsa gyud ni...

Wala pa gani maka barog ug tarong na hugno na.

[salbahis]

this issue should be directed to the contractor and not the developer (TAFT), the mistakes are made by the contractor.... if there are design flaws then take it to the architect, if there is an issue on the construction take it to the contractor, and if there is a problem on the acquisition of unit... then thats the time you go to the developer...

[labyrinthbw]

strategic ra ba kaayo ni nga lugar dah..

murag ang dakog igo ani kay ang Taft man oi maski unsaon ug tuwad-tuwad, ang hunahuna sa mga tao kay ang developer man dli ang contractor..tsk tsk tsk sayang kaayo, badshata

[salbahis]

strategic ra ba kaayo ni nga lugar dah..

murag ang dakog igo ani kay ang Taft man oi maski unsaon ug tuwad-tuwad, ang hunahuna sa mga tao kay ang developer man dli ang contractor..tsk tsk tsk sayang kaayo, badshata

who makes the construction? the digging? the hammering? the piling of cement? and developer ba? o ang contractor?

if ang imo balay nahugno while making the foundation, would you blame the carpenter? or the architect?

[crossramz]

horizons 101 diba stands for 101 storey bldg? so if ang isa kay 55 storey like what ricz posted so mas taas ang other one 56 storey? or sayop lang jud ko?

[ReikoChan]

Thank you @flanker & @salbahis. Everything makes perfect sense now.

@topic

Respondeat superior. It may be the contractor's fault but TAFT has a responsibility to look over the safety of the construction, too. Pretty sure this incident has shaken up the TAFT folks wide-awake already.

[Shamash]

Two quick questions.

1. Namaligya na sila ug condo units nga wala pa mu materialize? So you're paying for something that's not yet there?

2. Say, nipalit kag condo unit diha nga wala pa ni materialize. Tagaan ka ana'g title or certification nga imoha ng air space babaw sa lot title sa 101? :O Unya ang title sa yuta mismo kay sa 101 gihapon?

1. They call it pre-selling. Prices at this period are usually cheaper than those after the building is complete. They then use your money to pay for the building cost or part of it. That's good business for them.

2. You are issued a Condominium Certificate of Title. http://www.cebuestates.com/assets/im...m-title750.jpg
You are only buying the unit, not the lot. Technically you own part of the common areas, but they should remain undivided.