What are the taxes and fees I should be aware of after the turnover?

Real Estate Tax: Value to be determined based on assessment.

Processing Fee: Payment to Megaworld for facilitation of the title transfer Condominium Certificate of Title (CCT).

Documentary Stamp Tax: Payment to the BIR for processing the documents for the unit title transfer (CCT). This amounts to 1.5% of the zone value or contract price

Transfer Tax: Payment to the city treasurer for recognizing the transfer of title (CCT). This amounts to 0.7% of the zone value or contract price.

Registration Fee: Payment to the registry of deeds for the registration of the unit under the client’s name. This amounts to 0.5% of the zone value or contract price.

Association Dues: Monthly payment to the property management for the building staff, security, maintenance of common facilities, and other operational expenses.