Megatower 7 Condominium Residences is now open to the market for pre-selling. Megatower condos are well known in the city of Baguio as one of the local developments that have good strategic locations in the central business district of the city. Megatowers 7 still has that strategic central business location and has a high-value rate for having a mix-used for residential and commercial use.
Let’s dove right in, on why Megatowers 7 might be one of the best CBD pre-selling condos right now in the real estate market of Baguio. We will also tackle some FAQs about the developments and a full presentation about it.
Megatower VII Residences
Permits
- License To Sell No. 0020
- HLURB-NLR-CAR-AA-2018/04-005
- Target Project Completion February 28, 2026
Location of Megatower Residences 7
- No. 1 Honeymoon Road, Honeymoon-Holyghost, Baguio City, Benguet, Philippines
Nearby Establishments
- Saint Louis University ⚬4 mins. walk / 270m away
- Baguio Public Market ⚬11 mins. walk / 700m away
- University of Baguio ⚬16 mins. walk / 1.1 km away
- Notre Dame Hospital ⚬5 mins. drive / 1.1 km away
- SLU Hospital ⚬6 mins. drive / 1.2 km away
- Baguio City Hall ⚬7 mins. drive / 1.4 km away
- SM City Baguio ⚬7 mins. drive / 1.4 km away
Overall Development Features
- 8 Storey Building with 5 Split Basements
- 622 Residential
- 8 Commercial
- 94 Parking Slots
Floor Plans
Studio Units Only. Sizes vary from 15.28 SQM to 44.19 square meters
Service Areas
- Lobby
- Reception Area
- Commercial Spaces
- Roofdeck
Other Features
- Complete CR Fixtures
- Readily installed kitchen countertop with over and under head Cabinets
- Free wardrobe cabinet
- 24/7 Security Services
- CCTV Surveillance System
- Equipped with Elevators
- Garbage Chute
- Centralized Water System
- With Standby Generator
Unit Types
- Studio Only
Studio Unit | 2 – Single Beds
Studio Unit Type 1 Single Bed
Architects Perspective Studio Finish
So Why MegaTowers 7 Residences Condominium?
Accessibility
Situated in a self-sustaining community, everything you need is within your steps!
Trusted Developer
In business since 2010, the company has already sold a total of 941 residential units, 49 commercial units & 80 parking spaces.
Secured Building Completion
Giving importance to the time value of money, the company already has started the construction of the building and is already on its 38% structural stage of completion.
Pre-selling Pricelist
Payment Details
What Do You Pay?
NET CONTRACT PRICE (NCP)
- The price of the unit, net of all discounts and is the basis of the collection
TRANSFER FEE (TF)
- Additional cost on top of the NCP equivalent to 7% of the list price covering move-in & title transfer fees
VALUE-ADDED TAX (VAT)
- Additional cost on top of the above-mentioned items if the unit for purchase exceeds the threshold
OPTION 1 – SPOT CASH
5% PROMO DISCOUNT
10% OPTION DISCOUNT
HOW TO COMPUTE?
List Price
LESS: 5% Promo Discount
Net List Price
Less: 10% Option Discount
NET CONTRACT PRICE
When to pay?
UNIT PRICE (NCP):
-net of the reservation fee, it must be settled within one month from the date of reservation
TRANSFER FEE (TF):
-to be paid before move-in
VALUE-ADDED TAX (VAT):
-can be paid either with NCP or TF
OPTION 2 – INSTALLMENT
5% PROMO DISCOUNT
5% OPTION DISCOUNT
HOW TO COMPUTE?
List Price
LESS: 5% Promo Discount
Net List Price
Less: 5% Option Discount
NET CONTRACT PRICE
Divided by 40 months 0% Interest
When to pay?
UNIT PRICE (NCP):
-A COMPLETE POST DATED CHECKS MUST be issued covering the net contract price (net of reservation fee) within one month from the date of reservation
TRANSFER FEE (TF):
-to be paid before move-in
VALUE-ADDED TAX (VAT):
-can be paid either with NCP or TF
OPTION 3 – BANK FINANCING
5% PROMO DISCOUNT
HOW TO COMPUTE?
List Price
LESS: 5% Promo Discount
NET CONTRACT PRICE
Multiply by 20%
REQUIRED DOWN PAYMENT
Divided by 40 months 0% Interest
MONTHLY AMORTIZATION OF DOWN PAYMENT
REMAINING 80% FOR BANK FINANCING
When to pay?
UNIT PRICE (NCP):
-A COMPLETE POST DATED CHECKS MUST be issued covering the down payment (net of reservation fee) within one month from the date of reservation
TRANSFER FEE (TF):
-to be paid before move-in
VALUE-ADDED TAX (VAT):
-can be paid either with NCP or TF
Sample Computation
Forms to Accomplish
Payment & Collection Guidelines
Key points:
1. Reservation Fee is non-refundable & non-transferrable
2. Holding of Check is only allowed upon completion of Holding Form & is made
Client Information Form (CRF)
Important to identify assisting agents and assisting staff during purchase
Individual Buyer’s Information Sheet (BIS)
PRINCIPAL – Single or unmarried buyer
MARRIED TO – Married but preferred to identify principal (dominating) ownership of the property
SPOUSES – Married and equally identified as the owner of the property
PARTNERSHIP / CORPORATION – Named under a registered entity
JOINT TENANCY – Multiple ownership
Financial Information Sheet (FIS)
NOT REQUIRED IF PAYMENT IS MADE THROUGH SPOT CASH OPTION
Turn Over Guidelines
KEY POINTS
- Turn over schedule is on February 2026
- Real Property Tax will be billed to the owner after title transfer covering RPT from the time of moved-in
- Current association dues are @ 50 pesos per sqm. subject for a possible change by the time of turn over on the year 2026
Specifications Digest – Bare Unit
Specifications Digest – Studio Unit
Documentary Requirements
INITIAL DOCUMENTS NEEDED TO BE SUBMITTED DURING PURCHASE IS THE PERSONAL REQUIREMENTS
Financial Requirements shall not be required for FULL SPOT CASH PAYMENT & shall be submitted by the rest upon compliance with the bank.
What To Submit?
2 Valid IDs
TIN ID
Proof of billing (utility/insurance)
*reflecting declared address
Marriage Certificate or CENOMAR
IF ACQUISITION IS UNDER A BUSINESS NAME, please see the list of requirements in Annex D
TAKEAWAY
Megatower 7 Condominium Residences is true to its nature as a premiere condo development within the central business district of Baguio. You can make it as your own residential or rent it out as an Airbnb or short to long-term rental. So, what are you waiting for call me now to reserve your very own Megatower 7 unit.