Filipino Consumer Alert

March 8, 2006

“Pre-selling” Robinsons Condominiums for 3 Years

There's a condominium unit in Global City, Taguig by Robinsons that has been pre-selling for a couple of years. There was only about three unsold units and yet it still has not broken ground.

Some buyers have been paying their mortgages for years yet Robinsons Land has not even started building. When you ask their salespeople, they will say that it will start soon. I wonder what Robinsons Land is waiting for? More capital ?

This is another case why you have to beware of "pre-selling" condominiums or houses in the Philippines.

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