FAQs about Banyan Tree Residential Units
What types of residential units are available for purchase at Banyan Tree Residences Manila Bay?
Banyan Tree Residences Manila Bay offers a variety of residential units, including two-bedroom, and three-bedroom apartments, Signature Bay Units bi-level, and penthouse. Each unit is designed with luxury finishes and modern amenities, catering to different lifestyle needs and preferences.
What amenities can residents expect at Banyan Tree Residences Manila Bay?
Residents at Banyan Tree Residences Manila Bay can enjoy a range of premium amenities, including a swimming pool, fitness center, spa, landscaped gardens, children’s play areas, and a function room. The development also emphasizes wellness and relaxation, providing spaces for leisure and socializing. Exclusive access to Club Lounge is limited to residents of Banyan Tree worldwide, it functions as a communal area where residents can engage and interact with individuals of similar prestige.
How does the Banyan Tree brand enhance the living experience for residents?
Banyan Tree enhances the living experience for residents through a focus on luxury, wellness, and sustainability. Their properties often feature spacious accommodations, personalized services, and wellness amenities like spas and fitness centers. Additionally, Banyan Tree emphasizes local culture and nature, integrating eco-friendly practices and offering unique experiences that connect residents with their surroundings, fostering a sense of community and tranquility. This holistic approach creates a distinctive and enriching living environment.
Are there any restrictions or regulations for foreign buyers interested in purchasing a unit in Banyan Tree Residences Manila Bay?
Foreign nationals are allowed to own Banyan Tree Manila Bay units, provided that foreign ownership in the building does not exceed 40%. This means that a maximum of 40% of the units in a Banyan Tree Manila Bay project can be owned by foreign investors.
What is the expected timeline for completion of the Banyan Tree Residences Manila Bay project?
Completion date of Banyan Tree Manila bay is by 2028.
Are there any maintenance fees associated with owning a unit in Banyan Tree Residences Manila Bay?
Yes, residents will be required to pay monthly or quarterly maintenance fees. These fees cover the upkeep of common areas, amenities, security services, and other operational costs of the property.
Can owners rent out their units in Banyan Tree Residences Manila Bay?
Yes, owners can usually rent out their units, either for long-term leases or minimum of 1 year rent. Banyan Group Residences will also provide top-tier rental services for owners who wish to generate a rental income.
What is the process for purchasing a unit in Banyan Tree Residences Manila Bay?
The purchasing process generally involves several steps:
1. Interested buyers should inquire about available units and schedule a site visit.
2. Reservation - once a unit and payment term is selected, buyers typically pay a reservation fee to secure the unit.
3. Contract Signing - after the reservation, buyers will sign a contract and are required to pay a down payment.
4. Financing - buyers can explore financing options if needed, either through banks or the developer’s financing plans.
5. Completion and Handover - upon completion of the project, buyers can then finalize any necessary payments. After the full payment, Banyan Tree will hand over their unit. Next is the signing of deed of sale, and then buyer can expect the owner’s copy of certificate of condominium title in the next couple of months.
Are there options for customization or upgrades for the residential units?
It can offer options for customization or upgrades to certain features of the units, depending on the stage of development and approval of the developer. Buyers should inquire with their respective Global Investment Strategist about the available options for interior finishes, layouts, and any additional features that can be added to their units.