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I visited MegaWorld development at the BGC just to browse their new condominium units that were under construction per a referral from my niece. It was not my intent to sign up for a one bedroom unit in one of the 3 towers that were under construction. The sales staff were pretty aggressive like hawks. I was undecided to sign up but three sales person ganging on me persuaded me to sign up for the 25,000 Php signing fee using my credit card.

After I signed up the paperworks, I had seconds thoughts since the unit was pretty expensive. As a requirement of signing up for the presales, I had to open the account and had to issue 48 checks for the monthly amortization in the amount of 25,000 Php per month. I did not have a checking account but the sales lady who was my contact aggressively volunteered to use her checking account under her name and issued the checks on my behalf. So, I ended up sending her the amount for the monthly amortization.

The problem started to come up. The checking account was assessed for almost 5,000 Pesos in penalties for insufficient funds. I was notified by the person who owned the account but not the total amount of penalties. I continued sending the amount to the account of the sales person for 4 months. Another problem cropped up. The last two payments did not post. Megaworld sent me copies of the receipts that I owed payments in arrears. I had a penalty of 750 pesos for the month that the payment was posted late. The last payment was not posted due to insufficient funds even if I sent the 25,000 pesos monthly since I started in October. I called the sales lady but she was not responsive. I sent two emails to Megaworld to report my issue, none cared to answer.

Megaworld, its sales staff and the developer as a whole is pretty unhelpful. I did not have online access of my account that I supposed to be paying. I requested help from Megaworld, no one helped. It is pretty bad. This incident was problematic if I continue to pay my presale commitment. I had spent 100,000 Php for the four payments of 25K each month and 25K of signing fee, a total of 125K Php. With the above loss, I decided to discontinue paying the amortization as I see a bigger problem with the developer in the near future.

These people in the Megaworld, sales staff and the administrative/accounts are similar - senseless, apathetic, greedy, and self serving.

Customarily, I usually look for reviews of a certain company prior to signing up. In this case, the sales staff was aggressive and I ended up signing and lost 125K Php.

Lessons learned, make sure you look for reviews of a Philippine business establishment prior to committing to purchase their services because there are these companies that prey the innocent. Be smart and educated prior to releasing big sums of hard earned money!!!! Beware of these aggressive sales people and be prepared to say NO!

Beware the MegaWorld developer. With a lot of condo developments, Manila is saturated with condo developments at an expensive price. It is better to buy a single family home which is similarly priced and larger than a one bedroom condo unit in BGC or SM sites. There is this danger of earthquake in high rise buildings. They are not earthquake proof even with the seismic design criteria implemented in building codes.

BEWARE! STAY AWAY FROM MEGAWORLD OR THESE CONDO DEVELOPMENTS UNLESS YOU HAVE MORE MONEY TO BURN!

Reason of review: Poor customer service.

Monetary Loss: $125000.

Preferred solution: Since I will not be able to recoup my losses, I hope others are aware of similar situation..

Megaworld Cons: Very unprofessional staff, Lack of communication, I regret signing a contract with megaworld for the units.

Location: Florence Way, 1634, McKinley Pkwy, Taguig, 1630 Metro Manila, Philippines

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