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DMCI / fraud

Philippines Review updated:

They sold alta vista boracay to us as an investment. DMCI marketed and projected that the monthly income would be around 30, 000 pesos. We invested aroud 4 million pesos for the condotel unit. For the last 3-4 years [protected]) of its operation we only receive 2-3 thousand pesos a month. Worst on audit by Joseph Prima DMCI PDI hotel for its 6 months of operation cannot account 6 million pesos. DMCI and its sister company are the only one profiting from this investment scam. Lately the monthly individual rental pool share of the unit owners are not being given on time (three- 4 months delay).

DMCI
DMCI

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Comments

  • Dm
      13th of Apr, 2012

    DMCI sold alta vista de boracay to me with a projected income of 30.000 a month. after investing around 4 million and waiting three years 2007 to 2010 the average monthly income is only 2 to 3 thousand pesos! Orginally it was operated by brycyl now it is operated´╗┐ by DMCI PDI hotel inc. because of very low monthly income. On audit by Joseph prima of the condotel operation for 6 months by DMCI PDI hotel 6 million pesos can not be accounted. Up to now this can not be explained by the condotel operator. This is a scam by DMCI. Only dmci and its sister company are making mopney from this investment scam. This year 2012 Our monthly income from the condotel operation are given to us after 3 months.

    +1 Votes
  • Ra
      29th of May, 2012

    tsk tsk tsk.. it seems like corruption is inherent in DMCI's company. all of their property has some sort of problems.

    +1 Votes
  • So
      26th of Aug, 2012

    Hi! Just got our new unit here at Maricielo Villas Las Pinas.
    June 2012 was the turnover date but because of the slow process, we moved-in last week of July.
    Almost all service areas along our side is leaking. We have personally done the application of vulcaseal dhel sunod sunod na bagyo na ala pa rin aksyon. At night, the area is barely lighted din busted raw mga lights.
    There is a lot a lot of mosquitoes because of the breeding places from the poorly maintained waters of fountains/ponds. Color green na ang water nila. Windows are not well kept along the common areas, try holding it and dikit lahat ng alikabok sa kamay nyo.
    Association dues are said to increase 10% yearly . sana lng we get what we pay. The gym is not working as of now because of fault and grounds. There is still no KTV in the AVR. There is still no electric gated fence and CCTV.
    When installing your double lock, pls make sure that they are really know installing one. We were offered by housekeeping plus maintenance staff that they can do it but we were greatly disappointed with the finished product. Pictures of the end-product are with us.
    Maybe, because of a cheaper price goes a cheaper quality. The area outside the condo is also dark at night compared with the area along alabang zapote road. There are also reports of snatching along quirino Ave even in broad daylight because there are a lot of informal settlers just across the other side.Kya we don’t even walk along the streets khet lapit lng to zapote. The place is also near zapote kya bumabaha pag lakas ulan like from the recent habagat although di ganun along other parts of alabang-zapote road pagkalagpas lapit sa may flyover.
    Just a thought, sana we could have read some negative feedbacks regarding DMCI before we got this place. And sana we have surveyed the area before.

    0 Votes

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