DATE: June 25, 2026

TO:

GREENMIST PROPERTY MANAGEMENT CORP.

THE BOARD OF TRUSTEES

FAME RESIDENCES CONDOMINIUM CORPORATION 

Mandaluyong City, Metro Manila, Philippines

CC:

The Management Office, Fame Residences Condominium Corporation

SM Development Corporation (SMDC) / Post-Turnover Department (as Developer)

Department of Human Settlements and Urban Development (DHSUD) (For Information and Record)

Office of Senate President Sherwin Gatchalian

SUBJECT: Joint Petition of Unit Owners to Suspend the Implementation of the PHP 67,000,000.00 Special Assessment for Exterior Façade Resealing and Repainting Scheduled for August 15, 2026

Dear Greenmist Property Manager and Members of the Board of Trustees,

We, the undersigned registered unit owners and members of the Fame Residences of SM DEVELOPMENT CORPORATION (SMDC), write to you collectively to formally register our strong objection to, and demand the immediate suspension of, the implementation of the Special Assessment for the Exterior Façade Resealing and Repainting Project, as announced in your circular.

While we recognize the Board’s duty under the Master Deed to maintain the property's value, the imposition of a PHP 67,000,000.00 special assessment—costing unit owners PHP 437.20 per square meter—is premature, inequitable, and improperly prioritized.

We respectfully submit this petition to halt the implementation of this assessment based on the following urgent grounds:

GROUNDS FOR THE PETITION

1. Prematurity of the Project with Respect to Tower 4 (Recently Turned Over)

Tower 4 was officially turned over to unit owners only approximately one (1) year ago. Under standard construction and engineering specifications, professional exterior paints and elastomeric sealants have an expected functional lifespan of five (5) to ten (10) years.

It is highly irregular and financially irresponsible to subject a virtually brand-new building (Tower 4) to a massive, costly repainting and resealing project.

Charging Tower 4 unit owners for "wear and tear" maintenance that has not yet occurred defies logic and constitutes an unjust financial imposition. If Tower 4 already requires resealing after only one year, this points to a latent structural defect by the developer, which must be covered under the contractor's warranty, not billed to the unit owners.

2. Inequitable Cost Burden and Lack of Developer/Building Owner Equity Share

The circular states that the PHP 67,000,000.00 project cost will be shouldered fully by the current unit owners. We object to this 100% pass-on scheme.

The Developer (SMDC) still holds significant commercial interests, unsold units, and parking spaces within the development. The developer/building owner must share equitably in major capital expenditures that directly affect the structural integrity and aesthetic value of the entire complex.

Under the Condominium Act (R.A. 4726), maintenance of common areas should be equitable. A complete financial pass-on to residential unit owners, without a declared financial counter-share from the developer/building owner, is unfair and lacks transparency. We demand a full disclosure of the cost-sharing formula between FRCC and the Developer.

3. Misalignment of Priorities: Unresolved Unit Leaks Under Active Warranty

Currently, numerous units across all towers are suffering from severe, active water leaks. These leaks cause interior damage, mold, and health hazards to residents.

These ongoing leaks fall squarely under the structural and workmanship warranties managed by the Post-Turnover Department of the Developer.

The Board of Trustees and the Management Office must prioritize compelling the Developer's Post-Turnover Department to honor their warranty obligations and repair these individual leaks immediately.

It is counterproductive to spend PHP 67 Million of the owners' money on cosmetic exterior painting while structural, water-ingress issues inside the living spaces remain unresolved and ignored. Addressing interior leaks must take absolute priority over a generalized exterior project.

FORMAL DEMANDS

In view of the foregoing, the general membership of Fame Residences hereby demands that the Board of Trustees immediately take the following actions:

SUSPEND the implementation of the Special Assessment and the associated monthly billings scheduled to commence on August 15, 2026.

HOLD AN EXTRAORDINARY GENERAL ASSEMBLY / TOWN HALL MEETING within fifteen (15) days from receipt of this petition to discuss:

The technical justification for painting a one-year-old building (Tower 4).

The bidding process, quotation selection, and scope of work of Elijah Construction Inc.

The proposed cost-sharing agreement between the Condominium Corporation, the unit owners, and the Developer (SMDC).

PRESENT A COMPREHENSIVE STATUS REPORT on all outstanding unit leak complaints submitted to the Post-Turnover Department, including a concrete timeline for their resolution under the developer's warranty.

We file this petition in good faith, seeking to protect our investments, ensure transparent governance, and prevent unjust financial displacement of unit owners. Should the Board proceed with the unilateral billing on August 15, 2026, without addressing these concerns, we reserve the right to escalate this matter to the Department of Human Settlements and Urban Development (DHSUD) and pursue necessary legal remedies to protect our rights.