Definition
The total amount a buyer pays for a property, including the base price and any additional items like parking slots, upgrades, or EVAT (if applicable). The TCP is the basis for computing down payment, equity, and loan amount.
Examples
- •Condo unit ₱2.5M + Parking ₱500K = TCP ₱3M
- •TCP may include EVAT for properties above ₱3.2M threshold
Tips & Best Practices
- ✓Always clarify what's included in the TCP
- ✓Ask if TCP is VAT-inclusive or exclusive
- ✓Get the detailed computation breakdown
Related Terms
More in Financing Terms
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