Their e-brochure : https://indd.adobe.com/view/d19a1bca-cc1c-4...BqC2xlIBYOLZ6XE

Sound fishy
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That is exactly what most foreign investors do in the Philippines, units that are owned by foreigners can only be sold to foreigners. I do not suggest to go for rentals unless you are considering to take loans from the bank.

What Ive been doing for the past 6 years is to go for flipping. (still working in the Philippines since 2012 though lol)
You pay for the reservation fees, and continue paying for the monthly amortization for 3 years (this is actually the downpayment to the developer). 1 year before the property completion (turn over) , we sell it to the Chinese people who will later use the unit for their staff. As simple as that.

There is no need to take for loans from the bank in the Philippines as you are not going to pay for the remaining balance, leave that to the Chinese buyer - your job is to pay until 30th - 36th month, then sell it off. If we have a spare of RM1200-1300 a month, it is wise to invest. Plus all the payments are made via the developer official website. No agents no third party involved.

Sorry to hear your loss - 5% was too little for a unit within Manila Bay area,  especially with SMDC projects. Not really sure about Anchorland or other developers there, as Ive had no experience flipping with them.

This is where Maceda Laws play its role. You are entitled to get a refund for as long as you continuously pay for at least 24 months. The law covers sale of financing of real estate on installment payments, including residential condominium apartments, where the buyer has paid at least two years of installments. Even as a foreign investor, you are still protected by the Government of Philippines. 

More information: https://www.lamudi.com.ph/journal/eight-thi...the-maceda-law/

I have done several transactions myself without needing a third party on my part.