No, the reservation fee is non-refundable nor transferrable as per stated in the Reservation Agreement.

Reference: Reservation Agreement Terms and Conditions

2. RESERVATION FEE. The BUYER shall pay the reservation fee (hereinafter the “Reservation Fee”) in the amount of Pesos xxxxxxxx (Php xxxxx.xx), Philippine Currency upon execution of this Agreement and said reservation fee is non-refundable and non-transferable should the BUYER discontinue with this reservation or failed to secure Bank and/or HDMF approval due to financial capacity (declined), all payments made is forfeited in favour of the SELLER or non-submission all the documentary requirements, including this Agreement, for the approval of my reservation within seven (7) days from the date of your receipt of my Reservation Deposit, and hold your company free and harmless for releasing and offering the Unit to other interested buyers. The Reservation Fee shall be applied and shall form part of the purchase price if and when this reservation is accepted and/or approved;