Affordable Condominium in Cebu City Good for Investment

-Affordable Condominium In cebu-Stone throw away from the New Robinson Galleria
-3 mins. away from SM City Cebu
-7 mins away to Cebu Doctors University
-7 mins. away to the new UC Med & Chong Hua North Hospital
-10 mins away from Colon St (the oldest city in the phil)
-10 mins. away from Ayala Center Cebu / IT Park Cebu.
-10 mins. away from Mango Ave-15 mins away from Mactan Int Airport

Total Contract Price(TCP): P1,477,045

TCP is inclusive of transfer charges, tax and Miscellaneous

RESERVATION FEE : P30,000

DOWNPAYMENT : P477,045

LESS RESERVATION FEE : 447,045

SPOT CASH DOWN PAYMENT: less 5% of DP

MONTHLY EQUITY PAYABLE IN 36MOS. : 12,418

LOANABLE AMOUNT FOR PAG-IBIG OR BANK FINANCING : 1,000,000

ESTIMTIMATED MONTHLY AMORTIZATION FOR :

20 years : ₱8,209

15 years : ₱9,413

10 years : ₱12,001

5 years : ₱20,157

MORE PAYMENT OPTIONS:

1: Spot Cash within 30 days - 5% Discount

2. Deferred Equal Installments for 12 months - Less 2.5% discount on TCP

3.  Deferred Equal Installment for 36 months,  with no interest

4. Downpayment - 36 months no interest

    Balance - P 1M - loanable to Bank / Pag-big / In-House

Accredited Financial Institutions:

    Pag-ibig; BDO, Chinabank, BPI, RCBC, Bank of Commerce and PS Bank.

For In-House Financing:

      a. Reservation Fee: P 30,000.00

      b. Maximum in-House Financing - P 1,000,000.00

           * Balance payable 36 mos. No interest

           * Payable 3 to 5 years at 10% p.a. straight. - covered with PDC’s
PARKING PRICE:
P600,000

      PROJECT OVERVIEW

• Total land area: 1,921.5 square meters

• Gross building floor area: 30,569.25 square meters

         • Total no. of units: 801 residential condominium units
                  • Total no. of floors: 21 storeys
                  • Type of units: 
Residential: 1-Bedroom (21sq.m-23sq.m)
SOHO: Studio (21sq.m-23sq.m) (4th floor only)
• Estimated date of completion: 3rd quarter of 2017(plus 6 months grace period)

BUILDING FEATURES
• Four level parking
• 24- hour security
• Three Hi-Speed elevator system
• Fire protection & automatic sprinkler system
• Fire alarm system
• 100% back-up generator
• Centralized individual mailboxes
• Garbage chutes in every floor
• Covered roof deck for special events/functions
• Provision for air-con, telephone & cable TV
• Ready for WIFI connections
• Elegant lobby & reception counter
• Covered/paved driveway for passenger drop-off w/ landscaped garden
• Swimming pool (roof deck/overlooking sea view
UNIT FEATURES
• Porcelain tiles on living, dining & Kitchen Area (Tile size: 60cm x 60cm)
• Ceramic tiles in T & B (Tile size: 30cm x 30cm)
• T & B complete with shower, water closet, lavatory, toilet paper holder & towel bar
• Finished painted interior wall
• Studio Type Unit
• Wooden panel main door
• PVC door on T & B
• Exhaust Fan on T & B
• Aluminum sliding windows with clear glass
• Complete electrical switches and convenient outlet in living, dining, kitchen and T & B areas
• Provision for aircon with outlets
• Provision for cable TV and telephone line
• Residential (all are one bedroom type w/ closet)
SOHO UNIT FEATURES
• Porcelain tiles (size: 60cm x 60cm)
• Finished painted interior wall
• Wooden Panel Main Door
• PVC sliding windows with clear glass
• Complete electrical switches and convenient outlet in living, dining,kitchen & T&B areas
• Provision for aircon with outlet
• Provisions for cable TV and Telephone line

PROJECT TURN OVER IS LAST QUARTER OF 2017.

                                Estimated Condo Rental Cash Flow

Estimated Cost of a 23 sqm 1br condo unit                          P1,477,045

Estimated rental income/year (P15,000/month)                    P180,000

Less  

Vacancy cost (2months)                                                                 P30,000     

Monthly Dues  (12months P1,200/month)                                    P14,000

Taxes                                                                                                P5,000

Maintenance                                                                                    P4,000

Insurance                                                                                         P2,500  

Net Income                                                                             P124,000 per year

This rental income is an added bonus as your property acts as a hedge against inflation.Historically, the real value of real estate goes up at least proportional to the rate of inflation which means your money is secure. Properties however have the propensity to perform better, particularly in prime locations. This is where price appreciation comes into play.

Typical price appreciation for a condo today in the Philippines is roughly 7-8% annually, and that is a very conservative estimate. By the time the unit is turned over to you, you would roughly have a 30-40% price increase in your property.                                                                                               

These are just some of the reasons why one should invest in a condo. Of course, if you are still unsure, I hope you consult your broker for more details and up to date information.   

Condominium Investment In Cebu

The real estate industry is the fastest-growing sector in Cebu. With the strong economic indicators and high investors’ confidence level, more condominium projects and hypermarkets are being developed in the locality. An additional 100 commercial and residential buildings would be completed by 2015 and another 170 to 200 buildings are expected to be finished by 2017.64 new hypermarkets will be developed in Cebu.

With properties currently being built and still lined up, the Cebu, Philippines is definitely enjoying a major surge in the real estate market. After all, condo living is an attractive offer. Living in a condo lets residents enjoy living in key locations that allow them easy access to their favorite establishments.

It comes to no surprises that owning real estate has been traditionally a means for accumulating more wealth, and several billionaires founded their business empires on real estate. Here in Cebu, the most prominent billionaires all have stake in investing condo here in Cebu. Thus, owning this investment instrument is a tried and tested means of accumulating wealth.

Here are just some four (4) reasons why you to invest condo:

1.) Condos offer great amenities like pools, gyms, gardens, and so on. These are great perks for renting or reselling.

2.) Condos have restrictions when it comes to maintaining the property, its value is maintained as well, which is great for when you’re renting it out.

3.) It is all about rental income something unique about investing in condominiums is that it can gain monthly rental income. There is significant demand for rent able condominiums especially for young professionals, expats, and businessmen in the central business districts. Most of them are typically single and without a family, and usually with a significant amount of disposable income for renting. Investing in condos for sale is a good choice because if their relative affordability, ability to acquire income through rents, and high price appreciation.

4.) Resell Condo Typical price appreciation for a condo today in the Philippines is roughly 7-8% annually, and that is a very conservative estimate. By the time the unit is turned over to you, you would roughly have a 30-40% price increase in your property.        

For More info or site visit contact me

Dennis Rosos

Real Estate Sales Person

Land Asia Realty

under license PRC Reg. No. 1356

HLURB # : CRV-15-1347

Globe +63917-777-1101

Sun +639255046449
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Note: Subject price may change without prior notice..