Date Posted: 2012-07-17 11:13:42
Site Posted: Myproperty.ph
TO BE READY FOR OCCUPANCY THIS COMING NOVEMBER 2012 AT 148 RESIDENCES at Pelaez St., Cebu City
Here comes now the most ever accessible 10-storey Cebu Residential Condominium, design to provide transient individual to own a home close to the oldest street in cebu known as "Colon". It caters student, young professional and specially those who are working in call center industry. In this very strategic location that you can control and manage your time well providing everyone the convenient-living within downtown and uptown area of cebu.
Appropriately situated at the heart of downtown Cebu, 148 RESIDENCES offers you a the best location that fit all your needs just within your reach... like malls, banks, theaters, schools, restaurant, commercial establishment and many more.
A comfortable living here is never this good without the following Features and Amenities:
*2 elevators
*CCTV System
*Fire Alarm
*Fire exits
*Indoor Parking Area
*Lobby and Reception Areas
*Provision for garbage disposal
*Sprinkler System
*Standby Generator Set for common areas, elevators and lights for individual units.
*Telephone and TV provision
Description:
10-storey Economic Residential Condominium catering to students and young professionals with its prime location providing everyone the convenient-living within Colon Street, the oldest City of Cebu.
Reservation fee: P20,000.00
STUDIO TYPE 7TH/F - 703 B AT 148 RESIDENCES, CEBU CITY
Floor Area: 20 square meter
Price: Php 1,374,958.40
PAYMENT SCHEME OPTION:
20% Downpayment: P 277,004.00
Less reservation fee: 20,000.00
Net Dopwnpayment 257,004.00 ( 18 mos. to pay no interest )
Monthly ammortization: 14, 278.00/mo.
Estimated Sample Computation Only:
80% Balance: P 1,089,234.40 ( loanable to Banks )
5 years to pay 08.00% p.a. - 22,084.55/mo.
Net income required is 66,252.75/mo.
10 years to pay 10.00% p.a. - 14,394.25/mo.
Net income required is 43,182.75/mo.
15 years to pay 11.25% p.a. - 12,551.70/mo.
Net income required is 37,655.10/mo.
20 years to pay 11.50% p.a. - 11,615.95/mo.
Net income required is 34,847.85/mo.
BDO rate but excluded of insurance and misc. fee.
The design above is intented for those who wants to make as for investment like to own your own dormitory. Usually in this area the rental rate would be approximately ranges from 15,000.00 to 18,000.00 per month.
Think twice when depositing your money to bank, the usual interest be given up to 3.5% interest minus taxes and roughtly estimated for the net is only 3% per annum.
Our 7% inflation rate due to money devaluation estimated per year minus your 3% interest bank deposit equals a total of negative 4%
Comparing when you invest a condominium and lease it, you will be expecting 10% value appreciation per year minus 7% inflation rate equals a total of positive 3% gain plus 19% rental income 216,000.00 in a year.
In our time now particularly living in 3rd world country it should be advantage for us to manage well our financial aspect...or else your hard earnings gone.
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