Fully Furnished Executive Studio Suite
Floor Area: 36.5625sqm [395sqft]
Price: 2,753,924.06.
We currently have a few Executive Fully Furnished Studio ready
occupancy Condotel Suites that may be purchased with initial
Reservation Fee -Php-100,000.00
Payment Options:
Price Php 2,753,924.06
1. 24 months equal payments
Payment Schedule:
*Reservation Fee 100,000.00
*Balance 2,653,924.06 for 24 months 110,580.17
2. Save 105,156.96 30 days 40% Downpayment; Balance 24 months
Payment Schedule:
*Reservation Fee 100,000.00
*30 Days 40% Downpayment Net of Discount 955,412.70
*24 months amortization @66,348.10 (discounted) 1,592,354.40
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Total Payment 2,647,767.10
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Price 2,753,924.06
-------------------
Save 106,156.96
=========
3. Save 275,392.40 30 Days Full Payment
Price 2,753,924.06
Less: 10% Discount 275,392.40
Net Discounted Price 2,478,531.66
Payment Schedule:
*Reservation Fee 100,000.00
*30 Days Full Payment 2,378,531.66
4. 5 - Year Monthly Amortization Payment Term
Payment Schedule:
*Reservation Fee 100,000.00
*30 Days Downpayment 15% 413,088.61
*60 months - monthly amort 56,924.57
Fully Furnished Executive One Bedroom Suite 65.14sqm [700sqft]
Price Php 5,266,957.32
1. 24 months equal payments
Payment Schedule:
*Reservation Fee 100,000.00
*Balance 5,166,957.32 for 24 months 215,289.88
2. Save 206,678.29 30 days 40% Downpayment; Balance 24 months
Payment Schedule:
*Reservation Fee 100,000.00
*30 Days 40% Downpayment Net of Discount 1,860,104.70
*24 months amortization @129,173.93 (discounted) 3,100,174.33
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Total Payment 5,060,279.03
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Price 5,266,957.32
--------------------
Save 206,678.29
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3. Save 526,695.73 30 Days Full Payment
Price 5,266,957.32
Less: 10% Discount 526,695.73
Net Discounted Price 4,740,261.59
Payment Schedule:
*Reservation Fee 100,000.00
*30 Days Full Payment 4,640,261.59
Fully Furnished Executive Two Bedroom Suite 65.74sqm [710sqft]
Price Php 5,467,004.14
1. 24 months equal payments
Payment Schedule:
*Reservation Fee 100,000.00
*Balance 5,367,004.14 for 24 months 223,625.18
2. Save 214,680.16 30 days 40% Downpayment; Balance 24 months
Payment Schedule:
*Reservation Fee 100,000.00
*30 Days 40% Downpayment Net of Discount 1,932,121.50
*24 months amortization @134,175.10 (discounted) 3,220,323.90
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Total Payment 5,252,323.90
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Price 5,467,004.14
--------------------
Save 214,680.16
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3. Save 546,700.41 30 Days Full Payment
Price 5,467,004.14
Less: 10% Discount 546,700.41
Net Discounted Price 4,920,303.72
Payment Schedule:
*Reservation Fee 100,000.00
*30 Days Full Payment 4,820,303.72
There are in all Condominiums the “Monthly Condominium Dues”
payable to cover such recurring expenses as the maintenance of the
common areas, security guards etc…. and this will be around 25 pesos
per square meter based upon you unit size. Annual Real Estate Taxes
for a Studio Suite are around 3,000 pesos/annum. As with all Real
Estate covered by Certificates or Titles Deeds, a Final Closing Fee of
some –Pph-85,000.00 representing transfer and issuance of condo Title
Deeds is also payable upon full payment for the unit.
The Lancaster Cebu rental pool operates on a “Co-operative” basis.
Example: There are 50 units enrolled in the pool with a total floor area of
1,800 square meters. Should the Hotel room operations achieve 80%
occupancy rate on a mixed rate basis and derive gross monthly room
rental income of 1,640,000.00 pesos for the calendar month. The unit
owners will receive a 60% share of net proceeds as share of rentals.
This however will be paid as a “Dividend” based upon the total floor area
of the rental pool. Example: Proceeds in Pesos 1,640,000.00 x 60% =
984,000.00 divided by total floor area of rental pool units [1,800 sqm] =
546.00 pesos per square meter which will be paid as monthly rental
dividend. Hence, if you owned a Studio Unit in the rental pool, your share
of proceeds for the month would be your unit floor area, example 36
square meters multiplied by 546 pesos. Ergo: your rental income would
be an anticipated 19,680.00 pesos [USD 435.00] monthly. This is
pro-rated whether you own a Studio or Two Bedroom Unit ……….
Moreover, because this is “Cooperative” basis, even if your unit was not
used during the month you still get a share of rental proceeds because
of the pro-rated pool sharing system of dividends…
For more info contact:
Mobile no. +639227532815
