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Davao Real Estate Blog


Special Financing Schemes

Communities Philippines (formerly Crown Communities, Inc) is currently offering easy payment schemes for buyers of lot-only properties in Toscana and Positano Subdivision. This payment schemes are applicable only to reservations made between August 18, 2008 and October 30, 2008.

DEFERRED CASH ZERO-INTEREST FINANCING

Extended Deferred Cash:
Balance after reservation, payable in 36 months

Deferred Cash 15-85 A
15% payable in 3 months
85% payable in 40 months

Deferred Cash 15-85 B
15% payable in 1 month
85% payable in 48 months

Deferred Cash 10-20-70
10% payable in 1 month
20% payable in 24 months
70% lumpsum on the 26th month

Deferred Cash 50-50
50% payable in 24 months
50% lumpsum on the 25th month

IN-HOUSE FINANCING, LOW INTEREST RATE

In-house 15-85
15% Down payable in 3 months
85% balance payable in 60 months at 10% interest p.a.

In-house 30-30-40
30% Down payable in 3 months
30% payable in 24 months, without interest
40% balance payable in 36 months at 15% interest p.a.

In-house 10-90
10% Down payable in 1 month
90% payable in 120 months at 15% interest p.a.

In-house 100
0% Down payment, balance of reservation payable in 60 months at 7% interest p.a.

In-house 5-95
5% Down payment payable in 1 month
95% balance of payable in 60 months at 6% interest p.a.

In-house 5-10-85
5% Down payment payable in 1 month
10% payable in 12 months
85% balance of payable in 120 months at 15% interest p.a.


CCTV, Dedicated Community Channel, Construction of Model House and Other Updates

Solariega Updates

Solariega Prime is finally installed in Solariega. It is a project in partnership with the Home Channel the allows for high-tech facilities to be added to the first rate amenities already in place at the Solariega Subdivision. On top of that, this is the first of its kind in Mindanao.

Home owners of Solariega can now enjoy the following:

  • CCTV Security System. Surveillance cameras are installed at the main entrance so that home owners can see who is going to visit them.
  • Free Home Channel Cable System
  • Dedicated Community Channel
  • “Goods To Go” Channel. Order grocery items using your TV set and your phone
  • Internet-ready connection

View the details of Solariega now.

Positano Updates

  • Road Network is currently on-going
  • Construction of 3 Model Houses: Bauhinia, Mimosa and Jacaranda
  • Finalization of plans for the City Drainage System along the Maa Road

View the details of the Positano now.

Toscana Updates

  • Cabling and preparation for Toscana Prime (a facility similar to Solariega Prime)
  • Completion of land development for Vineyards (Phase 2)
  • On-going construction of the Main Entrance Plaza

View the details of the Toscana now.


Nothing Down Home Financing, Other Updates for November 2007

Good news to all real estate investors who are planning to invest in Crown Communities Projects! A new payment scheme is being introduced requiring NO DOWN PAYMENT. And that means Straight Monthly Payment up to a maximum of 10 years. If you are qualified, all you have to pay outright is the reservation fee, which is also part of the payment and will be deducted from the total purchase price. (You can also do a quick and inexpensive pre-qualification test all by yourself.)

Here are the terms and corresponding interest rates for In-House Straight Monthly payment:

  • 3 years at 6% per annum fixed
  • 5 years at 10% per annum fixed
  • 8 years at 14% per annum fixed
  • 10 years at 15% per annum fixed

Also, don’t forget that INTEREST FREE payment is also available for a maximum of 2 years.

Can you determine the monthly amortization given this figures and total price of the real estate? Yes you can! Using the home loan calculator provided from this website, simply enter the price, ZERO for the down payment, plus term and interest rate shown above, and then click. There you go, the schedule of monthly amortization. In case you miss it, click the home loan calculator.

Other updates:

  1. Increase of Reservation Fee for Toscana House and Lot Packages from PhP 10,000 to PhP 15,000. Remember: reservation fee will be deducted from the purchase price.
  2. Interim Bank Financing for a maximum of one year is available for those whose loan application are pending from the bank. Interest rate is 11% per annum based on loan term.

Special Public Auction By Union Bank

What : Special Public Auction by Union Bank of the Philippines
When : July 14, 2007 at 9:00 AM
Where : UBP Recto-Branch, C.M. Recto Ave., Davao City, Philippines

Contact Number : +63.082.221.6489 Loc 8363, 8367, 8373

  • Only 10% down payment
  • 13% interest rate p.a. fixed for the first 3 years
  • 15% interest rate p.a. fixed for the next 12 years
  • Bring PhP 20,000 cash or Manager’s Check show money to qualify for bidding
  • Residential, Agricultural and Commercial Properties are available
  • The sale is on “As Is Where Is” Basis

Properties available include other places in the Philippines like Negros Occidental, Bacolod City, Iloilo, Cagayan de Oro City, Misamis Oriental, General Santos City, Palawan, Cebu, Mandaue, and Davao City. Sample properties from Davao City are listed below.

Residential Lots:

  • 3 Lots at 12,000 sqm each lot in Ma-a, besides Las Terrazas and Dinaville; Min Bid Price = PhP 5,520,000 per lot
  • 1 Lot at 12,059 sqm in Ma-a, besides Las Terrazas and Dinaville; Min Bid Price = PhP 5,550,000

Commercial Lots:

  • Commercial Lot in Juan Luna (with occupants), Total Lot Area = 271 sqm, Min Bid Price = PhP 2,000,000
  • Commercial Lot in Juan Luna (with occupants), Total Lot Area = 544 sqm, Min Bid Price = PhP 4,004,000
  • Commercial Lot in P. Bangoy (with occupants), Total Lot Area = 1,976 sqm, Min Bid Price = PhP 27,230,000

More properties area available in other cities and provinces in the Philippines. For details, contact the following:

Union Bank of the Philippines-Davao Recto Branch
Trunkline: +63-082-221-6489 loc 8363, 8367, 8373
Website: http://www.unionbankph.com


PNB and Allied Bank Joint Property Auction

What : Philippine National Bank and Allied Bank Joint Property Auction
When : Thursday, March 29, 2007 at 2:00PM
Where : Grand Regal Hotel in Km 7, JP Laurel Ave., Bajada, Davao City

  • Up to 35% discount on lots
  • Interest rates as low as 10%
  • Payment Terms up to 10 years
  • 10% down payment for lots
  • 25% down payment for developed properties
  • Deposit PhP 25,000 cash or Manager’s Check (No deposit, No participation)
  • For installment buyers, please bring Proof of Income (ITR,Cert of Employment, Bank Statement, etc)

Properties available from Compostela Valley, Davao del Norte, Davao del Sur, Davao Oriental, and Sultan Kudarat. Sample properties from Davao City are listed below.

  • Residential Lot at 2,619 sqm located in Cabantian, Buhangin. Market Value : PhP 1,309,500; Min Bid Price : PhP 209,520
  • Vacant Lot with 10,092 sqm area located in Sitio Escuela Bula, Catalunan Grande, Talomo District, Davao City. Market Value : PhP 606,000; Minimum Bid Price : PhP 424,000
  • Residential Lot in Hinundayan Homes with 245 sqm area, Dumoy Toril, Davao City. Market Value: 417,000; Min Bid Price: PhP 396,000

Much, much more properties area available. For details, contact the following:

PNB-AMS Sales III - Auction Team (Manila Head Office)
Tel +63-02-832-2562, +63-02-256-3131, +63-891-6040

Southern Mindanao Regional Desk:
+63-082-221-7021 (Davao Branch)

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