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.

STRUCTURE

Concrete Framing with isolated footing
Concrete slab on fill
Steel deck system on concrete and beam girders

WALL AND CEILING SYSTEM

6″ CHB with max compressive strength of 400 psi for exterior
4″ CHB with max compressive strength of 400 psi for Toilet and Bath
4.5mm thick fiber cement board on light metal frame system for interior partitions
1″ x 4″ wooden baseboard
3.5mm thick fiber cement board on light metal frame for ceiling with vent slats for exterior

ROOFING FRAME

2-tone pre-painted concrete roof tiles with under-sheeting on steel framing system

DOORS AND WINDOWS

Powder coated aluminum sliding window with clear glass panels
Painted solid wood panel door pitcher type lock set with deadbolt for main door
Painted flush hallow core type door with lever type lock set for interior
Painted flush hallow core type door with cylindrical lock set for service door
PVC door with cylindrical lockset for Toilet and Bath
Powder coated aluminum sliding doors with clear glass (based on house design)

FINISHES

Floor Finishes:
16″ x 16″ vitrified ceramic floor tiles for Living, Dining and Kitchen
Laminated floor planks for second floor
12″ x 12″ vitrified ceramic floor tiles for toilet and bath
Plain cement finish for exterior spaces (carport, porch, lanai, balcony)

Wall Finishes:
Painted stucco finish for exterior wall
Synthetic stone cladding accent (based on house design facade)
Painted plain cement finish on interior walls
12″ x 12″ glazed ceramic wall tiles for toilet and bath (floor to ceiling)

TOILET AND BATH FIXTURES

Close-coupled oval single flush lever type water closet Toilet and Bath
Wall hung type lavatory for Toilet and Bath
In-wall shower fitting with single metal knob for ground floor toilet and bath
Telephone shower assembly for second floor toilet and bath
Flush type soap and tissue holder
Acrylic bathtub with fittings (based on house design)

KITCHEN SYSTEM

Monolithic stone slab counter and splash wall
16″ x 24″ 3-hole, 8″ deep stainless steel
Goose-neck type kitchen faucet
Cabinet and cupboards in laminated ply finish

ELECTRICAL AND AUXILIARY

Flexible conduits with plastic junction and utility boxes for roughing-ins
Flush type metal panel board with plug-in type circuit breaker
Flush type switches and outlets
Porcelain lamp receptacle keyless type without bulb
Concrete type power pole with entrance cap and RSC conduit
Telephone line-ready
Cable line-ready

PLUMBING SYSTEM

PVC blue type piping system for water distribution
PVC orange type piping system for sanitary lines

OTHERS

Stairs:
Stringer type hardwood floor stairs with concrete frame on first flight
Steel railings with wooden handrail

Bedroom Cabinets:
Laminated ply finish

• Lavender
• Petunia
• Amaranth
• Crossandra

In terms of the construction materials to be used, The Dream Home Series shares the following standard specification for all of the houses:

Structure:

FRAMING – Concrete framing with isolated footing
SLAB ON FILL – Concrete slab on fill
SUSPENDED SLAB – Steel deck system on concrete
beam and girders

Walls:

EXTERIOR – Ordinary 6″ CHB, painted sandblast finish
on lower wall, and painted plain cement finish on upper wall
T&B – Ordinary 4″ CHB, 7 layers ceramic wall tiles
INTERIOR PARTITION – Painted 4.5mm fiber cement board on
light metal framing system

Windows:

FRAMING – Steel casement type
PANEL – Clear glass panel

Doors:

MAIN – Solid wood panel door with pitcher type lockset and dead bolt
SERVICE – Flush hollow core door with lever type lockset
T&B – uPVC door and jamb with ordinary cylindrical lockset
BEDROOM – Flush hollow core door with ordinary
cylindrical lockset

Flooring:

GROUND – Ceramic floor tiles
SECOND – Vinyl floor tiles
T&B – Ceramic floor tiles
PORCH – Plain cement finish
LANAI – Plain cement finish
BALCONY – Plain cement finish

Roofing:

FRAMING – Steel framing system
ROOFING – Prepainted two-tone roof tiles

Others:

STAIRS – Stringer type wooden stairs with concrete walling on first flight
RAILINGS – Steel railings with wooden hand rail

Structure:

FRAMING – Concrete framing with isolated footing
SLAB ON FILL – Concrete slab on fill

Walls:

EXTERIOR – Ordinary 6″ CHB, painted sandblast finish with 3/4″ on lower wall, and painted plain cement finish on upper wall
TOILET AND BATH – Ordinary 4″ CHB, 7 layers ceramic wall tiles
INTERIOR PARTITION – Painted 4.5mm fiber cement board on light metal framing system

Windows:

FRAMING – Steel casement type
PANEL – Clear glass panel

Doors:

MAIN – Solid wood panel door with lever type lockset and dead bolt
SERVICE – Flush hollow core door with lever type lockset
TOILET AND BATH – uPVC door and jamb with ordinary cylindrical lockset
BEDROOM – Flush hollow core door with ordinary cylindrical lockset

Flooring:

LIVING, DINING, KITCHEN, BEDROOM – Vinyl floor tiles
TOILET AND BATH – Ceramic floor tiles
PORCH – Plain cement finish

Roofing:

FRAMING – Steel framing system
ROOFING – Single tone prepainted roof tiles

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.

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.

Get in touch with Carlos for appointment and inquiries about the Positano Subdivision.

Seller Financing and Price Update as of June 1, 2008

BAUHINIA MODEL

Lot Area = 92 sqm
Regular Lot Size = 120 sqm
Total Contract Price = PhP 3,426,000 (minimum for Regular Lot)
Reservation = PhP 50,000

A. Spot Cash = PhP 3,141,792

B. Deferred Cash = PhP 140,667 / mo for 24 months

C. In-House or Seller Financing

• a) 20% Down payment = PhP 52,933 / mo payable for the first 12 months
• b) 80% Financed Amount
  • = PhP 37,755 / mo for the next 2 years, Interim Bank Financing
  • Or PhP 51,163 / mo for 10-year In-House Financing.

Other payment terms are also available.

View house design for Bauhinia Model

MIMOSA MODEL

Regular Lot Size = 156 sqm
Total Contract Price = PhP 4,254,000 (minimum for Regular Lot)
Reservation = PhP 50,000

A. Spot Cash = PhP 3,913,136

B. Deferred Cash = 175,167 / mo for 24 months

C. In-House Financing

• a) 20% Down payment = PhP 66,733 / mo payable for the first 12 months
• b) 80% Financed Amount
  • PhP 46,879 / mo for next 2 years, Interim Bank Financing
  • Or PhP 63,528 / mo for 10-year In-House Financing.

Other payment terms are also available.

View house design for Mimosa Model

JACARANDA MODEL

Floor Area = 151 sqm
Regular Lot Size = 168 sqm
Total Contract Price = PhP 4,676,000 (minimum for Regular Lot)
Reservation = PhP 50,000

A. Spot Cash = PhP 4,306,328

B. Deferred Cash = 192,750 / mo for 24 months

C. Seller Financing

• a) 20% Down payment = PhP 73,767 / mo payable for the first 12 months
• b) 80% Financed Amount
  • PhP 51,530 / mo for the next 2 years, Interim Bank Financing
  • Or PhP 69,830 / mo for 10-year In-House Financing.

Other payment terms and financing schemes are also available.

View house design for Jacaranda Model

Did you ever wonder how the monthly amortization is determined? It follows a certain equation that depends on the three important parameters: loan amount, interest rate and loan term. A new Online Loan Calculator is provided with this website so you can test other variations on your payment allowing you some flexibility.

NEW!!! You can pay these houses with nothing down, straight monthly payment from 3, to 10 years.

Note:
1. Price may change without prior notice.
2. Price is already set by the developer and subject to final verification. Brokers cannot change the price.
3. Reservation Fee forms part of the down payment.
4. No broker or agent is allowed to accept payment or issue an Official Receipt.
5. All cheque payments must be paid to the account of the Developer.
6. Davao Real Estate Guide reserves the right to correct clerical errors appearing in this sample computation.

REPUBLIC OF THE PHILIPPINES )
———————————– )
———————————– )S.S

AFFIDAVIT OF WAIVER

I, _________________________________, ________________ citizen, of legal age, resident of _________________________________________________________ after having sworn to in accordance with the law, hereby depose and state:

1. THAT I am legally married to ____________________________________________, of legal age, Filipino Citizen, with the same residence address.

2. THAT during our marital union, we acquired by purchase real estate property from ___________________________________ particularly described as Block _____ Lot _____ at __________________________ located at__________________________.

3. THAT being a foreigner ( ________________ citizen ) as stated above, I do hereby waive whatever rights I have over the above mentioned real estate property.

AFFIANT FURTHER SAYETH NONE IN WITNESS WHEREOF, I have hereunto affixed my signature, this ___ day of ____________, 2007 in the PHILPPINES.

___________________________ Affiant

SUBSCRIBED AND SWORN to before me, this ______ day of _______________________, 2007, in the _____________________________ Affiant exhibiting to me his/her Residence Certificate No. ___________________ issued at _______________________________ on __________________.

NOTARY PUBLIC

Doc. No. ___________

Page No. ___________

Book No. __________

Series No. __________

Get in touch with Carlos for appointment and inquiries about the Positano Subdivision.

Sample Home Loan / Financing Computation Effective June 1, 2008

Note: The lot areas in Positano vary in sizes. This is ONLY A SAMPLE computation for a 249 sqm lot in Phase 1 of Positano.

A. SPOT CASH
= PhP 1,768,928 (discount depends on promo)

B. DEFERRED CASH (No Interest, No Downpayment, 30 months to pay)
= PhP 62,774 / mo for 30 months

C. LONG TERM FINANCING (30% Down, 70% Financed)

• 30% Down payment (PhP 572,463)
  = PhP 45,622 / mo for 12 months
• 70% Financed Amount (PhP 1,335,748)

  = PhP 15,174 / mo for 10-year term at 10.99% interest per annum

Monthly amortization starts after the full payment of the down payment.

D. STRAIGHT MONTHLY SELLER FINANCING
No Down payment, only reservation is required.

• 10 years at 15% pa = 30,383
• 8 years at 14% pa = 32,714
• 5 years at 10% pa = 40,013
• 3 years at 6% pa = 57,291

Did you ever wonder how the monthly amortization is determined? It follows a certain equation that depends on the three important parameters: loan amount, interest rate and loan term. A new Online Loan Calculator is provided with this website so you can test other variations on your payment allowing you some flexibility.

Note:
1. Price may change without prior notice.
2. Price is already set by the developer and subject to final verification. Brokers cannot change the price.
3. Reservation Fee forms part of the down payment.
4. No broker or agent is allowed to accept payment or issue an Official Receipt.
5. All cheque payments must be paid to the account of the Developer.
6. Davao Real Estate Guide reserves the right to correct clerical errors appearing in this sample computation.

It has a total floor area of 214.03 sqm, both at the ground floor and the second floor. It is to be built on a lot with a minimum area of 200 sqm.

Below, you will see the House Plan and Sample Financing Computation for the Teresita Model

Architect’s Perspective

Floor Plan for the Ground Floor

Floor Plan for the Second Floor

Get in touch with Carlos for appointment and inquiries about the Villa de Mercedes.

Lot Area = 200 sqm
Floor Area = 214.03 sqm

Total Price = PhP 6,950,000
Reservation Fee = PhP 100,000 (forms part of the down payment)

A. SPOT CASH
= PhP 6,750,000 (payable within 3 months)

B. DEFERRED CASH (No Interest, No Downpayment)

= PhP 6,790,000 payable within 6 months

C. LONG TERM SELLER FINANCING (20% Down, 80% Financed)

• 20% Down (PhP 1,390,000)

  = PhP 107,500 / mo for 12 months

• 80% Financed (PhP 5,560,000 )

  = PhP 141,187.46 / mo for 5-year term at 18% interest p.a.
  = PhP 107,450.15 / mo for 10-year term at 20% interest p.a.

D. BANK FINANCING (30% Down, 70% Bank Loan)

• 30% Down (PhP 1,964,840)

  = PhP 163,736.67 / mo for 12 months

• 70% Financed (PhP 4,817,960 )

  = PhP 101,775.76 / mo for 5-year term at 9.75% interest p.a.
  = PhP 66,340.14 / mo for 10-year term at 10.340.14 10.99% interest p.a.

Note:
1. Price may change without prior notice.
2. Price is already set by the developer and subject to final verification. Brokers cannot change the price.
3. Reservation Fee forms part of the down payment.
4. No broker or agent is allowed to accept payment or issue an Official Receipt.
5. All cheque payments must be paid to the account of the Developer.
6. This is only a sample computation for a regular lot with a minimum lot area requirement for the house. Price may be affected by the lot area and other factors.
7. Davao Real Estate Guide reserves the right to correct clerical errors appearing in this sample computation.