LFS 3 property in Davao City

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Property Details

Price: PHP 6,700 sqm

Villa de Mercedes is a high end community located in Catigan, Toril , Davao City. The subdivision sits on top so there is a spectacular view of Davao City
and Davao Gulf.
Facilities are the following:

wide concrete roads with drainage system
electric lines
water lines
Gate and guardhouse with 24 hour roving security guards
Perimeter Fence

 

AMENITIES:
• A coffee shop
• Gym
• Function room
• Putting and pitching greens
• Infinity pool with panoramic view of Davao Gulf
• Basketball and Badminton court
• Tennis court
For more details, please contact: lea@davaoproperties.com . Thank you.

PRICELIST AS OF JANUARY 2012:

 

LOT SIZES        200SQM            200              200                                 REGULAR          PRIME         CORNER

PRICE/SQM   P6,700.00        7,200.00        7,500.00

TOTAL CONTRACT PRICE:

NO VAT       P1,340,000.00   1,440,000.00 1,500,000.00

NOTE: Bigger lots are available but prices above Php1.5M is subject to 12% VAT.
PAYMENT SCHEME:

1) CASH      1,240,000.00    1,340,000.00   1,400,000.00

2) STRAIGHT MONTHLY SCHEME FOR 2 YEARS:

MONTHLY DOWNPAYMENT
(Net of P50k RES. FEE)

53,750.00         57,916.67      60,416.67

3) IN HOUSE FINANCING:

20% DOWN:    268,000.00     288,000.00   300,000.00
Less: Res.Fee   50,000.00       50,000.00    50,000.00

Bal. on DP        218,000.00     238,000.00   250,000.00

/ Term of Payment             12 mos.
Monthly DP                                                                     for 1yr                   18,166.70    19,833.30        20,833.40

 

80% BALANCE:

1YR @ 0 INT.       89,333.40   96,000.00   100,000.00
2YRS @ 12% P.A. 50,462.76   54,228.64    56,488.17

3YRS @ 14% P.A. 36,638.42    39,372.63   41,013.16

4YRS @ 16% P.A. 30,380.78   32,648.00   34,008.34

5YRS @ 18% P.A.  27,221.75    29,253.23    30,472.11
10YRS @ 22% P.A. 22,157.91   23,811.48     24,803.63

4) BANK FINANCING:

30% DOWNPAYMENT PAYABLE IN ONE YEAR:                      (NET OF P50K RESERVATION FEE)

29,333.33    31,833.33   33,333.33

70% BALANCE:

5YRS TERM         20,045.00      21,541.00   22,439.00
10YRS TERM       12,921.00     13,885.00    14,464.00          15YRS TERM         10,809.00     11,616.00    12,100.00

NOTE: MORTGAGE REDEMPTION INSURANCE is not included in the computation above.
For free site visit, please contact lea@davaoproperties.com .

Thank you


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