Property Status: For Sale
Floor Area: 31.05 sq.m. - 98 sq.m. Property Type: Condo Hotel Bathrooms: 1 Bathroom Bedrooms: 1 or more Description: Arterra Residences At the tip of the gulf lies a paradise you can call home. Listen as the distant crash of the waves against the shore graces your ears. Wake up to the sunrise glistening off the aquamarine waters. This is Discovery Bay, the subdivision housing Sta. Lucia Realty's new property, Arterra, perched at the very edge of the famed diving destination, Punta Engano, on Mactan Island. This latest development is a celebration of a life lived in harmony with nature. Arterra Bayfront Residences springs forth at the tip of the exquisite Maribago coastline, granting you a truly panoramic view of the ocean. Apart from the breathtaking sight, the location is as brilliantly strategic - Arterra is situated on the same strip as the most popular 5-star hotels, and the international airport only a 20-minute drive away. Location:Arterra Residences is located on the tip of Punta Engano,The same strip where the mostpopular 5-star hotels stand and the international airport only a 20-minute drive away. FACILITIES AND AMENITIES AMENITIES: Basketball Court convertible into Badminton Court Fitness Gym Billiard and Game Room Health Spa Business Center Function Rooms Coffee Shop & Restaurant Lap Pool Kiddie Pool jacuzzi area Pool Bar & Pro Shop Veranda/Viewing Deck WATERSPORT FACILITIES: Jet Ski Hobbie Cats Paragliding Diving OTHER WATER ACTIVITIES: Island Hopping Fishing UNIT TYPE / AREA: Condotel Unit Studio Unit = 31.05sq.m. - 41.34sq.m. One Bedroom = 62.10sq.m. - 65.45sq.m. Two Bedroom = 63.21sq.m. - 98sq.m. PAYMENT TERMS OPTIONS: PAYMENT TERMS SCHEME 1 TERMS 90% Cash, no reservation with applicable discounts: - 15% discount if paid outright - 10% discount if paid within 1year 10% Balance upon availability/issuance of CCT SCHEME 2 TERMS Reservation Fee P25,000 for Studio P40,000 for 1BR P50,000 for 2BR 51% to 89% Downpayment with applicable discounts: -12% discount if paid outright or within 7days from date of reservation -10% discount if paid within 30 days from date of reservation -7% discount if paid within 60 days from date of reservation Balance payable monthly in 60 months,no interest or through Bank Financing at prevailing bank interest rate SCHEME 3 TERMS Reservation Fee P25,000 for Studio P40,000 for 1BR P50,000 for 2BR 20% to 50% Downpayment with applicable discounts: -10% discount if paid outright or within 7 days from date of reservation -7% discount if paid within 30 days from date of reservation -5% discount if paid within 60 days from date of reservation Balance payable monthly in 48 months,no interest or payable in 5 to 10 years at 16% interest per annum or through Bank Financing at prevailing bank interest rate No.of Years at 16% interest Amortization Factor 5 years 0.02432 10 years 0.01675 SCHEME 4 TERMS 5% Outright Downpayment with 5% discount 15% to 85% Additional Downpayment payable within 48 months,no interest with the 1st partial DP tostart 30 days after the 5% Outright DP Balance payable payable in 5 to 10 years at 16% interest per annum or through Bank Financing at prevailing bank interest rate *for 85% Additional Downpayment,the 10% Balance will be paid upon unit turnover No.of Years at 16% interest Amortization Factor 5 years 0.02432 10 years 0.01675 SCHEME 5 TERMS 10% Outright Downpayment with 10% discount 10% to 80% Additional Downpayment payable within 48 months,no interest with the 1st partial DP to start 30 days after the 10% Outright DP payable payable in 5 to 10 years at 16% interest per annum or through Bank Financing at prevailing bank interest rate *for 80% Additional Downpayment,the 10% Balance will be paid upon unit turnover No.of Years at 16% interest Amortization Factor 5 years 0.02432 10 years 0.01675 SCHEME 6 TERMS Reservation Fee P25,OOO for Studio P40,OOO for 1BR P50,OOO for 2BR 20% to 50% Downpayment payable in 36 months, no interest Balance payable in 5 to 10 years at 16% interest per annum or through Bank Financing at prevailing bank interest rate SCHEME 7 TERMS Reservation Fee P25,OOO for Studio P40,OOO for 1BR ,P50,OOO for 2BR 50% Downpayment payable in 12 months with 5% discount 50% Balance payable monthly in 48 months or upon unit turnover or through Bank Financing at prevailing bank interest rate SCHEME 8 TERMS No Reservation,No Downpayment Total Selling Price payable monthly in 48 months, no interest of Miscellaneous Fees Buyers must be advised that there will be an additional 5.5% miscellaneous fee charge payable to Sta. Lucia Land, Inc.This amount will shoulder all expenses that will be incurred in the transfer of the title to the buyer's name.The 5.5% miscellaneous fee is not subject to 12% VAT and computation shall be based on the Total Selling Price (TSP) of the unit/parking. For buyers availing IN-HOUSE FINANCING SCHEME, the miscellaneous fee can be paid without interest during down payment and balance. For buyers availing BANK FINANCING SCHEME, the miscellaneous fee should be paid to SLLI in full amount during the down payment. Such procedure is necessary for SLLIto transfer the Title to the name of the buyer that is a major bank requirement to process and release bank loan. Please note that the miscellaneous fee does not include fees that may incur in registering the loan. TARGET DATES/CONSTRUCTION TIME TABLE FOR ARTERRA RESIDENCES: - Start of Construction: September 2013 - Construction period: 3 years - Turnover: last quarter of 2016 - Target date of Hotel operation:1st quarter of 2017 Project Name: Arterra Residences Developer Name: Sta. Lucia Land Inc. City in Philippines: Cebu City Updated as of: 04/27/13 |