1 Bedroom Condo near Mactan Newtown, Bachelors Condominium

Bachelors Condominium, the most affordable condominium for sale in Mactan Newtown, Lapu-Lapu City, Cebu with a target turnover on March 2022.

Bachelors Condominium is your home for fun and leisure, with its location, it will allow you to enjoy summer all year round – the white sand beaches, dining and entertainment, and an endless variety of water activities nearby.

PROJECT DETAILS:
Address: Kasinto St. Mactan, Lapu-Lapu City, Cebu 6015 (at the back of Mactan Newtown)
Land Area: 6,575 sqm
Floor Area : 24,705.54 sqm
No. of Buildings: 2
No. of Floors : 8 (6 residential, 1 parking, 1 commercial)
No. of Units : 502 residential units, 115 parking slots, 43 commercial spaces
Density : 41 to 42 units / floor
Total Number of Parking Slots: 115 + 12 Guest parking
Total Number of Saleable Commercial Spaces : 43
Project Completion : MARCH 2022

DEVELOPMENTS WITHIN THE AREA:
The 30-hectare estate of The Mactan Newtown
Cebu-Cordova Express Link (3rd Bridge) w/ Target Completion: within 2021
Road Length: 8.5 km
Cebu-Mactan Bridge + Mandaue Coastal Road (4th Bridge) w/ Target Completion : within 2028
Road Length: around 4 km (Cebu-Mactan Bridge): around 5 km (Mandaue Coastal Road)

Sample Computations (updated on September 17, 2021):
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1 BEDROOM WITH BALCONY (42.50 SQM)

TOTAL CONTRACT PRICE: P5,831,000.00 (unit A-304)
RESERVATION FEE: P20,000.00

20% EQUITY in 12 months with 0% interest: P95,516.67/MONTH

80% BALANCE THRU SPOT CASH OR BANK FINANCING (P4,664,800.00)
15 yrs – P39,364.25/month
10 yrs – P51,788.88/month
5 yrs – P90,183.73/month
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STUDIO WITH BALCONY (26 SQM)

TOTAL CONTRACT PRICE: P3,120,000.00 (unit A-308)
RESERVATION FEE: P20,000.00

20% EQUITY in 12 months with 0% interest: P50,333.33/MONTH

80% BALANCE THRU SPOT CASH OR BANK FINANCING (P2,496,000.00)
15 yrs – P21,062.68/month
10 yrs – P27,710.73/month
5 yrs – P48,254.71/month
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OTHER CHARGES:
1.5% Doc stamps
0.6% Registration Fee
0.75% Transfer Tax
P30K Fixed for Miscellaneous Fees
0.3% Real Estate
P11,867.40 Fixed MECO Deposit
3 months-worth of Monthly dues as move-in fee

AMENITIES:
Swimming Pool
GymRetail Area
Outdoor Area at 3rd Floor

FEATURES:
Multiple Lobbies
6 Passenger elevators, 3 per building
Guest Parking
24-hours security
Centralized Mailroom
CCTV Monitoring in common areas
Automated heat and smoke detection with sprinklers on common areas and all units
Underground water tank for water supply
100% Backup power for common areas
Provision for a single-point water heater for all units
Cable and internet ready for all units


WHY ARE you STILL READING THIS? CALL US NOW!

COCOY M. TOLEDO
Licensed Real Estate Broker
PRC License No. 20332

RICHEL PARADIANG-TOLEDO
Licensed Real Estate Broker
PRC License No. 20331

WARNING: Avoid fly-by-night agents, DEAL only with competent licensed real estate brokers to protect your hard-earned money!