RFO 3BR Astele Subdivision in Maribago, Lapu-Lapu City, Cebu For Sale

DESCRIPTION
Name of Project: Astele Subdivision
Location: Maribago, Lapu-Lapu City, Cebu

Astelé Subdivision is a sanctuary where the therapeutic breeze of the nearly ocean calms your being. A modern community settled in the vibrant island of Mactan, Astelé is surrounded with beautiful world-class beach resorts -- a vacation is never too far away.
Being strategically located at Maribago, Lapu-Lapu City, Astelé is within the proximity of the famous blue beaches, resorts and diving spots along Maribago and other places in Mactan Island, Cebu.

Landmarks/Accessibility:
-walking distance going to Tambuli Beach Resort
-4 minutes going to Science & Technology Education Center
-4 minutes going to MEPZ-2
-6 minutes going to Mactan Doctors Hospital
-10 minutes going to Sto. Niño Church
-10 minutes going to Mactan Cebu International Airport
-10 minutes going to Marina Mall

Transportation Details:
-Motorcycle and Tricycle from the subdivision going to National Hi-way
-PUJ (Public Utility Jeep) going to Malls, Hospitals and Schools

PROPERTY DETAILS/FEATURES
2 Story Single Detached
3 Bedrooms
2 Toilet And Bath
Powder Room
Steel Reinforced Solid Concrete Walls
Imported Granite Kitchen Counter Top With Sink And Kitchen Cabinets
Ceramic Floor Tiles For Living, Dining, And Kitchen Areas
Painted Ceiling And Room Partitions
Powder-coated Aluminum Framed Glass Windows With Insect Screens
Asphalt Shingles Roofing

PAYMENT FINANCING SCHEME/COMPUTATION
Sample Computation for Bank Computation
Selling Price: Php 15,043,032
Taxes and Other Related Charges: Php 1,308,090
Total Contract Price : Php 16,351,122

1.) Reservation Fee (RF): Php 50,000 (deductible from the downpayment)
2.) 13% Equity/Down Payment (DP):Php 1,807,814 payable up to 3 months Php 602,605/month
Monthly TORC: Php 1,308,090 payable up to 3 months Php 436,030/month
3.) 87% Loanable Balance: Php 13,087,438
Estimated Bank Loan Computation
* 20 years @ Php 90,027/month
* 15 years @ Php 106,935/month
* 10 years @ Php 142,033/month
* 5 years @ Php 249,985/month

Sample Computation for Pagibig Computation
Selling Price: Php 15,043,032
Taxes and Other Related Charges: Php 1,308,090
Total Contract Price : Php 16,351,122

1.) Reservation Fee (RF): Php 50,000 (deductible from the downpayment)
Equity Discount: Php 216,620
2.) 24% Equity/Down Payment (DP):Php 3,343,707 payable up to 4 months Php 835,927/month
Monthly TORC: Php 1,308,090 payable up to 2 months Php 654,045/month
3.) 76% Loanable Balance: Php 11,432,407
Estimated Pagibig Loan Computation
* 30 years @ Php 64,018/month
* 25 years @ Php 69,354/month
* 20 years @ Php 77,837/month
* 15 years @ Php 92,656/month
* 10 years @ Php 123,365/month
* 5 years @ Php 217,713/month

In-house Financing
5 Years @ Php 173,112/month

AMENITIES
Underground Electrical, Cable And Telephone System
Perimeter Fence
Cemented Sidewalks With Street Lights
Concrete Roads, Curbs And Gutters
Water Distribution System
Swimming Pool
Clubhouse And Fitness Gym
Kid’s Playground