Studio Condo for Sale in Mango Avenue, Cebu City Horizons 101

Studio Condo for Sale in Mango Avenue, Cebu City - Ready for Occupancy (upon bank approval and spot downpayment)
Horizons 101 is a natural standout in the city skyline. Presently the tallest structure in Cebu , Horizons 101 truly elevates cosmopolitan living to breathtaking new levels. Solid from top to bottom, Tower 1’s foundation alone uses 16,000 cubic meters of concrete—equivalent to 245 NBA basketball courts! 
 Further strengthening Horizons 101, a staggering 10,000,000 kilograms of metals are incorporated into its structure. It would take 500 trailer trucks to carry that much.

Horizons 101 offers a variety of units with different layouts, all intuitively designed and exquisitely finished. The two towers share amenities that include a Lap Pool, Children’s Pool, Game Room, Audiovisual Room, and a Gym, all accessible exclusively to residents and guests via the development’s high-speed elevators and key-card system.
Easily accessible, too, are important establishments such as schools, hospitals, places of worship, and commercial centers, as Horizons 101 is located on the busy General Maxilom Avenue.
Such convenience brings about peace of mind, as do the development’s 100% back-up power and CCTVs. Further bringing convenience and peace of mind is the team that Horizons 101 has recruited to manage of the condominium complex. International property experts Colliers International, Philippines, with over 20 years of property management experience all over the globe, see to Horizons 101’s daily operations. For the benefit of homeowners who wish to rent out their units, Colliers also has their own accredited leasing agents to take care of transactions.
These and more make Horizons 101 an excellent investment, as Tower 1 homeowners and residents have seen, and Tower 2 only makes that excellence twofold.

UNIT DETAILS:

Studio
Unfurnished
22.30 sqm
Amenity View (View facing pool etc.)

SAMPLE COMPUTATION:

Option 1: Spot Downpayment of 20% with 12% Discount, 80% Bank Financing 

Total Contract Price (TCP)                                                   4,007,652.53 
BANK FINANCING DISCOUNT 12%                                 -87,719.50 
DISCOUNTED TOTAL CONTRACT PRICE (TCP)  3,919,933.03 
Less: VAT Rebate                                                                          -352,673.42 
Downpayment (20% of TCP)                                                   713,811.01 
Less: Reservation Fee                                                                    -30,000.00
Downpayment Balance                                                               683,811.01 
20% Spot Downpayment                                                           683,811.01
80% Bank Loan                                                                            3,206,122.02 
Interim Financing Amortization

(To start one (1) month after last monthly DP, using indicative bank rates)
15 years at 7% p.a. (subject to annual repricing) P25,650.83/month
10 years at 7% p.a. (subject to annual repricing) P33,135.13 /month
 5 years at 7% p.a. (subject to annual repricing) P56,508.81 /month

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