Thursday, February 21, 2013

President praises Megaworld for Newtown; Cebu, too, for its skilled workers


By Elias O. Baquero
Thursday, February 21, 2013
PRESIDENT Benigno Aquino III reiterated a promise to make it easier for business owners to transact with the government and to avail themselves of competitive incentives.
He made the assurance in his speech during the unveiling yesterday morning of the Mactan Newtown, the flagship project in Cebu of Megaworld Corp.
“This is your first such (township-type) project outside Metro Manila, and the people from around here can assure you that you’ve made the right choice,” the President said.
“If there is any place where you can replicate your success in such projects in Metro Manila, it’s here in Cebu. The workers you will find here are skillful, creative, lighthearted, while possessing an unshakeable pride in the quality of their work,” he also said.
On the second day of his visit to Cebu, the President skipped a political sortie in Liloan town and instead went to Mactan. There, he thanked Megaworld executives, led by Chairman and Chief Executive Officer Andrew Tan, for investing in Cebu, creating jobs and providing facilities for more tourists.
Malacañang issued in June last year its Proclamation 407, declaring the 16 hectares of land owned by Megaworld in Mactan as a special economic zone.
Tan, in his speech, said the company is investing P20 billion for the project. He commended the Aquino administration for attracting more foreign retirees to the country.
Japanese retirees make up the bulk of buyers of two condominiums that Megaworld launched last year, 8 Newtown Boulevard and One Pacific Residence, the company said in a disclosure to the Philippine Stock Exchange.
The President has instructed the Philippine Retirement Authority (PRA) under General Manager Ernie Atienza and the Philippine Economic Zone Authority (Peza) to help Megaworld.
Higher target
The PRA processes documents of retirees who want to invest and reside permanently in the Philippines. Peza supervises economic zones.
“We see the Mactan Newtown as a major driver of growth for Lapu Lapu City and Cebu in general in terms of job opportunities, sports and recreation, retail shopping and of course, tourism,” Tan said.
President Aquino also reported the revised tourism target of 56.1 million travelers by 2016. That, after the tourism department confirmed that in 2011, the Philippines recorded 37.5 million domestic travelers.
“Just to put this number into perspective, this already surpassed our original 2016 target of 35.5 million domestic travelers…By then (2016), we expect that we will need more than 37,000 additional rooms in our destination clusters, which include Cebu,” Aquino said.
“Suffice it to say: we fully intend on sending more guests to hotels in Cebu—guests who will be riding in your boats, buying your dried mangoes, and eating your famed Cebu lechon. So, to Megaworld: If you have some extra space here after all your buildings are done, you cannot go wrong with building another hotel.”
When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09164422611/09173373687.

Wednesday, February 20, 2013

Merger Plans Boost SM Shares


By James A. Loyola
February 20, 2013, 6:21pm
SM Investments Corporation and SM Prime Holdings Inc. reached a record intra-day highs topping P1,000-mark on news that it is studying a proposal to merge its subsidiaries engaged in the property development business to create what is seen to be the country’s top real estate company.
According to SMIC vice chairperson Teresita Sy, they are studying the merger proposal although the plan has not been “finalized yet in terms of what companies will be included.”
SMIC controls SM Prime Holdings Inc., the country’s top mall developers; SM Development Corporation, which is among the country’s biggest residential condominium developer; SM Land which is focused on the tourism industry, and Highlands Prime Inc. which is a high-end property developer.
SM Prime has a market capitalization of P334.96 billion, SMDC has a market value of P79 billion, while HPI is worth P4.92 billion. SM Land is not publicly-listed. SMIC also partly owns Belle Resources Corporation which has a market capitalization of P55.75 billion.
On the other hand, Ayala Land Inc., currently the top real estate firm has a market capitalization of P437.31 billion, lower than the P474 billion market capitalization of SMDC, SM Prime, HPI and Belle combined (excluding SM Land).
“This move is a tacit admission that Ayala Land’s strategy as diversified developer is better than SM’s approach of fragmented units focusing on specific real estate segments,” James Lago, head of research at PCCI Securities Corp. in Manila.
Intra-day, shares of SM Prime peaked at P20.80 while SMIC shares hit a record P1,015 yesterday. SMDC also hit a record P9.48 per share as Highlands Prime Inc. surged to P3.28.
“A diversified SM property builder will give Ayala Land a stronger competitor,” Lago said. “Sy will have a developer with stable earnings – it will get a steady income stream from the malls’ rental earnings and income from the development and sale of property, which is subject to market cycles.”
SM Prime and SMDC had P52.33 billion in combined sales in 2012, compared with Ayala Land’s P49.9 billion revenue. SM Prime had P10.53 billion in profit last year compared with Ayala Land’s P9.04 billion peso net income.


When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09164422611/09173373687.

Megaworld Doubles Mactan Newtown Investment To P20-B


February 20, 2013, 8:03pmBy Malou M. Mozo and Madel Sabater Namit
LAPU-LAPU CITY, Cebu – President Benigno S. Aquino III vowed to “maintain” a “business environment” that will further attract more investments in the country and could propel the domestic economy to higher levels.
The President made this assurance at the inauguration of Mactan Newtown, a 20-hectare township development project of Megaworld Corp. on the back of the announcement by Andrew L. Tan, chairman and chief executive officer of the real estate firm, that he will double the investments for its first project in Cebu to P20 billion spread in the next five to seven years.
“Across all sectors, our administration, in the coming weeks, months, and years, will continue giving you reasons to invest in the Philippines and to stay in the Philippines – and so will the Filipino people, as they always have. We will maintain the business environment that has led to investments like this,” the President said.
He stressed the government will continue to provide a level-playing field for both foreign and local investors “make it easier for companies to set up shop here, or to expand, as you are doing today.”
“Since assuming office, we have made a point to make it easier for companies to set up shop here, or to expand, as you are doing today. We are making sure that we provide competitive incentives to those investing in our priority sectors; and we are making sure that the keys to success in our country are hard work and innovation, and not simply a willingness to connive with crooks,” Aquino said.
He described the Mactan Newtown project as one sign of the country’s growing economy, which has vast trickle down effects from job creation to perking up activities of the other economic sectors.
“These projects are helping to grow the economy in ways that can be felt by ordinary people. Once this is completed, many of the businesses that will be established here will create tens of thousands of jobs for the local community both direct and indirect,” Aquino said.
He expressed optimism that more similar infrastructures will rise outside Metro Manila.
Driven by the strong optimism in Cebu’s economic landscape, Tan said Megaworld, one of the country’s leading real estate players, has doubled its investment from P10 billion to P20 billion for Mactan Newtown, a sprawling mixed-use commercial development expected to be completed within the next six years. It aims to duplicate Eastwood City in Libis, Quezon City, which is a mix of residential, and office condominiums, malls, hotel and business process outsourcing (BPO) centers.
“In the next five to seven years, we are investing P20 billion pesos in this township to build luxury residential condominiums, office towers, a world-class lifestyle mall, our very own Richmonde Hotel and soon- a sports and leisure facility,” Tan said.
The Mactan Newtown is said to be the biggest project so far of Megaworld in the southern Philippines. The township is inspired by the “live-work-play” concept. For this specific project, Megaworld has partnered with the Philippine Retirement Authority, allowing foreigners who want to retire at the Mactan Newtown to get a special resident retiree’s visa.
Aquino lauded Megaworld’s big ticket investment as it reinforces the Philippines’ capability to lure more investors both foreign and local. The President said that infrastructure projects like Mactan Newtown is a viable checkpoint for the Philippines having been recognized as “the next tiger of Asia.”
“Projects like this are valuable checkpoints for us — showing that, indeed, we have made progress. We are extremely thankful to companies like Megaworld — for nourishing the Philippines towards becoming the next Asian Tiger, by actually opening their checkbooks to make serious bets on our country. Nothing says confidence like P10-billion in investments. Nothing says confidence like planning to complete up to 14 buildings in the span of less than three years,” he said.
The President also expressed hope that he will lead the inauguration of the Mactan Newtown before the end of his term in 2016 and make a tour of the area as a regular tourist when he steps down in 2016.
“I am hopeful that this complex can be finished ahead of schedule — hopefully before July in 2016 — so that I can pay another visit to this beautiful place during my term, and if that isn’t possible, perhaps I can do so as a regular tourist and I can spend a lot more time here,” Aquino said.
According to Tan, a new residential cluster will be launched this year.Two luxury residential condominiums were launched in 2012- 8 Newtown Boulevard and One Pacific Residence-both are already sold out mostly to Japanese retirees.
As a cyberpark, Mactan Newtown is expected to generate employment for 25,000 full-time BPO workers in the next five to seven years.
“Two BPO companies- EnfraUSA and Results Manila, are ready to start their operations by April,” Tan said, adding that both are first-time locators in Cebu and will employ a combined 1,400 workers.
These companies will occupy the five-story One World Center, the first office tower to rise in the township.
Jericho Go, Megaworld first vice president for business development and leasing group, said that with the first office building already fully leased out, Megaworld will begin construction of its second BPO tower — Two World Center — this year, and is slated for completion in the first quarter of 2014.


When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09164422611/09173373687.

Why Buy a Condo You Seldom Use? Because You Can



Michael Nagle for The New York Times

Many windows at the Plaza Hotel were dark last week. A real estate broker estimates that only 10 percent of its roughly 150 condominium apartments have full-time residents.


  • FACEBOOK
  • TWITTER
  • GOOGLE+
  • SAVE
  • E-MAIL
  • SHARE
  • PRINT
  • REPRINTS

In the ornate lobby of the Plaza Hotel in Manhattan, high heels clack across the marble floor, glasses clink at a bar in the corner, neatly dressed porters scurry back and forth, and the buzz of quiet conversation ripples through the room. But just around the corner, at the entrance reserved for residents of the Plaza’s condominium apartments, the gilded lobby stands all but silent. Here, very few people come and go, because most of the apartment owners live someplace else.

Connect with NYTMetro

Metro Twitter Logo.
Follow us on Twitterand like us onFacebook for news and conversation.
Michael Nagle for The New York Times
One real estate broker said that in the Time Warner Center, he had dealt with condominium buyers from London and Hong Kong, Minnesota, New Jersey and Texas — but never New York.
“I would say 10 percent of the building are really full-time residents like myself, out of about 150 apartments,” Joanna Cutler, a real estate broker who has lived in the building since 2007, said last week as she sauntered through long, empty hallways.
“For the record,” she said, after stepping off an elevator shared with a man in a suit and a woman with an enthusiastic bichon frisé, “I have never seen those people before.”
Pieds-à-terre exist throughout the New York City condo market, a separate little world of vacation homes and investment properties. But the higher the price, the higher the concentration is likely to be of owners who spend only a few months, a few weeks or even just a few days each year in their apartments. This very costly form of desolation means that some of the city’s most expensive residential buildings stand mostly dark, lonesome and empty on the inside.
“Our next-door neighbors were absolutely lovely, and we saw them maybe once a year,” said a former resident at 25 Columbus Circle, the south tower of the Time Warner Center, who spoke on the condition of anonymity. “Most people don’t actually live there.”
There are no reliable statistics on the number of pieds-à-terre in New York City, but real estate experts say that global economic jitters have drawn more and more astonishingly wealthy people into the market in recent years. They come from all over, whether Monaco, Moscow or Texas, looking for a safe place to put their money, as well as a trophy, and perhaps a second — or third or fourth or fifth — home while they’re at it.
“It is a safe haven,” said Jonathan Miller, president of the appraisal firm Miller Samuel. “It’s not coming from just one country; it’s a global phenomenon.”
Scott Avram, an assistant vice president at Toll Brothers City Living, a company that builds luxury condos, said 40 percent of the buyers at the Touraine, a project at 65th Street and Lexington Avenue, were from foreign countries.
And the ultraluxury condo building One57 on West 57th Street, where two apartments are in contract for at least $90 million, has had billionaire buyers from Britain, Canada, China and Nigeria, as well as from America.
Then there is the $88 million crash pad at 15 Central Park West, bought last year by a trust linked to Ekaterina Rybolovleva, then 22 years old. Ms. Rybolovleva is the daughter of a Russian billionaire in the fertilizer industry, Dmitry Rybolovlev, who is in the middle of a rather expensive divorce. In a lawsuit filed last year, Mr. Rybolovlev’s wife, Elena Rybolovleva, alleged that the apartment was bought not as a place for their daughter to live, but as a way to put that money out of the older Ms. Rybolovleva’s reach. According to court documents, the younger Ms. Rybolovleva is a resident of Monaco.
The building at 15 Central Park West has its share of pieds-à-terre, real estate professionals say. But the concentration there is not as high as in other brutally expensive buildings, especially those in Midtown that share space and services with hotels, like the Plaza or the Time Warner Center, which shares a building with the Mandarin Oriental.
“I was living on the 16th floor, and I was pretty much the only one there,” said Charlie Attias, a senior vice president at the Corcoran Group who rented an apartment at the Plaza for three years and has handled many transactions in the building. “We had the occasional visitor — I mean, the occasional owner — once in a while.”
“Actually, when we saw somebody, it was a big thing,” he added. “Oh wow, somebody’s in my hallway!”
Scott Stewart, a senior vice president at the Corcoran Group, sold five condos at Time Warner Center over about eight years. He has had buyers from London and Hong Kong, Minnesota, New Jersey and Texas — and not a single one from New York. In all the times he has shown the building to prospective buyers, he added, he never saw more than one person using the condo’s gym at a time.
“I’ve seen Kelly Ripa there,” he said of the television star, who has since moved out. “Two little kids were playing with Legos on the treadmill next to her, and there was nobody else.”
Elizabeth Lee Sample, a broker at Sotheby’s International Realty and a member of the board that oversees the Time Warner complex, estimates that the condos in the south tower are generally about 60 percent occupied, while those in the north tower are only about 30 percent occupied, except during the holidays.
Nonetheless, a spokeswoman for Related Management, which manages the building, said it is staffed for full occupancy at all times, just in case.
Some residents, like Mr. Attias and Ms. Cutler of the Plaza, say the sparse population means extra privacy, lots of attention from the staff and very little noise. Mr. Stewart said he always pointed it out at Time Warner as a selling point.
Others, however, describe living in a deserted piggy bank as something else: lonely.
“I always said when I lived there that it felt very transient, and I wouldn’t want to live in that type of building again,” the former Time Warner resident said.
“The building I had come from was like living in a large dysfunctional family,” the former resident continued. “Maybe you hated them, maybe there was that aunt you didn’t want to talk to at the holidays, but it was still nice knowing everybody.”

When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09164422611/09173373687.


Friday, February 15, 2013

Do Renters Have Rights?



Expert Author Michael Henley
At some point in your life, you have probably rented an apartment. Perhaps it has been for yourself or perhaps it is for your child who is in college. You may be wondering if renters have any rights at all. This is especially true if you or your child have a less than desirable landlord.
A landlord tenant relationship should be based upon trust as well as respect. However, this is not often the case. What do you do if you have a landlord who refused to fix things when they break? What do you do if your landlord refuses to give back your security deposit when you move out of your apartment?
Here are some things that you should know to protect your rights as a renter:
  • Always put your lease agreements in writing. A "verbal" lease can cause man misunderstandings. Your lease agreement should contain specifics on how much your rent will be as well as if you are responsible for utilities. The lease should also specify when your rent is due. A lease may also specify if you are allowed to have pets and what type of pets are acceptable. The more specific the lease is, the better.

  • Landlords should expect some wear and tear on the apartment. A renter may be held responsible for things that are damaged which can not be considered normal wear and tear. To protect yourself, you may want to take a video of your apartment before moving in. Make sure to take pictures of any things that are damaged or in disrepair. For example, holes in the walls or ripped shades on the windows should be documented. Then, do the same when you move out.

  • Get permission from the landlord to if you want to paint or make other improvements to the apartment. When you do get permission, make sure that it is in writing and specifies the types of things that can be done. For example, if your landlord agrees to let you paint your daughter's room in pink paint, get it in writing.

  • Your landlord can charge a fee on your rent if you are late paying it. This fee should be specified in the lease agreement.

  • You have a right to your security deposit after you move out of your apartment. In order to make sure that you get your deposit back, you should give your landlord 30 days notice in writing if you plan to end your lease. You should receive your deposit within 45 business days after leaving the apartment.

  • Your landlord must ask your permission to enter your apartment. The only way that a landlord can enter your apartment unannounced is if there is an emergency or if an item needs to be repaired immediately.

  • The rights of renters vary from state to state and may be affected by other factors.
If you have a question about your rights as a renter, you should contact a lawyer who is experienced in this area of law. Likewise, you should also consult a lawyer before exercising your rights as a renter. This is important to avoid liability as well as lawsuits.
Use the real estate law services of one of the most experienced Guelph Lawyers. Click here to get counseling on an important investment decision, or to get timely and adequate assistance in a legal property dispute. For more information, check out www.HenleyLaw.ca.
When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09164422611/09173373687.

Thursday, February 14, 2013

APPLEONE BANAWA HEIGHTS - Good Sheperd St., Banawa, Cebu City

APPLEONE BANAWA HEIGHTS - Good Sheperd St., Banawa, Cebu City

When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09164422611/09173373687.

Sunday, February 10, 2013

STEEP PRICE INCREASES in the real estate sector are creating "pockets of concern"


STEEP PRICE INCREASES in the real estate sector are creating "pockets of concern" but overall there is no cause for alarm just yet, a Bangko Sentral ng Pilipinas (BSP) official said.

"We are not yet seeing any misalignments, but there are some pockets of concern that we need to investigate," central bank Assistant Governor Cyd N. Tuaño-Amador said in an interview last Friday.

"We are not yet alarmed but we are attentive, even to underappreciated risks."

The areas that have put the BSP on alert are the office property and the luxury residential segments, as well as the price-to-earnings ratios of listed property developers, since there are signs of "sustained, unidirectional" increases, Ms. Amador said.

However, she added that it was difficult to clearly detect an asset bubble, especially since there are fundamental reasons supporting increased demand for real estate.

The rise of the office property segment could be driven by an uptick in rentals, especially with the rapid expansion of the outsourcing industry, she explained. The robust economy and an influx of expatriates could also be supporting the residential luxury segment.

Price-to-earnings ratios, meanwhile, could be climbing because of a stock market bull run.

"This could just be part of the economic cycle since the country is going through a boom. As long as these are structural reasons, they are acceptable reasons," Ms. Amador said.

Moreover, the central bank is monitoring indicators of speculative demand for real estate.

"Some of the red flags include purchases and housing loans for second homes -- those bought not to be lived in but to be flipped over," she said.

Ms. Amador gave assurances that the BSP remained watchful so that macroprudential tools "still have their bite."

Among the measures that have been recently rolled out by monetary authorities are loan-to-value ratios that allow banks to grant loans only up to 80% the value of collateral; concentration limits capping banks’ exposures to specific sectors such as real estate to only 20% of their total loan portfolio; or single borrower’s loan limits that restrict exposures to any one client to only 25% of banks’ capital.

The exercise of prudence, said Ms. Amador, will be balanced with the goal of promoting economic growth. "We are careful not to be overbearing. Central banks tend to be accused of taking out the punch bowl before the party has even started," she said.

The economy grew by 6.6% last year amid record low policy rates. There are concerns, though, that easy credit conditions could create bad loans and asset bubbles.

The real estate sector was at the epicenter of the 1997 Asian and the 2008 global financial crises as consumers defaulted on housing loans with property prices becoming hyperinflated, dragging down with them other financial instruments such as mortgage-backed securities.
When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09164422611/09173373687.

APPLE ONE BANAWA HEIGHTS


@ Good Shepherd St., R. Duterte St., Banawa-Guadalupe, Cebu City

Picture

Live like you're in SAN FRANCISCO...

the electric and zesty life cannot thrive in crowded living spaces. This is why the newest project by AppleOne Properties, Inc. sprawls on a 2.8-hectare development in Good Shepherd Road, Banawa where three residential concepts are available to match your exclusive taste.

Our three-storey Mansionettes, four-storey walk-up Villas, and twelve-storey Towers are divided into private clusters such that on each floor, you will only have two to five neighbors. With dedicated amenities for each type of home offering, generous and expansive landscapes, AppleOne Banawa Heights is a distinctly themed gated subdivision that truly changes the face of metropolitan living in Cebu. 

LOCATION:
Is located in Good Shepherd Road, Banawa, Cebu City. Accessible thru Good Shepherd Road and Forest Hills. 200 meters away from Duterte Street Highway thru Good Shepherd Road. 500 meters away from Duterte Street Highway thru Forest Hills.

THE AREA IS VERY ACCESSIBLER TO:
SCHOOLS - Evangelical Theological College, Emmanuel College, Banawa Elementary School, Guadalupe National School
BANKS - China Bank, BDO, RCBC, PS Bank, Metro Bank, BPI and East West Bank
SUPERMARKETS AND PUBLIC MARKET - Rustan’s Supermarket; One Pavilion Mall; Banawa Public Market      
RESTAURANTS/FASTFOOD CHAIN - One Pavilion Mall, Rustan’s Commercial Complex, Jollibee, Chowking, Dimsum Break and etc
CHURCHES - Living Word Christian Ministries, Church of Nazarene, Baptist Church, Alliance of Two Hearts Church, Guadalupe Church, Sovereign Grace Church
HOSPITALS - Chong Hua Hospital, Don Vicente Sotto Memorial Medical Center, Cebu Doctors Hospital and Visayan Community Medical Center
GOVERNMENT INSTITUTIONS - Capitol and Court of Appeals

UNIT FEATURES PER UNIT TYPES:
TOWERS | UNIT FEATURES:
Living, Dining and Kitchen Areas (Smooth-painted finish ceiling and walls)
Ceramic tiles(Floors)
Kitchen Counter and Cabinets (Granite counter top and splash boards, range hood ready with vent cap outlet  and tiled floor inside lower cabinets)
Toilet and Bath (Half-tiled, with exhaust fan, with vent cap on its outlet)
Bedroom Closets (modular cabinets using melamine boards with modern accessories)
Balcony / Terrace (for selected units)(steel tubular handrail with wrought iron balusters)
Bathroom Fixtures (Telephone type shower set, pedestal-type lavatory w/faucet or approved equal; water closet and hygienic spray or approved equal; mirror, door hook, soap holder and tissue holder)
Water heater (outlet provision, shower only)
Kitchen faucet (Single hole faucet or approved equal)
Kitchen sink (Single bowl, stainless steel)
Shower enclosure (sliding glass)
Aircon accessories (sleeve with cage (painted steel) and ACU outlet)

VILLAS | UNIT FEATURES:
Living, Dining and Kitchen Areas (Smooth-painted finish ceiling and walls)
Ceramic tiles(Floors)
Kitchen Counter and Cabinets (Granite counter top and splash boards, range hood ready with vent cap outlet  and tiled floor inside lower cabinets)
Toilet and Bath (Half-tiled, with exhaust fan, with vent cap on its outlet)
Bedroom Closets (modular cabinets using melamine boards with modern accessories)
Balcony / Terrace (for selected units)(steel tubular handrail with wrought iron balusters)
Bathroom Fixtures (Telephone type shower set, pedestal-type lavatory w/faucet or approved equal; water closet and hygienic spray or approved equal; mirror, door hook, soap holder and tissue holder)
Water heater (outlet provision, shower only)
Kitchen faucet (Single hole faucet or approved equal)
Kitchen sink (Single bowl, stainless steel)
Shower enclosure (sliding glass)
Aircon accessories (sleeve with cage (painted steel) and ACU outlet)

MANSIONETTE | UNIT FEATURES:
Living, Dining and Kitchen Areas (Drop ceiling, cove lighting Ceiling, and smooth-painted walls)
Ceramic tiles (Floors)
Kitchen Counter and Cabinets (Granite counter top and splash boards, range hood ready with vent cap outlet and tiled floor inside the lower cabinets)
Toilet and Bath (Full-tiled, with exhaust fan, with stainless vent cap outlet or approved equal)
Bedroom (Laminated floor) (Bedroom closet: modular cabinets using laminated boards w/ modern accessories)
Balcony / Terrace (for selected units) (steel tubular handrail with wrought iron balusters)
Bathroom Fixtures with a back lighted vanity mirror over counter ( Stainless rain shower set with mixer and faucet, granite counter top lavatory; one-piece water closet w/hand-held bidet, and hygienic spray; soap and shampoo holder, tissue holder and towel hanger)
Water heater (outlet provision, shower only)
Kitchen faucet (Single hole faucet or approved equal)
Kitchen sink (Single bowl, stainless steel)
Shower enclosure (Sliding frosted glass)
Aircon accessories (sleeve with cage (concrete slab, with drain and louvers) and ACU outlet)

AMENITIES:
70% open spaces, which include a fully landscaped subdivision with generous walkways, jogging trails, and pocket gardens
Keyless Access Control – a first of its kind in Cebu
5 Swimming pools
Multi-function Gazebo
Grand Fountain Grand Entrance Gate
Parks and Playground
Basketball Court
Gym
Boutique Shops
Alfresco Café
Convenience Stores & other retail establishment to answer the needs of the residents
Underground electrical system


FREQUENTLY ASKED QUESTIONS:

How much is the reservation fee? *P 25,000 (NOTE:  The Php25,000.00 reservation fee is applied on the 20% Down payment if all required documents are submitted within 30 days from Reservation Date. However, if the required documents are not submitted within 30 days, the reservation fee is forfeited.)

What are the requirements for reservation?               
*Buyers Info Sheet (BIS)2 Valid IDs
*Signed Computation Sheet
*Reservation Agreement
*Paystub for the last 3 months, applicable only for Pag-ibig Financing
(NOTE: Buyers are only given 30 days for the completion of requirements. Otherwise, reservation fee will be forfeited.)

What are the payment options? 
*Deferred Payment- 24 mos. at 0% interest
*Bank Financing- BDO and BPI
*PAG-IBIG Financing

Where are the parking units located? 
*All parking areas are located at the basement of each building. There are also Towers with second floor podium parking.

How many parking units can I buy? *Each Buyer can purchase up to two (2) parking units.

How much is the Association Dues? *To be determined and to be announced later.

Can we have adjoining units? *Yes, all units are modularly designed.

Can a foreigner buy a unit? *Yes, all foreigners can buy a condo unit of not more than 1,000Sqm. All titles are Condominium Certificate of Title (CCT).

How big is the road inside the subdivision? *10-meters wide road network.

When is the turnover of the unit?
*The Towers - turn over will be on the 25th month (upon full payment of DP)
*The Villas - turn over will be on the 37th month (upon full payment of DP)
*Mansionette - turn over will be on the 49th month (upon full payment of DP)

What would be the First Batch of units to be sold? 
*The Tower (6 Private Cluster) 12-Storey
*The Villas (3 & 2 Private Cluster) 4-Storey
*Mansionette (2 Buildings) 3-Storey
For more info, pls call +639164422611 or visit  http://www.roi.com/appleone-banawa-heights-good-shepherd-cebu-city.html

When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09164422611/09173373687.


Thursday, February 7, 2013

Apple One Banawa Heights uses private cluster concept



Tuesday, January 29, 2013

AFTER the huge success of its flagship project, AppleOne Tower, local real estate developer AppleOne Properties, Inc., offers
AppleOne Banawa Heights—a 2.8-hectare private and exclusive residential development in Good Shepherd Road, Banawa, Cebu City.
Inspired by the scenic and park-like setting of the Pacific Heights in San Francisco’s Bay Area, AppleOne Banawa Heights introduces the “Private Cluster Concept.”
The innovative concept is a group of stand-alone buildings, grouped together with separate entrances and porches which give unit-owners more privacy with only two-six units per floor.
AppleOne Banawa Heights offers three different housing concepts: the Towers, the Villas and the Mansionettes.
With Victorian themed house designs, each of these concepts will have their own amenities, complete with parking units at the basement of each building.
Homeowners will enjoy a keyless access control in each private cluster entrance to ensure security and exclusivity. With its premeditated location, AppleOne Banawa Heights is close to various schools, churches, hospitals, banks, supermarkets and public markets, restaurants and fast food chains.
For more information about AppleOne Banawa Heights, visit AppleOne’s website  or contact us at +639164422611.

When in Cebu City, please visit http://www.gregmelep.com for your real estate and retirement needs. Avail of the opportunity to own a condominium unit in Cebu City at the low amount of only P9,333.33 and House and Lot @ P 7,306.81/month only. Hurry while supply of units still last. Just call the Tel. Nos. shown herein: (053)555-84-64/09164422611/09173373687.