altea @ ciudades

ALTEA @ CIUDADES

Life assumes a new meaning at Altea, a proud fusion of the traditional and the modern with accents of elegance and luxury. The greatest pleasures of life are a privilege in this 8-hectare residential haven -- with affordable 100 sq.m. lots ensuring value for money yet owning a promising property.

Altea offers an improved quality of life in an exciting variety with the development of adjoining complementary features at Ciudades. A real estate innovation motivated by a unique and profound vision, Ciudades is a modern integrated mixed-use development ideal for the expanding institutional, industrial, commercial, recreational, and residential requirements of the City of Davao and the Region.

Experience life to the fullest with original panache, vigor, and dynamism of Altea at Ciudades, where everything is within reach.

A Prime Joint Development from Sta. Lucia Land Inc. and Lapanday Properties.

SAMPLE COMPUTATIONS:

AVERAGE LOT SIZE	100 SQ.M
Price: Regular Lot	3,800.00
Corner Lot	4,000.00
Average Contract Price	380,000.00
Reservation Fee	10,000.00

SCHEME 1: 10% DP PAYABLE IN 7 DAYS = 7% discount	38,000.00 less 7% discount 2,660.00
DOWNPAYMENT NET OF DISCOUNT	35,340.00
Add Miscellaneous fee	2,452.71
TOTAL DOWNPAYMENT	37,792.71
LESS RESERVATION FEE	10,000,00
· DOWNPAYMENT PAYABLE WITHIN 7 DAYS	27,792.71
· 90 % BALANCE 2, 5 , AND 10 YEARS
· * 2 YEARS TO PAY , NO INTEREST	14,250.00
ADD MISCELLANOUS FEE	919.77
MONTHLY AMORTIZATION FOR 2 YEARS	15,169.77

Monthly for 5 yrs to pay at 14% int. p.a. (.02327)	7,958.34
Add: Miscellaneous Fee	367.91
*Monthly Amortization for 5 yrs*	8,326.25

Monthly for 10 yrs to pay at 14% int. p. a. (.01553)	5,331.26
Add: Miscellaneous Fee	183.95
*Monthly amortization for 10 yrs*	5,495.21

SCHEME 2: 20 % 12 MONTHS TO PAY NO RESERVATION FEE, NO DISCOUNT
20 % DOWNPAYMENT	76,000.00
MONTHLY DOWNPAYMENT	6,333.33
ADD MISCELLANOUS FEE	411.67
MONTHLY FOR 12	6,745.00
80 % BALANCE : P 304,000.00
Monthly for 5 yrs to pay at 14% int. p.a. (.02327)	7,074.08
Add: Miscellaneous Fee	329.33
*Monthly Amortization for 5 yrs*	7,403.41
Monthly for 10 yrs to pay at 14% int. p. a. (.01553)	4,721.12
Add: Miscellaneous Fee	164.67
*Monthly amortization for 10 yrs*	4,885.79

SCHEME 3 : NO RESERVATION, NO DOWNPAYMENT, 24 YEARS TO PAY

TOTAL CONTRACT PRICE P 380,000.00
MONTHLY AMORTIZATION 15,833.33
MISCELLANEOUS FEE 1,029.17
MONTHLY FOR 24 MONTHS 16 ,862.50