Lancaster Estates Alapan, Imus, Cavite - Imus

Thursday, 2 February 2012

Item details

City: Imus, Cavite
Offer type: Sell
Price: PHP 850,000
Bedrooms:3
Bathrooms:1
Full Square, m²:40
Land Square, m²:40
Floors in House:2

Contacts

Contact name Bernadette Martinez
Phone 0939-3088793

Item description

HIGHLIGHTS
Location: Alapan, Imus, Cavite
Landmark: Around 25 mins to Baclaran and Mall of Asia though CavitEx
Unit Types: Single Attached House and Lots / Affordable Townhouses
Floor Area: 40 sqm. to 100 sqm.
Typical Lot Area: 40 sqm. to 120sqm.
Typical Selling Price (SP): PHP 830K to 2.6M [Sample Computation
Developer: Property Company of Friends Inc. (ProFriends
Total Land Area: 700 Hectares
PROJECT CONCEPT
Lancaster Estates is a 700-hectare masterplanned community whose span covers Imus, Gen. Trias and Kawit in Cavite.
It is a township project that offers properties from affordable to upper middle income housing market. Lancaster Estates will be a full blown community with plans to develop everything a family needs like market, bus station, church, school, etc.
It is located less than 25 mins from Mall of Asia through the newly constructed Cavite Expressway (CavitEx). In the future, some buses going to Batangas will pass right through the subdivision. As of the moment, it is alread accessible though shuttle service and tricycles. Then just one bus away to reach Lawton once you are on the Centenial road.
REASONS TO BUY LANCASTER ESTATES
LOCATION: Less than 25 mins from Baclaran or Mall of Asia through recently opened CaviteEx (Coastal Road extension).
EASY PAYMENT TERM: No Minimum Salary or Income requirements. Only 12.5% DP payable up to 15 months at 0% interest
COMFORT: More open spaces because of the linear park right in your own backyard in some models
VARIETY: has offerings for affordable housing to upper middle market buyers
GOOD INVESTMENT
Have high appreciation potential.
Road though Lancaster Estates is currently being transformed into a major highway to Batangas.
Plan includes bus terminal, market, school, and church
LANCASTER HOUSE MODELS
Note: Prices as of Jan, 2012
Alice
Townhouse with 3BR and 1TnB
Floor Area : 40 sqm.
Lot Area : 40 sqm.
Min Selling Price: Ph850,000
Sample Computation Floorplan
CatherIne
Townhouse with 3BR and 2TnB
Floor Area : 50 sqm.
Lot Area : 50 sqm.
Min Selling Price: Ph960,000
Diana
Townhouse with 3BR and 2TnB
Floor Area : 60 sqm.
Lot Area : 50 sqm.
Min Selling Price: Ph1,060,000
Sophie
Single-Attached, 3BR and 2TnB
Floor Area : 52 sqm.
Min Lot Area : 80 sqm.
Min Selling Price: Php1,544,000
Sample ComputationFloorplan
Colleen
Single-Attached, 3BR and 2TnB
Floor Area : 60 sqm.
Min Lot Area : 80 sqm.
Min Selling Price: Php1,661,000
Margaret
Single-Attached, 3BR and 2TnB
Floor Area : 72 sqm.
Min Lot Area : 100 sqm.
Min Selling Price: Php1,900,000
Haven
Single-Attached, 4BR and 2TnB
Floor Area : 80 sqm.
Min Lot Area : 85 sqm.
Min Selling Price: Php2,016,000
Gabrielle
Single Attached, 3BR and 2TnB
Floor Area : 84 sqm.
Min Lot Area : 120 sqm.
Min Selling Price: Php2,266,000
Alexandra
Single Attached, 4BR and 3TnB
Floor Area : 100 sqm.
Min Lot Area : 120 sqm.
Min Selling Price: Php2,666,000
SAMPLE COMPUTATION
PROJECTLANCASTER ESTATES
HOUSE MODELALICE
Floor Area40 sqm. ( 431 sqft.
Lot Area40 sqm. ( 431 sqft.
PAYMENT TERM 1: 12.5% DP / 87.5% BANK FINANCING
SELLING PRICE (SP)PHP 850,000.00
Add Legal and Misc Fee68,000.00
TOTAL CONTRACT PRICE (TCP)918,000.00
DOWNPAYMENT (DP
Gross DP (12.5% of TCP)114,750.00
Less Reservation Fee7,500.00
Net DP107,250.00
Monthly DP (15 Months): 7,150.00
BANK FINANCING
Loanable Amount (87.5% of TCP)803,250.00
Monthly Amortization
20yrs @ 10%int7,751.54
15yrs @ 10%int8,631.76
10yrs @ 10%int10,615.00
5yrs @ 10%int17,066.68
NOTES
House TURNOVER after full payment of DP and loan takeout
MRI and Fire Insurance EXCLUDED in computation
Processing Fees already includes Registration Fees, TitleTransfer Fees, and Documentary Stamp Tax
Bank Financing rate is for assessment purposes only. Actual bank rates will come from the bank upon loan take out
PAYMENT TERM 2: 30% DP / 70% INHOUSE FINANCING
SELLING PRICE (SP
PHP 850,000.00
Add Legal and Misc Fee
38,250.00
TOTAL CONTRACT PRICE (TCP
888,250.00
DOWNPAYMENT (DP
Gross DP (30% of TCP
266,475.00
Less Reservation Fee
7,500.00
Net DP
258,975.00
Monthly DP (24 Months): 10,790.63
INHOUSE FINANCING
Loanable Amount (70% of TCP
621,775.00
Monthly Amortization
10yrs @ 21%int
12,431.25
5yrs at 18%int
15,789.00
NOTES
House TURNOVER will be on the 16th month even as buyer continues to pay DP at 0% interest
OR upon completion of DP if DP period is less than 15 months
MRI and Fire Insurance EXCLUDED in computation
Processing Fees DOES NOT include Transfer of Title expenses
ADDITIONAL NOTES
All prices are as published by the developer, we do not add any mark up
Other payment terms are available such as DEFERRED PAYMENT, SPOT CASH, and SPOT DP
Disclaimer: All amounts and figures in this form are for sample computation purposes only.