Savoy Hotel Mactan Newtown – Twin Suite

DESCRIPTION

Project Name: Savoy Hotel Mactan Newtown
Location : MACTAN NEWTOWN, LAPU-LAPU, MACTAN, CEBU, PHILIPPINES

Mactan Newtown is a true testament to the “live-work-play-learn” lifestyle that ensures growing, living, and vibrant communities. And here in the Philippines’ trendiest destination for travelers and pleasure-seekers, Savoy Hotel emerges as the most exciting way to own a piece of the action.

A “WORRY-FREE” INVESTMENT
The hotel operator manages the leasing of the hotel rooms, their maintenance, refurbishment and improvement as well as their operating expenses, real property taxes, association dues, common area charges, utilities, insurance and other related expenses.

Accessibility:
– 15 minutes going to Marina SeaView Resto and Lounge
– 15 minutes going to Mactan Marina Mall
– 20 minutes going to Mactan Export Processing Zone
– 20 minutes going to mactan international airport
– 25 minutes going to Gaisano Island Mall
– 30 minutes going to family farm and kilo-kilo Grill
– 30 minutes going to other koreans restaurant and malls.
-45 minutes going to public market

Payment Financing Scheme/Computation
Sample Computation:

Unit Cost: Php 3,593,500
Fit-out Cost: Php 1,811,500
———————————————–
Total Cost of Investment: Php 5,405,000

OPTION 1:
Contract Price for UNIT ONLY: php 3,593,500

CASH TERM
Contract Price : php 3,593,500
Less : 12.5 Discount :php 449,188
Less: Reservation Fee: Php 50,000
—————————————————————
Balance due after 1 month: Php 3,094,312

fit-out cost upon turn over : Php 1,811,250

Option 2 :
Contract Price for UNIT ONLY: php 3,593,500

50% Downpayment : 1,796,750
Less: 12.5% Discount : Php 224,594
Less: Reservation Fee: php 50,000
————————————————————-
Due after 1 month from reservation: Php 1,522,156

50% upon turn-over: Php 1,796,750
add: Fit-out Cost: php 1,811,250
_________________________________
Total Turn over : Php 3,608,000

OPTION 3:
Contract Price for UNIT ONLY: php 3,593,500

30% Downpayment : Php 1,078,050
Less: 10% Discount : 107,805
Less: Reservation Fee: php 50,000
————————————————–
Due after 1 month from reservation: Php 920,245

20% Lumpsum on the 25th mo. :Php 718,700

50% upon Turn-over: Php 1,796,750
Add: Fit-out cost: Php 1,811,250
———————————————————-
Total Turn Over: Php 3,608,000