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The Suites Condotel


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About this real estate property:

The Suites is a 366-unit Five Star Condotel facility with a breath-taking view of the Camp John Hay golf course.

Through a Lease-back Agreement lasting 15 years and renewable afterward, unit owners enjoy the benefit of having a return on their investment, while being afforded 30-nights per year free use of their unit or a comparable accommodation.

THE THREE GUARANTEES:

*G1 - Guaranteed 100% return of principal (unit acquisition price only, less all discounts) at the end of the leasehold term, in Year 2046

*G2 - Guaranteed annual cash dividend of a weighted average of 8%, for the first 5 years, on leaseback units

*G3 - Guaranteed completion/delivery of units by December 2009

FEATURES:

* Mandatory 15-year leaseback for 2nd to 3rd Floor Units for Hotel operations

* Optional for LGF, UGF, 4th & 5th Floor Units

* 100% share of net income from hotel operations pro-rated among unit owners

* Complimentary 30 room-nights annually

* No Monthly Dues & Utility Bills

* No Insurance Bills, Maintenance Free

* 5-Star Hotel Service, Safe & Secure

* MONEY BACK AFTER LEASE PERIOD, at year 2046

PRICING:

* 70,000.00/sqm

* Studio Units (40 sqm) PhP 2,800,000.00. (Unit Cost).
* PhP 3,460,000.00 inclusive of fixtures, furniture and parking share.

* 1-Bedroom Units (80 sqm) PhP 5,600,000.00. (Unit Cost).
*PhP 6,920,000.00 inclusive of fixtures, furniture and parking share.

* 2-Bedroom Units (120 sqm) PhP 8,400,000.00. (Unit Cost).
* PhP 10,380,000.00 inclusive of fixtures, furniture and parking share.

* Reservation Fee: PhP 50,000.00 (PDC Required)

TERMS OF PAYMENT:

* Cash in 60 days with 10% discount on the unit price (PDC Required)

* 30% down payment in 60 days, balance in 24 equal installments without interest. (PDC Required)

* Discounts not applicable on the furniture and fixtures

* Studio Units (40 sqm) PhP 3,460,000.00 inclusive of fixtures, furniture and parking share.

* 1-Bedroom Units (80 sqm) PhP 6,920,000.00 inclusive of fixtures, furniture and parking share.

* 2-Bedroom Units (120 sqm) PhP 10,380,000.00 inclusive of fixtures, furniture and parking share.

* Reservation Fee: PhP 50,000.00 (PDC Required)

NOTE: ALL CAMP JOHN HAY PROPERTIES ARE FOR LONG TERM LEASE. BUYERS HAVE BENEFICIAL USE OF THE PROPERTY PURCHASED UNTIL YEAR 2046.



Price:
70,000.00/sqm



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