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The Suites Condotel
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).
* 1-Bedroom Units (80 sqm) PhP 5,600,000.00. (Unit Cost).
* 2-Bedroom Units (120 sqm) PhP 8,400,000.00. (Unit Cost).
* 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.
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