Property Type: House and lot
Bedrooms: NA
Maid's Room: Parking: Bathrooms: 3+
Floor Area (in sq. m.): 110
Lot Area (in sq. m.): 80
Description: Ridge Crest is a prime residential subdivision located right beside SM Molino in Bacoor, Cavite, that offers American-inspired homes and promises a haven for homeowners through its recreational amenities where residents can rest, relax and revitalize after a long day’s work.

The house model is an 80-square meter unit on a 110-square meter lot, with four bedrooms, three toilets and bath, a living and dining area, a kitchen, a multi-purpose area, a service area, a balcony and a carport .

From an initial area of about six hectares comprised of around 387 housing units, the project is now being expanded in response to the increased market demand for its product offering which is priced at less then two million pesos.

Given the project’s design, location, facilities, land development, and elegant housing units, Ridge Crest can rightfully claim to being a place where homeowners can elevate their quality of life and live the lifestyle they have always dreamed of.




Lot Area: 80 sq. m.
Floor Area: 110 sq. m.

HOUSE FEATURES:

5 bedrooms
three toilets and bath
living and dining area
kitchen
multi-purpose area
service area
balcony and a carport

Amenities and Facilities:

Clubhouse
Swimming Pool
Multi-Purpose Court
Park/Children’s Playground
Jogging Path
Elevated Water Tank
24-Hour Security


Sample Computations for Ridge Crest
The Madison House Model

In-House Financing Scheme
(Inner Lot)
PRICE STARTS AT PHP 2,380,000.00 AND UP

Typical Selling Price Php 2,160,000.00
Legal and Miscellaneous Fee Php 97,200.00
Total Contract Price Php 2,257,200.00

Loanable Amount Php 1,728,000.00
DP/Equity Payment Php 529,200.00
Less:Reservation Fee Php 30,000.00
Net Equity Php 499,200.00

Monthly Equity Payment
Payablle within (12 months)with 0% Php 33,280.67

Monthly Amortization
(Exluding MRI/Fire)
6 years to pay with 18% interest Php 39,411.86
10 years to pay with 21% interest Php 34,548.19

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Cash Payment Scheme
Inner Lot
legal and miscellaneous fees and reservation fee
not included in the computation of the discount.
PRICE STARTS AT PHP 2,160,000.00 AND UP
Typical Selling Price Php 2,160,000.00
Less: Reservation Fee Php 30,000.00
Selling Price Net of Reservation Fee Php 2,130,000.00

10% Discount within 7 days from the date of reservation Php 1,917,000.00
9.5% Discount within 8 to 30 days from the date of reservation Php 1,927,650.00
9% Discount within 31 to 60 days from the date of reservation Php 1,938,300.00
8.5% Discount within 61 to 90 days from the date of reservation Php 1,948,950.00

______________________________________ ___________________________
Banking Financing Scheme
Inner lot
PRICE STARTS AT PHP Php 2,160,000.00 AND UP

Typical Selling Price Php 2,160,000.00
Legal and Miscellaneous Fee Php 172,800.00
Total Contract Price Php 2,332,800.00

Loanable Amount Php 1,728,000.00
DP/Equity Payment Php 604,800.00
Less:Reservation Fee Php 30,000.00
Net Equity Php 574,800.00

Monthly Equity Payment
Payablle within (12 months)with 0% Php 38,320.00

Monthly Amortization

Bank computation is base in your bank of choice and subject to the bank's requirements.
Bank prevailing at the point of take out shall apply
Indicative interest rate shall be used in computing for monthly amortization
5 years to pay with 10.5% interest Php 37,141.46
10 years to pay with 10.5% interest Php 23,316.77
15 years to pay with 10.5% interest Php 19,101.29
20 years to pay with 10,5% interest Php 17,252.00
25 years to pay with 10,5% interest Php 16,315.46

Selling is good..but helping clients find their dreamhouse is an accomplishment..

YM id: dreamhousephil@yahoo.com
Website: http://www.dreamhousephil.com/