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The Original is The Best
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I wonder what used to occupy that lot.
 

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location?

hey guys, i was researching into this condo, and i was wondering how is the location like? are there a lot of nearby malls, restaurants, gimmick places? is the crime rate low? overall what do you guys think of the location?

thanks in advanced.
 

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HRH
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^^ I saw the place like 2 weeks ago. They already fenced the lot. It's in front of PCU, nearest mall is RP Ermita while in the case of crime rate, I'm not that sure. It has a good access to LRT.
 

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hey guys, i was researching into this condo, and i was wondering how is the location like? are there a lot of nearby malls, restaurants, gimmick places? is the crime rate low? overall what do you guys think of the location?

thanks in advanced.

Here is the lowdown on this project from what i got from my research.
the project is located along Taft Avenue, near corner of Pedro Gil Street, Manila, everything you need is within reach, all it takes is 5 minutes be a walk to the Mall, (Robinsons Ermita) a ride from traffic- less LRT, or stroll to the busy Malate night life.
Its proximity to schools, universities, shopping centers, restuarants and churches makes the site of Victoria de Manila a truly wise investment.

Here are the details of the project:

1. Construction - March 2007
2. Completion - Dec. 2008
3. 30% Downpayment payable in 30 months
70% Balance payable thru In- house, Bank or Pag-ibig financing.
4.10% discount on a cash basis.
5. unit is fit to finish (means n finishes yet, no inside partitions too)
6. No appliances comes with the unit.
7.The smallest cut of our unit is 40.69sqm. bi-level
 

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^^ Wow! The completion time for this project is awfully fast. I also looked at the developer's site and they seem to have a good track record. Their buildings are a bit low profile, nothing ultra fancy or located in ultra prime locations but they do get the job done.
 

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^^ Wow! The completion time for this project is awfully fast. I also looked at the developer's site and they seem to have a good track record. Their buildings are a bit low profile, nothing ultra fancy or located in ultra prime locations but they do get the job done.
yon ang sabi nila pero lets wait and see kung it would be turnover on schedule .... come to think of it pwede kasi d naman finished yong mga units eh. even the bedroom partitions are not there.
 

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Whoa no downpayment na! Well New San Jose builders has been pretty steadily building this type of condo. More practical than flashy. Very near Lrt stops and malls. It doesn't look that tall so if they started in march they should be able to finish by Dec, next year, after all walang laman iyung unit so no finishing which makes it's expensive and their common areas are pretty simple as well.
 

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Whoa no downpayment na! Well New San Jose builders has been pretty steadily building this type of condo. More practical than flashy. Very near Lrt stops and malls. It doesn't look that tall so if they started in march they should be able to finish by Dec, next year, after all walang laman iyung unit so no finishing which makes it's expensive and their common areas are pretty simple as well.

They are trying to make it affordable to the buyer. 30% of 1.6M is 480K spread over 30 months which makes it 16K/month. Upon turnover the 70% portion of the unit which amounts to 1.12M comes online too. Estimated amortization for the 1.12M would depend on the length of the loan. Beside those 2 .... you need to put in improvements (finishes) on the unit cause its not yet habitable. (No toilet facilities yet, no partitions yet etc. etc) 40 sq.m. x 10k/sq.m. (a conservative cost multiplier for finishes) is another 400k worth of expenses.
 

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COO - Child of Owner
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medyo mabigat yung 400K upon turnover..

alam ko sa pag-ibig housing loan, you could include this in the loan takeout.. for home improvements.. so instead of just loaning 1.12M for the 70% eh magiging 1.52M ang loan.. para medyo magaan gaan...

They are trying to make it affordable to the buyer. 30% of 1.6M is 480K spread over 30 months which makes it 16K/month. Upon turnover the 70% portion of the unit which amounts to 1.12M comes online too. Estimated amortization for the 1.12M would depend on the length of the loan. Beside those 2 .... you need to put in improvements (finishes) on the unit cause its not yet habitable. (No toilet facilities yet, no partitions yet etc. etc) 40 sq.m. x 10k/sq.m. (a conservative cost multiplier for finishes) is another 400k worth of expenses.
 

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medyo mabigat yung 400K upon turnover..

alam ko sa pag-ibig housing loan, you could include this in the loan takeout.. for home improvements.. so instead of just loaning 1.12M for the 70% eh magiging 1.52M ang loan.. para medyo magaan gaan...
any idea how much the monthly amortization would be for the 1.52M loan?
 

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COO - Child of Owner
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based on the current rates of Pag-ibig of 11.5% p.a.

5 years = Php33,500.00 per month
10 years = Php21,500.00
15 years = Php18,000.00
20 years = Php15,500.00

so parang magiging rent-to-own na sya if you get the 20 years..

any idea how much the monthly amortization would be for the 1.52M loan?
 

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but remember the 30% downpayment ..... you havent finish yet on that part which represents an additional 16K/month
 

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COO - Child of Owner
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the 30% will be paid while the building is being built.. so if you started paying Jan. 2007, it will be 24 months before they turned it over to you.. then on the 25th month you will start ammortization with Pag-ibig.. so on your 1st to 6th month with Pag-ibig, you will also pay 16K to finish the 30%.. that is assuming you get your unit on January 2009. But you can always delay the turnover to July 2009, so that you can finish the 30% downpayment first before startint your monthly with Pagibig.


but remember the 30% downpayment ..... you havent finish yet on that part which represents an additional 16K/month
 

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Discussion Starter · #18 ·
It looks to me like they're done with the foundations, mahirap kumuha ng pic from the moving LRT eh.
 

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BANGED
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I wonder what used to occupy that lot.
There are two buliding thats used to stand on that lot. The first building is a single story that is owned is a company that produces automobile seats but went bankrupt last asian crisis and began to just distributing "recaro" car seats intead. The company is caled Nodalos. The second one is a two story building. The second floor is a computer learning school called "Datamex" while various employment agencies occupy the first floor. The lot I believed is owned by the Cuevas's and the Mirasol's.

Tagusan pala yun hanggang dun sa kalye sa likuran. Dun kasi ako pumarada para umihi nung isang araw kaya napansin ko..
 
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