Davao City Real Estate : LICENSE TO SELL GRANTED! BUILDING CONSTRUCTION STARTED! Updated : 16 January 2009
Where else to live with utmost convenience but within where all the city facilities are close by. What type of lifestyle which guarantees total freedom with class except through condominium-living. Precisely no other development could give you all these and much more but the MAGALLANES RESIDENCES. Situated just a stone throw away from the Davao City Hall and the Legislative Building, this landmark development which will consist of three seven-storey residential buildings is the first of its kind to rise in the city center.
For clearer copies of images, or Updated Building 1 Plans showing available units, or unit sample computation or for procedures of reservation, please contact :
PERRY JAN N. REMOLADOR, Architect, Real Estate Broker
PRC License No. 13736
REB License No.
Telephone : +63 823008592
Mobile : +63 9222718890
E-mail : pyjannremolador@yahoo.com.
OTHER PROPERTY INFORMATION :
Developer : DMC-Urban Property Developers, Inc.
Development Area : 1.0 Hectare (Image 4)
Location : Bolton Extension Road (formerly Durian Park), at the back of the Register of Deeds Building
Structures : Three (3) 7-Storey High-Rise Residential Buildings (HRB)
Architectural Theme :
Status of Development : Building 1 foundation works started, perimeter fence ongoing
Target Completion of Building 1 and Amenity Area : October 2009
Target Development Completion : 2011
Status of Permit and Licensing : Development Permit, Building Permit and License to Sell granted
PROXIMITY TO VARIOUS AREAS / ESTABLISHMENTS :
1-2 minutes walk to Davao City Hall and Legislative Building
2 minutes walk to San Pedro Church
5-10 minutes ride to 3 shopping malls
5 minutes walk and 3-10 minutes ride to 5 schools / universities
5 minutes ride to downtown market
5-7 minutes ride to 2 hospitals
30 minutes ride to the Airport
DEVELOPMENT FEATURES AND AMENITIES :
2 Guarded Entrance Gates (along Bolton Ext. and Magallanes Rotunda)
Clubhouse
Swimming Pool
Basketball Court
Parks, Playgrounds and Gardens
BUILDING FEATURES :
7-Storeys with a total of 108 res'l condo units
• 36 Studio Units with Balcony
• 26 2-Bedroom Corner-Units with Balcony
• 44 2-Bedroom Interior Units with Balcony
• 2 2-bedroom Lobby Corner Units
Two (2) Elevators
Two (2) Stairways
Open Atrium
Single-Loaded Corridors
Free Laundry Area per Unit at Roof Deck
Parking Slots (separate price) at Basement or Open
Two (2) Corner Commercial Stalls, Bolton side
Five (5) Interior Commercial Stalls, Bolton side
CONTRACT PRICE RANGE / UNIT (Excluding parking slot)
BUILDING 1
STUDIO UNIT WITH BALCONY (Image 10) :
Total Floor Area : 27.60 square meters
Price : PhP 1,489,500.00 - PhP 1,565,500.00
2-BEDROOM CORNER UNIT WITH BALCONY (Image 11) :
Total Floor Area : 68.15 square meters
Price : PhP 3,021,000.00 - PhP 3,304,500.00
2-BEDROOM INTERIOR UNIT WITH BALCONY (Images 13 and 14) :
Total Floor Area : 60.15 square meters
Price : PhP 2,647,200.00 - PhP 3,009,500.00
2-BEDROOM LOBBY CORNER UNIT WITH BALCONY (Images 12) :
Total Floor Area : 71.27 square meters
Price : PhP PhP 3,161,200.00
RESERVATION FEE : PhP 50,000.00
PAYMENT SCHEMES :
SPOT CASH
Reservation Fee at PhP 50,000.00
Balance payable within 7 days with 7.5% discount
IN-HOUSE FINANCING (NO DOWNPAYMENT)
Reservation Fee at PhP 50,000.00
No Downpayment
Balance payable within 2 to 10 years with 12.0% to 18.0% interest
IN-HOUSE FINANCING (10-90 to 30-70 SCHEME)
10% Downpayment payable in 3 months with 7.5% discount
90% Balance payable in :
• 1 Year at 7% interest
• 2-10 Years at 14%-19% interest
20% Downpayment payable in 3 months with 7.5% discount
80% Balance payable in :
• 1 Year at 6% interest
• 2-10 Years at 13%-18.5% interest
30% Downpayment payable in 3 months with 7.5% discount
70% Balance payable in :
• 1 Year at 6% interest
• 2-10 Years at 12.5%-18% interest
SAMPLE COMPUTATION (not updated) :
2-BEDROOM Corner Unit (Unit 211) at Second Floor
Unit Area : 68.15 square meters
Total List Price : PhP 3,111,300.00
Promo Price : PhP 2,800,170.00
Reservation Fee : PhP 50,000.00
Spot Cash :
With 7.5% Discount on Promo Price : PhP 2,590,157.25, payable in 7 days
With 4.0% Discount on Promo Price : PhP 2,688,163.20, payable in 30 days
With 2.5% Discount on Promo Price : PhP 2,730,165.75, payable in 60 days
With 2.0% Discount on Promo Price : PhP 2,744,166.60, payable in 90 days
In-House Financing (No Downpayment) :
Monthly Installment for 2 years : PhP 131,813.80
Monthly Installment for 3 years : PhP 94,348.93
Monthly Installment for 5 years : PhP 66,615.76
Monthly Installment for 10 years : PhP 50,454.86
10-90 In-House Financing :
10% Downpayment less 7.5% discount and reservation fee : PhP 209,015.73
Monthly Downpayment for 3 months : PhP 69,671.91 Balance 90%
12 Months Amortization @ 7% interest :
PhP 65,153.32
2 Years Amortization @ 14% interest :
PhP 120,999.85
5 Years Amortization @ 18% interest :
PhP 62,632.35
10 Years Amortization @ 19% interest :
PhP 47,044.20
SOLD CONDO UNITS :
Ground Floor : G03, G04
Second Floor : 207, 208, 211, 214, 216, 218
Third Floor : 303, 311, 318
Fourth Floor : 411, 418
Fifth Floor : 512
Sixth Floor : 611, 612, 616, 618
Seventh Floor : 701, 703, 707, 711, 716, 718
BASIC DOCUMENT REQUIREMENTS :
GENERAL REQUIREMENTS :
Filled-up Client Registration Form
Filled-up Buyer's Information Sheet
2x2 ID Picture (2 copies each, husband and wife)
Photocopy of TIN Card (back to back)
Photocopy of any 2 valid IDs (back to back)
Photocopy of Residence Certificate
Photocopy of Birth Certificate / Passport
Photocopy of Marriage Contract (if married)
FOR ONLINE BANK TRANSACTION :
ACCOUNT NAME : DMC-UPDI
ACCOUNT NUMBER : 7002009832
BANK : Easwest Bank, Lanang Davao Branch
SWIFT CODE : EWBCPHMM
Kindly e-mail copy of online transaction slip to pyjannremolador@yahoo.com.
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