Seascapes Resort Town –Casita
Developer – FILINVEST DEVELOPMENT CORPORATION Seascapes Resort Town is a PhP 4 billion fully funded , 12-hectare master planned development designed to become Cebu’s premier seaside resort offering lots, villas, casitas and condominium units and a Beach Club & Spa membership. Estimated completion date is end of 2010.
Embrace the resort life at a CASITA unit within Seascapes Resort Town, Cebu's premier master-planned resort community. Create barefoot memories bathed in sunlight as you walk in sand that warms both feet and soul. Experience the water's constant soothing presence in a luxurious high-rise residence that captures the best of seaside living. Secure and easy to maintain, your unit also makes a rewarding lifestyle investment because of its prime location that is sure to attract Cebu's dynamic rental market
OUTSTANDING LOCATION. The Casitas are part of the complex units: namely casitas, condominium and villas inside the premier resort community within the Seascapes Resort Town. Easily accessible from any part of Cebu, it is 15 minutes from Mactan International Airport.
WORLD-CLASS FACILITY. As part of a premier resort community, you are assured of first-rate facilities, designed and managed by professionals with international experience. Seascapes is designed by Wimberly Allison Tong & Goo (WATG), considered as the number one hospitality, leisure and entertainment design firm.
WORRY-FREE INVESTMENT. An international hotel management company will handle unit rentals, year-round maintenance,and other ownership resposibilities so you can be rest assured that you investment is in good hands. It's a vacation home that practically takes care of itself.
POTENTIAL RENTAL INCOME. The Villas can be enrolled into a rental pool and earn income while the owner is not using the unit.
FOREIGN CURRENCY-BASED RETURNS. Catering to tourists, rental rates are US $ - based, ensuring excellent returns on your investment.
LIFESTYLE INVESTMENT. Enjoy the resort life with access to the nearby Seascapes Beach Club and Spa during your stay.
FULLY FURNISHED UNIT INCLUSIONS
Key Features
• Provision for Telephone System Connecting to the Reception
• Provision for CATV
• Individual Metering for Water and Electricity
• Connection to Standby Power Generator
Luxury Features
• Garden Courtyard and Pocket Garden
• Spacious Terrace with built-in bench
• Sunken Bath Tub
Others
• Air Condition
• Water Heater
• Fire Extinguisher Living Area
• Art Work, Artifacts and Accessories
• Sofa Bed with Accent Pillows
• Lounge Chairs
• Coffee Table and Side Table
• Television Set
• Framed Mirror
• Dining Table for Two
• Mini Refrigerator and Microwave
Toilet and Bath
• Art Work, Artifacts and Accessories
• Stool and Bench
• Blinds
MATERIALS & BASIC UNIT INCLUSIONS
INCLUSIONS LIVING AREA BEDROOM TOILET & BATH PORCH & TERRACE
Homogenous Floor Tiles Yes Yes Yes Yes
Homogenous Wall Tiles Yes
Aluminum Frame Window with tinted glass Yes Yes Yes Yes
Aluminum Frame Doors Yes
Kitchen Counter with Bar Sink & Cabinets Yes
Built-in Closet & Writing Desk Yes
Imported Toilet Fixtures, Fittings and Accessories Yes
YOUR INVESTMENT
• Casitas are being sold as shares to the public
• Share Type: 8 shares per unit
• Ownership is pro–rated based on the # of shares owned out of the total # of shares
• Stock Certificate upon full payment.
• Foreigners can own a share.
A – 1- Bedroom
Ground Floor Area: 43 sq. meters
Share Price offer: PhP 1,100,000
B– 2- Bedroom
Ground Floor Area: 110 sq. meters
Share Price offer: PhP 2,200,000
Reservation fee:
Type A – 1- Bedroom –PhP 50,000
Type B– 2- Bedroom – PhP 100,000
Payment Terms:
Cash
7% Discount
Share Type A – PhP 1,023,000
Share Type B- PhP 2,046,000
Deferred Payment
24 months at ZERO interest (less reservation fee)
Share Type A – PhP 43,750
Share Type B- PhP 87,500
36 months at 6.61% (less reservation fee)
Share Type A – PhP 32,234.05
Share Type B- PhP 64,468.10
General
1. The reservation fee is non-refundable.
2. Please make all checks payable to FILINVEST DEVELOPMENT CORPORATION for the account of (buyer’s name).
3. Only FDC’s official receipts duly issued shall be recognized. No broker or agent is authorized to receive or issue receipts for payments made in behalf of FDC.
4. Filinvest reserves the right to adjust typographical errors.
5. Prices are subject to change without prior notice.
6. Discounts are based on the Total Share Price.
Seascapes Resort Town – Beach Club & Spa Membership at PhP 467,500
A first-rate private membership club at the heart of Cebu’s premier resort town serving as a center for both business and recreation.
At the heart of Cebu’s premier resort town is the Seascapes Beach Club and Spa, a first-rate private membership club that promises to be the life of the community. World-class facilities and amenities make it an exciting seaside destination for the whole family. The vision is to create an exclusive club in the area and to offer an even better quality lifestyle for those living in Cebu. With a club calendar fully booked with engaging events and activities, every member of the family has something to look forward to all year round.
BENEFITS
o Outstanding Location. Seascapes Beach Club and Spa is located in Seascapes Resort Town. Easily accessible from any part of Cebu. 15 minutes away from the Mactan International Airport, 30 minutes from Cebu City proper, Very accessible to commercial establishments
o World Class Club. Seascapes is the only family club of its quality and kind to be built in Mactan. It aims to set new standards in design, quality, ambience, facilities, personal service, and activities. Seascapes Beach Club is a project of Filinvest Leisure, the group behind the highly successful Palms Country Club in Alabang. Thus, you are assured of a world-class team of experts, from master-planning to professional club management.
o Exceptional Dining Choices and Facilities. Seascapes Beach Club offers a complete range of facilities for health, recreation, dining and business. A great place to spend time with the family, entertain friends and business colleagues.
o Great Membership. Although membership is limited and exclusive, Seascapes aims to be a great private social hub – ideal for members to network, meet friends, and be among outstanding like-minded members.
o Lifestyle Investment. It will be a good investment for your health, and for your family.
o Fun, Exciting, Enjoyable. It will be a happy and lively place where every member of the family can relax, enjoy and share many wonderful memories to last a lifetime!
CLUB FACILITIES
Banquet
Grand Ballroom / 3 Function Rooms
Lobby Lounge
Library Lounge
Outdoor Party Area
Health & Recreation
Diverse sports facilities for the entire family
Aqua and racket sports
Personal trainers and instructors
Club tournaments
Children’s pavilion with indoor and outdoor activities
Summer Camp for kids
Full-service spa within a private enclave
Business & Social:
Dining options in 3 restaurant settings (Asian Café, Sports Bar, Pool Bar / Barbeque Gazebo)
A stunning Ballroom for 180 sit-down
6 private dining and meeting rooms
Elegant Library Lounge
Internet-linked
Business services
Restaurants and Bars
Asian Café with private dining rooms
Sports Bar
Barbecue Gazebo
Pool Bar
Sports and Recreation
Jetty
Aqua Sports
Adult and Kids’ Swimming Pool
Multi-purpose Hall – Basketball Court, 3 Badminton Courts
Tennis Courts
Billiards
Gym
Children’s Play Area
1. Spa Reception
2. Men’s Toilets
3. Men’s Steam / Sauna
4. Men’s Jacuzzi
5. Men’s Locker Room
6. Men’s Lounge
7. Treatment Rooms
8. Swimming Pool
9. Porte Cochere
10. Function Drop Off
11. Covered Bridge
12. Greeting Pavilion
13. Registration Pavilion
14. Front Office/ General Offices
Women’s
1. Treatment Rooms
2. Relaxation Lounge
3. Women’s Jacuzzi
4. Women’s Steam / Sauna
5. Women’s Toilets
6. Women’s Locker Room
7. Women’s Lounge
8. Grooming Area
9. Waiting Area
10.Salon
Club Membership Share (Tranche 2) Price as of July 15, 2008 : PhP 467,500
Payment Terms:
Downpayment : PhP 50,000
OPTION 1:
Spot Cash : with 10% Discount payable 30 days from downpayment : PhP 370,750 (net of RF & Discount)
OPTION 2: DEFERRED CASH
16 months to pay starting 30 days from downpayment: PhP 26,093.75 (net of RF)
OPTION 3: : DEFERRED CASH
24 months to pay starting 30 days from downpayment with 5% per annum interest: PhP 18,316.31 (net of RF)
OPTION 4: : DEFERRED CASH
36 months to pay starting 30 days from downpayment with 8% per annum interest: PhP 13,082.93 (net of RF)
Note:
Postdated checks for deferred payment must be submitted and payable to FILINVEST DEVELOPMENT CORPORATION
FREQUENTLY ASKED QUESTIONS?
Question : If I invest in a Casita share will I own a particular unit?
Answer: No, you are only a shareholder of the number of shares that you invested in the resort. 1 Casita unit is 8 shares.
Question: If I invest in 8 shares, will I own a particular unit?
Answer: No, you still don’t own a particular unit. But you are entitled to 8 shares of the profit in the rental pool.
Question: What are the benefits of a shareholder?
Answer: Pertinent Rights & benefits of Casita Shareowners
• Equipment, furniture & fixtures
• Seven (7) complimentary nights annually; 3 nights peak and 4 nights low season; non – cumulative
• A shareholder will receive a portion of the net profit (Revenues less operating, administrative & management expenses)
• Rental pool income from unused free nights & 295 nights
• Rental Pool Income computation and distribution shall be done quarterly.
Question: If I am a shareholder, can I used the facilities of the Beach club & Spa?
Answer: No, you must have to buy a club membership share to use its facilities. However, you can enjoy the facilities when you use the seven(7) days complimentary stay.
Question: How much is the Beach Club & Spa membership?
Answer: The price for the 2nd 50 shares is PhP 425,000 as of July 2008 and may increase without prior notice.
Question: Can I sell my Casita share or Club Membership share at any time?
Answer: No, both shares have a holdover tenure of 3 years before you can sell it to others.
Question: If I buy a Casita share, what will be my proof of title?
Answer: You will be given a stock certificate equivalent to the number of shares that you bought of the Resort. Just like in any corporation, a shareholder has voting rights.
Question: How much will I earn from the investment of 1 share and when it will be paid to me?
Answer: As per study conducted the average return of investment is around 14% based on a 80% occupancy rate and average rate of US$ 200 a night. Income will be distributed QUARTERLY.
Question: As a Casita shareholder, can I live in the unit more than the 7 days complimentary nights?
Answer: No, the Casita project is an investment portfolio. Hence, you cannot live more than the given FREE nights. If you do, you will be treated as a guest of the resort and will be ask to pay the room rate.
Question: What If I invest a lot of shares, how many days can I stay?
Answer: The shares will just be multiplied by seven(7) days FREE nights. For example, you bought 10 shares, then you can live by as many as 70 FREE nights. Thus, if you want to stay for 1 whole year in a casita, then simply divide 365 days by 7 FREE nights or around 52 shares. Living in a premier resort in a year and earn 14% for your 52 shares per year. How’s, that?
