Prime Estate Iloilo
Location Barangay Nabitasan, La Paz
Offering Development (with a variety of units to choosen from)
Name Prime Estate™
Property Type Residential Lot
Transaction For Sale
Asking Price P 5,700 ~ P 6,300
Lot Area 180 m² ~ 559 m²
Prime Estates, Iloilo is the flagship project of HCBC Land Development, Inc., an Iloilo City-based venture of Ilonggo real estate developers. Covering 30 hectares of prime land now made accessible by the newly-constructed Jalandoni Bridge (beside Residence Hotel), Prime Estates Iloilo provides the best location for a mixed-use residential and commercial subdivision. Located in the Baranggays of Magsaysay and Nabitasan in the La Paz district of Iloilo, Prime Estates Iloilo is wedged between Iloilo City Proper to the South, Mandurriao to the Northwest, Jaro to the Northeast and Molo to the West. No other subdivision in Iloilo can give as much convenience and proximity to the most siginifcant establishments like Prime Estates, Iloilo.
SAMPLE COMPUTATION:Residential Lot
Lot Area 216 sqm
TCP P 1,231,200.00
Downpayment 15% P 184,680
Reservation P 20,000.00
Balance Pay in 6 months no interes P 27,446.67
in 5 years P 26,511.84
w/ an interest of 10.4% per annum
One of the strengths of this development is that it is tied with the Jalandoni Bridge and related components Project. Once hardly accessible, now transportation to the lot has become quite convenient because of the construction of the Jalandoni bridge, which reduced travel time to the city proper, and the access road to Hechanova St, which eased the accessibility to the main roads of La Paz. Another phase of the project calls for a new bridge to be constructed over Dungon Creek, which will connect the property to Diversion Road in Mandurriao.
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