THE FRENCH HIGHLANDS SUBDIVISION
Tawason, Mandaue City - Cebu
Vera Estate Development in Mandaue City, Cebu. A kind of high-end house and lot subdivision called The French Highlands in northern part of Cebu, which is tranquil countryside living with metropolitan conveniences. Remarkable residential development embodies a community of quietness and refinement situated on the sprawling greenery that offers a tranquil home address while still promising an active commercial district.
It is located in Barangay Tawason, Mandaue City, a rural setting area yet accessible to the City, Airport, North Highway, near schools, church, markets and commercial centers.
Total Project Area: 22 hectares
A master-planned community with a mix of residential and commercial development.
Vera Estates, home to the stylishly gracious, marries stylish and serene countryside living with metropolitan conveniences.
Taking inspiration from the aesthetics of the French countryside is The French Highlands, Phase 2 of Vera Estates. Among the French-inspired elements in the commune are walkways and landscaping that mirror the majesty of the gardens and courtyards of French palaces and a clock tower that is straight out of old-world France.
PROJECT DETAIL
Name of the Project : VERA ESTATES
Total Project Area : 22 hectares
A master-planned community with a mix of residential and commercial development.
Subdivision Name : THE FRENCH HIGHLANDS
Subdivision Area : 4.8 hectares
Total Number of Lots : 114 lots
House and Lot : 27 units
The first of four residential enclaves. Located at an elevated area overlooking the city.
FEATURES & AMENITIES
Prime location in Mandaue City, quaint rural setting yet easily accessible to the city, airport and the North Highway.
Near schools, church, markets and commercial centers.
Wide Roads, 20-meter Right-Of-Way Main Road.
Fully Landscaped Entrance
Fully Fenced Perimeter
Water Features and Lagoons
Tree-Lined Roads
Landscaped Parks and Playgrounds
Street Lights
Central Clubhouse with Swimming Pool
Community Chapel
Jogging Trails
Bike Lanes
Concrete Roads, Sidewalks and Curbs
Separate Storm and Sewer Drainage System
MCWD Water Source
VECO Electrical Power Supply
Underground Power Service Connection to the Houses
HOUSE AND LOT PACKAGE:
DE LUXE HOUSE MODEL:
2-Storey Single Detached
3 Bedrooms
3 Toilet and Bath
1 Powder Room
Maid's Room with Own Toilet
3 Car Covered Garage
Dirty Kitchen, Utility Area
Lot Area : 285 sq. m.
Floor Area: 230 sq. m.
Basic Price : P 14,916,580.00
VAT and Transfer charges: 2,461,236.00
Total Contract Price : P 17,377,816.00
Reservation Fee: P 100,000.00
Note: Lot Type (MES) - Main Road, Facing east. Scenic Lot
Basic house deliverables; walls are painted, plumbing fittings,
tiled floors House upgrade is allowed and will be assessed
separately.
PAYMENT TERMS:
1) SPOT CASH - Less 5% discount w/n 30 days payment
Total Contract Price : P 17,377,816.00
Less: Reservation Fee: P 100,000.00
P 17,277,816.00
Less: 5% Discount 863,890.80
Discounted Balance P 16.413,925.20
2) SPOT EQUITY - Within 7 days payment, Less 3% Discount.
3) REGULAR EQUITY - Payable 6 months, no Interest
4) DEFERRED CASH - 24 MONTHS TO PAY
Total Lot Only for sale: 114 Lots
Lot Cuttings : 213 sq. m. to 460 sq. m.
Basic Lot Price : P 10,888.00/sq. m.
Reservation Fe : P 50.000.00
Additional PHP500.00/sqm.; for lots along the main road.
Additional PHP 300.00/sqm.; for corner lots.
Additional PHP 300.00/sqm.; for lots facing east.
Additional PHP 300.00/sqm.; for scenic lots (adjacent and across parks).
SAMPLE PRICE COMPUTATION:
Lot Area: 213 sq. m. / Scenic Lot
List Price : P 2,383,044.00
Add: VAT & Transfer Charges : 393,202.00
Total Contract Price P 2,776,246.00
Reservation Fee: P 50,000.00
PAYMENT OPTIONS:
1. Spot Cash - Less 5% Discount if paid within 30 days after Reservation Date
2. Spot Equity - Less 3% Discount if paid within 7 days (20% Equity)
3. Regular 20% Equity - Payable up to 6 months, no interest
4. Deferred Cash (TCP) - Payable 24 months, no Interest
PROVISIONS FOR LOT TURN-OVER
Road facilities must be completed.
The buyer must pay the Membership fee for the Homeowners Association and Water Connection Fee.
VECO electric meter is installed, buyer has to apply personally with VECO. Fees for the application of meter shall be Buyers account.
For bank, HDMF and other financing agencies, must have fully paid the equity and the loan proceed is released or a Letter of Guarantee is issued by the financing agency.
Buyer has signed the Certificate of Acceptance.
Buyer applies for an Authority to Move-In and is approved by CRRDI.
HOUSE INTERIOR DESIGN IS CLICKABLE TO MAKE IT LARGER VIEW!
JULY 2013 ACTUAL SITE DEVELOPMENT IS CLICKABLE TO MAKE IT LARGER VIEW!