splendido taal tower 2 condotel, tagaytay city
DESCRIPTION
Pls contact jay cahucom Tagaytays' BEST condo. Splendido tower is located inside in a golf course community, with 100% cool climate, 100% view of Taal Lake, with 200-500T income per year, no monthly dues on condotel, lifetime membership on COUNTRY CLUBHOUSE. fully furnished, wiith previledge to use the 30 days hotel accomodation in any of 4 hotels owned by Sta lucia in La Mirada Cebu, Soto Grande Cebu, La brezza Quezon city. Selling price of Tower 2 concotel: 4th floor with out view of taal = 85,000/sq.m. unit with view of Taal = 95,000/sq.m... terms of payments: 20% down in 36 months, 80% balance up to 10 yrs @ 16% interest or BANK financingTRANSCRIPT
STA. LUCIA LAND, INC.
Tagaytay was the most visited place outside Metro Manila (DOT)
Legend has it that the word Tagaytay came from "taga" meaning to cut and "itay" which means father. A father and son were said to be on a wild boar hunt when the animal they were chasing turned and attacked them. As the boar charged towards the old man, the son cried "taga itay!". the boy's repeated shout reverberated in the alleys of the ridge. Heard by the residents, hunters and wood gatherers, the cries became subject of conversation for several days in the countryside. In time, the place where the shouts came from became known as TAGAYTAY.
HISTORYHISTORY
Splendido Taal Tower Condominium 215 Floors Ground Floor – Commercial2nd -12th - 20 units/flr, 13th -15th - 8 units/flr 3 Parking Levels 244 Units - Studio / 1-br / 2-brTypes of Unit Available: (All Completely Furnished) Studio - 30.08 – 41.17 sqm. 1-br - 82 sqm 2-br - 82 sqm.
Note: These are only assumptions. Actual figures may vary based on Room Rental Rates & Occupancy.
Location: Splendido Taal Residential, Golf & Country Club – Laurel, Batangas
Project Proponent
Interior Design: Songsong & PeriquetArchitectural Design: W.V. Coscolluela & AssociatesOwner / Developer: Sta. Lucia Land Inc.Exclusive Marketing Network: Fil-Estate Group of Marketing Companies
Buy to OWN Buy To Own (RESIDENTIAL) Buy a Condominium Unit & Enjoy the following:1.A Home in the 2nd Summer Capital of the Philippines2.Assurance of a Well-maintained Building & Facilities3.Assurance of Greater Appreciation of Value4.Assurance of Multi-security Facilities
5.Convenience of Accessible Commercial Areas6.Convenience of wide-range of Amenities
Buy to INVEST
Splendido Taal Tower 2 Advantages:
•Condotel Concept•Worry-free investment•Great Location – 2nd Summer Capital of the Phils. •Completely Owned with Condominium Certificate of Title (CCT)•15-Year CONDOTEL Management Contract•Transferable•Fully furnished•Full-Service Vacation Home•30-room-night complimentary stay anuallyRoom nights can be used in any of Sta. Lucia’s Resort hotels in Cebu, Quezon City and Subic
Buy to INVEST •Greater return on investment - Rent Revenue is far
superior than savings or time deposit•Value Appreciation – The best selling point of condotels as investment property is the rate at which they appreciate specially when purchasing at a pre-construction stage•Pride of Ownership•Self LiquidatingOnce Condotel is operational, you start receiving your shares quarterly provided you have paid 20% full DP & your account is in good standing.
Profit from your Splendido Taal Tower 2 CondotelInvestment may be able to cover a portion (if not all) of your unit’s monthly amortization when it’s not yet fully paid.
DISCLAIMER:The estimated return on investment is computed based on assumptions believed to be reasonable and are being provided to the intended recipient for information purposes only. Sta. Lucia does not warrant and holds no responsibility for the accuracy of the assumptions. Sta. Lucia does not guarantyor make any representation that the estimated return on investment can be achieved. It is assumed that the recipient will make an independent verification and analysis of the estimated return on investment and its assumptions for his/her own exclusive investment decision.
RETURN ON INVESTMENT
Note: These are only assumptions. Actual figures may vary based on Room Rental Rates & Occupancy.
THE CONDOTEL SHARING
From the Gross Room Rental Revenue, a total of 60% Operating Expense will be deducted. This Operating Expense would include (but is not limited to) the following:1.Salaries / Wages of Condotel Personnel2.Benefits of Condotel Personnel3.Laundry4.Pest Control5.Real Estate Tax of Common Areas6.Utilities Allocation7.Security8.Repairs & Maintenance9.Depreciation10.Professional / Administrative Expense11.Insurance Premiums
Note: These are only assumptions. Actual figures may vary based on Room Rental Rates & Occupancy.
Net Room Rental Revenue will be shared at a 70%:30% ratio by the Condotel Unit Investors & Hotel Management Group, respectively. The 30% will serve as management fee.
When Do You Start Earning Dividends?
1.The CONDOTEL is OPERATIONAL2.Your account is on a FULL DOWN PAYMENT status of
20% & is in GOOD STANDING (NO Delinquency)
Note: These are only assumptions. Actual figures may vary based on Room Rental Rates & Occupancy.
Assume:1). P3,000.00 Rental / Day2). 35% Occupancy Rate3). 50% Occupancy Rate
COMPUTATION:
ANNUAL ROOM RENTAL REVENUE @ 100% OCCUPANCY RATE
64 Rooms X P3,000.00 X 335 Days = P64,320,000.00
1ST YEAR @ 35% OCCUPANCY RATE
P64,320,000.00 x .35 = P22,512,000.00
2ND YEAR @ 50% OCCUPANCY RATE
P64,320,000.00 x .5 = P32,160,000.00
Note: These are only assumptions. Actual figures may vary based on Room Rental Rates & Occupancy.
P22,512,000.00
ANNUAL ROOM RENTAL REVENUE @ 35% OCCUPANCY RATE
Less 60% Operating Expense P22,512,000.00 X .60 P13,507,200.0
Net Profit P22,512,000.00 - P13,507,200.00 P9,004,800.00
70% Condotel Owners’ Share P9,004,800.00 X .70 P6,303,360.00
Unit Income Per Share P6,303,360.00 / 3,017 Sq. M. P2,089.28
36 Sq. M. Unit’s Annual Income from Room Rental Revenue
P2,089.28 X 36 Sq. M. P75,214.08
Add 30-Day Complimentary Room Usage Income P3,000.00 X 30 Days P90,000.00
Total Annual Income P75,214.08 + P90,000.00 P165,214.08
Less Association Dues P50.00 X 36 Sq. M. X 12 Months P21,600.00
Net Annual Income P165,214.08 - P21,600.00 P143,614.08
Divide by 12 to see Monthly Income P143,614.08 / 12 Months P11,967.84
Divide by 4 to see Quarterly Income (Frequency of Distribution is Quarterly)
P143,614.08 / 4 P35,903.52
Percentage of ROI P143,614.08 / P2,890,000.00 4.97%
Note: These are only assumptions. Actual figures may vary based on Room Rental Rates & Occupancy.
P32,160,000.00ANNUAL ROOM RENTAL REVENUE @ 50% OCCUPANCY RATE
Less 60% Operating Expense P32,160,000.00 X .60 P19,296,000.0
Net Profit P32,160,000.00 - P19,296,000.00
P12,864,000.0
70% Condotel Owners’ Share P12,864,000.00 X .70 P9,004,800.00
Unit Income Per Share P9,004,800.00 / 3,017 Sq. M. P2,984.69
36 Sq. M. Unit’s Annual Income from Room Rental Revenue
P2,984.69 X 36 Sq. M. P107,448.84
Add 30-Day Complimentary Room Usage Income P3,000.00 X 30 Days P90,000.00
Total Annual Income P107,448.84+ P90,000.00 P197,448.84
Less Association Dues P50.00 X 36 Sq. M. X 12 Months P21,600.00
Net Annual Income P197,448.84 - P21,600.00 P175,848.84
Divide by 12 to see Monthly Income P175,848.84 / 12 Months P14,654.07
Divide by 4 to see Quarterly Income (Frequency of Distribution is Quarterly)
P175,848.84 / 4 P43,962.21
Percentage of ROI 175,848.84 / P2,890,000.00 6.08%
Note: These are only assumptions. Actual figures may vary based on Room Rental Rates & Occupancy.
Total Investment
Annual ROI @ 35% Rate of Occupancy
Annual ROI @ 50% Rate of Occupancy
Regular Savings
Account in Banks @ a Rate
of 1% Annual Interest
Time Deposit Account in Banks @ a
Median Rate of 2.75% (2.5% - 3.5%) Annual
Interest
P2,890,000.00 P143,614.08 @ 4.97%
P175,848.84 @ 6.08%
P28,900.00 P79,975.00
COMPARATIVES ON ANNUAL RETURN ON INVESTMENT
BANK INVESTMENT: Pass Book or Time Deposit Certificate
TIME-SHARE: Membership Certificate
CONDOTEL: Condominium Certificate of Title
Note: These are only assumptions. Actual figures may vary based on Room Rental Rates & Occupancy.
P 7,550.00 (June – Oct) Twin / King Deluxe Room P 8,700.00 (Nov – May) Twin / King Deluxe Room
P 6,550.00 (June – Oct ) Twin Classic Room P 7,250.00 (Nov – May ) Twin Classic Room
NANTUCKER PREMIER - 62 SQMOXFORD SUITE - 72 SQM
OBJECTIVES1. To promote/SELL Splendido Tower 1 & 2: a. Investment b. Retirement c. Health (pollution-free environment, Tagaytay breeze, etc.) d. Lifestyle: Sports *Golf Club (par-72, Greg Norman Championship Golf Course *Country Club
f. No waiting time a. Ready for Occupancy b. Build home/s immediately c. Enjoy the facilities immediatelyg. Free Membership to the Country Club &
Optional membership to the Golf Club
e. View of Taal Volcano (Guiness Book of World Records as the Smallest Volcano, the Greens & Fairways of the Greg Norman Championship Golf Course and Balayan Bay