38 Park Avenue in Cebu IT Park, Cebu City

BUILDING DESCRIPTION

38 Park Avenue Cebu is the city’s landmark project commencing this year (2017) by El Camino Developers Inc – a 5 Company consortium.

IT PARK Cebu is a master-planned integrated community and the preferred address which is recognized as the Cebu city’s lifestyle and leisure center as well as being the preferred regional business address with a thriving live – work – play environment.

38 Park Ave. Cebu is the residential component of the soon to be developed breathable space at bustling PEZA accredited IT hub. It is part of the PHP5 billion mixed use project with the other two components an office tower and a retail boulevard.

With 38 Park Avenue, we are introducing a unique residential experience, towering all other developments in IT park.

 

38 Park Avenue will consist of 745 units made up of 440 studios, 211 one bedroom condos, 75 two bedroom, 11 three bedroom condos and topped with 8 penthouses for sale.

Each unit is meticulously designed and angled for the best panoramic views of Cebu. This Iconic building will tower above the surrounding building so you really are on top of the world especially when you are in the sky gardens located on the 31, 33, 35, 37 and 39th floors which provide ample external space for everyone to enjoy some time in the sun.

This will be with out a doubt the most prestigious address in Cebu which adds value to any purchase and also makes it an ideal property investment. If you are looking to invest in the Philippines then look to Cebu and look to the 38 Park Avenue condos for sale.

 

as of Jan 28, 2019

 

STUDIO TYPE 
Floor Area: 24.48 sq.m.
Level: 22nd Floor 
Unit No. 2216

 

Sample Computation:
Total Selling Price: Php  4,515,823.96 
Transfer and Registration charges: Php 361,265.92 
Reservation Fee: Php 30,000.00
15% Down payment, net of reservation fee: Php 677,373.594
Monthly Equity: Php 13,486.95 per month spread over 48 months
85% Balance Loanable Amounth thru Bank Financing: Php 3,838,450.37
Monthly Amortization:
25 years @ Php 25,917/mo.
20 years @ Php 28,618/mo.

 

1-BEDROOM
Floor Area: 54.13 sq.m.
Level: 21st Floor
Unit No. 2109

 

Sample Computation:
List Price: Php  8,067,763.56 
Transfer and Registration charges: Php  645,421.08 
Reservation Fee: Php 30,000.00
15% Down payment, net of reservation fee: Php 1,210,164.53
Monthly Equity: Php 38,033.03 per month spread over 48 months
85% Balance Loanable Amount thru Bank Financing: P 6,857,599.03
25 years @ Php 46,303/mo.
20 years @ Php 51,128/mo.

 

2-BEDROOM 
Floor Area: 74.01 sq.m.
Level: 30th Floor
Unit No. 3003

 

Sample Computation:
List Price: Php 11,427,870.08 
Transfer and Registration charges: Php  914,229.61 
Reservation Fee: Php 50,000.00
15% Down payment, net of reservation fee: Php 1,714,180.51
Monthly Equity: Php 53,716.88 per month spread over 48 months
85% Balance Loanable Amount thru Bank Financing: Php 9,713,689.57
Estimated Monthly Amortization:
25 years @ Php 65,588/mo.
20 years @ Php 72,423/mo.

 

3-BEDROOM
Floor Area: 110.86 sq.m.
Level: 29th Floor
Unit No. 2905

 

Sample Computation:
List Price: Php  24,663,718.08 
Transfer and Registration charges: Php  1,973,097.45 
Reservation Fee: Php 50,000.00
15% Down payment, net of reservation fee: Php 3,273,491.89
Monthly Equity: Php 117,138.65 per month spread over 48 months
85% Balance Loanable Amount thru Bank Financing: Php 20,964,160.37

 

 

DESIGNED TO PERFECTION

Units are meticulously designed and angled for the best panoramic view of Cebu.

 

QUICK FACTS

• 38 residential floors
• 3 levels of amenity at the 26th to the 28th floor
• 2 main lobbies (East & West)
• 8 elevators
• 3 Levels basement parking
• A grand atrium at the center of the tower
• Ultra-exclusive VIP Units

 

Main Features

• 745 units
  – 440 studio
  – 211 one-bedroom
  – 75 two-bedroom
  – 11 three-bedroom
  – 8 penthouse
• 1,280 sqm building floor plate
• Balcony on select units
• 521 parking units

• Garden Atrium
• High Ceiling Lobby 

• Swimming pool
• Showers
• Fitness gym
• Lounge areas
• Multi-function hall

 

Building Features

• 24 hour security
• CCTV System
• Property Management Services
• 100% Back-up Power
• MRF (Materials Recovery Facility)
• FDAS (Fire Detection Alarm System)
• Automatic Sprinkler System
• Domestic Water Tank