The Suites at Gorordo in Archbishop Reyes Avenue, Cebu City
Gorordo Avenue corner Archbishop Reyes Avenue, Cebu City
Type: Condotel (Condo + Hotel)
Status: Under Construction
Available Units:
Residential Suite (36.08 - 40.18 sq.m.)
Residential Executive (48.19 - 53.19 sq.m.)
Service Executive (51 sq.m.)
Service Premier (75.62 sq.m.)
Target Delivery: 2021
Description
A CEBU-based developer partnered with an international management firm for a luxury condominium project in Cebu City. Worldwide Central Properties, Inc. recently announced its partnership with The Ascott Limited for The Suites at Gorordo, a project seen to create commercial growth in the area. The Suites is a 28-storey condominium project with 160 residential units and 150 serviced apartments. It will be built on a 1,000-square meter lot at the corner of Gorordo Avenue and Archbishop Reyes Avenue in Cebu City.
PROJECT LOCATION
The project will rise at Gorordo Avenue corner Archbishop Reyes Avenue steps away from the bustling business and commercial district of Cebu Business Park. Steps away from Ayala Center Cebu Proximity to top hospitals, schools, retail stores and transportation hubs.Sample Computations
as of Feb, 2019
RESIDENTIAL SUITES
Floor area: 36.08 sq.m.
Unit Level: 23rd floor
Sample Computation:
TCP: Php 6,156,960.00
Reservation: Php 50,000.00
Unit Price: Php 5,130,800.00
12% VAT: Php 615,696.00
Misc. Fees: Php 410,464.00
20% Down payment : Php 1,231,392.00 (less reservation)
Net Equity: Php 1,181,392.00 payable in 36months or P 32,816.44
80% Balance Amount thru Bank Financing: P 4,925,568.00Bank Monthly Amortization (3 years repricing period at 6.5% interest p.a.):
25 years @ P 33,258
Discount for Spot Cash TCP: 8%-12%SERVICE EXECUTIVE SUITES
Floor area: 51.05 sq.m.
Unit Level: 21st floor
Sample Computation:
TCP: Php 11,616,603.00
Reservation: Php 50,000.00
Unit Price: Php 7,872,600.00
12% VAT: Php 1,128,492.00
*FF & E: Php 1,531,500.00
Other Charges:
1) Set-up: Php 331,683.00
2) Misc. Fees: P 752,328.00
3) Payment Terms
3.1) 22.5% Stretched in 29 months + 2.5% 6 Balloon
Month 1-5 - Php 71,059.03
Month 6 - Php 119,357.64
Month 7-11 - Php 71,059.03
Month 12 - Php 119,357.64
Month 13-17 - Php 71,059.03
Month 18 - Php 119,357.64
Month 19-23 - Php 71,059.03
Month 24 - Php 119,357.64
Month 25-29 - Php 71,059.03
Month 30 - Php 119,357.64
Month 31-35 - Php 71,059.03
Month 36 - Php 119,357.64
3.2) 5% SPOT + 20% Stretched in 35 months
5% SPOT - Php 529,583.31
Month 2-36 - Php 66,238.09
75% Balance Amount thru Bank Financing: Php 8,712,452.25
Bank Monthly Amortization (3 years repricing period at 6.5% interest p.a.):
25 years @ P 58,827
Discount for Spot Cash TCP: 8%-12%
*FF&E = Furniture, Fixtures & Equipment
Features & Amenities
AMENITIES
- Ground Floor
- Restaurant
- 8th Floor
- Swimming Pool
- Fitness Center
- Jacuzzi
- Roof Deck
BUILDING FEATURES
- Two Separate Entrance Lounges
Serviced Suites
Residential Suites
- 100% Back-up Power
- Fire Alarm and Smoke Detection System
- Tow (2) Fire Exits per Floor
- 24-Hour Security Service
- Two (2) Exclusive Amenity Areas
8th Floor
Sky Deck
- CCTV Cameras
- Provision for multi-point heater
- Provision for split type air-con
- Provision for washer/dryer
- Floor to Ceiling as high as 3.6M (Residential Suite)
RESIDENTIAL SUITE UNIT FINISHES
KITCHEN
Flooring: 60x60 Porcelain Tiles
Countertop: Granite
Cabinet: Laminated Kitchen Cabinet
BEDROOM
Flooring: Engineered Wood
Wall: Paited Wall (white)
Closet: Laminated Closet Cabinet
TOILET & BATH
Flooring: 30x60 Tiles
Wall: 30x60 Tiles
WALL & CEILING
Painted Wall (white)