Posts Tagged ‘condominium’

Shell Residences at the SM Mall of Asia

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Shell Residences is an investment you may want to seriously consider looking into because it’s  in a very Prime Location at the SM Mall of Asia Complex. Whether for your personal use or rental income possibilities, this investment has all the the checks for a sound fundamentals. LOCATION. LOCATION. LOCATION.

As your own residence, it offers you close proximity to every conveniences you could think of being stones throw away from the SM Mall of Asia which houses a Department Store, Supermarket, Cinemas, Name brand Shops, Restaurants, Hobbies and Sports. And within the Shell Residences are Facilities and Amenities of Country Club and Resort Living attractions to keep your day full. Or you can simply chill in your very own condominium unit for a relaxing stay.

As a potential rental business, it offers you high probability of leasing it to expats and Filipinos alike who wish to be close to the mall and other exciting attractions by the bay and proximity to establishments and Business Districts as if they live in a hotel.

Shell Residences

Shell Residences

TOTAL LAND AREA : 2.2 hectares

LOCATION: Edsa cor. Road 11, SM Mall of Asia Complex, Pasay City

Developments near Sea Residences

SHELL RESIDENCES- is another concept inspired by modern tropical design. Inside the 4-

tower complex lies an oasis providing residents with a relaxed and refreshing atmosphere.

- Maximizes green architecture for ventilation and light conservation

RESIDENTIAL: Various condominiums and hotels

COMMERCIAL: SM Mall of Asia, San Miguel by the Bay, Blue Wave

RESIDENTIAL: Various condominiums and hotels

COMMERCIAL: SM Mall of Asia, San Miguel by the Bay, Blue Wave

EDUCATIONAL: De La Salle University, St. Scholastica’s College, St. Benilde, St. Paul

Manila, UP Manila, Manila Doctors Hospital: San Juan De Dios, Ospital

ng Maynila

PLACES OF WORSHIP: Shrine of Jesus, San Isidro Parish Church

HOSPITALS: San Juan De Dios, Ospital ng Maynila

GOVERNMENT OFFICES: Department of Foreign Affairs, National Statistics Office-Pasay

City, Pasay City Hall, Banko Sentral ng Pilipinas

Leisure/Tourist Destination : SMX Convention Center, The Arena, One Esplanade,

Philippine International Convention Center, Cultural Center of the

Philippines,Cuneta Astrodome, World Trade Center

ARCHITECTURAL CONCEPT: Modern Tropical Design

NO.OF BUILDINGS: 4 Towers

NO. OF FLOORS: 15 physical floors, 16 marketing floors

NO.OF UNITS: 3,117 units ; 587 Basement Parking Slots ; 93 open parking

AMENITIES : Multiple Swimming Pools, Wet Play Area,Grand Lobbies , Lounge Area,

Children’s Playground, Vast Modern Tropical Garden, Jogging Trail, Multi-

Purpose Room

FACILITIES: Grand lobbies with lounge areas , 5 passenger elevators for each

Tower ,Meralco Power Maynilad Water , PLDT ,24 hour security ,Automatic

fire detection and alarm system ,Stand-by genset for common areas & select

residential outlets ,Sufficient fire exits Centralized cistern tank , Sewerage

treatment Plant.

TYPICAL UNIT FINISH:

WALL FINISHES: Interior Walls – Painted Finish

Toilet and bath – combination of wall tiles and painted finish

Living and dining area – painted plain cement finish

FLOOR FINISH: Living, dining and kitchen – 600 x 600 homogeneous tiles

Toilet and bath – 300 x 300 vitrified floor tiles

Bedroom – 600 x 600 Homogeneous Tiles

Balcony – vitrified floor tiles

DOORS: Main door – steel moulded or solid wood door

Toilet and bath – PVC door

Bedroom – Glass on laminated wood frame sliding door(1BR)

Laminated wood door (2BR)

WINDOWS: Tempered glass on powder coated Aluminum frame

BALCONY RAILING: Powder Coated Aluminum Railing

Kitchen cabinets and equipment : Laminated overhead kitchen cabinets

: Granite Counter top on under counter cabinets

Unit Count and Sizes: Type of Unit No. of Unit Average Area

1-Bedroom Unit                                                                 1,193 units                           28.91square meters

1-Bedroom Unit w/ Balcony                                        1,624                                        29.30

1-Bedroom End Unit                                                        55                                              35.81

1-Bedroom End Unit w/ Balcony                                95                                              34.88

1-Bedroom Unit w/ Garden                                           43 units                                  33.91sq.m.

PRICE RANGE : Php 2.2 M – P 9.0 M

2-Bedroom Unit w/ Balcony                            6 units                               108.07 sq.m.

2-Bedroom End Unit w/ Balcony                  100                                       72.62

4-Bedroom Unit w/ Balcony                                       1 unit                                   262.70sq.m.

Total number of Units – 3,117

DEVELOPER: SM Development Corporation

ARCHITECT: ASYA Design Partners by Arch. Albert S. Yu

INTERIOR DESIGNER: M-Contemporary Concept Inc.

SHOWROOM: Grand Showroom

CONSTRUCTION SCHEDULE: Tentative Ground Breaking – January 2012

TURN-OVER SCHEDULE: Tentative 2nd Half of 2015

* Information given is a general overview of the period. The developer reserves the right to

modify.

Contact Us now for more information and  Unit Computation.

We have very flexible terms of payment to suit your investing preference.

SAMPLE COMPUTATION
TOWER C – ONE (1) BEDROOM with BALCONY
26.10 sq.m
TCP : P 2,495, 000.00
Term of Payment Used:10/10/80
10% Spot Down
10% Balance Down payable in 36 months interest free
BALANCE of 80% Bank Financing at a minimum of 9.0%/annum
Computation of Down payment and Amortization
TOTAL CONTRACT PRICE: P 2,495, 000.00
less Discount (3%) : P 74,874.53
NET Contract Price: P 2,420,943.19
Less Reservation Fee: P25,000
SPOT DP (10%): 217,094.32 payable 30Days after the Reservation Date
BALANCE DP(10%) : P 242,094.32  payable in 36 months interest free
MONTHLY DP BALANCE PAYMENTS: P 6,724.84
payable beginning 30 days following the 10% SPOT Downpayment date for 36 months
BANK FINANCING Balance:
80% = P 1,996,654.18
At 9.0%/annum
5 YEAR LOAN= P41,447.26/month (factor 0.01672210)
@ 10% / annum
10 YEAR LOAN = P26,285.93
(factor 0.01064553)
@ 10.5% / annum
15 YEAR LOAN = 22,070.99 (factor 0.00890465)
Take advantage of this very flexible term of payment and own a Condominium at the prime Shell Residences today.
Arelle V. White, R.N.
Real Estate Broker License No. 5632
Mobile No. +63929.741.8885
Tel. No. +632.455.3628
Email: realty@wowislands.com
http://wowislands.com/smresidences/
Gmail/YM: wowislands


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Real Estate Bank Financing Requirements

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PRE-QUALIFICATION REQUIREMENTS for Real Estate Bank Financing Loans 

I would like to share with you what will be required of you to secure a Bank Financing Loan depending on your source of income.  

If Employed within the Philippines -        

Certificate of Employment (COE) with salary and position      

 Latest Income Tax Return  

If Overseas Filipino Worker (OFW)

Crew Contract and Exit Pass form POEA (Seaman)

Contract/Certificate of Employment (COE)

Authenticated by the Philippine Consulate (direct-hired) or Verification with the Employer thru E-mail.

Or 6 Months Proof of Remittance (i.e passbook, bank statement or remittance receipts) 

If Practicing Doctor

Clinic Address Latest

Income Tax ReturnBank Statements for the last 6 months 

If Self-employed within the Philippines

Business Name (DTI)or SEC Registration Certificate

Articles of Incorporation and By Laws

Last 3 years Income Tax Return & Audited Financial Statements

Bank Statements for the past 6 months

 If from Commission

Latest Income Tax Return

Vouchers or Bank Statements for the past 6 months

If from Rental of Properties

Latest Income Tax Return

Lease Contracts of Bank Statements for the last 6 months 

You may see the usual Bank Charges here.

You will of course be subject to a credit check or CI (credit investigation). It’s better if you have a very good credit standing, meaning you pay your loans and credit card bills on time.

*The above are standard documentations in securing a bank financing facility, the bank may require supplementary documentations and considerations for approval may vary from bank to bank.   

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