MIVELA GARDEN RESIDENCES, Pre-Selling Condominium near Cebu IT Park

JUNE 2023 UPDATE: Mivela Garden Residences is a garden-inspired 4-tower condominium project by Cebu Landmasters situated on a 1.26-hectare property in Banilad, Cebu City, which is just a few meters away from Cebu IT Park, Banilad Town Center, Gaisano Country Mall, UC-Banilad, and other commercial establishments are very accessible.

It is located strategically at Banilad, Cebu City where major establishments providing urban comforts are within near distance yet still maintains their serene and refreshing ambiance. Mivela Garden Residences has amenities & facilities that are were well-designed and thought of to bring the vision of the fastest-selling residential condo in Metro Cebu – The Mivela Garden Residences, cebu condominium for sale.

INVENTORY as of June 19, 2023:

Sample Computations (updated on Jun. 23, 2023):

STUDIO UNIT (20 SQM)

LIST PRICE: P2,791,768.26 (T114.15) – TOWER 1
TRANSFER CHARGES: P223,341.46
TOTAL CONTRACT PRICE: P3,015,109.72
RESERVATION FEE: P8,000.00

10% EQUITY in 42 months with 0% interest: P7,000.00/MONTH

90% BALANCE THRU BANK OR PAG-IBIG FINANCING (P2,713,109.72)
20 yrs – P19,437.56/month
15 yrs – P22,894.76/month
10 yrs – P30,121.08/month
5 yrs – P52,452.01/month

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LIST PRICE: P2,640,572.93 (T204.04) – TOWER 2
TRANSFER CHARGES: P211,245.83
TOTAL CONTRACT PRICE: P2,851,818.77
RESERVATION FEE: P8,000.00

10% EQUITY in 42 months with 0% interest: P6,600.00/MONTH

90% BALANCE THRU BANK OR PAG-IBIG FINANCING (P2,566,618.77)
20 yrs – P18,388.05/month
15 yrs – P21,658.59/month
10 yrs – P28,494.73/month
5 yrs – P49,619.93/month

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LIST PRICE: P2,900,888.52 (T312.05) – TOWER 3
TRANSFER CHARGES: P232,071.08
TOTAL CONTRACT PRICE: P3,132,959.60
RESERVATION FEE: P8,000.00

8% EQUITY in 47 months with 0% interest: P5,200.00/MONTH

2% EQUITY on the 48th months: P62,700.00/MONTH

90% BALANCE THRU BANK OR PAG-IBIG FINANCING (P2,817,859.60)
20 yrs – P20,188.02/month
15 yrs – P23,778.70/month
10 yrs – P31,284.02/month
5 yrs – P54,477.12/month

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LIST PRICE: P3,734,837.44 (T405.010) – TOWER 4
TRANSFER CHARGES: P298,787.00
TOTAL CONTRACT PRICE: P4,033,624.44
RESERVATION FEE: P8,000.00

10% EQUITY in 48 months with 0% interest: P8,300.00/MONTH

90% BALANCE THRU BANK OR PAG-IBIG FINANCING (P3,627,224.44)
20 yrs – P25,986.56/month
15 yrs – P30,608.58/month
10 yrs – P40,269.63/month
5 yrs – P70,124.41/month

STUDIO W/ BALCONY (26.69 SQM)

LIST PRICE: P3,505,501.84 (T104.12-B) – TOWER 4
TRANSFER CHARGES: P280,440.15
TOTAL CONTRACT PRICE: P3,785,941.98
RESERVATION FEE: P8,000.00

10% EQUITY in 42 months with 0% interest: P8,900.00/MONTH

90% BALANCE THRU BANK OR PAG-IBIG FINANCING (P3,404,141.98)
20 yrs – P24,388.33/month
15 yrs – P28,726.08/month
10 yrs – P37,792.96/month
5 yrs – P65,811.60/month

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LIST PRICE: P3,483,082.93 (T202.01-B) – TOWER 2
TRANSFER CHARGES: P278,646.63
TOTAL CONTRACT PRICE: P3,761,729.56
RESERVATION FEE: P8,000.00

10% EQUITY in 42 months with 0% interest: P8,800.00/MONTH

90% BALANCE THRU BANK OR PAG-IBIG FINANCING (P3,384,129.56)
20 yrs – P124,244.96/month
15 yrs – P28,557.21/month
10 yrs – P37,570.78/month
5 yrs – P65,424.71/month

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LIST PRICE: P3,664,837.27 (T314.11) – TOWER 3
TRANSFER CHARGES: P293,186.98
TOTAL CONTRACT PRICE: P3,958,024.26
RESERVATION FEE: P8,000.00

8% EQUITY in 47 months with 0% interest: P6,600.00/MONTH

2% EQUITY on the 48th months: P79,200.00/MONTH

90% BALANCE THRU BANK OR PAG-IBIG FINANCING (P3,560,624.26)
20 yrs – P25,509.42/month
15 yrs – P30,046.57/month
10 yrs – P39,530.23/month
5 yrs – P68,836.84/month

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LIST PRICE: P3,712,531.55 (T404.10) – TOWER 4
TRANSFER CHARGES: P297,002.52
TOTAL CONTRACT PRICE: P4,009,534.07
RESERVATION FEE: P8,000.00

8% EQUITY in 47 months with 0% interest: P6,700.00/MONTH

2% EQUITY on the 48th months: P80,200.00/MONTH

90% BALANCE THRU BANK OR PAG-IBIG FINANCING (P3,606,434.07)
20 yrs – P25,837.61/month
15 yrs – P30,433.14/month
10 yrs – P40,038.81/month
5 yrs – P69,722.47/month

1-BEDROOM w/ Balcony (47.76 SQM)

LIST PRICE: P6,075,926.24 (T105.25) – TOWER 1
TRANSFER CHARGES: P486,074.10
TOTAL CONTRACT PRICE: P6,562,000.34
RESERVATION FEE: P8,000.00

10% EQUITY in 42 months with 0% interest: P15,500.00/MONTH

90% BALANCE THRU BANK OR PAG-IBIG FINANCING (P5,903,000.34)
20 yrs – P42,290.93/month
15 yrs – P49,812.87/month
10 yrs – P65,535.41/month
5 yrs – P114,121.53/month

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LIST PRICE: P6,915,820.87 (T206.09) – TOWER 2
TRANSFER CHARGES: P553,265.67
TOTAL CONTRACT PRICE: P7,469,086.54
RESERVATION FEE: P8,000.00

10% EQUITY in 42 months with 0% interest: P17,600.00/MONTH

90% BALANCE THRU BANK OR PAG-IBIG FINANCING (P6,721,886.54)
20 yrs – P48,157.68/month
15 yrs – P56,723.10/month
10 yrs – P74,626.72/month
5 yrs – P129,952.90/month

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LIST PRICE: P6,498,432.88 (T306.14) – TOWER 3
TRANSFER CHARGES: P519,874.63
TOTAL CONTRACT PRICE: P7,018,307.51
RESERVATION FEE: P8,000.00

10% EQUITY in 48 months with 0% interest: P14,500.00/MONTH

90% BALANCE THRU BANK OR PAG-IBIG FINANCING (P6,314,307.51)
20 yrs – P45,237.66/month
15 yrs – P53,283.72/month
10 yrs – P70,101.76/month
5 yrs – P122,073.25/month

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LIST PRICE: P6,924,332.97 (T405.14) – TOWER 4
TRANSFER CHARGES: P553,946.64
TOTAL CONTRACT PRICE: P7,478,279.61
RESERVATION FEE: P8,000.00

10% EQUITY in 48 months with 0% interest: P15,500.00/MONTH

90% BALANCE THRU BANK OR PAG-IBIG FINANCING (P6,726,279.61)
20 yrs – P48,189.16/month
15 yrs – P56,760.17/month
10 yrs – P74,675.49/month
5 yrs – P130,037.83/month

PARKING (12.50 SQM)

LIST PRICE: P764,400.00 – TOWERS 1 & 2
TRANSFER CHARGES: P45,864.00
TOTAL CONTRACT PRICE: P810,264.00
RESERVATION FEE: P10,000.00

10% EQUITY in 42 months with 0% interest: P1,700.00/MONTH

85% BALANCE THRU BANK OR PAG-IBIG FINANCING (P728,864.00)
20 yrs – P5,221.81/month
15 yrs – P6,150.57/month
10 yrs – P8,091.88/month
5 yrs – P14,090.98/month

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LIST PRICE: P764,400.00 – TOWERS 3 & 4
TRANSFER CHARGES: P45,864.00
TOTAL CONTRACT PRICE: P810,264.00
RESERVATION FEE: P10,000.00

10% EQUITY in 48 months with 0% interest: P1,500.00/MONTH

90% BALANCE THRU BANK OR PAG-IBIG FINANCING (P728,264.00)
20 yrs – P5,217.51/month
15 yrs – P6,145.51/month
10 yrs – P8,085.22/month
5 yrs – P14,079.38/month

PAYMENT OPTIONS:

Spot 10% Down payment with 10% Discount (Before TC), 90% bank financing;
Spot 2.5% Down payment with 10% Discount (Before TC), 7.5% DP spread over 48 months, and 90% bank financing;
10% Down payment over 48 months (before TC), and 90% bank financing;

REQUIREMENTS UPON RESERVATION:

Official CLI SPA – this is a requirement if the buyer is not present during the reservation transaction; to be filled-up completely with the Principal buyer’s name and signature;
Buyers Info. Sheet – to be filled up completely and signed by the buyer on the 3rd page;
1 primary ID with 3 specimen signature ( both spouses if married );
Proof of TIN: BIR ID or ITR or BIR Form 1904 or 2316 or COR ( both spouses if married )
Reservation Fee (cash, check or online deposit; for online deposit please ensure submission of deposit slip to sales front liner for proper tagging of payment

REQUIREMENTS TO FOLLOW:

Birth Certificate ( if single ) – NSO or PSA copy only
Birth Certificate of both spouses and Marriage Certificate ( if married ) – NSO or PSA copy only
Complete Post Dated Checks
Proof of Income ( COE or ITR or 3 months latest pay slip or DTI for business )
Notarized SPA if applicable
Signed Contract To Sell