Name of Project: Ivory Residences (1BR)
Location: Bajada, Davao City
Overview:
Ivory Residences Davao is an 18-story condominium project that will soon rise in J.P. Laurel Ave., Bajada, Davao City. A hotel will also be constructed beside this condominium. It is developed by Santos Land Development Corporation, a very successful homegrown developer. This company is behind several remarkable projects in Davao like Ilumina Estates, La Vista Monte Subdivision, Celerina Homes, to name a few.
Landmark/Accessibility:
-6 minutes away from DMSF (walking distance)
-3 minutes away from Abreeza Mall
-3 minutes away from Victoria Plaza
-7 minutes away from San Roque Elementary School
-3 minutes going to Philippine College of Technology
-2 minutes going to National Bereau of Investigation
Transportation Details:
-2 mins going to nearest malls like Abreeza Mall, Victoria Plaza & Gaisano Mall
-3 mins going to nearest Hospitals & School/University
-Walking distance to nearest Malls, Hospitals, and Schools
-PUJ (Public Utility Jeep) or Taxi going to other Malls, Hospitals and Schools
Sample Bank Computation:
Total Contract Price: Php 6,618,600.00
1. Reservation Fee: Php 50,000 (deductible to DP)
2. Downpayment/Equity: Php 611,860.00 payable for 24 months
Monthly Equity payment: Php 25,494/month for 24 months
3. 90% Estimated Loanable Amount: Php 5,956,740.00
Estimated Bank Financing Sample Computation:
* 15 years @ Php 53,540/month
* 10 years @ Php 69,162/month
* 5 years @ Php 117,950/month
In-House Financing Sample Computation:
* 3 years @ Php 160,605/month
* 2 years @ Php 224,639month
* 1 year @ Php 386,085/month
DOCUMENT REQUIREMENTS:
*Purchase Application Form (PAF)
*Loan Application Form (LAF)
*Residence Certificate / Passport
*1×1 or 2×2 ID Picture (3 copies each, signed at back) for husband and wife
*Marriage Contract
*TIN / Birth Certificate
*Any Valid ID
*Sworn Statement & Certification of Naturalization from Adopted Country (if previously a Filipino citizen)
*Special Power of Attorney (with Authentication from Philippines Consulate when notarized abroad)
*Affidavit of Waiver from the foreign spouse
*Certificate of Employment or Employment Contract (for OFWs)
*Proof of Billin
*Proof of Income / Affidavit of Support (optional)
*Post-Dated Checks covering Downpayment period
ADDITIONAL REQUIREMENTS FOR SELF-EMPLOYED :
*Business Registration (SEC / DTI)
*Articles of Incorporation / Partnership and By-Laws