Puerto De san Juan Condominium
a condominium project in San Juan, La Union being developed by ESC CORP
Location
condo site development plan
Puerto de san Juan condominium is part of the existing property where Puerto de San Juan Hotel is located
CONDO CONSTRUCTION AS OF AUGUST 2020
actual pictures of the property
- Puerto de san Juan has already operating Hotel called Puerto de San Juan Hotel. As a part of the expansion, there will be a condominium building where we will all be able to secure our units
view from our condominium units
Puerto De San Juan Condominium Perspectives
the Building Floor Plan
Sample Quotation as of September 2020
Price will increase on January 1, 2021 then 5% increase every quarter until the building construction finishes (there will be atleast accumulated 60% increase in Price from the time this project is launched)
Sample Computation
unit 206
Studio Type unit
floor area: 26 sqm
total selling price: P4,081,548.44
plus VAT 12%: P489,785.8
plus 7% Msc.fee (for title transfer): P285,708.4
(note: Msc. fee and VAT can be paid after 20% downpayment in 30 months)
total contract price: P4,857,042.64
reservation fee: P100,000
20% net downpayment: P716,309.688
break down in 30 months: P23,876.98/month
:after this you need to settle the VAT and Msc. fee for the transfer of Condominium Certificate of Title (CCT)
80% balance thru end user financing: P3,265,238.7
sample computation thru bank financing at 7% interest rate per annum:
- in 15 years: P29,349/month
- in 10 years: P37,912/month
Sample Computation
unit 206
Studio Type unit
floor area: 26 sqm
total selling price: P4,081,548.44
plus VAT 12%: P489,785.8
plus 7% Msc.fee (for title transfer): P285,708.4
(note: Msc. fee and VAT can be paid after 20% downpayment in 30 months)
total contract price: P4,857,042.64
reservation fee: P100,000
20% net downpayment: P716,309.688
break down in 30 months: P23,876.98/month
:after this you need to settle the VAT and Msc. fee for the transfer of Condominium Certificate of Title (CCT)
80% balance thru end user financing: P3,265,238.7
sample computation thru bank financing at 7% interest rate per annum:
- in 15 years: P29,349/month
- in 10 years: P37,912/month
Below is the projected future price of the units as given by the company based on the 5% increase per quarter (this is better than any other investment opportunity out there!)
below is the complete computation of the increment
Income idea: if you will buy a unit now and pay the 20% which will cost you more than P700k and sell it 30 months from now, you can earn up to P2.7 basing to the fair market value being set by the developer. That is more than 300% of your cash out (P700K) which you will pay staggered at zero interest for 30 months! :) however, if you will not sell it and decided to just rent it out, it can be a serious lifetime income generator for you. Either way, it is indeed a money making machine.