VERA ESTATES in MANDAUE CITY, CEBU

VERA ESTATES is a high-end subdivision in a serene countryside living with metropolitan conveniences. A Residential development embodies a community of serenity and refinement situated on the sprawling greenery of the northern part of Metro Cebu. It offers a tranquil home address while still promising an active commercial district.

It is located in Barangay Tawason, Mandaue City, a rural setting area yet accessible to the City, Airport, North Highway, near schools, church, markets and commercial centers.

FEATURES & AMENITIES :
Prime location in Mandaue City, easily accessible to Cebu City, the airport and the North Highway.
Near schools, church, markets and commercial centers.
Wide Roads, 20-meter Right-Of-Way Main Road
Fully Landscaped Entrance
Fully Fenced Perimeter
Water features and Lagoons
Tree-Lined Roads
Landscaped Parks and Playgrounds
Street Lights
Central Clubhouse wiht swimming Pool
Community Chapel
Jogging Trails and Bike Lanes
Concrete Roads, Sidewalks and Curbs
Separate Storm and sewer drainage system
Dual water source, MCED and deep well
VECO Electrical Power Supply
Underground Power Service Connection to the Houses
Telephone Lines and Cable TV Lines ( Subject to utility company’s expansion program )

PRICE LIST AS OF AUG.. 2022
Phase 1-B

PHASE 2-A

SAMPLE COMPUTATION :

AVAILABLE INVENTORY AS OF MAY 30, 2023
Available Inventory Lots for Vera Estates:
 Phase 2A (12 months DP)
1.)Lot 32 (438sqm)
2.)Lot 40 (348sqm
)3.)Lot 53 (429sqm)
4.)Lot 61 (237sqm)
5.)Lot 63 (237sqm)
6.)Lot 65 (254sqm)
7.)Lot 67 (257sqm)
8.)Lot 69 (259sqm)
9.)Lot 70 (294sqm)
10.)Lot 71(292sqm)
11.)Lot 74(317sqm)
12.)Lot 75(247sqm
)13.)Lot111(297sqm)
14.)Lot114(379sqm)
Phase1B (24 months DP)
1.)Lot 132(608sqm)
2.)Lot 133(518sqm)
3.)Lot 134(518sqm)
4.)Lot 135(558sqm)
5.)Lot 137 (248sqm)
6.)Lot 138 (258 sqm)
7.)Lot141(248sqm)
8.)Lot163(288sqm)
9.)Lot183(508sqm)

SAMPLE COMPUTATION AS OF MAY 30, 2023
Available Inventory Lots for Vera Estates:  Phase2A (With Individual Title ready)

The French Highlands

The French Highlands at Vera Estate – House and Lot

The French Highlands is a subdivision inside Vera Estates. The first of four residential enclaves located at an elevated area which is overlooking the city.

DE LUXE HOUSE MODEL:
2-Storey Single Detached
3 Bedrooms
3 Toilet and Bath
1 Powder Room
Maid’s Room with Own Toilet
3 Car Covered Garage
Dirty Kitchen, Utility Area

Price:

Lot Area   : 285 sq. m.
Floor Area: 230 sq. m.
Reservation Fee: P 100,000.00

Note: Lot Type (MES) – Main Road, Facing east. Scenic Lot
Basic house deliverables; walls are painted, plumbing fittings, tiled floors
House upgrade is allowed and will be assessed separately.

PAYMENT TERMS:
1) SPOT CASH – Less 5% discount Payable in 30 days from Reservation date.
Total Contract Price    : P 17,377,816.00
Less: Reservation Fee: P      100,000.00
Less: 5% Discount                 863,890.80
Discounted Balance      P 16.408,925.00
2) SPOT EQUITY – Within 7 days from Reservation, Less 3% Discount.
3) REGULAR EQUITY – Payable 6 months, no Interest
4) DEFERRED CASH – 24 MONTHS TO PAY

Photos

The French Highlands at Vera Estate – Lot Only

LOT ONLY FOR SALE IN THE HIGHLANDS AT VERA ESTATE – Located in Brgy Tawason, Mandaaue City, Cebu

PAYMENT OPTIONS:

Spot Cash: Full Payment of TCP, 5% Discount, Payable in 1 Month from Reservation Date
1.  Reservation Fee :  50,000.00
2.  Total Contract Price : 3,446,941.42
3.  Less :  5% discount based on TCP :  172,347.07
4.  Less : Reservation Fee :  50,000.00
5.  Full Payment of Total Contract Price ( Payable within 1 month from reservation fee date :  3,224,594.35

Straight 24 :  Full Payment of TCP, 24 Equal Monthly Payments. No Down payment
1.  Reservation Fee :  50,000.00
2. Total Contract Price :  3,446,941.42
3.  Less :  Reservation Fee :  50,000.00
4.  Balance :  3,396,941.42
5.  Monthly Payment for ( 24 months :  141,539.23 )

Payment Options for the 20% Equity / Down payment
Option 1.  Spot Equity – Paid During the Reservation date, 5% Discount on the Down payment
1.  Reservation Fee :  50,000.00
2.  20% Down payment :  689,388.28
3.  Less :  5% Discount based on down payment :  34,469.41
4.  Less :  Reservation Fee :  50,000.00
5.  Spot down payment :  604,918.87

Option 2 :  12 Month Down payment. No interest
1.  Reservation Fee :  50,000.00
2.  20% Down payment :  689,388.28
3.  Less :  Reservation Fee :  50,000.00
4.  Net Down payment :  ( 12 months :  53,282.36

Payment Options for the 80% Balance

Bank  Financing ( Estimates Only, Subject to Client’s Bank Verification and approval ) :  2,757,553.14 / Loanable Amount
5    years to pay at 6% interest, fixed for 1 year ( 60 months to pay :  53,344.23 / Monthly Amortization )
10 years to pay at 6% interest, fixed for 1 year  ( 120 months to pay : 30,614.49 /Monthly Amortization)
15 years to pay at 6% interest, fixed for 1 year  ( 180 months to pay : 23,269.80 / Monthly Amortization)

5   years to pay at 7.5% interest, fixed for 5 years ( 60 months to pay : 55,255.71 / Monthly Amortization)
10 years to pay at 7.5% interest, fixed for 5 years ( 120 months to pay :  32,732.64/ Monthly Amortization)
15 years to pay at 7.5%interest, fixed for 5 years  ( 180 months to pay :  25,562.86 / Monthly Amortization)

PHOTOS

CONSTRUCTION UPDATE

UPDATED MAP AS OF FEB. 2021

PHASE 1-B

HLURB – LICENSE TO SELL NO.  27171 

For more info & for site viewing:
Pls. Contact:

CAROL N. CALIBO
Investment Manager
MauRealty & Brokerage
HLURB-CVRFO-A-000514-2017

email ad:   carol_calibo16@yahoo.com
gmail:         carolina.calibo16@gmail.com

Tel:              (032) 516-5441 /(032) 427-7611
Sun:            +63 9255003410 / +639329691358
Globe:        +639176207235

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