This document is a computation template for a real estate unit in the Manhattan Plaza development. It outlines the key payment details for Unit 29th Floor Unit J, including a contract price of PHP 18.92 million. It provides three payment options for the client: 1) 15% cash discount option, 2) 10-10-80 installment plan, or 3) 5-10-5-80 installment plan. The template also notes important dates like turnover deadlines and grace periods for different towers. It requires signatures from the client and agents to finalize the selected payment option.
Original Description:
2BR Computation of a Condo Unit at Manhattan Gardens
This document is a computation template for a real estate unit in the Manhattan Plaza development. It outlines the key payment details for Unit 29th Floor Unit J, including a contract price of PHP 18.92 million. It provides three payment options for the client: 1) 15% cash discount option, 2) 10-10-80 installment plan, or 3) 5-10-5-80 installment plan. The template also notes important dates like turnover deadlines and grace periods for different towers. It requires signatures from the client and agents to finalize the selected payment option.
This document is a computation template for a real estate unit in the Manhattan Plaza development. It outlines the key payment details for Unit 29th Floor Unit J, including a contract price of PHP 18.92 million. It provides three payment options for the client: 1) 15% cash discount option, 2) 10-10-80 installment plan, or 3) 5-10-5-80 installment plan. The template also notes important dates like turnover deadlines and grace periods for different towers. It requires signatures from the client and agents to finalize the selected payment option.
CLUSTER/TOWER 1 CONTRACT PRICE P 18,920,000.00 UNIT 29th Floor Unit J 2% PDC DISCOUNT NOT AVAILING TYPE 2-Bedroom Corner Unit with balcony P 0.00 AREA (SQ.M.) 85.10 sq.m. 3% VIP DISCOUNT P 567,600.00 RESERVATION FEE P 25,000.00 TOTAL DISCOUNTS AVAILED P 567,600.00
OPTION 1 : CASH TERM IMPORTANT NOTES:
1. NOTWITHSTANDING THE ABOVE PAYMENT TERMS, ALL BALANCES ARE DUE AND DEMANDABLE UPON TURNOVER. CONTRACT PRICE P 18,920,000.00 2. MEGAWORLD CORP. RESERVES THE RIGHT TO CORRECT ANY ERROR THAT MAY Less: 15% Cash Discount P 2,838,000.00 APPEAR ON THIS COMPUTATION. 3. PLEASE MAKE ALL CHECKS PAYABLE TO MEGAWORLD CORPORATION. NET CONTRACT PRICE P 16,082,000.00 4. FOR RETAIL Less: Reservation Fee P 25,000.00 **FIRST MONTHLY AMORTIZATION/FULLPAYMENT/DOWNPAYMENT IS DUE AFTER P 16,057,000.00 30 DAYS FROM DATE OF RESERVATION **FOR PAYMENT OPTIONS WITH DP, MONTHLY AMORTIZATION IS DUE AFTER 30 DAYS FROM DATE OF DOWNPAYMENT FOR RESELL **FIRST MONTHLY AMORTIZATION/FULL PAYMENT/DOWNPAYMENT IS DUE AFTER OPTION 2 : 10 - 10 - 80 30 DAYS FROM DATE OF RESERVATION OR END OF GRACE PERIOD OF BULK INVESTOR, WHICHEVER COMES FIRST. CONTRACT PRICE P 18,920,000.00 **FOR PAYMENT OPTIONS WITH DP, MONTHLY AMORTIZATION IS DUE AFTER 30 DAYS FROM DATE OF DOWNPAYMENT Less: 2% PDC Discount P 0.00 5. RESERVATION FEE OF THE UNIT OR THE INITIAL MONTHLY FEE IS NON- P 18,920,000.00 REFUNDABLE, IN CASE OF CANCELLATION OR WITHDRAWAL FROM THE BUYER. Less: 3% VIP Discount P 567,600.00 6. 2% PDC DISCOUNT MAY BE AVAILED PROVIDED THAT COMPLETE PDCs ARE SUBMITTED TO MEGAWORLD-FINANCE WITHIN 30 DAYS FROM DATE OF NET CONTRACT PRICE P 18,352,400.00 RESERVATION (PDC DISCOUNT IS APPLICABLE TO RETAIL BUYERS ONLY) 7. PDC & VIP DISCOUNTS ARE NOT APPLICABLE TO CASH TERM; PDC DISCOUNT SHALL BECOME NULL AND VOID IN CASE OF NON-CLEARING OF ANY ISSUED 10% Downpayment and Move-in P 1,835,240.00 CHECK. Less: Reservation Fee P 25,000.00 8. MISCELLANEOUS FEES ESTIMATED AT 5%-7% OF TCP DUE UPON TURNOVER. P 1,810,240.00 OTHER CHARGES SUCH AS REGISTRATION FEES FOR THE PROCESSING OF CCT AND INCIDENTAL EXPENSES FOR THE INSTALLATION OF UTILITIES ( e.g water and other fees ) ARE ON THE ACCOUNT OF THE BUYER AND ARE NOT INCLUDED IN THE 10% in 24 Months P 1,835,240.00 TOTAL CONTRACT PRICE. P 76,468.33 per month 9. TURNOVER DATES: MANHATTAN PARKVIEW TOWER 1 - 2 - 2012 + 12 MONTHS GRACE PERIOD MANHATTAN PARKVIEW TOWER 3 - 2013 + 12 MONTHS GRACE PERIOD 80% Balance on the 25th month P 14,681,920.00 MANHATTAN PARKWAY TOWER 1 - 3 - 2011 + 12 MONTHS GRACE PERIOD MANHATTAN HEIGHTS TOWER A - Q4 OF 2014 + 6-12 MONTHS GRACE PERIOD Thru Cash or Bank Financing MANHATTAN HEIGHTS TOWER B & D - 2015 + 6-12 MONTHS GRACE PERIOD MANHATTAN HEIGHTS TOWER C- 2017 + 6-12 MONTHS GRACE PERIOD OPTION 3: 5 - 10 - 5 - 80 MANHATTAN PLAZA TOWER 1 - JUNE 2018 + 6 MONTHS GRACE PERIOD 10. POST DATED CHECKS ARE REQUIRED
CONTRACT PRICE P 18,920,000.00
Less: 2% PDC Discount P 0.00 P 18,920,000.00 Less: 3% VIP Discount P 567,600.00 TO BE FILLED-OUT BY CLIENT (RETAIL AND RE-SELL)
NET CONTRACT PRICE P 18,352,400.00 CLIENT NAME
DATE OF RESERVATION March 1, 2021 5% Downpayment and Move-in P 917,620.00 PAYMENT OPTION OPTION 3: 5 - 10 - 5 - 80 Less: Reservation Fee P 25,000.00 SIGNATURE/DATE P 892,620.00 TO BE FILLED-OUT BY INTERNATIONAL PROPERTY AMBASSADOR IPA NAME Agent's Name 10% in 24 Months P 1,835,240.00 DATE PREPARED March 1, 2021 P 76,468.33 per month SIGNATURE TO BE FILLED-OUT BY MEGAWORLD INTERNATIONAL 5% Lumpsum on the 12th month P 917,620.00 1ST MA DUE DATE MWI-SIG 80% Balance on the 25th month P 14,681,920.00 MWI-SDG Thru Cash or Bank Financing //computation-template-Manhattan-RFO-16February2021