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Tuesday, April 6, 2010

Cityscapes Tower

A new 14-storey Condo Residential Hotel will soon rise in F.Cabahug St. , Mandaue City. This modern type Residential- Hotel Building is strategically located near Sykes Call Center. It is 5 to 10 minutes drive to SM City and Ayala Business Center and just minutes away from schools, medical centers, shopping malls, golf courses, hotels and much more. A major access road from Cebu to Mandaue and Vice Versa.

"MYVAN Cityscape Tower" is the third project of MYVAN Properties and Development Inc.

The residences of MYVAN Cityscape will be greeted by a Grand Hotel Lobby. The 2nd floor houses the MYVAN Corporate office¸ 3rd ­ 9th floor is for the Condotel Units¸ and 10th ­ 16th floor is the residential units. The roof deck includes swimming pool¸ function room, and viewing deck with 360degree panoramic view to Cebu, Mandaue & Mactan Island.

An ideal destination to end your taxing day, MYVAN CITYSCAPE TOWER gives you the full comfort of luxurious yet practical living¸ with its bar and restaurant, coffee shop and many more located at its ground floor level. It surely is the welcoming atmosphere you crave after the long day at work. Just like any individual who experiences the daily demands of the city life¸ capping your day with a drink and a flavorful of aromatic dishes is a start of the daily relaxation you deserve. Before ending your day¸ make a beeline for the pool and let the warm water drain those tired muscles away. And after¸ take solace at your one or two-bedroom sanctuary where you can capture the nightlights from your big glass windows. A perfect place to make your every day end right.

Condo-hotel start from 3rd to 9th floor, selling price range from 1.5M to 1.9M

Condo Residences start from 10th - 16floor, selling price range from 1.2M to 1.5M

BUILDING FEATURES:

Hotel Lobby and Reception Area

Two elevator units

Indoor parking

Roof deck (swimming pool, function room, viewing deck)

Fire alarm and sprinkler system

CCTV system

Commercial area(for Lease) Cafeteria, Laundry Service, Internet Café



MYVAN CITYSCAPES TOWER “Condotel and Residences”

TCP: 1,553,090 (1 unit)

RF: 20,000

20% DP: (310,618-20,000RF) = 290,618

290,618 ÷ 18 months (Payable in 18months No Interest)

PHP 16,145.45/mo. (18months)

80% Bal: PHP 1,242,472

ACTIVE INVESTMENT “Buy-Hold-Sell” (150% ROI)

TCP: 1,553,090

2,019,017 (30% Conservative Price Appreciation during 18months development period)

Less: 1,242,472 (80% Balance from the developer)

776,545 (New Buyer Equity)

Less: 310,618 (20% 1st buyer DP)

Profit: 465,927 (150% ROI in just 18months)

PASSIVE INVESTMENT Condo-Hotel Rental Pool

Income Distribution:

Approximately 60% of the Gross Rental Income is deducted to cover the cost of operations of the Condotel Operation. The Balance of 40% of the Gross Rental Income is then divided equally among the number of Square Meters in the Rental Pool per Square Meter. Each unit owner in the pool will earn the same amount per square meter, regardless of actual unit usage.



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