Giving you affordable Luxury of Living, An ultra-modern 7-storey residential condominium nestled inside the heart of metropolitan Cebu, Atelier Residences is the second residential project of MYVAN Properties and Development Inc. The condominium proudly features a high-scale elevator, roof deck for group gatherings, and spacious corridors to provide full accessibility and comfort. Each unit has an 18.65 square meter floor area fit for a studio type unit. With its modular feature, the unit may be expanded up to 55 square meters by combining 2-3 units, which can accommodate 1-2 bedrooms perfect for families. Each unit provides more than what your typical condominium offers, with its built-in cabinets, complete bathroom fixtures, kitchen countertop, exhaust fans for the kitchen and CR, cable and TV sockets, and balconies in each unit, to catch those last rays of the sun. Atelier condominium is very ideal residence for urban dwellers, students, young professionals and business alike. With its prime location, Atelier is a convenient yet very much affordable condominium, just a stone's throw away from Ayala Mall and CebuBusinessPark, and only a few minutes ride from IT Park, which houses the biggest call centers in the City. With the fast-rising demand for city land, the condominium indeed is a perfect abode in the metropolis, most especially for people who have too hectic schedules for the upkeep of a picket-fenced home. After being caught up in the hustle and bustle of the city, Atelier residences is a convenient, comfortable, and restful place to end your day
A new 14-storey Condo Residential Hotel will soon rise in F.Cabahug St. , MandaueCity. This modern type Residential-HotelBuilding is strategically located near SykesCallCenter. It is 5 to 10 minutes drive to SM City and AyalaBusinessCenter 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.
"MYVANCityscapeTower" 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 & MactanIsland.
An ideal destination to end your taxing day, MYVANCITYSCAPETOWER 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
MYVANCITYSCAPESTOWER “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.
Drift slowly down the impressive man-made Grand Canal, and contemplate the charming cafes across the water. Be serenaded by your gondolier as he steers the gondola beneath the RialtoBridge.
Located in FortBonifacio, TaguigCity. Very near the Airport, GlobalCity, Serendra & Market Market. A project of MEGAWORLD. They are also building THE VENETIAN MALL currently. It is almost finished.
Floor Plan 3 BR Unit G
Floor Plan 2 BR Unit A
Floor Plan 1BR Unit F & L
Floor Plan Studio Type B & H
Floor Plan Studio Type Unit E & K
Floor Plan Studio Type C,D,J & I
Location Map
IMPERIAL 5 STAR HOTEL SUITES AVAILABLE FOR INVESTMENT
PRICELISTFORBUILDING D
Description
Floor
Area (Sqm)
Net Price (Peso)
VAT
Total price
Front Side
8-9
76
9,941,417.00
1,192,970.00
11,134,387.00
6-7
76
9,694,921.00
1,163,391.00
10,858,312.00
3-5
76
9,448,426.00
1,133,811.00
10,582,237.00
Back Side
8-9
76
8,873,317.00
1,064,798.00
9,935,115.00
6-7
76
8,626,871.00
1,035,224.00
9,662,095.00
3-5
76
8,380,374.00
1,006,645.00
9,386,019.00
PAYMENT TERMS AND FINANCING SCHEME
Reservation Fee: Php100,000.00
SPOT CASH - Cash discount of 10% if paid within 30 days after reservation
- 10% of the Total Contract Price
30-70% SCHEME - 30% down payment (less reservation fee) and the balance of 70% payable in 7-month installments without interest
- Comes with 7% cash discount of total contract price
20-80% SCHEME 20% down payment (less reservation fee) and the balance of 80% payable in 12-month monthly installment without interest
- Comes with 3% cash discount of total contract price
- Maybe financed through in-house or bank
Features and Amenities
Elevated Entrance Court and Reception with Security Counter
Hotel, studio type and suite rooms
Condominium units
Pool Villas
Balcony for each unit
Water park / Waved Pool
Water Slides / Kiddie's Pool w/ Pirate Ship
AttractionRiver; Jungle route and Water Fountains
Outdoor ConcertPark
Landscaped Gardens and Walkways
Seaside Filipino Restaurant
Chinese Restaurant
Japanese Restaurant
Italian Restaurant
American / European Restaurant
Marine Sports Shop
Fitness Club
Spa and Massage Clinic
Medical and Derma Clinic
Grand Ballroom
Function Rooms
Karaoke Bar
Buffet & Cafe' Bar
Promenade Deck
BusinessCenter
Shopping Center
Coffee Lounge
Tennis Courts
MARINE - Zip along the crystal waters in a speedy jet ski. Hop on a yacht ala the Poseidon sub. Marvel at the underwater sights while snorkeling, yield to the cool sea breeze and the enchanting scenery during an island-hopping tour. Enjoy all these while under the care of an experienced crew with safety as a top priority.
Indulge in marine sports to complement your active lifestyle. From a leisurely swim to deep-sea scuba diving, the thrills of the aquatic world are just too numerous to mention and too beautiful to describe. After all, anyone can see the marvels on the dry land but just how many have witnessed the wondrous marine sights of the underworld?
SPA - We offer expert skin treatments, Jacuzzi facilities, and other amenities, all with a soothing personal touch that highlights the very essence of our rich Asian culture. We provide optimum wellness in a well-nest for our valued clientele.
MASSAGE - Our windows in the massage rooms overlook the tantalizing beachfront. We utilize a relaxing fusion of the Filipino "hilot" and in-house massage techniques for maximum guest contentment.
BEAUTY SALOON - Our dermatology vanguard, Lee Ji Ham, Dermatology Medicare, provides expert medical and skin care consultation and treatments as gathered from many years of experience and up-to-date equipment.
ARCHITECTURAL
Water park, Resort & Spa development
Concrete Facade with Stone Cladding
PVC Framed Glass Doors & windows for bedrooms
8 passenger elevator for 6 mid-rise buildings, 2 Passenger elevators per building
4 service elevator for 6 buildings
Fire Exits
Water feature at main entrance
Landscaped parks and walkway
INVESTMENT 5-star hotel suites available for investment
What could be more perfect than owning a vacation home and receiving rental income whenever you aren't using it? Not only that a vacation home with the amenities of a 5-star hotel in the summer capital of the Philippines.
Unit owners join the rental program where the international hotel management team run the project as a world class hotel, steady income based on the size of their unit regardless of whether said unit was leased or not. This is because the hotel management will pool together the total income of the entire hotel and distribute this to unit owners net of any expense.
RETURNS AND PRIVILEGES
Aside from being the registered owners of a 5-star unit in Imperial Palace Hotel, investors are entitled to numerous other perks and benefits that are incomparable to other developments.
What do investor / buyer enjoy?
For the purchase of a condotel unit, buyer will be issued a Condominium Certificate of Title of the unit purchased in his name or assignee.
15 or 60 days use of the unit at any time of the year with a minimal maintenance fee per day (subject to room availability).
Use of resort water park facilities, fitness club and kids land
20-40% discount on food and beverage and marine facilities
Discounts on Spa, Massage and Beauty Salon.
What is the payback for the investment?
Phil-BXT Corp. has designated the Imperial Palace Hotel Group as the international management company for the operation of the hotel.
Unit owners will then lease back their units to Phil-BXT/Imperial Palace to be pooled, operated and marketed by the management company.
When is the return payable?
Investor / owner is guaranteed a return of 10% or 8% of their invested amount for up to 3 years. Payment commences one year after date of full payment of condotel unit.
In the 4th year onwards, investors have a pro-rata share of the total room revenue less management fee, operating cost and management incentive share.
Frequently asked questions:
1.) In a nutshell, describe the essence of the condotel concept?
Condotels are usually large, high rise, luxury hotels operated by big names in the hotel industry such as; Trump, Hilton, Regent International. Four Seasons, Ritz Calton, Bulgari and Le Meridien. Condo-Hotels have condominiums that are sold to individual investors who may use their unit as a vacation home whenever they like. When they are not using their unit, owners have the option of placing it into an organized rental program. Rental revenue which is shared with the operators, helps defray the owner's expenses.
2.) What are the benefits to the condotel buyer/owner?
Owners have a luxurious vacation home in a premier location at their disposal.
Owners who choose to place their condotel unit in the property's rental program receive revenue which helps the expenses of ownership. Most condotels offer hassle-free vacation home ownership. The on-site management company takes care of all upkeep, maintenance and interaction with renters.
Owners of condotel units have the right to resell the unit at any time. They keep any profits derived from the appreciation. Thus, condotels combine vacation home ownership with investment potential.
3.) What is the role of the Condotel Operator?
The operator of the rental program, in exchange for a share of the revenue, markets the units as a hotel, takes reservations, operates the front desk, maintains the property and provides the services hotel guests expect, such as housekeeping, food, and beverage, and concierge.
4.) Describe the typical arrangement between the condo hotel buyer and the hotelmanagement company?
Some of the items spelled out in a typical owner agreement include
The amount of revenue the condotel owner will receive
The amount of revenue the hotel management company will receive
Typical deductions before each of the parties receives their share, including money for a furniture, fixture and equipment reserve
The financial responsibilities of the condotel owner, which usually include the real estate taxes, insurance, capital improvements and debt service.
The financial responsibilities of the condo hotel management company, which usually include operational expenses like housekeeping, maintenance, front office, administrative and marketing.
A rental program agreement which outlines the number of days per year and requirements notice for owners regarding use of their condotel units.
5.) Can condotel owners rent their units themselves and keep most or all of the revenue?
·In most condotel properties, they can, but doing so defeats one of the prime benefits of condotel which is hassle-free ownership. Most owners prefer to have the onsite professional management company find and handle renters. In additional, owners of condotel are likely to receive a higher level of rental income by participating in the property's rental program which is administered by a recognized professional operator that can capitalize on the hotel's global affiliation, its brand name, its sophisticated reservation system and management expertise.
6.) What are the keys to a successful acquisition of condotel?
·The essential ingredients to a successful ownership of condotel include the following: good location, an attractive amenity package, a respected developer, a strong brand and good management.
7.) Are developers willing to guarantee the rental of the condotel units when not in use by the owners?
·No, they are not. Developers are aware that potential security law issues can arise out of the sale of condotel units. In order to avoid coming under the scrutiny of any national or local government investment rulings, developers refrain from setting rental revenue expectations from prospective buyers. Instead, the developer's emphasis is the condotel marketing materials and sales presentations is always on the real estate itself. Generally, it is best to consider a condotel unit purchase to be similar to the purchase of a second home or vacation house. Construct a beautiful building in a good location and there would be an appreciation of the investment over the years. As icing on the cake, owners who choose to participate in the rental program can receive income from its rental to help defray ownership costs.
8.) Where are condotels located?
·Condo-Hotels are typically located in highly desirable areas, often near the ocean, theme parks, golf courses, or in major cities.
9.) Are all condotels newly built?
·There is a mix of condotels that are newly built from the ground up and those that were originally hotels and have been upgraded and converted into condotels. Because land in prime locations is so limited and costly, it is possible that condotels conversions will eventually outpace new construction of condotels.
10.) Does it cost extra to purchase a condotel using a real estate broker?
·No. The price is the same whether you use a Realtor or go direct to the property. The seller (developer) pays all Realtor costs in the form of a commission. In those cases which no Realtor is involved, the developer either keeps the additional revenue or pays a percentage of it to the property's in-house sales staff.
11.) Where are most condotel buyers coming from?
·Buyers are coming from all over the world. For us Filipinos, we have OCW/OFW as our target market. They like the idea of owning a hazzle -free vacation home in a prime location in the Philippines that can generate revenue when they are not using it and is likely to appreciate in value over time.
12.) Is financing available for purchasing condotel units?
·Financing for condotel units is not difficult to find. Most banks now are familiar with condotels and recognize them as viable real estate investments. Often the condotel developer itself or the real estate broker can recommend reputable lenders.
Two unique investment opportunities in the central business district of Cebu. Condotel investment units – be a hotelier without the hassle. Take part in Cebu’s booming hotel industry without the hassle as your condotel (condo + hotel) unit earns while you’re away. High-end residential condo units – experience luxury living in the highest tower in the area complete with hotel amenities and services.
Project Size
4,200 sqm (land area)
Community Size
2nd to 3rd floors commercial BPO units for lease 112 residential condo units 432 condotel units
Amenities
Adult and kiddie pools
Landscaped garden
Function rooms
Business center
Coffee shops/restaurant
Accessibility
Grand Cenia is strategically located along Arch. Reyes Ave. right across the Cebu Business Park
Product Offering
Residential
1-bedroom unit Floor Area: 50.52 sqm Price starts at: Php 5.494M and above
2-bedroom unit Floor Area: 76.14 sqm Price starts at: Php 7.962M and above
3-bedroom unit Floor Area: 107.37 sqm Price starts at: Php 11.333M and above
Condotel
Studio Floor Area: 24.54 sqm Price starts at: Php 3.064 M and above
Financing Schemes
Spot Cash
Deferred Cash
In-house Financing
Residential Floor Plans for 3BR 3-bedroom unit Floor Area: 107.37 sqm Price starts at: Php 11.333M and above
Residential Condominium Unit Floor Plans for 2BR 2-bedroom unit Floor Area: 76.14 sqm Price starts at: Php 7.962M and above
Location Map
