MARIA LUISA ESTATE PARK
FACT SHEET
The Maria Luisa Park development is designed to epitomize Cebu Lifestyle at its BEST. The lots were designed to maximize the city, mountain and valley views as well as the building potential of every property. Privacy and security are priorities. Ideally located in Banilad, Cebu City. It is the only remaining high-end quality subdivision that can boast of proximity to the heart of the city where home is a mere 5 -10 minute drive away from work, school and malls. Once you live in Maria Luisa Estate Park, you wouldn't want to live anywhere else.
| 1. How big is the
development? |
| Maria Luisa Estate Park is a 200-hectare fully developed
project. The last phases for sale are broken down to the following: |
| Phase 8 - 22
hectares |
| Phase 9 - 39 hectares |
| Phase 10 - 12
hectares |
Phase 11- 4.6
hectares
|
Located in Banilad, Cebu
City bordered by the Busay and Talamban Hills.
|
| 3. Where
are the access points to the subdivision? |
Main access is thru
Banilad. The 2nd access is thru Nivel Hills, Busay that is
just 5 minutes away from JY square, Lahug.
|
| 4. What
are'the lot sizes? |
| Phase 8 - 230-1,383 square meters |
| Phase 9 - 342-1,959 square meters |
| Phase 10 - 520-1,467 square meters |
Phase 11- 700-1,515 square meters
|
| 5. How much is the investment per square meter? |
Maria Luisa Park lots start from as low as Php3, 500 per square
meter up to Php 10,000 per square meter for the
super prime lots.
|
| 6. How long will it take to reach the new phases? |
The
develpoment is less than 10 minutes away from
Cebu's business district.
|
From Banilad Gate to Phase
8 - 5 minutes
Phase 9 - 6 minutes
Phase 10 - 4 minutes
Phase 11 - minutes
From busay Gate to Phase
8 - 8 minutes
Phase 9 - immediately upon entering
Phase 10 - 6 minutes
Phase 11 - 9 minutes
|
| 7. How
far is the project from shopping malls and airport? |
| With the
Banilad Access, Country Mall is only a
2-minute drive away. |
| With
the Busay Access JY Square Mall is
only a 5-minute drive away. |
Airport is 12 kilometers away. Pier is 7
kilometers away.
|
| 8. What are the existing amenities? |
Park, Basketball Court and Clubhouse in Phase 2 |
Imported American Playground in Phase 8 (Swings/Slides/Monkey
Bar/Seesaw |
Emerald Lake Valley (1.6
hectare park) in Phase 6 where you can
enjoy beautifully landscaped picnic
grounds, bicycle and jogging path,
fully stocked fishing grounds.
|
| 9. What other amenities can be
expected? |
Highland Park at Maria Luisa is a half-hectare project with
the most magnificent view of Cebu!
This park will have a beautiful
and scenic Miles Long Jogging
Path, World-Class Children's Play
Ground and Picnic Areas. All these
will be designed by world-renowned
landscape architect M& Shirley
Sanders (her projects include the
Mactan Shangri-La, The Palace
Garden of the Sheik of Dubai,
Intercontinental Hotel of Manila
and Bohol Beach Club). This will
be located at the top of Phase 9,
close to the Busay Gate entrance
and will be completed by last
quarter of this year |
Basketball and Tennis facilities
plus a Playground will also be completed this 2004.
This will be located in Phase 9
valley and will be designed by top
Cebu architect, Architect Ed
Gallego
|
| 10. Maria
Luisa Park is big, how can homeowners be
assured of their safety
and security |
Security is
a priority in Maria Luisa Park. Besides the tight security at each entrance
gate, we have 5 guards outposts
stragegically and visibly located all over
the subdivision. Security guards at these
outposts are tasked to roam around their
respective areas every 2 hours. Phases 9 and
11 have their own-gated entrances with
guards. All these are provided to ensure the
security of homeowners. |
TECHNICAL
| 1. What about the water system? Is there
sufficient water supply? |
Maria Luisa Park has
abundant water source with 5 deep wells and 9 water tanks,
the biggest of which has a capacity to store 51,000
gallons of water. Stand-by generators are provided to pump
water during brownouts to ensure continuous supply. It is
more than enough to supply all the residents of Maria
Luisa Park.
|
| 2. What is the
highest elevation in the subdivision? |
| The highest subdivision is 2.30 meters above mean sea level. |
| 3. Are utilities like telephone,
cable and electricity already in place? |
Electricity are
ready for homeowner's to tap, this is provided for
by VECO. |
Telephone and
internet DSL connections provided for by
Globelines and PLDT. Skycable provides for Cable
connections. |
| 4. Is there a
required minimum value of houses to be built? |
| Houses to
be built should not cost less that 2 Millions
pesos.
|
| 5. What
is the minimum building height allowed and
what are the easement requirements? |
Houses
can be built up to 20 feet from the
highest point of property. This is to
allow each home to have the
best-unobstructed views of the city,
mountains and valleys. Setbacks are 3
meters at the front and easements are 2
meters on the sides and the back. |
Some
valley lots in Phases 8 & 9 can enjoy
height allowances of up to 28 feet high. |
Please
ask for a copy of the Deed of Restrictions
for detailed information on building
regulations. |
FINANCING
| 2. Is there a
discount for cash payment? |
Yes, we have a 10% discount for cash
payments due to 30 days after reservation |
For 30% downpayment, there is 5%
discount on the 30% down payment.
|
| 3. What financing schemes do you
have? |
We have
flexible payment schemes that make it easy for our
clients to own a property in Maria Luisa Estate
Park.
There are all In-House Financing
and will require ONLY Postdated Checks
Extended Cash - After the
reservation, Balance is payable in 24 MONTHS with
NO INTEREST
NO DOWNPAYMENTS - After the
reservation, No downpayment is required, Balance
is payable in 3 years and 5 years at 13% & 18% per
annum interest respectively.
DISCOUNTED DOWNPAYMENT- A 5% discount will be applied on
the 30% downpayment. The 70% Balance can be
payable in: 24 months No interest Or 3 and 5 years
at 13% 18% interest per annum respectively.
|
| 4. Can I
choose any bank to service my financing? |
We have
accreditation arrangements with BPI, Metro
Bank, PS Bank and City Savings Bank. |
DOCUMENTATION
| 1. Do all your lots have
clean Titles? |
Yes, We don't sell
lots that aren't titled. And we guarantee that all our
titles are free from liens and encumbrances.
|
| 2. How long will
processing of individual titles take? |
| With complete documents and full
payment, it will take approximately 2-3 months to
transfer titles to the buyer's name.
|
| 3. When can I build my home in Maria
Luisa Park? |
Full payment is
required before you can start building your home.
|
| 4. How much
are the Homeowner's dues? |
| For Lots
owners = 30 centavos x area |
| For House &
Lot owners = 60 centavos x area |
| Plus Php
280/month garbage disposal system |
|
|
