2 BHK at Illumina Residences

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ILLUMINA RESIDENCES MANILA
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Move up in life with Illumina Residences DMCI Manila.

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WHY INVEST AT ILLUMINA RESIDENCES MANILA?
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* Its unique T- Shaped design allows for single loaded corridors. Units are on one side of the floor for privacy.
* Natural light and ventilation are provided by the building's breezeways.
* Master-planned for space and landscaping, it is strategically located in Sta. Mesa, Manila and is near educational and medical institutions as well as commercial and office establishments.

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BUILDING FEATURES
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* Grand drop-off
* Landscaped atriums every five floors
* Reception lobby
* Three high-speed elevators
* Three-level basement parking
* CCTV
* 24-Hour Security
* Single-loaded corridors
* Balconies in all units
* Perimeter wall with security fencing
* Wi-fi equipped amenities area
* Provisions for CATV and phone lines
* Overhead water tank

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UNIT FEATURES
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* Balcony
* Toilet and bath
* Dining and kitchen

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AMENITIES AND FACILITIES
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* Lounge Area
* Lap Pool
* Kiddie Pool
* Pool Deck
* Shower Area
* Landscaped Gardens
* View Deck
* Entertainment Room
* Function Hall
* Fitness Gym
* Sky Lounge
* Landscaped Atriums

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PAYMENT TERMS
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Note:
Down payment : DP
Bank Finance : BF

20% minimum down payment payable over construction period with a reservation fee of PHP 20,000

Option 1:
100% cash payment in the list price with 10% discount.

Option 2:
20 - 80 (5% discount)
20% spot down payment in the list price
80% remaining balance through cash or bank finance

Option 3:
30 -70 (6% discount in the list price)
30% spot down payment in the list price
70% remaining balance through cash or bank finance

Option 4:
40 - 60 (7% discount in the list price)
40% spot down payment in the list price
60% remaining balance through cash or bank finance

Option 5:
50 - 50 (7% discount in the list price)
50% spot down payment in the list price
50% remaining balance through cash or bank finance

Additional 2% discount (PDC) can be availed provided complete documents are submitted within 30 days from reservation date.

Closing Fee Options :
Scheme 1 :Cash payment : 3.6% of the TCP
Scheme 2 :Down payment period : 4% of theTCP
Scheme 3 :One time payment on RFO date : 4.5% of the TCP

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SAMPLE COMPUTATION
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Unit: 2904
Unit Area: 48 sqm
Balcony: 9 sqm
Service Area: 4 sqm
Total: 61 sqm
List Price: PHP 4,095,000

Based on Option 1:
100% cash payment in the list price with 10% discount.

Less 10% discount: PHP 409,500
Net List Price : PHP 3,685,500
Less 2% discount (PDC) : PHP 73,710
Total Contract Price : PHP 3,611,790

With closing fee computation:

Scheme 1 : Cash payment - 3.6% of the TCP

Total Contract Price : PHP 3,611,790
3.6% : PHP 130,024.44

Less reservation fee : PHP 20,000
Total Cash Payable: PHP 3,721,814.44

Based on Option 2:

Less 5% discount : PHP 204,750
Net List Price : PHP 3,890,250
Less 2% discount (PDC) : PHP 77,805
Total Contract Price : PHP 3,812,445

With closing fee computation:

Scheme 2 : Down payment options - 3.6% of the TCP

Total Contract Price : PHP 3,812,445
3.6% : PHP 137,248.02

20% down payment of contract price : PHP 762,489
Less Reservation Fee : -PHP 20,000
Spot 20% DP of contract price (Net of Reservation Fee): PHP 742,489

Total spot down payment with closing fee: PHP 879.737.02

80% remaining balance : PHP 3,049,956

Monthly amortization, Interest rate at 10% per annum is for illustration purposes only actual rate to be based on bank prevailing rate

Monthly amortization based on 5 years : PHP 61,843.32
Monthly amortization based on 10 years : PHP 38,464.84
Monthly amortization based on 15 years : PHP 31,278.31
Monthly amortization based on 30 years : PHP 25,543.30

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INVESTMENT PACKAGE
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* Studio Unit with balcony : (28.50sqm) PHP 1,787,000
* 2 BR inner unit with balcony and service area : (60.50 sqm) PHP 3,433,000
* 3 BR end unit with balcony and service area : (86.50 sqm) PHP 4,926,000

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DISCOUNTS & PROMOS
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Free Interior Design
Need a decorating inspiration? Don’t worry, we’ve got you covered. When you buy your dream home, we offer you a free interior design service that reflects you and your style. Because when you deal with us, there’s no right or wrong way to do it – just your way.

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PROJECT WEBSITE
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http://www.illuminaresidences.com

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CONTACT US
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Smart: (+63) 908-812-3890
Globe: (+63) 917-797-5283
Landline: (+63) 2-531-5670

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WHY CHOOSE PHREALTY.COM?
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We are a SEC registered company and PRC licensed brokerage firm accredited by over 75 top property developers in the Philippines. We thrive on helping our clients transcend the buying/selling process and giving them the opportunity to achieve their goals with as little stress and risk as possible. Our real estate pros – who have a level of expertise unparalleled in the industry, will personally guide you through the entire buying process from beginning to end: finding your home, negotiating your contract, and signing documents.