2 BHK at Outlook Ridge Residences

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OUTLOOK RIDGE RESIDENCES IN BAGUIO CITY
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Truly an ideal and exquisite place to live, DMCI Homes is building Outlook Ridge Residences to give Filipino families the dream home they've worked hard for. Snugly lounging along Outlook Drive in Baguio City, the summer capital of the Philippines, is a prime land that is being carved into the perfect place for Filipino families to nourish their dreams. Set high above the city with an exquisite view of the bustling city, Outlook Ridge Residences stands ready to invite Filipinos to the home they have long wished for, a haven where residents can come home every day to cool air, verdant surroundings and the quiet sanctuary the city offers.

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WHY INVEST IN OUTLOOK RIDGE RESIDENCES?
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* High level of craftmanship
* Genuine resort-inspired daily living
* Refreshing resort-inspired amenities
* Recreational Facilities
* The essence of resort living and relaxation

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BUILDING FEATURES
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* Medium-Rise development
* Modern Asian Architectural Theme
* Single-loaded corridors
* Garden Atrium with Fire Place
* Scenic Elevator
* Electrified Perimeter fence around the whole development
* Fire alarm system
* Automatic fire sprinkler and suppression system
* Fire exits at both wings
* Fire hose cabinets along corridors
* 100% back-up power
* Individual mailboxes / Mail area
* CCTV in common areas
* Wi-Fi ready indoor amenity area
* Laundry Station
* Water Station

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UNIT FEATURES
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* Balconies in some units
* Spacious Units
* Provision for individually metered utility
* Cable Connection

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AMENITIES AND FACILITIES
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* Arrival Court
* Lap Pool
* Sky park/Roof Deck
* Gazebo/Cabana
* Shower Area
* Landscaped Gardens
* Landscaped Atrium
* Sky Lounge
* Entertainment Room
* Game room
* Hotel like Lobby

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PAYMENT TERMS
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NOTE :
DP - Down Payment
BF - Bank Financing

Reservation fee: PHP 20,000

Option 1: ( Spot Cash )
- Spot Cash with 10% Discount

Option 2: 15 - 85 ( 4.5% Discount on DP )
- 15% DP with 4.5% discount
- 85% Turn Over Balance Payable Thru In- House or BF

Option 3: 20 - 80 ( 5% Discount on DP )
- 20% DP with 5% Discount on DP
- 80% Turn Over Balance Payable thru In- House or BF

Option 4: 30 70 ( 6% Discount )
- 30% Down Payment with 6% discount on DP
- 70% Turn Over Balance Payable thru In- House or BF

Option 5: 40 - 60 ( 7% Discount )
- 40% DP with 7% discount DP
- 60% Turn Over Balance Payable Thru In- House or BF

Option 6: 50 - 50 ( 7% Discount)
- 50% DP with 7% discount on DP
- 50% Turn over Balance Payable thru In - House or BF

Closing Fee Options :
Scheme 1 :Cash payment : 9.6% of the TCP
Scheme 2 :Down payment period : 10% of theTCP
Scheme 3 :One time payment on RFO date : 10.5% of the TCP

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SAMPLE COMPUTATION
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List Price: PHP 4,637,000
Unit: 2 Bedroom with Balcony
Unit Number: 407
Unit Area: 45 sqm
Balcony: 8.50 sqm
Total Area: 53.50 sqm

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

Less 10% discount: PHP 463,700
Net List Price : PHP 4,173,300
Less 2% discount (PDC) : PHP 83,466
Total Contract Price : PHP 4,089,834

With closing fee computation:

Scheme 1 : Cash payment - 9.6% of the TCP

Total Contract Price : 4,089,834
9.6% : PHP 392,624.06

Less reservation fee : PHP 20,000
Total Cash Payable: PHP 4,462,458.06

Based on Option 2:

Less 4.5% discount : PHP 208,665
Net List Price : PHP 4,428,335
Less 2% discount (PDC) : PHP 88,566.70
Total Contract Price : PHP 4,339,768.30

With closing fee computation:

Scheme 2 : Down payment options - 10% of the TCP

Total Contract Price : 4,339,768.30
10% : PHP 433,976.83
Monthly Amortization: PHP 25,528.05

15% down payment of contract price : PHP 650,965.25
Less Reservation Fee : -PHP 20,000
15% DP of contract price (Net of Reservation Fee): PHP 630,965.25
Monthly Amortization until RFO: PHP 37,115.60

Total monthly down payment with closing fee: PHP 62,643.65

85% remaining balance : PHP 3,688,803.06

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 76,381.70
Monthly amortization based on 10 years : PHP 45,814.74
Monthly amortization based on 15 years : PHP 38,631.34
Monthly amortization based on 30 years : PHP 31,548.11

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INVESTMENT PACKAGE
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2 Bedroom Unit A with out Balcony = 45 Sqm = Approx. PHP 3.2M

2 Bedroom Unit A with Balcony = Approx 45 Sqm - 53.50 Sqm = Approx. PHP 4.2M - PHP 4.3M

2 Bedroom Unit B with Balcony = Approx. 60 Sqm - 73.50 Sqm = PHP 5M - PHP 5.3M

2 Bedroom Unit C with Balcony = Approx. 51.50 Sqm - 64.50 Sqm = PHP 4.4M

2 Bedroom Unit D with Balcony = Approx. 54.50 Sqm - 67.50 Sqm = PHP 4.9M

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DISCOUNTS & PROMOS
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2% discount can be availed provided complete complete documents are submitted within 30 days from reservation date.
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 reflect 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.outlookridgebaguio.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.