LeGrand Heights is a subdivision project of Castille Resources Realty Development Inc which is located in Barangay Tawason, Mandaue City, Cebu accessible from H. Abellana St or from Gov. Cuenco Avenue. This subdivision project composed of lots only and houses with lot at modest prices. The total project area is 2.9 hectares covering only 115 lots. The lot only size range from 120 square meters to 232 square meters while house and lot range from 72 square meters to 117 square meters.
The LeGrand Heights Project Features and Amenities:
The subdivision boast a landscaped entrance, multi-purpose hall, children’s playground, jogging trails, landscaped pocket gardens, tree-lined roads, perimeter fence and street lightning. Complete facilities are provided like drainage, water supply, power supply, telephone and CATV connection.
LeGrand Heights edge is it’s contemporary themed subdivision away from crowded city where there is still fresh air and awesome view of the city since this is situated at the hills of Mandaue. It’s easy access to the necessities of living in the city makes this a perfect gateway to and from work. It is an ideal environment for family who has a student in Cebu International School, Sacred Heart School Ateneo de Cebu or even in University of San Carlos Talamban Campus.
LeGrand House Models
There are only 2 model units: Lilly and Lulu Units. They are mostly the same: 2-storey townhouse type, 3 bedroom with 2 car park house and 3 toilet & bath except that Lilly the outer unit has 92 square meter floor area while Lulu the inner unit has only 85 square meter floor area. It also differs in lot area depending on the lot number where block number they belong.
LeGrand Pricing Scheme and Payment Terms
The price of house and lot differs when lot area is concern and the model type. So in this example I will quote a sample unit: Lulu model with lot area of 78 square meters and floor area of 85 square meters. This particular house and lot is located in Block #1 lot 25 in the actual pricelist with sample computation of payment terms.
The total contract price (TCP) is P 2,491,377. The miscellaneous expenses is P 373,707. The total amount which includes the miscellaneous expenses is P 2,865,084. When you decide to get a house and lot, the reservation fee is P 20,000 pesos which form part of the total amount and is deducted from the total when computing the monthly equity and amortization. If you pay spot cash, there’s a 5% discount which is payable in 30 days from date of reservation. So 5% of total amount = P 2,701,829. This amount will be paid in full within 30 days to avail the 5% discount. From this option, you saved P 163,255 if you choose spot cash.
If you decide to go straight monthly in 24 months, or often called deferred payment scheme, there’s no down-payment and there’s no interest either. The sum from the total amount deducted from the reservation fee will be divided into 24 equal months to arrive the P 118,545 monthly deferred payment for 24 months. On the 25th month, you’ve fully paid your house and lot and escaped the compounded interest ‘hell’. That is if you choose the deferred payment scheme.
Now, like most of us who doesn’t have plenty of cash to pay spot cash, it’s a practical reason reason why we settle for bank financing or PAG-IBIG financing. But take heart, it’s not the end of the world– there’s hope so stick to interest rate first and if by luck or struck of luck that you happen to take a bet and win a lottery, you certainly be able to pay in full and live happily after.
Or so we thought. How much is the equity? You ask.
Equity is 20% of the Total Amount: P 2,865,084 (20%) = P 573,016.80. If you plan to pay spot equity payment, meaning you pay in full within 7 days from reservation date, there’s a 5% discount: P 573,016.80(5%) =P 544,365.96 you save P 28,650.84 if you go spot equity payment. You pay P 524,366 since you already paid reservation of P 20,000 pesos. If you decide to stretch the equity into a monthly installment, there’s no more discount and only for 18 months period. That’s 30,723 per month for 18 months. The 80% balance which is loan-able through bank financing which is P 2,292,067 (P 2,865,084 x 80%) when you decide 10 years to pay- that’s P 28,757 monthly with 8.7% interest and P 22,942 per month with 10% interest.
Now that you learn the payment scheme and the ways how to save through discount, it’s time to decide if house and lot is for you and you can afford the monthly installment. When deciding to buy a house for our family, it’s best to make sure you learn all the information and details before jumping into huge decision such as acquiring a home. You must seek professional help from a real estate broker who will guide you and give you service and quality recommendation as to how, where and what to do before you decide if LeGrand Heights is for you. Don’t go straight to a developer, they can’t help you instead go to a real estate broker or accredited sales person who is knowledgeable that can guide you and assist you. In fact it’s a must that you have them at your side since whether you go to the developer or not the price is the same, the only difference is the service provided. They are provided to you as part of acquiring a property.
LeGrand Heights is one of the recommended subdivision within Mandaue City, with the class in mind and within reach for people who wants security, tranquility and awesome location and that is only found in the hills of Barangay Tawason, Mandaue City — The LeGrand Heights.
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