Limited House and lot and few lots only in Mahogany Residences
Mahogany Residences is located in Tilha-ong, Consolacion, Cebu with only 1.4Km from SM City Consolacion only 3 minutes ride by motorized vehicles. Is near Monte Verde de Cebu Subdivision. The Mahogany Residences subdivision has only less than 6 house and lots for sale and less than 50 lots only. The good thing is that when you choose lot only you can start building your house once you paid 50% of the total price.
By the way, the price now is at 7,500 pesos per sqm and lot sizes varies ranging from 33 square meters to 71 square meters. So for 33 sqm lot area multiply by 7,500 per sqm the total price is 247,500. If you plan to pay 50%, that’s 123,750 pesos you can start building your house and the balance is payable in 5 years or 60 equal months, with zero interest. That’s 2,062 per month. Once you fully paid, you will have the title of your lot. However, if you decide to go straight monthly payment and wait until you accumulated 50% of the total amount paid, your monthly intallment in 60 months (5 years) after deducting the reservation will be 3,958/mo. (247,500 -10,000 = 237,500/60 = 3,958)
That’s for 33 square meter lot area. The amount monthly will vary if you choose bigger lots. Below is the summary for different lot areas (after deducting reservation fee):
35 sqm = 4,208/month
40 sqm = 4,833/month
59 sqm = 7,208/month
71 sqm = 8,708/month
For house and lot, the total price is 700,000 pesos. If you pay 50% upfront, the developer will build your house and move in to your new home this year. The balance is again payable in 5 years but this time with 10% interest per annum.
Mahogany Residences Photos (as of January 7, 2016)
Entrance Gate / GuardHouse
Concrete Main Road (4 meter’s wide)
UnderGround Drainage System
Water Line System
Power Line System
If you want to build your house this year 2016, then Mahogany Residences is your best choice. If you plan to pay in full because you wanted to get title, then the developer will process the your transfer of title within 6 months. You, the buyer will shoulder the transfer fee more of less 20,000 pesos.
If you wish to view the site and get a reservation as soon as possible, then please contact:
Real Estate Broker
P.S. Subdivision Map (updated as of January 7, 2016). Please note after this date, there maybe more sold units faster than you finish this article, so please contact the number above in case the lot you wanted may be already taken.