Ridge Crest is a prime residential
subdivision located right beside SM Molino in Bacoor, Cavite, that offers
American-inspired homes and promises a haven for homeowners through its
recreational amenities where residents can rest, relax and revitalize after
a long day’s work.
The house model is an 80-square meter unit on a 110-square meter lot, with
four bedrooms, three toilets and bath, a living and dining area, a kitchen,
a multi-purpose area, a service area, a balcony and a carport .
From an initial area of about six hectares comprised of around 387 housing
units, the project is now being expanded in response to the increased market
demand for its product offering which is priced at less then two million
pesos.
Given the project’s design, location, facilities, land development, and
elegant housing units, Ridge Crest can rightfully claim to being a place
where homeowners can elevate their quality of life and live the lifestyle
they have always dreamed of.
Amenities and Facilities
Clubhouse
Swimming Pool
Multi-Purpose Court
Park/Children’s Playground
Jogging Path
Elevated Water Tank
24-Hour Security
SAMPLE COMPUTATION FOR RIDGE CREST - THE MADISON HOUSE MODEL
IN-HOUSE FINANCING SCHEME (INNER LOT)
PRICE STARTS AT PHP 2,100,000.00 AND UP
Typical Selling
Price
Php
2,100,000.00
Legal &
Miscellaneous Fee
Php
94,500.00
Total Contract Price
Php
2,194,500.00
Loanable Amount
Php
1,680,000.00
DP/Equity
Payment
Php
514,500.00
Less:
Reservation Fee
Php
30,000.00
Net Equity
Php
484,500.00
Monthly Equity Payment
- Payable within 12 mos.
Php
40,375.00
Monthly Amortization
(Excluding MRI/Fire)
6 years to pay
with 18% interest
Php
38,317.09
10 years to pay
with 21% interest
Php
33,588.52
CASH PAYMENT SCHEME (INNER LOT)
(Legal & Miscellaneous Fees and Reservation Fee not included in the
computation of the discount)
PRICE STARTS AT PHP 2,100,000.00 AND UP
Typical Selling
Price
Php
2,100,000.00
Less:
Reservation Fee
Php
20,000.00
Selling Price
Net of Reservation Fee
Php
2,080,000.00
10% Discount
within 7 days
from the date of reservation
Php
1,872,000.00
9.5% Discount
within 8 to 30 days
from the date of reservation
Php
1,882,400.00
9% Discount
within 31 to 60 days
from the date of reservation
Php
1,892,800.00
8.5% Discount
within 61 to 90 days
from the date of reservation
Php
1,913,600.00
BANK FINANCING SCHEME (INNER LOT)
PRICE STARTS AT PHP 2,100,000.00 AND UP
Typical Selling
Price
Php
2,100,000.00
Legal &
Miscellaneous Fee
Php
168,000.00
Total Contract Price
Php
2,268,000.00
Loanable Amount
Php
1,848,000.00
DP/Equity
Payment
Php
420,000.00
Less:
Reservation Fee
Php
30,000.00
Net Equity
Php
390,000.00
Monthly Equity Payment
- payable within 12 mos.
Php
32,500.00
Monthly Amortization
• Bank Financing computation is base on
your bank of choice and subject to the bank’s requirements
• Bank’s prevailing interest at point of takeout shall apply
• Indicative interest rate shall be used in computing for monthly
amortization
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