Citadines Cebu City Serviced Residences Operated by The Ascott Limited

Citadines Cebu City
Serviced Residences by The Ascott Limited

We’re proudly announcing our newest project to date, the Base Line Center.
Now with Citadines Cebu City, a serviced residences to be operated by The Ascott Limited,
the world’s largest and leading owner-operator of serviced residences.

One of the most desirable locations in the city, Base Line Center is within walking distance from the major lifestyle needs in Midtown Cebu.
It belongs to a prime 1.6 hectare complex that is easily accessible from the major thoroughfares of Osmena Blvd., Escario St., and Mango Avenue.

It’s within 1 kilometer radius:
Universities
Hospitals
Churches
Government Offices
Commercial Establishments

CONDOTEL Highlights:

RETURN ON INVESTMENT : 7.91% / 8.97% /10.03%
RATE OF OCCUPANCY: 65% /75%/ 85%
AVERAGE RATE PER NIGHT: Php 4,500
FREE COMPLEMENTARY STAY: 10 days every year
OWNERSHIP: Transferable

Available units:
STUDIO Kings and Twin: 30.28sqm – 34.49SQM/40.17
Price range:4.9M – 5.7M
Down/Equity: 20% /80% thru Bank Financing
AS LOW AS 36months : 25K- 29K monthly Equity

1Bedroom : 39.52sqm – 49.46sqm
Price range: 6.6M – 8.3M
Down/Equity: 20% /80% thru Bank Financing
AS LOW AS 36months : 34K- 43K monthly Equity
Reservation: 30,000php
Spot Cash discount:
3% for deferred cash in 12months
8% for spotcash list price
5% for spotdownpayment

Sample Computation:
Studio Type: 34.48sqm
Price: 5,535,644.80
Transfer Charges: 247,127.00
Total Contract Price: 5,782,771.80

Reservation Fee: 30,000.00

Payment Options:

1. Spotcash within 30days with 8% discount on List price: 5,062,793.22 Transfer charges before move-in.
2. Deferred within 12month with 3% discount on List Price: 444,964.62 per month Transfer charges before move-in
3. 20% Spotcash Downpayment: 1,021,772.51
4. 20% Downpaymnet payable in 36months29,920.25/monthg then Transfer charges on 31st month
5. or 20% 20% Downpayment payable in 36months 36,784.89/month
6. 80% Balance lonable to Bank Financing or Cash

Launching: October 2015
Ground breaking: Noverber 2015
Start of Operation: Q1 2019