The MidPoint Residences
Ines Ouano Road, A.S. Fortuna Street, Banilad, Mandaue City
HLURB LTS No. – 27207
The MIDPOINT Residences brings you close to the business and leisure locales, north and south of Cebu City, putting you in the way of golden opportunities, allowing you to optimize your time and choices, giving you the freedom to be where you want to be when you want to be.
The MIDPOINT Residences is a two-tower high-rise residential condominium complex aptly located in Banilad, Mandaue City – the actual midpoint between Cebu City’s business and leisure destinations and also one of Metro Cebu’s premier addresses. It is the first 28-story residential condominium soon to rise in this area.
We are pleased to inform you of our new AFFORDABLE FINANCING SCHEMES offered by our partner bank, Land Bank of the Philippines (LBP).
Thru LBP Financing, clients can now pay monthly equity downpayment for as low as Php10,281 for Tower 1 units for 24 months and Php4,659 for Tower 2 units for 53 months without interest.
UNIT FEATURES:
• Window-type air-conditioning units provided for the living area and bedrooms
• Melamine board kitchen cabinets with stainless steel sink and granite countertop
• Melamine board bedroom closets
• Fiber-to-the-home (FTTH) broadband provisions for telephone and CATV exclusively
provided by PLDT
• Electrical provisions for portable water heater at the shower area
• Bathroom fixtures and accessories
• Exhaust fan installed in toilet and bath
• Electrical provision for filter-type range hood
• Non-LPG, purely electrical provision for cooking
• Fire alarm and smoke detector in each unit
• Painted cement walls, dry wall partitions, and ceilings
• Tiled main flooring
• Ceramic floor and wall tiles for the toilet and bath
AMENITIES:
• Chapel
• Access to PLV Sports Club with swimming pool, fitness gym and basketball court
• Landscaped garden with parks and playground
• Individual mailboxes
• High-speed elevators
• Centralized garbage collection area with segregated garbage chutes
• Main lobby and reception area
• Commercial spaces at the ground floor
• Fire alarm and sprinkler system
• Multi-level podium and basement parking
• Standby generator
Unit Types
Studio Unit
A) Floor Area: 19.10 sq. m
Price starts: P 1,957,130.00
Transfer Charges : 64,692.47
B) Floor Area: 20.80 sq. m.
Price Starts: P 2,130,870.00
Transfer Charges: 69,991.54
Reservation Fee: P 10,000.00
Total Selling Price Php 1,957,130.00
10%Equity (Subject to Bank/Pag-ibig's Approval) Php 195,713.00
Less: Reservation Fee (Non-Refundable & Non-Transferable) Php10,000.00
Net Equity Php 185,713.00
Monthly Equity for 24 months Php 7,738.04
90%Estimated Loanable Amount Php 1,761,417.00
TERM: Amortization
YEAR 5 (Balance Payable in 60 months) PHP 35,102.98
YEAR 10 (Balance Payable in 120 months) PHP 21,403.44
YEAR 15 (Balance Payable in 180 months) PHP 17,433.24
YEAR 20 (Balance Payable in 240 months) PHP 15,622.07
YEAR 25 (Balance Payable in 300 months) PHP 14,842.10
YEAR 30 (Balance Payable in 360 months) PHP 15,457.69
One-Bedroom Unit
Floor Area: 24.35 sq. m. to 25.04 sq. m
Price Starts: P 2,498,790.00 – P 2,569,308.00
Transfer Charges: P 81,213.10 – P 83,363.89
Reservation Fee: P 10,000.00
Total Selling Price Php 2,498,790.00
10%Equity (Subject to Bank/Pag-ibig's Approval) Php 249,879.00
Less: Reservation Fee (Non-Refundable & Non-Transferable) Php 10,000.00
Net Equity Php 239,879.00
Monthly Equity for 24 months Php 9,994.96
90%Estimated Loanable Amount Php 2,248,911.00
TERM: Amortization
YEAR 5 (Balance Payable in 60 months) PHP 44,818.17
YEAR 10 (Balance Payable in 120 months) PHP 27,327.11
YEAR 15 (Balance Payable in 180 months) PHP 22,258.11
YEAR 20 (Balance Payable in 240 months) PHP 19,945.67
YEAR 25 (Balance Payable in 300 months) PHP 18,949.84
YEAR 30 (Balance Payable in 360 months) PHP 19,735.80
Two-Bedroom Unit
Floor Area: 36.70 sq. m. to 48.04 sq. m.
Price Starts: P 4,212,275.20 – P 5,510,296.96
Transfer Charges: P 119,709.28 – P 155,057.19
Reservation Fee: P 10,000.00
Total Selling Price Php 4,212,275.20
10%Equity (Subject to Bank/Pag-ibig's Approval) Php 421,227.52
Less: Reservation Fee (Non-Refundable & Non-Transferable) Php 10,000.00
Net Equity Php 411,227.52
Monthly Equity for 24 months Php 17,134.48
90%Estimated Loanable Amount Php 3,791,047.68
TERM: Amortization
YEAR 5 (Balance Payable in 60 months) PHP 75,551.16
YEAR 10 (Balance Payable in 120 months) PHP 46,066.01
YEAR 15 (Balance Payable in 180 months) PHP 37,521.07
YEAR 20 (Balance Payable in 240 months) PHP 33,622.94
YEAR 25 (Balance Payable in 300 months) PHP 31,944.24
YEAR 30 (Balance Payable in 360 months) PHP 33,269.16