38 PARK AVENUE AT CEBU IT PARK

38 PARK AVENUE AT CEBU IT PARK

38 Park Avenue at Cebu IT Park is the city’s landmark project by Cebu Landmasters, Inc. It is a residential component of the soon to be developed breathable space at bustling PEZA accredited IT hub. It is part of the Php 5B mix-used  project with other two components an office tower and retail boulevard.

Imagine a place where park meets the city and where east and west are one in a panoramic view. Standing high in an avenue, over an address that never sleeps.

QUICK FACTs:

• 38 storeys high, the highest in Cebu IT Park
• Ultra Exclusive VIP Units
• 3 Levels of Amenity at the 26^th to the 28^th Floor
• 2 main lobbies (East & West) with 2 elevator cores of 4 elevators each
• 3 levels basement parking
• Each unit meticulously designed for a panoramic view of Cebu
• A Grand Atrium at the center of the tower
• 1.18 hectares

LOCATION & ACCESSIBILITY:

• Walking distance to Ayala Central Bloq and IT Park
• 1 km to University of Southern Philippines
• 1 km to Gaisano Country Mall
• 1 km to University of Cebu Banilad
• 1.5km to St. Therese Church
• 1.5 km to JY Square
• 1.7 km to Waterfront Cebu
• 1.9 km to Cebu Country Club
• 2.5 km to University of the Philippines
• 2.5 km to Ayala Center Cebu
• 3.6 km to SM City Cebu

BUILDING FEATURES:

• 764 UNITS
• Studio: 459 Units
• 1BR: 230 Units
• 2BR: 56 Units
• 3BR: 11 Units
• Penthouses: 8 Units
• 1,280 sq.m. Building Floor Plate
• 8 Elevators
• Balcony on selected Units
• Parking Phase 1: 360 units
• Sky Gardens & Patio
• Retail Spaces on the Ground
• 24-hour security System
• CCTV
• Property Management Services

SKY CLUB AMENITY:

• Swimming Pool
• Fitness gym
• Lounge areas
• Multi-function hall
• KIDS ZONE
• HIGH CEILING GRAND LOBBY
• GARDEN ATRIUM
• MRF (Materials Recovery Facility)
• 100% BACKUP POWER
• FDAS (Fire Detection & Suppression)
• AUTOMATIC SPRINKLER SYSTEM
• DOMESTIC WATER TANK

UNIT SPECIFICATIONS & FINISHES:

Flooring:

• Homogeneous Floor Tiles in Kitchen, Living, and Dining
• Laminated Flooring in the Bedroom
• Slip-resistant homogeneous floor tiles in toilet & bath
• Ceramic Tiles in Maid’s Room and Utility
• Non-slip floor tiles Balcony
• Painted finished wall
• Painted slab ceiling
• Toilet and Bath: Premium fixtures and fittings, provision for multi-point water heater, shower enclosure (1BR, 2BR, 3BR, PH)
• Kitchen exhaust provision; Grease Trap
• Bedrooms: Laminated Closets (1BR, 2BR, 3BR, PH)
• Provision for Split-type A/C
• Provision for Internet, telephone, and cable
• Fire sprinkler and smoke detector

STUDIO UNIT – SOLD OUT

FLOOR AREA: 24.48 sq.m.

• Living Area
• Dining Area
• Kitchen Area
• Bedroom Area
• Toilet & Bath

SAMPLE COMPUTATION THROUGH BANK FINANCING:

TOTAL CONTRACT PRICE: Php 6,097,941.96

RESERVATION FEE: Php 10,000.00

♠ 10% EQUITY net of reservation payable in 36 months: Php 601,200.00

• Php 16,700.00/month

♠ 90% Balance through Bank Financing: Php 5,486,741.96

1-BR UNIT

FLOOR AREA: 54.13 sq.m.

• Living Area
• Dining Area
• Kitchen Area
• Bedroom 1
• Balcony
• Toilet & Bath

SAMPLE COMPUTATION THROUGH BANK FINANCING:

TOTAL CONTRACT PRICE: Php 14,712,862.91

RESERVATION FEE: Php 50,000.00

♠ 10% EQUITY net of reservation payable in 36 months: Php 1,422,000.00

• Php 39,500.00/month

♠ 90% Balance through Bank Financing: Php 13,240,862.91

2-BR UNIT

FLOOR AREA: 74.01 sq.m.

• Living Area
• Dining Area
• Kitchen Area
• Maid’s Room
• Maid’s Powder Room
• Common Toilet & Bath
• Bedroom 2
• Master’s Bedroom with private Balcony
• Master’s Toilet & Bath

SAMPLE COMPUTATION THROUGH BANK FINANCING:

TOTAL CONTRACT PRICE: Php 20,150,723.26

RESERVATION FEE: Php 100,000.00

♠ 10% EQUITY net of reservation payable in 36 months: Php 1,915,200.00

• Php 53,200.00/month

♠ 90% Balance through Bank Financing/CASH: Php 18,135,523.26

PENTHOUSE:

FLOOR AREA: 431.21 sq.m.

• Living Area
• Dining Area
• Kitchen Area
• Common Toilet & Bath
• Stairs
• Master’s Bedroom
• Family Area
• Bedroom 1
• Bedroom 2
• Open

SAMPLE COMPUTATION THROUGH BANK FINANCING:

TOTAL CONTRACT PRICE: Php 130,362,386.52

RESERVATION FEE: Php 200,000.00

♠ 10% EQUITY net of reservation payable in 36 months: Php 12,837,600.00

• Php 356,600.00/month

♠ 90% Balance through Bank Financing: Php 117,324,786.52