Developer: Castille Resources Realty Development Inc.
Project Name: Vera Estates
Total Project Area: 22 hectares
A masterplanned community with a mix of residential and commercial development.
Subdivision Name: THE FRENCH HIGHLANDS
Area / Number of Lots: 4.8 hectares / 114 lots
The first of four residential enclaves. Located at an elevated area overlooking the city.
Features and Amenities
• 2-Storey Single Detached, Floor Area: 230 sq m,
• 3 Bedrooms, 3 Toilets, 1 Powder Room, Maid’s Room with Own Toilet
• 3-Car Covered Garage, Dirty Kitchen, Utility Area
• Basic house deliverables; walls are painted, plumbing fittings, tiled floors.
• House upgrade is allowed and will be assessed separately.
Price: Php 15M
Floor Area: 230 sqm
Lot Area: 234 sqm
*This is an indicative price, see pricelist for individual pricing per location.
*Above prices are exclusive of documentary stamp tax, transfer tax, registration expenses, notarial fees and VAT.
Reservation Fee and Equity Downpayment
• Reservation Fee of the lot is PhP 50,000.00 and the house and lot is
PhP 100,000.00, is non-refundable, non-transferable and is valid for 1 month. This is deductible from the Equity Downpayment.
• After one (1) month from the date of reservation, the Reservation Fee will be cancelled and the reserved lot shall be open for sale if the Buyer has not started payment on the Equity Downpayment balance.
• Equity Downpayment is 20% of the Total Contract Price (TCP).
• Equity shall be payable without interest for a maximum of six (6) months, starting on the next month after payment of the Reservation Fee.
• If the buyer defaults on his payment, a penalty of 4% per month shall be imposed on the amount due.
• Prices are subject to change without prior notice.
• CRRDI has the right to correct typographical errors, if any.
• Reservation Fees must be in the form of cash or on-date check payment.
• Check payments should be made payable to CASTILLE RESOURCES REALTY DEVELOPMENT INC.
• Only payments received by authorized CRRDI personnel issued with valid receipt shall be honored.
• Target date for lot turnover is August 2015.