RIDGEWOOD HEIGHTS ( Residential Estate )

                         TAGAYTAY

DEVELOPER: STA. LUCIA REALTY & DEVELOPMENT, INC.

     ** Cool weather, balmy winds & foggy mists create  the all year vacation ambience for the TAGAYTAY resident. At 2,500 feet above sea level, one can always find in TAGAYTAY  the perfect picnic spot, colorful flower gardens, & the treasure that is Taal.

** Located along  Tagaytay-Nasugbo National Highway,Ridgewood Heights is only  90 minutes from the City of Makati.

        Features and Amenities:

·         12 Hectares of prime real estate

·         Entry statement along National Road

·         Entrance gate and guardhouse

·         Clubhouse

·         Basketball

·         Badminton court

·         Swimming pool

·         Children’s playground

·         Landscaped open spaces

·         Concrete road network

·         Meralco electrical power

·         Centralized water system

·         Underground drainage system

TERMS:

ALTERNATIVE 1( 15% DOWNPAYMENT – 6 MONTHS TO PAY ) 85% BALANCE 5 OR 10 YRS. TO PAY @ 14% INTEREST P.A

ALTERNATIVE 2 ( 20% DOWNPAYMENT  - 3 MONTHS TO PAY ) 80% BAL. 5 0R 10 YRS. TO PAY @ FIRST YR. NO INTEREST

ALTERNATIVE  3 ( 20% OUTRIGHT DOWNPAYMENT  ) 80% BALANCE  PAYABLE IN 2 YRS. TO PAY ZERO INTEREST

Sample Computation: Residential lot only  ( Lot range229 sqm. ,  240 sqm. & 300 sqm. up )

	INNER LOT	INNER LOT
LOT AREA	240 sqm.	229 sqm.
PRICE/SQM.	P 5,500	P 5,500
TOTAL CONTRACT PRICE	P 1,320,000	P 1,259,500
ALTERNATIVE 1 ( 15 % DOWNPAYMENT )
OPTION 1
15% DOWNPAYMENT	P 198,000	P 188,925
LESS RESERVATION FEE	P 5,000	P 5,000
10% DISCOUNT WITH IN 7 DAYS	P 19,800	P 18,892.5
NET DOWNPAYMENT	P 173,200	P 165,032.5
OPTION 2
15% DOWNPAYMENT PAYABLE IN 6 MONTHS	P 198,000	P 188,925
LESS RESERVATION	P 5,000	P 5,000
NET DOWNPAYMENT	P 193,000	P 183,925
MONTHLY FOR 6 MONTHS	P 32,166.70	P 30,654.20
85% BALANCE	P 1,122,000	P 1,070,575
MONTHLY AMORTIZATION
SCHEME A.
5 YEARS TO PAY @ 14% INTEREST P.A	P 26,108.94	P 24,912.30
SCHEME B.
10 YEARS TO PAY @ 14% INTEREST P.A	P 17,424.70	P 16,626.03
NOTE: DOWNPAYMENT 6 MOS. INSTALLMENTS COVERED BY POSTDATED CHECKS
ALTERNATIVE 2 ( 20% DOWNPAYMENT )
OPTION 1
20% DOWNPAYMENT	P 264,000	P 251,900
LESS RESERVATION FEE	P 5,000	P 5,000
10% DISCOUNT WITH IN 7 DAYS	P 26,400	P 25,190
NET DOWNPAYMENT	P 232,600	P 221,710
OPTION 2
20% DOWNPAYMENT PAYABLE IN 3 MONTHS	P 264,000	P 251,900
LESS RESERVATION	P 5,000	P 5,000
NET DOWNPAYMENT	P 259,000	P 246,900
MONTHLY FOR 3 MONTHS	P 86,333.33	P 82,300
80% BALANCE	P 1,056,000	P 1,007,600
MONTHLY AMORTIZATION
SCHEME A.
5 YEARS TO PAY