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MARIA LUISA ESTATE PARK SUBDIVISION
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Maria Luisa Estate Park
FACT SHEET
The Maria Luisa Park development is designed to epitomize Cebu Lifestyle
at its BEST. The lots were designed to maximize the city, mountain and valley
views as well as the building potential of every property. Privacy and security
are priorities. Ideally located in Banilad, Cebu City, it is the only remaining
high-end quality subdivision that can boast of proximity to the heart of the
city where home is a mere 5-10 minute drive away from work, school and malls.
Once you live in Maria Luisa Estate Park, you wouldn't want to live anywhere
else.
1. How big is the development?
Maria Luisa Estate Park is a 200-hectare fully developed project.
The last phases for sale are broken down to the following:
Phase 8 - 22 hectares
Phase 9 - 39 hectares
Phase 10 - 12 hectares
Phase 11 - 4.6 hectares
2. Where is it located?
Located in Banilad, Cebu City bordered by the Busay and Talamban Hills.
3. Where are the access points to the subdivision?
Main access is thru Banilad. The 2nd access is thru Nivel Hills, Busay that
is just 5 minutes away from JY Square, Lahug.
4. What are the lot sizes?
Phase 8 - 230-1,383 square meters
Phase 9 - 342-1,959 square meters
Phase 10 - 520-1,467 square meters
Phase 11 - 700-1,515 square meters
5. How much is the investment per square meter?
Maria Luisa Park lots start from as low as PhP 3,500 per square meter
up to PhP 10,000 per square meter for the super prime lots.
6. How long will it take to reach the new phases?
The development is less than 10 minutes away from Cebu's business district.
From Banilad Gate to Phase 8 - 5 minutes
From Banilad Gate to Phase 9 - 6 minutes
From Banilad Gate to Phase 10 - 4 minutes
From Banilad Gate to Phase 11 - 8 minutes
From Busay Gate to Phase 8 - 8 minutes
From Busay Gate to Phase 9 - immediately upon entering
From Busay Gate to Phase 10 - 6 minutes
From Busay Gate to Phase 11 - 9 minutes
7. How far is the project from shopping malls and airport?
With the Banilad Access, Country Mall is only a 2-minute drive away. With
the Busay Access, JY Square Mall is only a 5-minute drive away. Airport is
12 kilometers away. Pier is 7 kilometers away.
8. What are the existing amenities?
- Park, Basketball Court and Clubhouse in Phase 2
- Imported American Playground in Phase 8 (Swing / Slides / Monkey
Bar / Seesaw)
- Emerald Lake Valley (1.6 hectare park) in Phase 6 where you can enjoy
beautifully landscaped picnic grounds, bicycle and jogging path, fully stocked
fishing grounds.
9. What other amenities can be expected?
- The Highland Park at Maria Luisa is a half-hectare project with
the most magnificent view of Cebu! This park will have a beautiful and scenic
Miles Long Jogging Path, World-Class Children's Play Ground and Picnic Areas.
All these will be designed by world-renowned landscape architect Ms. Shirley
Sanders (her projects include the Mactan Shangri-La, The Palace Garden of
the Sheik of Dubai, Intercontinental Hotel of Manila and Bohol Beach Club).
This will located at the top of Phase 9, close to the Busay Gate entrance
and will be completed by the last quarter of this year.
- Basketball and Tennis facilities plus a Playground will also by completed
this 2004. This will be located in Phase 9 valley and will be designed by
top Cebu architect, Architect Ed Gallego.
10. Maria Luisa Park is big, how can homeowners be assured of their
safety and security?
Security is a priority in Maria Luisa Park. Besides the tight security
at each entrance gate, we have 5 guard outposts strategically and visibly
located all over the subdivision. Security guards at these outposts are tasked
to roam around their respective areas every 2 hours. Phases 9 and 11 have
their own-gated entrances with guards. All these are provided to ensure the
security of homeowners.
TECHNICAL
1. What about the water system? Is there sufficient water supply?
Maria Luisa Park has abundant water source with 5 deep wells and 9
water tanks, the biggest of which has a capacity to store 51,000 gallons of
water. Stand-by generators are provided to pump water during brownouts to
ensure continuous supply. It is more than enough to supply all the residents
of Ma. Luisa Park.
2. What is the highest elevation of the subdivision?
The highest elevation is 230 meters about mean sea level.
3. Are utilities like telephone, cable and electricity already in place?
Electricity is ready for homeowner's to tap, this is provided for by VECO.
Telephone and Internet DSL connections provided for by Globelines and PLDT.
Skycable provides for Cable connections.
4. Is there a required minimum value to be built?
Houses to be built should not cost less than 2 Million pesos.
5. What is the maximum building height allowed and what are the easement requirements?
Houses can be built to up 20 feet from the highest point of property. This
is to allow each home to have the best-unobstructed views of the city, mountains
and valleys. Setbacks are 3 meters at the front and easements are 2 meters
on the sides and the back.
Some valley lots in Phases 8 & 9 can enjoy height allowances of up to
28 feet high.
Please ask for a copy of the Deed of Restrictions for detailed information
on building regulations.
FINANCING
1. Is the PhP 50,000 reservation fee refundable and transferable?
Reservation fee is good for 30 days. It is non-refundable and non-transferable.
2. Is there a discount for cash payments?
Yes, we have a 10% discount for cash payments due 30 days after reservation.
For 30% downpayment, there is 5% discount on the 30% down payment.
3. What financing schemes do you have?
We have flexible payment schemes that make it easy for our clients to own
a property in Maria Luisa Estate Park.
These are all In-House Financing and will require ONLY Postdated Checks.
- Extended Cash - After the reservation, Balance is payable in 24 MONTHS
with NO INTEREST
- NO DOWNPAYMENT - After the reservation, No Down payment is required, Balance
is payable in 3 years and 5 years at 13% & 18% per annum interest respectively.
- DISCOUNTED DOWNPAYMENT
A 5% discount will be applied on the 30% down payment.
The 70% Balance can be payable in: 24 months No Interest Or 3 and 5 years
at 13% & 18% interest per annum respectively.
4. Can I choose any bank to service my financing?
We have accreditation arrangements with BPI, Metro Bank, Union Bank, PS Bank
and City Savings Bank.
*** Please note that al prices, fees, charges and interest rates are subject
to change without prior notice. Please coordinate with your office for accurate
figures.
DOCUMENTATION
1. Do all your lots have clean Titles?
Yes. We don't sell lots that aren't titled. And we guarantee that all our
titles are free from liens and encumbrances.
2. How long will processing of individual titles take?
With complete documents and full payment, it will take approximately 2-3
months to transfer titles to the buyer's name.
3. When can I build my home in Maria Luisa Park?
Full payment is required before you can start building your home.
4. How much are the Homeowner's dues?
For Lot owners = 30 centavos x area
For House & Lot owners = 60 centavos x area
Plus PhP 280 / month garbage disposal system
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