sotogrande-condominium-davao

Sotogrande Condotel Davao

Sotogrande Davao is the newest project of Sta Lucia Land Incorporated in the heart of Davao Riverfront Corporate City Complex in Davao City that offers the perfect combination of business and leisure.  Own a piece of luxury in the most livable city in the country today and experience the prestige of being an SLLI investor.

With Sotogrande Condotel Davao, investing in the hotel industry has become more affordable and accessible. Sotogrande Condotel offers you the ease of hassle-free investment and the luxury of a privilege very unique to Sta Lucia condotels. Free 30 hotel room nights at Sotogrande Hotel Davao with an option to use three nights in other Sta Lucia Hotels and Condotels nationwide every year.

 

 

Total Land Area: 3,265sqm
Location: Riverfront Corporate City, Maa, Davao City ( Blk 24 lot 6,7,8 )

20 Storey ( Studio, 1Bedroom, 2bedroom Fully Furnished Condotel and Serviced Apartment.)
>Buyers can have access at Rancho Palos Verdes Country Club.
>Target Completion Date: Last Quarter of 2018
>260 Number of Units

REGULAR SAMPLE COMPUTATION: for Studio Unit /fully furnished
UNIT TYPE: STUDIO B1 with Balcony
UNIT AREA: 32.8 sqm
BALCONY (if any): 2.70 sqm
TOTAL UNIT AREA: 35.50 sqm
UNIT SELLING PRICE: P3,840,200

20% Equity/ Downpayment: P768,040
Less Reservation Fee: P25,000
Add Misc. Fee for Transfer of CCT 5.5%: P188,581.25
Net Downpayment after RF: P931,621.25
Payable in 36 Months at 0% interest: P25,878.37

80% Balance Payable in 5 to 10years at 16% interest: P3,072,160
Monthly Amortization for 5yrs at 16% (.024432): P74,714.93
Monthly Amortization for 10yrs at 16% (.01675): P51,458.68

{ MORE DETAILED SAMPLE COMPUTATION FOR STUDIO UNIT CLICK HERE }


 

REGULAR SAMPLE COMPUTATION: for 1Bedroom Unit /fully furnished
UNIT TYPE: 1 Bedroom
UNIT AREA: 40.25 sqm
UNIT SELLING PRICE: P4,558,400

20% Equity/ Downpayment: P911,680
Less Reservation Fee: P35,000
Add Misc. Fee for Transfer of CCT 5.5%: P223,850
Net Downpayment after RF: P1,100,530
Payable in 36 Months at 0% interest: P30,570.28

80% Balance Payable in 5 to 10years at 16% interest: P3,646,720
Monthly Amortization for 5yrs at 16% (.024432): P88,688.23
Monthly Amortization for 10yrs at 16% (.01675): P61,082.56

{ MORE DETAILED SAMPLE COMPUTATION FOR 1BEDROOM UNIT CLICK HERE }


 

REGULAR SAMPLE COMPUTATION: for 2Bedroom Unit /fully furnished
UNIT TYPE: 2 Bedroom
UNIT AREA: 49 sqm
UNIT SELLING PRICE: P5,646,700

20% Equity/ Downpayment: P1,129,340
Less Reservation Fee: P35,000
Add Misc. Fee for Transfer of CCT 5.5%: P277,293.30
Net Downpayment after RF: P1,371,633.30
Payable in 36 Months at 0% interest: P38,100.93

80% Balance Payable in 5 to 10years at 16% interest: P4,517,360
Monthly Amortization for 5yrs at 16% (.024432): P109,862.20
Monthly Amortization for 10yrs at 16% (.01675): P75,665.78

{ MORE DETAILED SAMPLE COMPUTATION FOR 2BEDROOM UNIT CLICK HERE }


{ SOTOGRANDE DAVAO AVAILABLE UNIT CLICK HERE }

NOTES:
> Reservation Fee of P25,000 for Studio, P35,000 for 1Bedroom
>Parking slots shall be purchased separately at Php500,000 per slot on a first pay first serve basis for 1 bedroom buyers only.

Disclaimer: This is for information purposes only. Prices and details are subject to change without prior notice. Contact us for details

Additional Property Details

HOTEL COMPOSITION: click photo to view larger

LOWER GROUND FLOOR : 18 Parking Slots
UPPER GROUND FLOOR  : Main Lobby
                                                 : Reception
                                                 : Business Center
                                                 : Piano Bar
                                                 : Coffee Shop
                                                 : Ballroom
                                                 : Swimming Pool
SECOND FLOOR : Function Rooms
                                 : Gym

 

HOTEL FACILITIES & AMENITIES
-Lap pool
-Kiddie pool
-Jacuzzi area
-Poolside bar
-Gym
-Coffee Lounge / Restaurant
-Piano Bar

Condotels by Sta Lucia: click photo to enlarge


CLICK PHOTO TO VIEW LARGER:

 

SOTOGRANDE DAVAO The first condotel development in Davao worth investing
>1st “Full” Condotel/Hotel Development in Davao City
>Located at Riverfront Corporate City (along Ma-a Diversion) particularly at
   Block 24 – Lots 6, 7 & 8 covering a land area of 3,265 sq.m.
>Strategically located only 10 minutes from Francisco Bangoy International Airport
>20 Storey studio, 1BR & 2BR fully furnished condotel/hotel units and serviced apartments
>Will have a ballroom, piano bar, swimming pool, function rooms, coffee shop & gym
>Buyers can have access at Rancho Palos Verdes Country Club
>Very near tourists spots in Davao


WHAT IS A CONDOTEL?
>A condominium project that is operated as a hotel with a registration desk,
  cleaning service and more.
>The units are individually owned.
>Unit owners shall place their unit in the hotel's rental program where it is rented
  out like any other hotel room.

WHAT IS A SERVICED APARTMENT?
These are units located from the 16th to 20th floors of Sotogrande Davao.
>The units are individually owned.
>These are still part of the condotel operations and as such, will also be included
   in the computation of dividend sharing.
>This is more of a home away from home type of accommodation rather than just
  a hotel room with a bed & bathroom.
>Guests, in a particular long term, need to feel at home, be able to prepare their own
  meals rather than just relying on the hotel restaurant.
>Also enjoys the benefits of having the room or unit cleaned and linens changed


WHY INVEST IN A CONDOTEL
ADVANTAGES
>Hassle-free ownership; no landlord issues; avoid maintenance headaches.
>Generate rental revenue to offset some or maybe all your ownership expenses.
>A fantastic vacation home you can use whenever you want; “free” vacation anytime
>A safe real estate investment in a day and age where other investments may seem
   more risky or less attractive.
>Strong likelihood of appreciation
>Pride of ownership
DISADVANTAGES
>Your pets are not always welcome.
>Your unit may not be available on short notice, so reservations of your own unit may
  require as much as 60 days notice.
>Your unit is subject to the same dips in the market that affect all hotels in the competitive
  market set.


WHO WILL OPERATE SOTOGRANDE HOTEL?
>SOTOGRANDE will be operated by Sta. Lucia’s Hotel Management Group,
  a wholly-owned subsidiary of Sta. Lucia Land, Inc.
>A company dedicated, established in 2008 and is currently operating 3 condominium
  hotel projects of Sta. Lucia : Sotogrande, La Mirada, and La Breza.


HOW LONG WILL THE UNIT BE PART OF THE HOTEL POOL?
>The condotel unit will be a part of the hotel pool for 15 years.


WHAT BENEFITS DO I GET IF I INVEST IN CONDOTEL
>Quarterly dividends
>30 room nights free every year – option to use 3 nights/year/other hotels of Sta. Lucia

 

WILL UNIT OWNER STILL GET DIVIDENDS EVEN IF UNIT WAS NOT RENTED?
>Yes! A condominium hotel owner will still be entitled dividends in Net Room
  Revenue regardless of whether the unit was actually rented or not.
>Net Room revenue generated from all hotel units are issued to all hotel unit owners
  (pro-rated on a per sq.m. basis) after the end of each quarter.

 

WHAT ARE THE ADVANTAGES OF THE UNIT OWNER WITH STA. LUCIA AS HOTEL OPERATOR
>A “worry free” investment because the hotel operator manages the leasing of the hotel rooms, their maintenance, refurbishment and improvement as well as their operating expenses, real property taxes, association dues, common area charges, utilities, insurance and other related expenses
>An independent auditor, accredited with the Philippine Securities and Exchange Commission, will be hired to audit, examine or review the hotel operator’s annual operating statement.
> Very low property management fee of 30% only compared to others with
50% - 60%
> Experienced hotel property management group with 3 operational hotels to
date –really after the income commitment to investors
> Property Management now have tie-ups with agoda.com, booking.com,
expedia.com, orbitz.com, asiaroom.com, hotels.com, etc.


WHEN CAN A UNIT OWNER START GET DIVIDENDS & 30 ROOM NIGHTS FREE?
>Once the hotel | Condotel is operational provided that:
-Fully paidwith the required down payment for the hotel | condotel project
-SLLI received bank guareantee from the bank for the balance
-Buyer is of good standing: meaning that the buyer is religiously paying his/her monthly amortization even if the hotel|condotel is not operational. ( postponed checks (PDC) area required  to start being entitled to dividends.)

 

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SITE UPDATE AS OF APRIL 21, 2017

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