1016 residences Condominium in Cebu Business Park, Cebu City

1016 Residences is located centrally at Cebu Business Park in Cebu City. It is a short walk distance from the city’s premier retail and entertainment hub, the Ayala Center Cebu, and is directly connected to the exclusive City Sports Club Cebu – giving the residents and endless array of facilities and amenities for shopping, recreation and business. It’s convenient location is balanced with space and luxury through carefully designed spaces which take advantage of scenic views of the sea and the mountains and open up opportunities for private spaces even on the upper floors.

PRICE RANGE:

Unit area range: 98-131 sqm
Price range: 10.1-31.5 M up

1016 Residences is a high-end residential condominium project co-developed by Ayala Land, Inc. and Cebu Holdings, Inc. Carrying the Ayala Land Premier brand, the development promises to deliver an exclusive and distinctive living experience.


1016 Cebu Residences
Cebu Business Park, Cebu City

Available Units
2 bedroom units
3 bedroom units
3 bedroom penthouse limited units

Some Features:
=located at the Ayala Cebu Business Center
=very prestige living unlike any other property in Cebu
=very big cuts and open spaces for units
=views of mountains, cityview, seaviews.

Amenities and Facilities of 1016 Residences
Landscaped Gardens
Kiddie Play Area
Lobby Lounge
Roof Deck
City Sports Club Cebu usage rights

Building features of Ayala Land’s 1016 Residences
Efficiency Features
Maximized natural ventilation for common areas
Inverter-type Air Conditioning System

Convenience and Services
Three (3) Elevators, 2 passenger lifts and 1 service elevator
Elegantly-designed ground floor lobby
Mail room
Administrative office
Centralized sanitary disposal system
Direct access to City Sports Club Cebu

Safety and Security
Fire Detection and Alarm System
24-hour security and building maintenance
Basement proximity card access
100% Back-up Power

Turnover Date of ALP’s 1016 Residences
3rd Quarter of 2014
Select Units on higher floors will have views of the mountains, sea and/or the city.

What lifestyle can a future 1016 Residences resident look forward to?
The lifestyle of the residents of 1016 Residences is characterized by luxury and convenience with generously spaced units and common areas and a wide array of business, retail and recreational amenities given the project’s proximity to Ayala Center Cebu, Marriot and the City Sports Club Cebu.

What establishments and landmarks are near 1016 Residences?
Ayala Center Cebu
Cebu City Marriot Hotel
City Sports Club Cebu

Educational Institutions
i. University of Southern Philippines
ii. University of the Philippines
iii. San Carlos Seminary

Asiatown IT Parks
Department Stores and Groceries
i. Rustan’s Fresh
ii. Metro Gaisano

Museums/Performance Arts/Art Galleries
i. Grand Convention Center
ii. Waterfront Hotel in Lahug

Churches
i. Carmelites Monastery
ii. St. Joseph Church
iii. Redemptorist Church

Offices
i. Lexmark Plaza
ii. Cebu Holdings Center
iii. Innove
iv. Keppel Center
v. WTC Tower
vi. Insular Tower
vii. Pioneer Building

Fitness Clubs and Spa
i. Fitness First
ii. Holiday Gym and Spa
iii. The Spa at Cebu

Dining Experiences
i. The Terraces, Ayala Center Cebu
ii. Cebu City Marriott Hotel
iii. Crossroads

Medical Institutions
i. Chong Hua Hospital
ii. Cebu Doctors University & Hospital
iii. Perpetual Succour Hospital

1016 Residences Map

Click 1016 residences Map to view larger image

Living in 1016 Residences
Will the area of the balcony/roof deck/garden be included in the association dues?
Yes, maintenance of balconies, roof decks and gardens, which includes real property taxes and insurance, will be part of the association dues.
The master deed requires the unit owners to pay for their share in the maintenance expenses of these areas in the building relative to the size of the balcony, rood deck, garden adjoining the units.
In addition, maintenance and upkeep of roof deck/garden such as but not limited to landscaping and pool maintenance are charged directly to the unit owner.

Are Monthly Dues of CSCC part of the association dues?
Yes, Club dues assessed by CSCC against the condominium corporation shall be part of the association dues charged to the residents of 1016 Residences.
The Condominium Corporation shall own 109 shares of CSCC, or such number of share as there are units in the project. The Condominium Corporation shall assiong one CSCC share for every residential unit to allow him/her to enjoy CSCC rights.

Other Questions
What is the rental potential of units in 1016 Residences?
The current average monthly rental rates for condominium in Cebu are:
PHP 40,000-45,000 for a 100 SQM 2-Bedroom Unit
PHP 50,000-60,000 for a 140 SQM 3 Bedroom Unit
PHP 80,000 for a 190 SQM Penthouse
Please note however that there are no existing condominium developments in Cebu comparable to 1016 Residences. Since rent is influenced by many factors, the developer cannot guarantee lease rates.

Is the balcony area included in the list price of the unit?
No. The balconies are listed as limited common areas in the Master Deed, though it enhances the value of a particular unit in 1016 Residences, the list price is applicable to the units area only.

What is the Parking Ratio for the units in 1016 Residences?
Two Bedroom units are allocated 1 Parking Slot, Three Bedroom and Special Three Bedroom Units are allocated 2 Parking Slots, which may or may not be tandem.


PAYMENT SCHEME OPTIONS:

A. Cash 95-5 Scheme
- 95% Downpayment
- 5% Twelve months thereafter
- 8% Discount

B. Cash 20-80 (12 months) Scheme
- 20% Downpayment
- 80% over 12 months
- 6% Discount

C. Cash 20-80 (Catch up June 2014) Scheme 
- 20% Downpayment
- 80% over 36 months

D. Cash 60 Scheme 
- 20% Downpayment
- 80% Bank Loan
- 7% Discount
- Valid only for Bank take out from
BPI-FIB,BDO,HSBC and China Banks

E.10-10 (20 months) - 80 Scheme 
- 10% Downpayment
- 10% over 20 months
- 80% Lump sum
- Interest Free

F.20-20 (Catch up) 60 (Lump sum) Scheme
- 20% Downpayment
- 20% Catch up
- 60% Lump sum- 3.25% Interest

Additional new payment terms option:
10-20-70 10% down payment,
20% until May 2014, 70% lumpsum
20-15-65 20% down payment,
15% until May 2014, 65% lumpsum

Special Payment Options:
Applicable to all units, C & D units
10-10(26)-80m 0% interest
-10% down payment, 10% spread equally over 26 months, 80% lumpsum
-10-50 (catch up) - 40
-10% down payment, 50% spread
equally until May 2014,
40% in 3 annual bullets