Cebu Real Estate House in Kamalaya I Residences. A Nexus Real Estate Company

Kamalaya means lotus realm - an ancient symbol for the growth and unfolding of the human spirit. Designed to snatch the individual and the family away from the hustle bustle of a busy world that gets busier and busier by the minute.

Kamalaya Residences, an Exclusive Eden,located in Minglanilla,South of Cebu, offering quality one storey 2 bedroom, and two storey 3 bedroom house and lots. It appeals to persons with refined taste. Ideal for new and expanding families alike. Kamalaya Residences emphasizes serenity, peacefulness and centeredness. A sanctuary with an unobstructed view of the mountains and meditation garden. Only 5 minutes from the market, church, Municipal Hall, Jollibee,Tungkop Beach and School. 10 Minutes from South General Hospital,SRP.15 minutes from Gaisano Fiesta Mall. 40 minutes from the airport and 25 minutes from the pier.

Amenities:

• Elegant guard house
• Vast expanses of greenery
• Beautiful mountain views
• Meditation pavilion
• 24 hour security
• Concrete roads
• Cemented sidewalks
• Street lights
• Cemented curbs and gutters
• Perimeter Fences (Pre-cast)
• MCWD water system
• Electrical power supply
• Telephone lines
• Cable TV lines

Only 31 Houses to be constructed

KAMALAYA RESIDENCES: THE COMPETITIVE ADVANTAGE

   1. A walking distance away from the Main Road of Minglanilla (Just meters away)
   2. Prices starts at 1.7M Only!
   3. AFFORDABLE FINANCING SCHEMES! NO HIDDEN CHARGES! NO MISCELLANEOUS FEE!
   4. Houses with superior qualilty, with supervision by A.I TECHNOLOGY (U.S Based construction management group)
   5. Low density subdivision project with a total of 31 houses only!
   6. Subdivision project is secured by pre-cast concrete perimeter fences with GATED ENTRANCE and GUARDHOUSE
   7. UNOBSTRUCTED MOUNTAIN VIEW
   8. Superior quality housing with BIG LOT AREA FOR EXPANSION BENEFITS!
   9. Site Development is elevated with excellent underground drainage system (FLOOD IS IMPOSSIBLE)
10. HOUSE CONSTRUCTION PERIOD: 3 MONTHS!
11. 2 Access roads towards the subdivision
12. Near HOSPITALS, MARKET PLACES, CHURCHES, and A STONE THROW AWAY FROM GAISANO MINGLANILLA (Soon to rise)
13. SRP gives accessibility to the city within 15 minutes time

Payment Terms

• 30% downpayment,payable in 18 months interest free

• 70% balance - In house financing,payable over 2 years at 14% per annum, 3 years at 16% per annum, 4 years at 18% per annum or 5 years at 18% per annum

• Bank financing and Pag-Ibig also available

Reservation Requirements for Local Buyers

    * Upon reservation, buyers will be asked to fill up a Reservation Agreement form with a reservation fee of P20,000 per lot.
    * Reservation fee is non-refundable and non transferable and is valid for 30 days only. The following documents must be submitted within the 30 days from reservation:
    * 1.      Signed reservation agreement form.
    * 2.      Photocopy of valid ID.
    * 3.      Special Power of Attorney should be executed for buyers outside the country and is signed and sealed by the Philippine Consul.
    * 4.      Valid ID of the Special Power of Attorney holder.
    * 5.      Tax Identification Number (TIN) of buyer.
    * 6.      Community Tax Certificate Number (CTC) if applicable.

After submission of the required documents, buyers will be asked to sign a Contract to sell. To avoid the cancellation of the reservation, please make sure to submit all the above documents within 30 days from the reservation date.

ALL RESERVATIONS MADE BY CLIENTS ARE SUBJECT FOR AN APPROVAL OF THE COMPANY (NEXUS REAL ESTATE)

A. Payments and Financing

    * 1.      Cash WITH 10% DISCOUNT
    * 2.      In-house financing, with a maximum term of 5 years.
    * 3.      External financing :

a. Bank

b. Pag-Ibig (Home Development Mutual Fund)

Based on the terms of payment agreed upon in the reservation agreement or the Contract to Sell, customers are required to start paying their downpayment 30 days after the reservation date.

Minimum downpayment required:

THIRTY (30%) PERCENT

MODE OF PAYMENTS:

Cash or dated checks

Post dated checks, to cover monthly amortization (Maximum of sixty (60) checks). Local buyers are required to issue post dated checks.

REQUIREMENTS FOR IN-HOUSE FINANCING:

    * Financial documents (latest)
    * Post dated checks for 5 years.
    * MRI (Mortgage redemption insurance) issued by accredited insurance company.

Fire Insurance
READY FOR OCCUPANCY MODELS AVAILABLE SOON ! ~ NO MISCELLANEOUS FEE !

PAG-IBIG LOAN REQUIREMENTS

If Employed or Self-employed:
* Community Tax Certificate
* Proof of Billing (original)
* T.I.N. (Tax ID Number)
* Latest pay slip of borrower and spouse (original)
* 2 pcs HDMF Premium Contribution Certificate (original)
* Marriage Contract or Birth Certificate (Photocopy)
* W2 BIR form (photocopy)
* 2 pcs Notarized Certificate of Employment with Compensation (original)
* Post dated checks for down payment
* 24 month Pag-ibig contribution for members. For non-members, pay 24 months contribution upon reservation

If OCW:
All of the above plus the following:
* 3 pcs Notarized Special Power of Attorney (SPA)
* Income Tax Return and W2 confirmation receipt for the last 2 years immediately preceeding date of loan application
* Notarized Employment Contract and Employer's Certificate of Income duly certified by employer.
Note: All original

Features and Amenities