An Investment Proposal. FOREIGNERS CAN BUY! 100% FOREIGN OWNERSHIP ALLOWED!

Discover La Mirada - the ultimate in beachfront modern day homes at Residencia de Vistamar.

"A Princely Investment in a Watercourt Sanctuary"

Following the sold-out success of the now fully operational SOTOGRANDE HOTEL & RESIDENCES, Here comes LA MIRADA.  the second of four Towers in a world-class resort community-to Residencia De Vistamar:

La Mirada is located at Mactan the most prime tourist destination in Cebu, it offers luxurious living and a breathtaking 360 degree view of Hilutungan Channel.

La Mirada at Residencia de Vistamar is a 15-storey
waterfront condominium, inspired by spanish -Mediterranean architecture.

It provides you the lifestyle of luxurious living with a proximity to
numerous landmarks like Lapu-Lapu shrine, Mactan International Airport, Shangri-la Resort Hotel, Hilton Hotel, and many more. As a unit owner, you can enjoy the first-rate amenities and leisure facilities of the well-known adjacent fully operational Vistamar Country Club including fine dining facilities,function rooms for parties and celebrations, fully-furnished vacation villas, tennis court, basketball court and playground, which is the first of its kind in Mactan. In addition to that, adjacent Sotogrande Hotel's well-appointed suites and the surrounding seas and shores are great for island hopping and water sports activities for you, your family or for your guests.

AMENITIES IN BEACH RESORT AND COUNTRY CLUB
*Clubhouse
*Function rooms
*Ballroom
*Conference & Banquets

1) Grand Ballroom 1 & 2
2)KTV
3) Fine Dining

*DISCOTHEQUE
*RESTAURANT

1) FOODS & BEVERAGE FACILITIES
*Coffee shop/bar

*SPANISH TYPE VILLA WITH AIRCONDITIONER & HOT/COLD WATER
1) Bay view rooms
2) Cable TV
3) Mini Bar
4) Room service

*Open tennis court
*Open Basketball / Vollyball court
*Billiards
*Badminton
*Darts
*Boardwalk * Wharf

*SWIMMING POOLS
1) Eternity pool
2) Kiddie pool
3) Villas pool

LA MIRADA has its own amenities and facilities such as Swimming Pool and Multi purpose Hall other than that of Vistamar Country Club.

PRODUCT OFFERING:
1) STUDIO TYPE---48.95 sqm, 49.02 sqm, 42.42 sqm ,45.63 sqm
2) 1 BEDROOM----80.36 sqm, 93.74 sqm ,59.52 sqm, 60.27 sqm
3) 2 BEDROOMS ---82.07 sqm, 86.43 sqm, 97.32 sqm, 101.63 sqm

-With 152 units
-Flat Design and all units has balcony.
-4rth Floor Units has garden and big balcony

4RTH TO 10TH FLOOR LOCATION
UNIT A & B--- are  facing Shangrilla hotel
UNIT C & D---are facing the sea
UNIT E & F----are facing Maribago side
UNIT G & H---are facing Lapulapu City

Building Features:
-2 Service & Passenger Elevators
-24-Hour Security
-Electricity & Water Supply System
-Provision for Cable tv and telephone lines
-Tower Lobby
-Underground storm and drainage system
-Cemented Curbs & Gutters
-Cemented Sidewalk w/ promenade trees
-Centralized Interrelated water system
-Mercury lamps along the road
-Complete electrical facilities
-Provision for hot water supply line
-Automatic Smoke Detectors & Fire alarm w/ sprinkler system
-CCTV monitoring on selected common tourists
-Annunciator panel with emergency speakers at all floors
-Standby power generator for common areas

FLOOR DESCRIPTION
-14th to 15th FLOOR = 2 bedrooms w/ parking
-11th to 12th Floor = 1 bedroom with parking slot
-5th to 10th Floor  = Studio & 1 bedroom
-4rth Floor         = Studio & 1 BR w/ garden space
-2nd to 3rd Floor   = Parking
-Ground Floor       = Lobby,Amenities & Parking

NOTE: 5TH TO 8TH FLOOR ARE CONDOTEL UNITS

Parking is optional. P450,000
All Studio are exclusive of parking slot.

CONDOTEL UNITS
5TH FLOOR (W/ BALCONY)
STUDIO UNIT F--37.435 SQM--P3,987,867.50
STUDIO UNIT G-- 40.693 SQM--P4,282,716.50
STUDIO UNIT H--40.810 SQM--P4,293,305.00

1 BEDROOM UNIT E--54.417 SQM--P5,674,738.50
1 BEDROOM UNIT F--54.520 SQM --P5,684,060.00
1 BEDROOM UNIT G--55.310 SQM--P5,755,555.00
1 BEDROOM UNIT H--55.072 SQM--P5,734,016.00

CONDOTEL UNITS
6TH FLOOR (W/ BALCONY)
STUDIO UNIT C--40.781 SQM--P4,290,680.50
STUDIO UNIT G--40.683 SQM--P4,281,811.50
STUDIO UNIT H--40.852 SQM--P4,297,106.00

1 BEDROOM UNIT A--54.382 SQM--P5,671,571.00

1BEDROOM UNIT D--55.176 SQM--P5,743,428.00
1 BEDROOM UNIT E--54.436 SQM--P5,676,458.00
1 BEDROOM UNIT F--54.368 SQM--P5,670,304.00
1 BEDROOM UNIT G--55.266 SQM--P5,751,573.00
1 BEDROOM UNIT H--55.257 SQM--P5,750,758.50

CONDOTEL UNITS
7TH FLOOR (W/ BALCONY)
STUDIO UNIT C--40.959 SQM--P4,306,789.50
STUDIO UNIT D--40.626 SQM--P4,276,653.00
STUDIO UNIT G--40.802 SQM--P4,292,581.00

1 BEDROOM UNIT E--54.461 SQM--P5,678,720.50
1 BEDROOM UNIT F--54.316 SQM--P5,685,598.00
1 BEDROOM UNIT G--55.288 SQM--P

CONDOTEL UNITS
8TH FLOOR (W/ BALCONY)
STUDIO UNIT E--37.485 SQM--P3,992,392.50
STUDIO UNIT F--37.404 SQM--P3,985,062.00
STUDIO UNIT G--40.772 SQM--P4,289,866.00
STUDIO UNIT H--40.534 SQM--P4,268,327.00

1 BEDROOM UNIT F--54.311 SQM--P5,665,145.50
1BEDROOM UNIT G--55.300 SQM---P5,754,650.00
_____________________________

5TH FLOOR

STUDIO TYPE  (SAMPLE COMPUTATION)
Unit H= 40.810 sqm ( w/ balcony)
Total Contract Price--P4,293,305.00
Reservation  Fee --P50,000.00

Scheme 1 Payment --15% downpayment, 85% balance payable:
Less Reservation Fee--P50,000.00
Net DP w/ 5% discount = P561,795.96

85%  Balance
=balance 3 years no interest = P101,369.70
=5 years monthly amort. --P84,919.43 (14% int)                       
-10 years to pay monthly--P61,125.93  (16% int)   

Scheme 2 Payment --CASH with discounts.
Total Selling Price = P4,293,305.00
Less reservation fee----P50,000.00
15% disc. if paid within 7 days-P3,599,309.25
12% disc. if paid in 30 days---P3,728,108.40
10% disc. if paid in 60 days --P3,813,974.50


Scheme 3 Payment --50% -89% downpayment w/ discount, 50% balance payable as follows: 
50% Downpayment w/ discounts:
Less Reservation Fee--P50,000.00
12% disc. if paid in 7 days--P1,839,054.20
9%  disc. if paid in 30 days--P1,903,453.78
7% disc. if paid in 60 days--P1,946,385.83

50% Balance payable as follow:

3 years, (no interest)---P59,629.24
5 years monthly amort. --P49,952.60 (14% int)                       
10 years to pay monthly--P35,956.43  (16% int)  

Scheme 4 Payment--20% to 49% downpayment, 80% balance
payable as follows:

20% Downpayment with discounts:
Less Reservation Fee--P50,000.00
10% disc. if paid in 7 days--P722,794.90
7%  disc. if paid in 30 days--P748,554.73
5% disc. if paid in 60 days--765,727.95

80% Balance payable as follows:
3 years, (no interest)---P95,406.78
5 years monthly amort. --P79,924.17 (14% int)                      
10 years to pay monthly--P57,530.29  (16% int)   

MODES OF PAYMENT:

RESERVATION FEE -----P50,000.00
1) SPOT CASH - with 15% discount.

2) 50% downpayment, 50% balance payable in 3 years w/out interest,
     5 years w/ 14% interest, and 10 years w/ 16% interest/annum.

3) 20% downpayment, 80% balance payable in 3 years free interest, 5 years w/ 14% interest, and 10 years w/ 16% interest/annum.
___________________________

WHY CONDOTEL ?
1) Hassle-free ownership in step w/ the maintenance & organization
     of the unit.

2) An income to offset some of the ownership expenses.
3) A real estate investment. (Value appreciation)
4) Sell for profit in the future.

WHY LA MIRADA CONDOTEL?
-Proximity to airport
-The ONLY BEACH CONDOTEL to operate in Cebu apart from her
  brother SOTO GRANDE HOTEL
-The UNIQUE Reciprocity Program
-30 days complimentary use of unit owner
-No start up working capital
-Transparency of ROI computations
-Sta Lucia Land Inc.

THE CONDOTEL SHARING
-From the Gross Room Rental Revenue, a total of Operating Expenses
  will be deducted.
-Net Profit will be shared at a 70:30 Ratio
-70% for Condotel unit owners
-30% will serve as Soto Grande's management fee.

WHEN DO YOU START EARNING DIVIDENS?
-When the Condotel is OPERATIONAL
-Full 20% downpayment and is in good standing(no delinquency)

RETURN OF INVESTMENT
ASSUMPTION AND CALCULATION:

ANNUAL ROOM RENTAL REVENUE @ 100% OCCUPANCY
40 rooms x P2,300.00 average room rate x 365 days =P33,580,000

1rst year Occupancy rate at 45%   = P15,111,000
2nd year Occupancy rate at  70%   = P23,506,000

NOTE: These are only assumptions. Actual figures may vary based on
Room Rental Avenue

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