2. Taft Property Venture Development Corporation
COMPANY BACKGROUND
Taft Property Venture Development Corporation
Backed by VICSAL Development Corporation, the company that gave us the Metro Gaisano chain of stores
Started its operation in 1997
Envisions to develop quality and affordable housing in Cebu.
Developments
Palmas Verdes (Mediterranean-inspired)
Nichols Park (Traditional English-inspired)
Palm Heights (Californian-inspired)
Hacienda Salinas ( Spanish-inspired )

3. My Paradise in Cebu City
Total Land Area 4 has
Location Salinas Drive Extension, Lahug, Across Beverly Hills
3 mins to JY Square Mall & Lahug Market
6-8 mins to Waterfront Hotel, Marco Polo,
Asiatown IT Park, & St. Therese Parish
10 mins to Ayala Mall & Cebu Business Park
700 m from the highway
Theme Spanish-inspired subdivision with 160 units
Accessible thru three (3) routes:
1. Beverly Hills access, passing thru Canyon Road then thru Elisa Valley (1km)
2. Sanson Rd. beside Petron across JY Square Mall at Lahug, Cebu City (600 m)
3. Salinas Drive Ext. beside Aderan Hotel (thru the market – 500 m)
House & Lots
and
Lots Only

4. Hacienda Salinas

5. Hacienda Salinas

6. Hacienda Salinas Picasso Single detached 3 BR | 3 T&B|1 Maid’s Rm
Balcony | 1 Carport
Lot sqm
Floor 122 sqm
Price Php 8M above
Michelangelo
Duplex
3 BR | 2 T&B | 1 Maid’s Rm
Lot sqm
Floor sqm
Price Php 5M above
Goya
Townhouse
3 BR | 3 T&B
Lot sqm
Floor 70, 115 sqm
Price Php 4M above

7. SPOT CASH DEFERRED CASH IN-HOUSE FINANCING BANK FINANCING
FINANCING SCHEMES
SPOT CASH
DEFERRED CASH
IN-HOUSE FINANCING
BANK FINANCING

8. FORMULAS 1.) 30% DOWN PAYMENT= TCP x 30% = P3,000,000.00
Monthly DP for 12 mos = (30% DP – RF) = P3,000,000 –P100, = P241,666.67
2.) 70% LOANABLE AMOUNT (LA) = TCP x 70% = P 7,000,000.00
3.)Montly Amortization (MA) for 5 yrs In-house = 70% LA + (70% LA x 16% x 5) 60
= P7,000, P5,600, = P12,600,000
= P210,000.00
4.) Required Gross Family Income for In-house 5 yrs = MA 5 yrs = P 210,000.00=P700,000
30% %
5.)Montly Amortization (MA) for 10 yrs Wealthbank = 70% LA x PV Factor= P 93,477.30
6.) Reqrd Gross Family Income for Bank 10 yrs = MA 10 yrs = P 93, = P311,591.00
30% %
7.) Spot Cash Discount = NTCP x 5%= P8,000, x 5% = P 400,000.00
8.) Spot DP Discount = NTCP x 30% x 5% = P 120,000.00
9.) MSF if Spot Cash = (NTCP – SC Discount )x2.5 %= (P8,000, –P400,000.00) x 2.5%= P 190,000.00
10.) MSF if In- house = NTCP x 2.5%= P8,000, x 2.5% = P 200,000.00

9. REQUIREMENTS FOR MOVE-IN
HOUSE TURNOVER
REQUIREMENTS FOR MOVE-IN
Payment of at least 30% down payment
Post-dated checks equivalent to the number of months the account is payable
Submission of standard requirements
Completely signed Contract to sell and other legal documents
Filled-out and signed MRI insurance and fire insurance
Letter of Guarantee from the bank for Bank Financing Scheme accounts
CONDITIONS CONCERNING MOVE-IN
Constructed Units
House Inspection/walk-thru with client, broker, engineering, AMG and PMG
Issues residency permit to the unit owner
Actual house turn-over is 2 to 3 months after walk-thru depending on Current house status
Unconstructed Units
House construction duration is months depending on current status of the subdivision.
House inspection/walk thru
Actual house turn-over is 2 to 3 months after house inspection
ACCOUNT MANAGEMENT GROUP

10. STANDARD REQUIREMENTS See NOTES for other Major Requirements
Birth Certificate
Marriage Certificate
Passport
Valid ID
Residence Certificate
TIN/BIR Form
Proof of Income/Billing
Affidavit of Waiver from Foreign Spouse (for Filipinos married to foreigners)
Affidavit of Support (for unemployed Filipino spouses)
See NOTES for other Major Requirements
ACCOUNT MANAGEMENT GROUP

11. RESTRICTION HIGHLIGHTS
Use of Lot
Building & Structure
Fences
Homeowners Association
PROPERTY MANAGEMENT GROUP

12. HOUSE REVISIONS EXTERIOR INTERIOR
No revisions are allowed on the exteriors of the house more specifically if it affects its façade.
Extensions and improvements not affecting the design of the house are allowable and is subject for approval of the developer.
The buyer must submit its plans and cost estimates to the company to be evaluated by the engineering team.
INTERIOR
Revisions and or improvements of the interiors of the house are allowed based on the following conditions:
As long as the expansions/revisions will not affect the structural stability of the house.
Any additional materials and or labor resulting from the revisions, its cost will be paid for by the client.
PROPERTY MANAGEMENT GROUP

13. PURELY RENTALS PROMO MICHELANGELO UNITS
Furnished P50, Unfurnished P35,000.00
Exclusive of VAT and HOA dues
NOTE: Marketing Service Fees is equivalent to one month rental.
TERMS & CONDITIONS
Minimum term is one (1) year contract, however, client may renew his/ her contract.
We require three (3) months deposit and three (3) months advance, plus a minimum of nine (9) post dated checks (PDCs), depending on the number of years in contract.
Furnished unit is with beds in all bedrooms, aircon in all bedrooms, curtains, dining table, gas range, refrigerator, washing machine, sofa, TV, and lightings.
Price escalation is ten percent (10%) on the second year.
Homeowners Association due is P15.00/ sq.m. per month (base on lot area)
Electric and Water Bills will depend on client’s actual consumption.
Additional payment of P for client’s Homeowner’s ID and another P for Car Pass (for each car).
Five members may use the swimming pool for free. In excess of five (5), there will be a P charge per person.