Name of Project: Casa Mira Towers
Location: LPU Town Davao, Sun City Rd corner Diversion Highway, Barangay Sasa, Buhangin District, Davao City
CASA MIRA TOWERS DAVAO
The deal will also bring CLI’s flagship Casa Mira Towers to LPU Town Davao as a housing option for students.
Cebu Land Masters is partnered with Lyceum of the Philippines to develop a university township in Davao City.
Under the partnership, CLI will develop Lyceum’s Davao campus into a mixed-used property, the company told the stock exchange. The development is set to begin by the fourth quarter.
The 17-hectare property will house academic, residential, commercial, office, hotel and convention components, with 5.2 hectares dedicated to the LPU Davao campus, the company said
“Our vision together with Lyceum of the Philippines University is to make LPU Town Davao a premier university township,” said Cebu Landmasters chairman and CEO Jose Soberano III.
Less than 10 mins away from Davao International Airport.
Sample Computation:
Total Contract Price: Php 4,948,416.00
1. Reservation fee: 10,000
2.12% Equity/ Down Payment: Php 541,800 Payable for 42 months:
Monthly equity: Php 12,900/month for 42 months
3. 90% Estimated Loanable Amount : Php 4,030,066.23
Bank Financing Sample Computation:
* 15 years @ Php 42,083/month
* 10 years @ Php 52,148/month
* 5 years @ Php 84,639/month
Reservation fee is NON-refundable and NON-transferable