Vitale Suites: A Singapore Inspired Living in Mandaue City
Vitale Suites stands tall as a 22-story tower situated at the intersection of F. Cabahug St. and Hernan Cortes in Mandaue City, Cebu. Its operations and management will be overseen by The Ascott Limited, the world’s largest services residence owner-operator.
Originating from Singapore, The Ascott Limited has emerged as a prominent figure in the realm of international lodging ownership and operation. With a portfolio comprising approximately 112,000 serviced units, the company boasts a global presence in 182 cities across 34 countries.
LOCATION:
Vitale Suites will feature accommodations and amenities tailored to accommodate individuals with physical disabilities. This encompasses offering alternative access methods such as ramps and lifts (elevators) to address mobility challenges. This approach is commonly referred to as universal, inclusive, or barrier-free design.
BUILDING COMPOSITION
PROJECT DETAILS
- 150 Serviced Suites (to be managed by Citadines)
- 233 Residential Suites (54 Premium Barrier-Free Units and 110 Typical Residential Units)
- Property Type: Mixed used Condominium Project
- Products: Serviced Suites & Residential Suites
- No. of floors: 23
- Sizes of unit: 22 to 48 sqm
- Low to Medium Density Development: No. of units vary between 13 & 28 suites per floor, preventing a negative impact on health and social sustainability
- Unit types: SOHO, Studio, 1-Bedroom
- Parking Level: lower & upper ground floors
- TARGET TURN OVER: Q4 2027
BUILDING FEATURES
- two (2) separate entrances: serviced suites and residential suites
- two (2) passenger and one (1) service elevator for Serviced Suite Floors and two (2) elevators for Residential Suites Floors
- 2-hour security service with CCTV system for common areas and elevator cars
- 100% back-up power
- Fully-addressable Fire and Smoke Detection system
- two (2) fire exists per floor
- water reservoir and separate fire reserves
- PWD Friendly Features
ATHLEISURE LIVING AT ITS PEAK
Vitale Suites features a residential, recreational and retail mix that puts well being at the center of its dynamic, stylish and wellness-driven deisgn.
AVAILABLE UNITS
MODEL UNITS
SAMPLE COMPUTATION:
STANDARD STUDIO UNIT- RESIDENTIAL
STUDIO RESIDENTIAL UNIT (Unit 1516)
Floor Area: 25.29 sq.m
Unit Price: 3,964,400
Add 12% VAT: 475,728
Misc Fees: 317,152
Total Contract Price: 4,757,280
Payment Scheme: 11% in 48 months/ 0.5% every 6 months / 85% Balance
Less Reservation Fee: 25,000
Equity: 10, 381.27 for 48 months
Balloon every 6 months: 34,167.67
85% Balance loanable to Bank: 4,043,688
STUDIO UNIT ACCESSIBLE – RESIDENTIAL (PWD-FRIENDLY UNIT)
STUDIO UNIT ACCESSIBLE RESIDENTIAL
Floor Area: 33.82 sq.m
Unit Price: 5,466,000
Add 12% VAT: 655,920
Misc Fees: 437,280
Total Contract Price: 6,559,200
Payment Scheme: 11% in 48 months/ 0.5% every 6 months / 85% Balance
Less Reservation Fee: 25,000
Equity: 14,510.67 for 48 months
Balloon every 6 months: 47,306.67
85% Balance loanable to Bank: 5,575,320
1-BEDROOM UNIT- RESIDENTIAL
1-BEDROOM RESIDENTIAL UNIT (Unit 1422)
Floor Area: 43.99 sq.m
Unit Price: 6,822,700
Add 12% VAT: 818,724
Misc Fees: 545,816
Total Contract Price: 8,187,240
Payment Scheme: 11% in 48 months/ 0.5% every 6 months / 85% Balance
Less Reservation Fee: 25,000
Equity: 18,241.59 for 48 months
Balloon every 6 months: 59,177.79
85% Balance loanable to Bank: 6,959,154
STUDIO SUITE – SERVICED UNIT
STUDIO SUITE – SERVICED UNIT (Unit 1905)
Floor Area: 28.85 sq.m
Unit Price: 5,089,100.00
FF & E: 1,038,600
Less Promo: 150,000
Add 12% VAT: 717,324
Set Up Fees: 245,108
Misc Fees: 478,216
Total Contract Price: 7,418,348
Payment Scheme: 15% / 25% in 47 months / 60% Balance
Less Reservation Fee: 100,000
Spot 15% after 30 days: 1,012,752.20
Monthly Equity in 47 months: 39,459.30
60% Balance loanable to Bank: 4,451,008.70
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