MARIA LUISA ESTATE PARK
FACT SHEET

 


The Maria Luisa Park development is designed to epitomize Cebu Lifestyle at its BEST. The lots were designed to maximize the city, mountain and valley views as well as the building potential of every property. Privacy and security are priorities. Ideally located in Banilad, Cebu City. It  is the only remaining high-end quality subdivision that can boast of proximity to the heart of the city where home is a mere 5 -10 minute drive away from work, school and malls. Once you live in Maria Luisa Estate Park, you wouldn't want to live anywhere else.

 

1. How big is the development?
Maria Luisa Estate Park is a 200-hectare fully developed project. The last   phases for sale are broken down to the following:
Phase 8 - 22 hectares
Phase 9 - 39 hectares 
Phase 10 - 12 hectares
Phase 11- 4.6 hectares
 
2.  Where is it located?
Located in Banilad, Cebu City bordered by the Busay and Talamban Hills.
 
3.  Where are the access points to the subdivision?
Main access is thru Banilad. The 2nd access is thru Nivel Hills, Busay that is just 5 minutes away from JY square, Lahug.
 
4.  What are'the lot sizes?
Phase 8 - 230-1,383 square meters
Phase 9 - 342-1,959 square meters
Phase 10 - 520-1,467 square meters
Phase 11- 700-1,515 square meters
 
5.  How much is the investment per square meter?
Maria Luisa Park lots start from as low as Php3, 500 per square meter up to Php 10,000 per square meter for the super prime lots.
 
6.  How long will it take to reach the new phases?
The develpoment is less than 10 minutes away from Cebu's business district.
 
From Banilad Gate to Phase 8 - 5 minutes
                                      Phase 9 - 6 minutes
                                      Phase 10 - 4 minutes
                                      Phase 11 - minutes

From busay Gate to Phase 8 - 8 minutes
                                    Phase 9 - immediately upon entering
                                    Phase 10 - 6 minutes
                                    Phase 11 - 9 minutes
 
7.  How far is the project from shopping malls and airport?
With the Banilad Access, Country Mall is only a 2-minute drive away.
With the Busay Access JY Square  Mall is only a 5-minute drive away.
Airport is 12 kilometers away. Pier is 7 kilometers away.
 
8.  What are the existing amenities?
Park, Basketball Court and Clubhouse  in Phase 2
Imported American Playground in Phase 8 (Swings/Slides/Monkey Bar/Seesaw
Emerald Lake Valley (1.6 hectare park) in Phase 6 where you can enjoy beautifully landscaped picnic grounds, bicycle and jogging path, fully stocked fishing grounds.
 
9.  What other amenities can be expected?
Highland Park at Maria Luisa is a half-hectare project with the most magnificent view of Cebu! This park will have a beautiful and scenic Miles Long Jogging Path, World-Class Children's Play Ground and Picnic Areas. All these will be designed by world-renowned landscape architect M& Shirley Sanders (her projects include the Mactan Shangri-La, The Palace Garden of the Sheik of Dubai, Intercontinental Hotel of Manila and Bohol Beach Club). This will be located at the top of Phase 9, close to the Busay Gate entrance and will be completed by last quarter of this year
Basketball and Tennis facilities plus a Playground will also be completed this 2004. This will be located in Phase 9 valley and will be designed by top Cebu architect, Architect Ed Gallego
 
10.   Maria Luisa Park is big, how can homeowners be assured of their safety    and    security
Security is a priority in Maria Luisa Park. Besides the tight security at each entrance gate, we have 5 guards outposts stragegically and visibly located all over the subdivision. Security guards at these outposts are tasked to roam around their respective areas every 2 hours. Phases 9 and 11 have their own-gated entrances with guards. All these are provided to ensure the security of homeowners.


 

TECHNICAL

 

1. What about the water system? Is there sufficient water supply?
Maria Luisa Park has abundant water source with 5 deep wells and 9 watwr tanks, the biggest of which has a capacity to store 51,000 gallons of water. Stand-by generators are provided to pump water during brownouts to ensure continous supply. It is more than enough to supply all the residents of Maria Luisa Park.
 
2. What is the highest elevation in the subdivision?
The highest subdivision is 2.30 meters above mean sea level.
 
3. Are utilities like telephone, cable and electricity already in place?
Electricity are ready for homeowner's to tap, this is provided for by VECO.
Telephone and internet DSL connections provided for by Globelines and PLDT. Skycable provides for Cable connections.
 
4. Is there a required minimum value of houses to be built?
Houses to be built should not cost less that 2 Millions pesos.
 
5. What is the minimum building height allowed and what are the easement requirements?
Houses can be built up to 20 feet from the highest point of property. This is to allow each home to have the best-unobstructed views of the city, mountains and valleys. Setbacks are 3 meters at the front and easements are 2 meters on the sides and the back.
Some valley lots in Phases 8 & 9 can enjoy height allowances of up to 28 feet high.
Please ask for a copy of the Deed of Restrictions for detailed information on building regulations.


 

FINANCING

 

1. Is the Php 50,000 reservation fee refundable and transferable?
Reservation fee is good for 30 days. It is non-refundable and non-transferable.
 
2. Is there a discount for cash payment?
Yes, we have a 10% discount for cash payments due to 30 days after reservation
For 30% downpayment, there is 5% discount on the 30% down payment.
 
3. What financing schemes do you have?
We have flexible payment schemes that make it easy for our clients to own a property in Maria Luisa Estate Park.

There are all In-House Financing and will require ONLY Postdated Checks

Extended Cash - After the reservation, Balance is payable in 24 MONTHS with NO INTEREST

NO DOWNPAYMENTS - After the reservation, No downpayment is required, Balance is payable in 3 years and 5 years at 13% & 18% per annum interest respectively.

DISCOUNTED DOWNPAYMENT-
A 5% discount will be applied on the 30% downpayment. The 70% Balance can be payable in: 24 months No interest Or 3 and 5 years at 13% 18% interest per annum respectively.
 
4. Can I choose any bank to service my financing?
We have accreditation arrangements with BPI, Metro Bank, PS Bank and City Savings Bank.


 

DOCUMENTATION

 

1. Do all your lots have clean Titles?
Yes, We don't sell lots that aren't titled. And we guarantee that all our titles are free from liens and encumbrances.
 
2. How long will processing of individual titles take?
With complete documents and full payment, it will take approximately 2-3 months to transfer titles to the buyer's name.
 
3. When can I build my home in Maria Luisa Park?
Full payment is required before you can start building your home.
 
4. How much are the Homeowner's dues?
For Lots owners = 30 centavos x area
For House & Lot owners = 60 centavos x area
Plus Php 280/month garbage disposal system