TERMS AND CONDITION
(AS OF APRIL 15 , 2004)


Alta Vista, Metropolis-Cebu, Metropolis-Iloilo, El Monte Verde, Royale Cebu,Vista Grande, Vistamar,

I. 20 % Downpayment:
 
* 805 Balance  payable as follows:
A. within TWo(2) years ZERO interest
B. Within five (5) to TEN (10) years @ 18% interest

II. No Downpayment Term:

A. Total Contract price LESS Reservation payable within TWO (2) years @ ZERO interest.
B. Total Contract price LESS Reservation payable within FIVE (5) five years @ 18% interest.

DISCOUNTS:
I. Cash Sale:

A. 12% Discount on the Total Contract price if paid within SEVEN (7) days.
B. 10% Discount on the Total Contract Price if paid within THIRTY (30) days.
C. 8% Discount on the Total Contract Price if paid within SIXTY (60) days.
D. 6% Discount on the Total Contract Price if paid within NINETY (90) days.

II. Installment Sale:

A. 10% Discount on the 20% downpayment if paid within SEVEN (7) days.
B.  7% Discount on the 20% downpayment if paid within THIRTY (30) days.
C.  5% Discount on the downpayment if paid within SIXTY (60) days.