BLOQ RESIDENCES SIKATUNA, near Universities in Cebu
FEBRUARY 2025 UPDATE: BLOQ Residences Sikatuna is a 2-Tower modern-industrial condominium project right in front of Zapatera Elementary School. We still have some Ready for Occupancy (RFO) units in Tower 1, while Tower 2 is still at its pre-selling stage (SOLD OUT). It introduces affordable city living in a boutique condominium development that you will surely love.
BLOQ Residences Sikatuna makes independence an easy choice for young people who always dreamed of coming into their own. Designed with today’s early front runners in mind, BLOQ Residences Sikatuna is set to start success stories and become a life-changing podium for freedom.
BLOQ Residences Sikatuna is affordably priced with stress-free payment schemes that especially consider first-time real estate buyers.
BLOQ Residences Sikatuna TOWER 2 Project Brief:
21-storey building
300+ units (studio, loft, 2-bedroom units)
regular and mechanize parking
TURNOVER PERIOD: Last Quarter of 2023.
Estimated Condo dues: P80 to P100 per sqm.
Estimated Move-in fees: P15,000 to P20,000
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UNIVERSITIES:
University of San Carlos – Main
Cebu Normal University
University of Cebu – Main
University of San Jose Recoletos
CHURCHES:
Sacred Heart Parish Church
Redemptorist Parish Church
Cathedral
Basilica Del Sto. Nino
HOSPITALS:
Cebu Community Hospital
Velez Hospital
Perpetual Succor Hospital
ACCESSIBILITY: All jeepneys going to and from Colon and Universities.
NOTE: Real Estate property value is appreciating everyday, above prices will increase without prior notice. Thus, if you want to invest in this property, better toRESERVE NOW!
ACCREDITED BANKS:
Wealth Bank;
AUB;
China Bank;
Sterling Bank
TERMS AND CONDITION:
All necessary documents must be submitted within 30 days from the date of reservation. Failure to comply, the reservation fee will be forfeited.
Buyer will be qualified to move in to the unit once the income documents are pre-evaluated and has met the required GMI. The developers reserve the right not to accept reservation.
Under the 15-month equity period, all payments will be applied to principal provided that takeout will happen on or before the 15th month.
If no migration will happen on the 15th month, the developer can extend for another 3 months (waivable) provided that TO will happen on or before the 18th month.
In the event of cancellation during the equity period, all payments made will be considered as RENTAL, therefore NO REFUND will be given to the buyer.
If no migration at the end of the 18-month equity period, automatically the buyer will be enrolled to the IN-HOUSE BRIDGING FACILITY with an interest rate of 10.80% payable for 6 months. Under the IHF, only the principal payment will be deducted to the TOO. In the event of cancellation within the duration of the IHF, only the principal payment will be refunded. The payments made during the equity period will still be treated as RENTAL.
Buyer will issue a total of 16 checks:
Equity Period – 15 cheques
Security Check – 1 cheque (balance at the end of the 15th month equity)
Bank housing loan application will be set at the value equivalent to 90% of the total outstanding obligation (TOO).
Under this payment scheme, no major renovation is allowed until the account will be successfully migrated to bank financing.