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Cool Suites Residences – Condos For Sale In Tagaytay City, Cavite

Cool Suites Residences – Condos For Sale In Tagaytay City, Cavite Banner

Cool Suites Residences Located at the heart of Tagaytay, this 15-hectare property offers the tranquil splendor of nature combined with luxurious country-club amenities, perfect for families to enjoy. SMDC Cool Suites address is Brgy. Maharlika West, Tagaytay City.

SMDC Cool Suites brings a refreshing feeling of having your own place like no other. You will find a very relaxing home which never gets out of style. Situated in the middle of the one of the best tourists’ destination in the Philippines, Tagaytay City, you will never go wrong as this might serve as your secret hide-away from a busy work-week or even the stressful life that the city brings. Enjoy the peacefulness, the mountain breeze, the cold weather and forget your worries as you stay with comfort on your place here in Cool Suites.

An amazing opportunity, call +63917 530 5817(Viber/Whatsapp/IMO/Skype) today for an appointment as this property is high in demand and will not be on the market for long.

About Cool Suites Residences

Site AddressAguinaldo Highway (Tagaytay-Nasugbu Highway), Barangay Maharlika West, Tagaytay City, Cavite, Philippines
Land Area3.07 Hectares
No. of Buildings6
Floors per building40 unit per floor 10 residential floors each
No. of Units741
Parking AreasBasement 1 to Basement 2
Parking Space
Tower A 50 parking slots
Tower B 54 parking slots
Unit Turn-overComplete
Price RangePHP2.6M and up
DeveloperSM Development Corporation (SMDC)
Track Record as Developer19 yrs (since 1996)

Condo Units Available for Sale at Cool Suites Residences

Tower : TOWER 1
Unit Type:  1 Bedroom w/ Balcony
Floor/Unit Area: ± 23.23 Sqm
View: Facing Facing JP Rizal Rd.
Interior Finish: Complete Finish

 

Tower : TOWER 1
Unit Type:  1 Bedroom w/ Balcony
Floor/Unit Area: ± 23.23 Sqm
View: Facing Facing JP Rizal Rd.
Interior Finish: Complete Finish

 

Note: Price may change without prior notice.

 

Cool Suites Residences – Dress-up Unit

 

Disclaimer: A dressed-up unit is for presentation purposes only to give idea when a unit is furnished.  Appliances, furnitures and fixtures are not included in the quoted price. Please refer to Unit Materials and Finishes for turnover / deliverables.

 

Estimated Condo Turn-Over of Cool Suites Residences

Completed, Ready for Occupancy

Cool Suites Residences Site Development Map

Site Development Map of Cool Suites Residences

(Click image to enlarge)

Cool Suites Residences Sample Computation

Cool Suites Residences Payment Terms & Conditions

Modes of Payment

  • Spot Cash – 100% payable within 30 days. Discount is 10% base on List Price.
  • Spot Downpayment (DP)
    • Option 1 – 10% Spot DP; 90% over 30 months. Discount is 2% base on List Price.
    • Option 2 – 20% Spot DP; 80% over 30 months. Discount is 3.5% base on List Price.
    • Option 3 – 50% Spot DP; 50% over 30 months. Discount is 5% base on List Price
    • Note:  Number of months will shorten as condo construction is near completion.
  • Deferred Payment
    • No downpayment.  Zero interest.
    • Pay full Total Contract Price in 33 months without interest.
  • Spread Downpayment
    • Option 1 – 10% DP in 24 months;  90% Cash or Bank
    • Option 2 – 15% DP in 30 months;  85% Cash or Bank
    • Option 3 – 20% DP in 33 months;  80% Cash or Bank
    • Note:  Number of months will shorten as condo construction is near completion
  • Easy Payment Scheme
    • Option 1 – 10% Spot DP; 10% DP in 30 months; 80% Cash or Bank
    • Option 1 – 20% Spot DP; 10% DP in 30 months; 70% Cash or Bank. Discount is 1% base on List Price
    • Note:  Note:  Number of months will shorten as condo construction is near completion

Loan Terms

  • Bank Financing 
    • Up to 10yrs  for OFW; 15 yrs. for locally employed.
    • Approved loan term depends on age, work & capacity to pay.
    • Interest rate is 7.5% per year but prevailing interest rate apply upon loan take-out.
    • In case Buyer is not approved in Bank Financing for whatever reason, In-House financing will automatically apply.
  • Inhouse Financing
    • Maximum term is 10 yrs.
    • 16% interest per year for 5 yrs term
    • 18% interest per year for 10 yrs. Term
    • Age allowed is 21 – 55 yrs. old

Start of Payment

  • Downpayment  (for Bank & Inhouse financing) – 30 days after reservation date.
  • Amortization (for Bank and Inhouse financing) – after full down payment or DP term.

Total Contract Price (TCP) – include Registrations Fees, Documentary Stamp Tax from BIR, Transfer Tax Fees from city Treasurer’s Office, Water and Meralco Meter Installation, Handling Fees and Miscellaneous fees. However, 12% VAT tax will be added to the TCP if it exceeds Php3.1Million.

Accredited Banks

  • BDO, China Bank, BPI, PNB, HSBC, UCPB

Other Fees to Pay Separately

  • Bank Charges  – for loan processing and documentation expenses.  To be paid directly to the bank before loan take-out.   Estimated bank charges is 3-4% of loanable amount.
  • Insurance – Fire and Mortgage Redemption Insurance (MRI) will be added to monthly amortization by the bank. To be paid directly to the insurance company. Estimated monthly insurances is 0.0006 of loanable amount.
  • Real Property Tax – To be paid when unit is turned-over then every year thereafter.  Tax amount depends on property amount and location.
  • Move-in Fees – are payment of water connection and Homeowner’s membership fee only.  To be paid before move-in.
  • Estimated Homeowners’ Association Monthly Dues:
    • Sea Residences – Php105.00/square meters
    • Shell Residences – Php100.00/square meters
  • Construction Bond (optional) – is required if you construct improvement or renovation of the unit. This is refundable if there is no property damage after construction. Amount depends on scope of improvement.

Important Reminders

  • Reservation fee is non- refundable and not transferable to other units.
  • Downpayment maybe transferred subject to approval, payment of service & transfer fee.
  • Estimated cost of changes is Php45,000.00 per unit request.
  • Promo discount given during reservation is not transferable and refundable.
  • Prices, Terms and Availability are subject to change without prior notice.

Cool Suites Residences Frequently Asked Questions

  1. What is the floor-to-floor height? – (+-) 3 meters
  2. What is the floor to ceiling height? – (+-) 2.4m – 2.7m
  3. How wide is the hallway? – (+-) 1.5 meters
  4. Is there discount for Spot or Full down payment? Discount range vary from 2% – 5% of the down payment depending on the location of the condominium project.
  5. Is there discount for Cash Term (full TCP) payment? Standard discount applicable to all condo projects:
    • 5% – if located in Mall of Asia and Makati area
    • 10% – if located outside Mall of Asia and Makati
  6. Can a residential unit be used for commercial purposes? – No, all residential units shall be used for residential purposes only.
  7. Is the balcony part of the residential area? (for applicable units) – Yes, the balcony forms part of the residential area. However, putting any unsightly fixtures (e.g. clothesline, cleaning materials, etc.) in the balcony that are visible from the exterior of the building is not allowed.
  8. Are walls between units soundproofed? – Yes, up to 40 decibels
  9. How many units can be combined? – A maximum of 5 adjacent units can be combined subject for approval.
  10. Are the tower/building interconnected? – Most of the buildings will be connected at their support level amenities
  11. How is the collection of garbage? – Each floor has garbage room available 7am to 7pm
  12. Are unit main doors facing each other along the hallways? – Yes
  13. How many parking slots can the buyer purchase? – 1 is to 1 and must be unit owner
  14. What are Accredited Banks of SMDC? – BDO, BPI, PNB, Chinabank, Union Bank, HSBC, PSBank, Security Bank, Robinsons bank
  15. Are the unit Perpetual Ownership? – For Filipino buyer, yes it’s Perpetual Ownership and has CCT/Title.
  16. Can foreigner allowed to buy? – Yes. 40% of the total units per project can be alloted to a foreign buyer as Perpetual Ownership.
  17. What if the 40% alloted to foreign buyer is sold-out? – They can still buy from the remaining 60% under ASSIGNMENT OF RIGHT TO USE (ARTU). This is no longer Perpetual Ownership so there’s no CCT/Title. It is leasehold with 50 years contract.
  18. Does ARTU have CCT and CTS? – None. Only Contract of Use but it has the same right like other owners since foreign buyer is assign as proxy/assignee by SMDC.
  19. Can ARTU transfer the Right of Use? – ARTU can only transfer the Rights of Use with the remaining unused term from 50 years.
  20. What is the advantage of ARTU? – It has 10% upfront discount on top of standard discounts.
  21. What are the payment terms of ARTU? – 1.) Deffered Cash ) Spot Cash  3.) Standard DP term but remaining balance is payable in cash
  22. Can buyer under ARTU apply a bank loan? It can’t be applied for bank loan because it has no Title (CCT).
  23. Can foreign buyer apply for a bank loan here in the Philippines? Yes, if unit is under perpetual ownership.
  24. What banks accept loan application from foreign buyer? Union Bank
  25. What are the requirements? Must have a Filipino Atty-in-Fact (SPA) plus basic requirements. If buyer is a holder of Resident Visa, no SPA is required.
  1. What are the fees to pay when transferring unit? Transfer fee, CCT Title Transfer and return the 10% affront discount given during reservation.
  2. Can buyer resell his/her unit under ARTU to a foreigner or Filipino? Transfer fee will apply.
  3. How much is the transfer fee for Perpetual or ARTU units? It’s Php100,00.00
  4. What are the condo projects under ARTU? – Shore Series, Fame, Red, Bloom. Other condo project may follow once the 40% cap is reached.
  5. Are pets allowed in the residential building? – No, the Owner is not allowed to house or keep pets of any kind, even temporarily.
  6. When can a unit owner move in to their unit? – Buyers will be allowed to move in after the following conditions are met:
    • Construction of project has been completed.
    • Buyer has met the payment & documentary requirements for move-in.
    • Buyer has signed the Certificate of Acceptance.
    • Buyer has settled the required Working Capital (equivalent to 3 months Condo Dues).
    • Buyer has submitted the filled out move-in forms.
    • Buyer has attended the orientation on the House Rules conducted by the Property Administration.
    • Buyer has submitted all other documents as may be required by the Property Administration.
  7. How much are the monthly condominium dues? – May still vary depending on the condo location and projected operational cost of the project upon turnover. Estimated amount range from Php70.00 – Php120.00
  8. What is the purpose of collecting condominium dues from the unit owners? – Condominium dues are used to pay the following expenses:
    • Operating and maintenance expenses of the condominium
    • Insurance premiums, real estate and property taxes of the amenities and common areas
    • Permits and licenses fees paid to the government
    • Other necessary expenses
  9. When will a unit owner start paying for the condominium dues? – Payment of condominium dues will start once the unit has been accepted by the unit owner or deemed accepted based on turnover policy.
  10. Who can purchase a parking slot? – Only unit owners can purchase a parking slot.
  11. What happens if a unit owner does not get a parking slot? – Unit owners who did not purchase parking slots may opt to rent parking slots from SMDC Leasing or from other unit owners who are renting out their parking slots.
  12. If a purchased residential unit was cancelled by the buyer, what happens to the purchased parking slot? – With this scenario, the parking slot purchased will also be cancelled.
  13. Are there any fees to be collected for using the facilities/amenities in the condominium? – Yes in some areas like funsction rooms, swimming pool, etc. The use of facilities and amenities are generally covered by the condominium dues. Such fees will be used to cover maintenance and utility costs.

Cool Suites Residences Unit Finishes

Living & Dining

Wall: Painted Cement Finish
Floor: Homogeneous Tiles
Main Door: Wood Laminated Door with Lever Type Lockset

 

Bedroom

Wall: Painted Cement Finish
Floor: Homogeneous Tiles
Partition: Sliding Glass on Laminated Frame (1-BR);
Laminated Wood Door (2-BR)

 

Balcony

Wall: Painted Cement Finish
Floor: Ceramic Tiles

 

Toilet & Bath

Wall: Wall Tiles and Painted Finish
Floor: Ceramic Tiles
Door: Laminated Wood Door with Cylinder Type Lockset

 

Kitchen

Wall: Painted Cement Finish
Floor: Homogeneous Tiles
Countertop: Granite Finish
Kitchen Cabinet: Laminated Wood Grain Finish

Amenities in Cool Suites Residences

Amenities

  • Swimming Pools
  • Lush Gardens
  • Playground
  • Function Rooms
  • Lounge Areas
  • Jogging Trail
  • Commercial Strip

Facilities

  • 3 Elevators
  • Fire Exits
  • Commercial Area at the Ground Floor
  • Mail Room
  • Garbage Disposal Area on Every Floor
  • Automatic Fire Detection and Alarm System
  • Standby generator set for common areas and selected residential outlet
  • Sewerage Treatment Plant

 

Legend:

  1. Clubhouse
  2. Swimming pools
  3. Lobby
  4. Sky lounge

  1. Function room
  2. Children’s play area
  3. Jogging path
  4. Basketball court

Cool Suites Residences Location

Cool Suites Residences is situated in Aguinaldo Highway (Tagaytay-Nasugbu Highway), Barangay Maharlika West, Tagaytay City, Cavite, Philippines.

Vicinity Map: How to Get To Cool Suites Residences

(Click image to enlarge)

Exsiting Public Transportation

  • Jeepney
  • Taxi
  • Buses

How to Get To Cool Suites Residences

Located at the Tagaytay Nasugbu Highway,  Cool Suites Residences is just few minutes’ drive to:

  • Mahogany Ave – Manila Bus Stop, Mahogany Ave, Kaybagal South, Tagaytay, Cavite – 8mins/2.8km
  • Alabang Toll Exit – 1h 4mins/33.6km
  • Tagaytay Picnic Grove, Tagaytay Picnic Grove Complex, Barangay Sungay East-End, Cavite – 18mins/8.0km
  • Don Joaquin Private Resort, Purok 7 Barangay Pasong Langka, Tagaytay, 4120 Cavite – 9mins/3.8km
  • Pink Sisters, Tagaytay, Cavite – 13mins/4.8km
  • NAIA 3 Airport – 1h 32mins/63.7km

 Cool Suites Residences is walking distance to jeepney stop and taxi stand. It is highly accessible thru:

  • Emilio Aguinaldo Hwy Road
  • South Luzon Expressway
  • Metro Manila Skyway Toll Road

Nearby Facilities

Schools

  • City College of Tagaytay (0.63 km)
  • Carlos Batino Elementary (1.41 km)
  • Master Dei Academy (1.61 km)
  • Tagaytay City National High School (3.4 km)
  • Metro Tagaytay College (5.9 km)

Hospitals

  • Drug Rehabilitation (0.40 km)
  • Ospital ng Tagaytay (0.48 km)
  • Luminous Maternity Clinic (1.27 km)
  • Bene Sanctuary Clinic (1.4 km)
  • St. John (1.89 km)
  • Tagaytay Hospital and Medical Center (0.5 km)

Religious Institutions

  • Our Lady of Lourdes Church (2.5 km)
  • Chapel on the Hill (15.2 km)
  • Pink Sister Chapel

Major Places

  • Meralco
  • Tagaytay City Hall
  • Tagaytay Sports Complex
  • Mahogany Market
  • Petron Gasoline Station

Malls and Leisure Spots

  • Tagaytay Ridge (3.4 km)
  • Magallanes Square (1.8 km)
  • Ayala Malls Serin (2.8 km)
  • Robinson Summit Ridge (0.5 km)
  • People's Park in the Sky (11.8 km)
  • Posh Nails Hand and Foot Spa (0.32 km)
  • Tagaytay Cable TV (0.54 km)
  • Sunmmit Ridge Promenade (0.59 km)
  • Globe Telecom (0.81 km)
  • Magallanes Square (0.81 km)
  • Taal Volcano
  • SM Sky Ranch Amusement Park

Contact for FREE - Tripping, House Viewing Assistance, Sample Computations, Promos and General Enquiry

Local Landline: +646 450 5812
Mobile & Viber: +63917 530 5817
Email: sales@megamanilahouses.com
Website: www.megamanilahouses.com
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