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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

What are the initial required documents during Reservation of unit?

  • 2 Government issued ID of Buyer and Atty-in-Fact (AIF)
  • Duly Filled-out and Signed Reservation Agreement Form (RA)
  • Duly Filled Out and Signed Buyer’s Information Sheet (BIS)
  • Signed Schedule of Payment (Computation Sheet)

Payment of Reservation Fee

  • Cash
  • Current-dated Check – 3rd party checks will only be accepted if with authorization letter duly signed by the check owner or if the payee indicates “SMDC for the Account of <name of buyer>
  • Credit/Debit Card – duly validated charge slip shall be submitted
  • Bills Payment – evidenced by payment slip
  • Wire Transfer/Remittance Order – evidenced by Remittance Application Form (RAF) duly validated by the remittance company or bank

Additional Requirements

  • BIR 1903 / 2303 for Corporate Buyer (validated by BIR)
  • BIR 1904 for Individual Buyer with payment scheme of:
    • Spot Cash
    • Spot or Deferred Cash whose payment term is forecasted to reach 25% of Total Payment within the year of sale.
  • Waiver for Foreign Buyer with balance which will be paid thru Bank Financing
  • Note:
    • the Buyer’s Tax Account Number (TIN) shall be validated to ensure that Creditable Withholding Taxes (CWT) will be paid promptly and in the account of the correct party.
    • “Authority to Accept Payment” (ATAP) Form is required in paying the reservation fee to the Cashier for the issuance of Official Receipt or Acknowledgement Receipt.
    • What are the Requirements – see complete list of requirements here.

When can Buyer move-in? 

  • Spot Cash Buyers – After full payment of Total Contract Price (TCP)
  • Deferred Cash Buyers – Payment of at least 50% of TCP and submission of complete post-dated checks (PDC’s) for the balance;  Payment Of Other Charges
  • In-House Financing – Payment of at least 50% of TCP, submission of complete post-dated checks (PDC’s) for the balance and clearance via credit evaluation; Payment of Other Charges.
  • Bank and Other External Financing Buyers – Full payment of down payment and actual loan release covering full lump sum balance.

Is Unit Alteration / Combination (UACF) Allowed?  – Yes.  UACF Form  is used for unit modification requests – unit combination and non-installation of certain items – subject to Buyer’s completion of at least 20% of Total Contract Price (TCP), outright payment of corresponding fees upon submission of UACF and must not have any past due payable or unpaid penalties.

How much is the estimated cost? – Unit alteration and combination range from Php10,000.00 to Php15,000.00 per set. Please ask for exact amount during reservation.

Any House Rules? – Yes

  • Animals / pets (any size) are not allowed
  • LPG tanks are not allowed
  • The unit owner/resident shall not introduce any improvements, alterations or additions to his unit without prior written consent or approval from the Property Admin office.
  • Note:  For other guidelines, buyers could refer to the house rules manual given during orientation before move-in.

What is the floor-to-floor height? – (+-) 3 meters
What is the floor to ceiling height? – (+-) 2.4m – 2.7m
How wide is the hallway? – (+-) 1.5 meters
Are walls between units soundproofed? – Yes, up to 40 decibels
How many units can be combined? – A maximum of 5 adjacent units can be combined subject for approval.
How many parking slots can the buyer purchase? – 1 is to 1 and must be unit owner
Are the unit Perpetual Ownership? – For Filipino buyer, yes it’s Perpetual Ownership and has CCT/Title.
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.
How much are the monthly condominium dues? – May still vary depending on the projected operational cost of the project upon turnover. Estimated amount range from Php70.00 – Php120.00
Are there any fees to be collected for using the facilities/amenities in the condominium? – The use of facilities and amenities are generally covered by the condominium dues, except for areas identified by the Condominium Corporation (e.g. function rooms, etc.). Such fees will be used to cover maintenance and utility costs.
Which amenities has fees for using ? yes theres payment for using following ;
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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