AIR RESIDENCES

SAMPLE COMPUTATION ONLY( Need an Update)

10% PAYABLE IN 24 MOS.: 90% BANK / PAG-IBIG  Financing

Price Range: Php 3,400,000- Php 5,300,000 

Sample Unit Computation Flexi End: 29.76sqm

Total Contract Price:        4,522,137.75

10% DOWNPAYMENT:       452, 213.78

Less: RESERVATION FEE:  15,000

Net 10% Downpayment:   437,213.78

MONTHS TO PAY:       24 Months

Monthly Downpayment 10%:   18,217.24

90% BANK /PAG-IBIG HOUSING FINANCING :    4,069,923.98

*Disclaimer: Price may change without prior notice.

Building Features:

• Front desk

• 12 elevators

• 24-hour security

• Fire protection and alarm system

• Generator set for common areas and select residential outlets

• Centralized cistern tank

• Provision for telecom and cable providers

• Intercom system

Units: 

• 2 Bedroom Unit with Balcony

• 2 Bedroom Unit

• 1 Bedroom Unit with Balcony

• 1 Bedroom Unit

• Studio Unit with Balcony

Amenities

• Two-level Amenity Deck

• 24-hour Security

• Front Desk

• 12 Elevators

• Fire Protection

• Colegio de San Agustin - Makati:  2.2 km, 10-15 minutes by car,  15-20 minutes by public transportation.

• Assumption College: 2.8 km, 15-20 minutes by car, 20-25 minutes by public transportation.

• Don Bosco Technical Institute - Makati: 2.3 km, 10-15 minutes by car, 15-20 minutes by public transportation.

• Mapua University Makati: 3.5 km, 15-20 minutes by car, 25-30 minutes by public transportation.

• Centro Escolar University - Makati: 4.5 km, 20-25 minutes by car, 30-35 minutes by public transportation.

Please note that travel times can vary depending on traffic conditions and other factors, and these are just rough estimates based on car transportation. Additionally, there are many other establishments and landmarks in the area that may be of interest.

• Makati Medical Center: 2.2 km, 10-15 minutes by car, 15-20 minutes by public transportation.

• Ospital ng Makati: 2.5 km, 15-20 minutes by car, 20-25 minutes by public transportation.

• Medical Plaza Makati: 3.0 km, 15-20 minutes by car, 20-25 minutes by public transportation.

• St. Luke's Medical Center - Global City: 6.0 km, 20-30 minutes by car, 30-40 minutes by public transportation.

• Asian Hospital and Medical Center: 10.0 km, 20-30 minutes by car, 40-50 minutes by public transportation.

Please note that travel times can vary depending on traffic conditions and other factors, and these are just rough estimates based on car transportation. Additionally, there are many other establishments and landmarks in the area that may be of interest.

• SM Hypermarket - 0.1 km, 1-2 minutes on foot

• Waltermart Makati - 0.4 km, 5-10 minutes on foot

• Century City Mall - 2.5 km, 15-20 minutes by car, 30-35 minutes by public transportation

• Greenbelt Mall - 3.5 km, 15-20 minutes by car, 30-40 minutes by public transportation

• Glorietta Mall - 3.5 km, 15-20 minutes by car, 30-40 minutes by public transportation

• Makati Central Business District - 3.5 km, 15-20 minutes by car, 30-40 minutes by public transportation

• Ayala Triangle Gardens - 3.8 km, 15-20 minutes by car, 30-40 minutes by public transportation

• Circuit Makati - 4.3 km, 20-25 minutes by car, 30-45 minutes by public transportation

• Power Plant Mall - 4.7 km, 20-25 minutes by car, 40-50 minutes by public transportation

• Bonifacio Global City - 6.0 km, 25-30 minutes by car, 40-60 minutes by public transportation

Please note that travel times can vary depending on traffic conditions and other factors, and these are just rough estimates based on car transportation. Additionally, there are many other establishments and landmarks in the area that may be of interest.

Air Residences is located in the San Antonio, Makati area of Metro Manila, Philippines, which is a densely populated and highly urbanized neighborhood with a mix of residential and commercial properties. Some of the key features and characteristics of the neighborhood include: 

• High-rise condominium buildings, apartments, and townhouses

• Busy streets and heavy traffic, especially during peak hours

• Proximity to major commercial and business districts such as the Makati Central Business District and Bonifacio Global City

• A diverse mix of retail, dining, and entertainment options, including shopping malls, restaurants, and bars

• Access to public transportation, including buses, jeepneys, and the MRT-3 train system.

Please note that this is not an exhaustive list and there may be more characteristics and establishments in the area.

What are the real estate property taxes in the Philippines?

• Real Property Tax - this is an annual tax imposed on the owner of the real property based on the assessed value of the property.

• Capital Gains Tax - this is a tax on the gain from the sale, exchange, or other disposition of a real property, which is 6% of the gross selling price, zonal value, or fair market value, whichever is higher.

• Documentary Stamp Tax - this is a tax on the documents related to the transfer of real property, such as deeds of sale, mortgages, and lease agreements. The rate is usually 1.5% of the transaction value.

• Value Added Tax - this is a tax on the sale or lease of goods and services, including real properties, which is currently at 12% of the selling price or gross lease.

What is the current real estate market like?

The current real estate market can vary depending on location and the specific market conditions, but it is important to keep an eye on local and national trends, as well as the economy and interest rates, to get a general understanding of the market.

How do I determine the value of a property?

The value of a property can be determined through a professional appraisal, a comparative market analysis, or by using online tools like Zillow's Zestimate. However, these methods can provide only a rough estimate of the property's value and a professional appraisal by a licensed appraiser is typically the most accurate. 

What is the home-buying process like?

The home-buying process typically involves finding a property, making an offer, having the property inspected, and finalizing the purchase with a closing. The process can take several weeks to several months, depending on the complexity of the transaction. 

What are some tips for first-time homebuyers?

Some tips for first-time home buyers include: saving for a down payment, getting pre-approved for a mortgage, researching the neighborhood and local schools, hiring a good real estate agent, and having a contingency plan in case the deal falls through. 

How do I know if a property is a good investment?

A property is considered a good investment if it is expected to appreciate in value over time, generate rental income, and have a low cost of ownership. Factors such as location, the local real estate market, and the condition of the property can all affect whether a property is a good investment.

How do I finance a real estate purchase?

A real estate purchase can be financed through a mortgage, a home equity loan, or a cash purchase. It is important to compare rates and terms from several lenders to find the best financing option.

What are some common pitfalls to avoid when buying a property?

Some common pitfalls to avoid when buying a property include: overpaying for the property, not getting a professional inspection, not having a contingency plan in case the deal falls through, and not researching the neighborhood and local schools.

What is the role of a real estate attorney in the home-buying process?

A real estate attorney can help with legal aspects of the home buying process, such as reviewing the purchase contract, conducting a title search, and handling the closing.

How can I make my home more attractive to potential buyers?

Making a home more attractive to potential buyers can be done by decluttering, doing minor repairs, staging the property, and making the property feel welcoming and inviting.

What are some factors that can affect property value?

Some factors that can affect property value include location, local real estate market conditions, the condition of the property, the local economy, and interest rates.

How do I prepare my home for sale?

Preparing a home for sale can include decluttering, doing minor repairs, staging the property, and making the property feel welcoming and inviting to potential buyers.