High End Condo For Sale At Coral Point 2br

 

	REAL ESTATE OVERVIEW

Location Coral Point Resort Village, Barangay Punta Engaño
Offering One specific individual property unit
Property Type Condo Unit
Transaction For Sale
Asking Price P 15,000,000
Floor Area 178 m²

	PRICING INFORMATION

	PROPERTY DESCRIPTION

TYPE OF PROPERTY: CONDOMINIUM UNIT @ CORALPOINT RESORT VILLAGE -
LOCATION: PUNTA ENGANO, MACTAN, CEBU

ONE (1) UNIT AT 3RD FLOOR

TOTAL FLOOR AREA: 177.75 SQ METERS
• NO. OF BEDROOMS: 2 BEDROOMS
• NO OF TOILET AND BATH: 2 T&B
• 1 MAIDS QUARTER
• 180 DEGREES SEAVIEW
• 3RD FLOOR
• MEMBERSHIP IN MARINA & YACHT CLUB

PRICE: PhP 15,000,000 NET(BUYER PAYS ALL EXPENSES)

Coralpoint Resort Village is located at the northeastern tip of Mactan Island, and a convenient 15-minute drive from the Mactan International Airport. Cebu City - which is connected by two bridges to Mactan-is only a 30-minute drive away and the second largest city in the Philippines. The metropolitan area of Cebu is highly urbanized and cosmopolitan, composed of three adjoining cities of Cebu, Mandaue, Lapulapu and Talisay and the municipalities of Consolacion and Liloan to the North, and has a total population of over two million. It has a well developed industrial and commercial base since it is the principal inter-island port and trading center of the Philippines, outside of Manila. There are ample entertainment, cultural, leisure and social activities. Cebu has some of the finest restaurants, resorts, hotels, golf courses, and country clubs in the country, including world-class gambling casinos.

Cebu is also the principal transportation hub for central and southern Philippines. Most flights, inter-island shipping lines, ferry boats, fast craft, and other transport companies originate and are based in Cebu to serve routes throughout the archipelago.

The Mactan Economic Zone I (MEZ I), formerly known as the Mactan Economic Processing Zone I (MEPZ I) is located beside the Mactan International Airport. It is the home of over 150 operating multinational companies, including TIMEX (TMX), Lexmark, Teradyne, Asahi Pentax , National Semiconductor, Fairchild and the like. The MEZ I employs over 40,000 skilled workers and over 200 expatriate executives. Mactan Export Zone II (MEZ II), located at the southern end of he Mactan International Airport is already fully occupied and has 15,000 employees as of April 2005.

GEOGRAPHICAL LOCATION AND CLIMATE

Cebu City is in the center of the island of Cebu, which is approximately 1,000 kilometers north of the equator and located in Central Philippines, 500 kilometers south of Manila. Flying time from Cebu to Manila is approximately 1 hour from Manila; Cebu to Hongkong, 2 1/2 hours; Cebu to Singapore, Taipei or Kuala Lumpur, 3 hours; and Cebu to Narita, 4 hours.

It has no distinct wet or dry season, making it an ideal vacation spot all year round. The temperature ranges from a low of 20 degrees Celsius to 33 degrees Celsius and the heaviest rainfalls are in October and November.

LANGUAGE

The population is multilingual: almost everyone speaks good to very good English. Visayan is the principal dialect but Tagalog is widely spoken.

TRANSPORTATION

Taxis, airport limousines and rental cars with or without chauffeur are plentiful and reasonably cheap. Brand new chauffeured air-conditioned cars (Nissan Sentra, Toyota Corolla, or Mitsubishi Lancer) are available for approximately U.S. $4 an hour (inclusive of gas and chauffeur). The resort has made arrangements with several of Cebu's principal car rental companies that can provide condo residents, club members and their guests with chauffeur driven cars of their choice.

AQUASPORTS

Aquasports facilities are also available at the village and club. Among these are boat rentals, jetski, water skiing, parasailing, and scuba diving. Island tours can also be arranged. The club has its own boat ramp and a storage facility for members or condo residents can be arranged. Full washing, maintenance, and other allied services are also available. There is also a nearby marina and anchorage for larger boats and yachts.

RESORT FEATURES

The club and resort village aims to create an atmosphere of peace, exclusivity and tranquillity in a beautiful tropical setting. The village is a low density community - a maximum of 150 condominium with another 8 seaside villas will be built on the remaining 20,000 square meters of land. There are 45 completed condominiums. Each condo has ocean views with low rise and high rise buildings sprawled out over the entire property. Coralpoint Gardens Executive Village and Retirement Community will also be built adjacent to the Coralpoint Resort Village. Built with the best quality materials available while retaining the local character, the beach villas are expected to serve requirements of the high end market for residential homes. Club members and condo owners are from different ethnic and cultural backgrounds, mainly composed of wealthy local and foreign families, successful businessmen, senior managers of multinational companies based in the Southeast Asian region, expatriate managers operating in the Mactan Export Zones or in Cebu, and the like. Mutual compatibility is of greatest concern, and every potential clubmember or resident will have to be approved by a screening committee.

SERVICE

The resort village management will provide services to condo owners including cleaning and maintenance, maid service, laundry. A rental service for residences, villas and condo units to the high-end tourist market and multinational companies , is also available.

EXISTING CLUB FACILITIES AND AMENITIES
• Clubhouse

• Dry Dock & Boat Park (up to 35' boats)
• Private Island and Lagoon

• Air-conditioned Restaurant/Function Area/Bar
• Landscaped Garden area

• Ladies' Locker Room with massage room/service
• Beach Facilities/Cabanas/Sundecks

• Men's Locker Room with massage room/service
• Boat Ramp/Slipway

• Phone System /Fax/E-mail Service Availability
• Beachfront Park & Garden

• Internet Broadband Connections
• Saltwater Swimming Pool
• Freshwater Swimming Pool and Whirlpool Spa

Coralpoint Resort Village is probably Cebu's most expensive address. This gated community is meticulously designed to rival similar upscale resort developments in Southeast Asia. This idyllic seaside community commands sweeping views of the crystal blue waters of the Hilutungan Channel and the nearby islands of Olango (Sta. Rosa), Sulpa, Hilutungan, Panganan, and Bohol in the east, and the Camotes Islands to the North.

Condominium dues and assessments are pro-rated and charged accordingly to each unit owner to pay for common expenses like security guard, insurance, maintenance of the common areas and the like. All residents are automatically members of the Villa Marina and Villa Nautica Condominium Owners’ Association which is already organized and functioning. Total monthly assessment/dues, inclusive of Club fees, are currently running at Philippine Pesos P 10,000 monthly (approximately U.S. $180) per 2-bedroom unit.

Coralpoint Beach and Yacht Club was organized in 1993. It is an exclusive proprietary share club for the residents of Coralpoint. It also has a limited number of non-resident members. Buyers of the residences become automatic members of the club but must apply first to become an active member in good standing. The club was established to manage the various amenities and common facilities at Coralpoint Resort Village, mainly the clubhouse, restaurant, swimming pools, beach areas, boat slip, and gardens.

	AREA DETAILS

Proximity to...

General Hospital		15 min
Downtown Area		15 min
Seaside		1 min
Shopping Mall		5 min
Police Station		5 min
Fire Station		5 min
Domestic Airport		15 min
International Airport		15 min

	PROPERTY DETAILS

Year Built 2003
Building Structure

Height 9 floors
Construction Concrete
Strength Reinforced concrete columns and beams

2 Bedrooms 2 Bathrooms (Toilet + Bath) 1 Servants Quarters

Club House Security Guards Swimming Pool Tennis Courts Gym