CEBU CITY PROJECTS

• 8 Maria Luisa
  
• Asia Premier 
• Avalon Condo Ayala
• BF City Homes
• Casa del Rio  
  
• Citylights Gardens
  
• Diamond Suites & Res.
• Fuente Towers
• Grand Cenia
• Greenwoods
• Hacienda Salinas
• Kim Rose Residences 4
• Kim Rose Residences 5
• La Guardia Flats Condo
• Mahogany Place
• Maria Luisa Estate Park
• Maryville Subdivision
• Metropolis Subdivision
  
• Miramonte Townhomes
• Monteccino
• Myvan Cityscape
• Nichols Park
• One Oasis Condo 
• Ramos Tower
• Redstone Village
• Riverdale
• Sophela Tower
• SouthGateResidences 
• South Pointe Manor
• Sto. Nino Village Banilad
• The Persimmon
• Tigbao Talamban House
  
• Woodberry Drive
• Woodcrest Residences             

MACTAN / LAPU-LAPU CITY

• Ajoya
• Aldea del Sol
• Alegria Palms 
• Amisa CondoBeachfront
• Bayswater
• Brookfield  
• Cebu White Sands
• Collinwood
• Costa del Sol
• EastGateResidences
• Graceland 2
• Hilton Condo
• Imperial Palace
• Kona Villas
• La Mirada Condo  
• Montserrat  
• Sotogrande Condo
• The Blue Coast
• Vittoria Subdivision     

MANDAUE / CONSOLACION / LILOAN

• 88 Canduman
• Dreamhomes
• East Covina
• El Montegrande Heights
• Garden Bloom Villas
• Gethsemane Mandaue
• Greenville Heights
• Henaville Townhouse
• Immanuel Village
• Jordan Heights
• Karl's Town
• NorthGateResidences 
• Palm Heights
• Phebz Subdivision
• Prescila Heights
• Pueblo El Grande
  
• Villa Lorena 2
• Villa Teresa 
• Villa Lucilla 
• Villa Sebastiana 
• Villa Solana
• Vista Verde

TALISAY CITY / MINGLANILLA

• Azienda Roma 
• Azienda Milan 
• Club 30 Heights
• Corona del Mar
• Cresta de Milan
• Escala Corona del Mar
• Fonte di Versailles
• Kamalaya Residences
• Kishanta
• La Bienvenida
• San Jose Maria Village
• Villa Purita 

OTHER AREAS

• Crown Regency Boracay
• The Beacon Makati

FEATURED FSBO:

• Talamban H&L 5.2M
• Talamban H&L 4.8M
• Talamban H&L 3.6M
• Talamban H&L 5.8M
• 744 sqm Seafront Mactan
  
• V&G Consolacion H& L
• 2,100 sqm Danao Beach Lot
• 1/2 ha. cheap lot Mandaue
• 5.9 ha. cheap lot Talamban 
  
• HIlton Condo  seaview
• 1,500 sqm Lahug
• Carmen Beach Lot 2300sqm
• Carmen Beach Lot 1000 sqm
• Cebu City Lot P4,900/sqm
• Lot Inside IT Park Lahug
• Lot near Entrance IT PARK
• Ayala Lot for sale 1233 sqm

                                                                                                                            This webpage is updated June 29, 2010

Philippine condo with beachfront, Imperial Palace,  An etheral and lavish lifestyle that exceeds all expectations. A haven of utmost luxury suited for any monarch.  A dreamland of ideal bliss and joy that's IMPERIAL PALACE Waterpark Resort & Spa Cebu.

ATTRACTION ZONE: Have a splash in any of our several themed pools! Stretch the limits of your imagination at the Water Pool, an artificial tide pool. "Tarzaon of the Apes" at the Flowing Water Pool, an artificial tide pool. Roll out the barrels of fun and water at the Adventure Pool. And reminisce on your youth as the kids whoop it up at the Kiddie Pool, the Tube Slide. and the Space Bowl.

GARDEN ZONE: Stroll amidst the colorful floral varieties
POOL ZONE - bask in the cool waters of our aquatic nest.
BEACH ZONE - enjoy the best of Mother Nature's blessings
PIRATE SHIP - feel the ocean breeze aboard the pirate ship. 

LUXURY & HEALTH - MARINE & SPA

MARINE - Zip along the crystal waters in a speedy jetski. Hop on a yacht ala the Poseidon sub. Marvel at the underwood sights while snorkeling. And yeild to the cool sea breeze and the enchanting scenery during an island-hopping tour. Enjoy all these while under the care of an experienced crew with safety as a top priority.

Indulge in marine sports to complement your active lifestyle. From a leisurely swim to deep-sea suba diving, the thrills of the aquatic world are just too numerous to mention and too beautiful to describe. After all, anyone can see the marvels on the dryland. but just how many have witnessed the wondrous marine sights of the underworld?

SPA - We offer expert skin treatments, jacuzzi facilities, and other amenities, all with a soothing personal touch that highlights the very essence of our rich Asian culture. We provide optimum wellness in a well-nest for our valued clientele.

MASSAGE - Our windows in the massage rooms overlook the tantalizing beachfront. We utilize a relaxing fusion of the Filipino "hilot" and in-house massage techniques for maximum guest contentment.

BEAUTY SALOON - Our dermatology vanguard, Lee Ji Ham, Dermatology Medicare, provides expert medical and skin care consultation and treatments as gathered from many years of experience and up-to-date equipment.

ARCHITECTURAL 

• Waterpark, REsort & Spa development
• Concrete Facade with Stone Cladding
• PVC Framed Glass Doors & windows for bedrooms
• 8 passenger elevator for 6 mid-rise buildings, 2 Passenger elevators per building
• 4 service elevator for 6 buildings
• Fire Exits
• Water feature at main entrance
• Landscaped parks and walkway

ELECTRICAL                                                                         TYPICAL RESIDENTIAL FEATURES                        
*  Power House                                                                     *  Paint Finish walls and ceilings
* Main door with Key Sensor                                               * Carpet finish flooring for rooms and corridors
* Internet Access                                                                   * Balconies at all units
* Master switch system                                                        * Chime bell for unit main doors
* Sensor lighting per unit
* Standby power generator
* Dimmer panel for lighting                                                PROVISION FOR:
* Speakers                                                                             *  Ceiling Concealed Duct (Split package type air conditioner indoor units
* Intercom                                                                               * Exhaust Fan / Ventilation for kitchen and toilet
* Camera                                                                                * Hot & Cold water supply
* Audio / Video                                                                       * Automatic Smoke Detector and fire alarm with sprinkler
* Underground electrical lines for site system in all                                                                                                                                                  units development
* Water park area piped-in sound system
* Telephone line
* Cctv monitoring for all areas
* Annunciator panel with emergency speakers at all floors    

1. In a nutshell, describe the essence of the condotel concept?   Condotels are usually large, high rise, luxury hotels operated by big names in the hotel industry such as; Trump, Hilton, Regent Intenational. Four Seasons, Ritz Calton, Bulgari and Le Meridien. Condo-Hotels have condominiums that are sold to individual investors who may use their unit as a vacation home whenever they like. When they are not using their unit, owners have the option of placing it into an organized rental program. Rental revenue which is shared with the operator, helps defray the owner's expenses.

2. What are the benefits to the condotel buyer/owner?   Owners have a luxurious vacation home in a premier location at their disposal. Owners who choose to place their condotel unit in the property's rental program receive revenue which helps the expenses of ownership.  Most condotels offer hassle-free vacation home ownership. The on-site management company takes care of all upkeep, maintenance and interaction with renters.  Owners of condotel units have the right to resell the unit at any time. They keep any profits derived from the appreciation. Thus, condotels combine vacation home ownership with investment potential.

3. What is the role of the Condotel Operator?   The operator of the rental probram, in exchange for a share of the revenue, markets the units as a hotel, takes reservations, operates the front desk, maintains the property and provides the services hotel guests expect, such as housekeeping, food, and beverage, and concierge.

4. Describe the typical arrangement between the condo hotel buyer and the hotel management company?

• Some of the items spelled out in a typical owner agreement include:
• The amount of revenue the condotel owner will receive
• The amount of revenue the hotel management company will receive
• Typical deductions before each of the parties receives their share, including money for a furniture, fixture and equipment reserve
• The financial responsibilites of the condotel owner, which usually include the real estate taxes, insurance, capital improvements and debt service.
• The financial responsibilities of the condo hotel management compancy, which usually include operational expenses like housekeeping, maintenance, front office, administrative and marketing.
• A rental program agreement which outlines the number of days per year and requirements notice for owners regarding use of their condotel units.

5. Can condotel owners rent our their units themselves and keep most or all of the revenue?   In most condotel properties, they can, but doing so defeats one of the prime benefits of condotel which is hassle-free ownership. Most owners prefer to have the onsite professional management company find and handle renters. In additiona, owners of condotel are likely to receive a higher level of rental income by participating in the property's rental program which is administered by a recognized professional operator that can capitalize on the hotel's global affiliation, its brand name, its sophisticated reservation system and management expertise.

6. What are the keys to a sucessful acquisition of condotel?   The essential ingredients to a successful ownership of condotel include the following: good location, an attractive amenity package, a respected developer, a strong brand and good management.

7. Are developers willing to guarantee the rental of the condotel units when not in use by the owners?   No, they are not. Developers are aware that potential security law issues can arise out of the sale of condotel units. In order to avoid coming under the scrutiny of any national or local government investment rulings, developers refrain from setting rental revenue expectations from prospective buyers. Instead, the developer's emphasis is the condotel marketing materials and sales presentations is always on the real estate itself. Generally, it is best to consider a condotel unit purchase to be similar to the purchase of a second home or vacation house. Construct a beautiful building in a good location and there would be an appreciation of the investment over the years. As icing on the cake, owners who choose to participate in the rental program can receive income from its rental to help defray ownership costs.

8. Where are condotels located?   Condo-Hotels are typically located in highly desirable areas, often near the ocean, theme parks, golf courses, or in major cities.

9. Are all condotels newly built?   There is a mix of condotels that are newly built from the ground up and those that were originally hotels and have been upgraded and converted into condotels. Because land in prime locations is so limited and costly, it is possible that condotels conversions will eventually outpace new construction of condotels.

10. Does it cost extra to purchase a condotel using a real estate broker?   No. The price is the same whether you use a Realtor or go direct to the property. The seller (developer) pays all Realtor costs in the form of a comission. In those cases which no Realtor is involved, the developer either keeps the additional revenue or pays a percentage of it to the property's in-house sales staff.

11. Where are most condotel buyers coming from?   Buyers are coming from all over the world. For us Filipinos, we have OCW/OFW as our target market. They like the idea of owning a hazzle-free vacation home in a prime location in the Philippines that can generate revenue when they are nit using it and is likely to appreciate in value over time.

12. Is financing available for purchasing condotel units?   Financing for condotel units is not difficult to find. Most banks now are familiar with condotels and recognize them as viable real estate investments. Often the condotel developer itself or the real estate broker can recommend reputable lenders.

IMPERIAL PALACE is developed by PHIL. BXT CORPORATION.  

Reservation Fee: P200,000.00

Down payment for in-house financing : 20% of TCP

The 80% balance is payable in equal monthly installments up to December 2009

For longer terms, bank financing is available with accredited banks: UCPB, Union Bank and PNB

Equity would range from 20% to 30% with a term of payment up to 15 years.