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38 PARK AVENUE AT CEBU IT PARK

38 Park Avenue at Cebu IT Park is the city’s landmark project by Cebu Landmasters, Inc. It is a residential component of the soon to be developed breathable space at bustling PEZA accredited IT hub. It is part of the Php 5B mix-used  project with other two components an office tower and retail boulevard.

Imagine a place where park meets the city and where east and west are one in a panoramic view. Standing high in an avenue, over an address that never sleeps.

QUICK FACTs:

  • 38 storeys high, the highest in Cebu IT Park

  • Ultra Exclusive VIP Units

  • 3 Levels of Amenity at the 26th to the 28th Floor

  • 2 main lobbies (East & West) with 2 elevator cores of 4 elevators each

  • 3 levels basement parking

  • Each unit meticulously designed for a panoramic view of Cebu

  • A Grand Atrium at the center of the tower

  • 1.18 hectares

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LOCATION & ACCESSIBILITY:

  • Walking distance to Ayala Central Bloq and IT Park

  • 1 km to University of Southern Philippines

  • 1 km to Gaisano Country Mall

  • 1 km to University of Cebu Banilad

  • 1.5km to St. Therese Church

  • 1.5 km to JY Square

  • 1.7 km to Waterfront Cebu

  • 1.9 km to Cebu Country Club

  • 2.5 km to University of the Philippines

  • 2.5 km to Ayala Center Cebu

  • 3.6 km to SM City Cebu

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BUILDING FEATURES:

  • 764 UNITS

  • Studio: 459 Units

  • 1BR: 230 Units

  • 2BR: 56 Units

  • 3BR: 11 Units

  • Penthouses: 8 Units

  • 1,280 sq.m. Building Floor Plate

  • 8 Elevators

  • Balcony on selected Units

  • Parking Phase 1: 360 units

  • Sky Gardens & Patio

  • Retail Spaces on the Ground

  • 24-hour security System

  • CCTV

  • Property Management Services


SKY CLUB AMENITY:

  • Swimming Pool

  • Fitness gym

  • Lounge areas

  • Multi-function hall

  • KIDS ZONE

  • HIGH CEILING GRAND LOBBY

  • GARDEN ATRIUM

  • MRF (Materials Recovery Facility)

  • 100% BACKUP POWER

  • FDAS (Fire Detection & Suppression)

  • AUTOMATIC SPRINKLER SYSTEM

  • DOMESTIC WATER TANK


UNIT SPECIFICATIONS & FINISHES:

Flooring:

  • Homogeneous Floor Tiles in Kitchen, Living, and Dining

  • Laminated Flooring in the Bedroom

  • Slip-resistant homogeneous floor tiles in toilet & bath

  • Ceramic Tiles in Maid’s Room and Utility

  • Non-slip floor tiles Balcony

  • Painted finished wall

  • Painted slab ceiling

  • Toilet and Bath: Premium fixtures and fittings, provision for multi-point water heater, shower enclosure (1BR, 2BR, 3BR, PH)

  • Kitchen exhaust provision; Grease Trap

  • Bedrooms: Laminated Closets (1BR, 2BR, 3BR, PH)

  • Provision for Split-type A/C

  • Provision for Internet, telephone, and cable

  • Fire sprinkler and smoke detector


STUDIO UNIT – SOLD OUT

FLOOR AREA: 24.48 sq.m.

  • Living Area

  • Dining Area

  • Kitchen Area

  • Bedroom Area

  • Toilet & Bath


SAMPLE COMPUTATION THROUGH BANK FINANCING:

TOTAL CONTRACT PRICE: Php 6,097,941.96

RESERVATION FEE: Php 10,000.00

♠ 10% EQUITY net of reservation payable in 36 months: Php 601,200.00

  • Php 16,700.00/month

90% Balance through Bank Financing: Php 5,486,741.96

1-BR UNIT

FLOOR AREA: 54.13 sq.m.

  • Living Area

  • Dining Area

  • Kitchen Area

  • Bedroom 1

  • Balcony

  • Toilet & Bath

SAMPLE COMPUTATION THROUGH BANK FINANCING:

TOTAL CONTRACT PRICE: Php 14,712,862.91

RESERVATION FEE: Php 50,000.00

 

10% EQUITY net of reservation payable in 36 months: Php 1,422,000.00

  • Php 39,500.00/month

 

90% Balance through Bank Financing: Php 13,240,862.91

2-BR UNIT

FLOOR AREA: 74.01 sq.m.

  • Living Area

  • Dining Area

  • Kitchen Area

  • Maid’s Room

  • Maid’s Powder Room

  • Common Toilet & Bath

  • Bedroom 2

  • Master’s Bedroom with private Balcony

  • Master’s Toilet & Bath

 

SAMPLE COMPUTATION THROUGH BANK FINANCING:

TOTAL CONTRACT PRICE: Php 20,150,723.26

RESERVATION FEE: Php 100,000.00

 

10% EQUITY net of reservation payable in 36 months: Php 1,915,200.00

  • Php 53,200.00/month

 

90% Balance through Bank Financing/CASH: Php 18,135,523.26

PENTHOUSE:

 

FLOOR AREA: 431.21 sq.m.

  • Living Area

  • Dining Area

  • Kitchen Area

  • Common Toilet & Bath

  • Stairs

  • Master’s Bedroom

  • Family Area

  • Bedroom 1

  • Bedroom 2

  • Open

SAMPLE COMPUTATION THROUGH BANK FINANCING:

TOTAL CONTRACT PRICE: Php 130,362,386.52

RESERVATION FEE: Php 200,000.00

 

10% EQUITY net of reservation payable in 36 months: Php 12,837,600.00

  • Php 356,600.00/month

 

90% Balance through Bank Financing: Php 117,324,786.52