Property Description

BLOQ Residences Sikatuna 2 Condominium for Sale in Cebu City

Why rent when you can own?

Easy on the Pocket
Your monthly rent money can get you a real estate investment, and your own home.

Prime Location
Live in the city close to work. Enjoy proximity and access to all your wants and needs.

Design-oriented
Built to accommodate your style and individuality. You can even choose the color of your door!

Bloq Residences’ 24-square-meter Loft Units offer spacious living at an affordable price. There’s the living area, fitted out bathroom, and kitchen countertop in the lower loft and your very own private space in the upper loft. Achieve the independent lifestyle you’ve been dreaming with Bloq.

AVAILABLE UNITS:

• 2-Bedroom Type: 42 – 43 sqm
  Total Contract Price: Php 4.42-4.67M
  Equity payable in 36 months: Php 25,000 per month
  Loanable Amount: Php 3.52-3.77M
  Est. Monthly Amortization:
  HDMF: Php 23,242.71
  Bank: Php 31,669.20

• Loft Type: 38.61-58.52 sqm
  Total Contract Price: Php 4.17-6.2M
  Equity payable in 36 months: Php 15,000-18,000 per month
  Loanable Amount: Php 3.52-5.66M
  Est. Monthly Amortization (38.61 sqm):
  HDMF: Php 23,257.59
  Bank: Php 31,689.48

LANDMARKS/ACCESSIBILITY:

• 4 minutes going to Sacred Heart Parish Church
• 5 minutes going to UC-main campus
• 8 minutes going to University of San Jose Recoletos
• 6 minutes going to Basilica Minore Del Santo Niño
• 5 minutes going to Velez General Hospital

Universities Nearby:

• University of San Carlos Main
• Cebu Normal University
• University of the Visayas

FACILITIES AND AMENITIES:

• Roof Deck Lounge
• Sky Deck
• Sky Garden
• Surveillance Cameras
• Laundry
• Reception Hall
• 27 Parking Lots
• 24 Hour Security

How much does a BLOQ Residences unit cost?

True to its mission in supporting the progressively stylish lifestyle for young professionals, a BLOQ Residences unit (a unit in BLOQ Residences) can be availed for as low as PHP 2.1 million to just a little over 4.0 million.

The cost depends on few factors including:

1). Location- since BLOQ Residences is located in various locations within Cebu City,

2) Unit Type- BLOQ offers 3 models a. studio unit with an area of 22 sqm, b. loft unit starts at 38 sqm, and c. 2 Bedroom unit which has an area of at least 42 sqm.

3) Unit Orientation- the bearings, angles and emplacement of the unit, if it is a corner one or a garden view, city view, sea view has a lot to say on BLOQ’s pricing.

To give you an idea, a studio unit which costs PHP 2,100,000.00 will have an equity of only PHP 10,000.00 per month. The loft unit which costs PHP 3,800,000.00 will have PHP 15,000.00 monthly equity.

A 2-bedroom unit at PHP 4,200,000.00 will have a monthly equity of PHP 20,000.00.

Take into account that purchasing during the pre-selling period is cheaper than getting a ready-for-occupancy (RFO) unit.

What are the payment options and how long do I need to pay?

• Payment options could slightly vary from one project type to another. For instance, the pre-selling projects located in Sikatuna and Lahug, wherein the straight monthly equity scheme is the only payment option available. The equity amount will depend on the time frame before the estimated turnover period and will vary on the factors mentioned earlier.
• The BLOQ Residences Sikatuna 2 is targeted to have its turnover by 2022 with an equity period of thirty months and BLOQ Residences’ 25-story building in Lahug is projected to have a turnover in 2024 with a sixty-month equity period. As for how long you need to pay after the equity, it would depend on the loan term that you have acquired for the amortization. Options may include paying the loan in a span of five years or up to thirty years.

What fees and expenses should I prepare for?
Like in many other home purchases, the things that you need to keep in mind when scoring your BLOQ unit may include the reservation fee, down payment/equity payable in months, and then the monthly amortization payable in years.

Note that you need to provide PDCs to cover the monthly equity payments. As well, upon turnover, a move-in fee is required.

How can I cover the monthly amortization?
When buying a property in the Philippines, homebuyers looking for ways to finance the monthly amortization to buy a condo or house and lot may consider applying for an SSS, Pag-IBIG, or bank loan.

Pag-IBIG
loans now have a lower interest rate compared to previous years. Loans from Pag-IBIG act as a helping hand when financing different types of properties.

Bank Loans
Owning a BLOQ unit is also possible with the help of a housing loan borrowed from a bank, which is vastly different from those provided by government organizations. A bank loan is highly versatile and may allow you to finance upto 90% of the purchase price of a residential condominium unit.. However, requirements & rates can vary depending on the bank, employment and credit score of the person. If you are ready to own your dream BLOQ Residences unit, simply get in touch with us and we’ll be happy to guide you every step of the way!

For inquiries, site visit, reservation, project assistance, please call or message:

Betty Marquez
Property Specialist
DHSUD No. R7-A-03/21-6187
ABLC Realty
DHSUD No. CVRFO-B-12/18-0490 valid until Dec 2023
Under: Lilibeth S Marquez, Real Estate Broker
PRC Lic No. 0020487

Phone: +63 942-297-6007

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