Category: Blog

• Purchase Price and Total Contract Price
  • Total Selling Price (TSP): ₱3,632,720.00Legal & Miscellaneous Fees: ₱435,200.00Total Contract Price (TCP): ₱4,067,920.00
    
  
  The Total Contract Price is simply the selling price plus any additional fees. These fees typically cover paperwork, taxes, and other costs that come with the purchase.

• Equity (Down Payment) Computation
  • The equity or down payment is 10% of the Total Contract Price, which comes to ₱406,792.00.A Reservation Fee of ₱20,000.00 is deducted from that amount, leaving a Net Equity of ₱386,792.00.The net equity is spread out over 12 months, giving a Monthly Equity Payment of ₱32,232.67.
    
  
  Buyer Benefit Tip: Spreading out the down payment over 12 months makes it easier to manage compared to a one-time, lump-sum payment.

• Bank Financing (Loan) Amount
  • The remaining 90% of the Total Contract Price would be financed by the bank: ₱3,661,128.00.The monthly mortgage depends on which loan term you choose (10, 15, or 20 years). Sample rates in the document are 7% fixed for 5 years:
    • 10 years: ~₱42,508.80 per month15 years: ~₱32,907.25 per month20 years: ~₱28,384.69 per month
      
  
  Buyer Benefit Tip: You can choose the loan duration that best fits your monthly budget. A longer term generally means a lower monthly payment, but you’ll pay more interest overall.

• Income Requirements
  Banks typically assess your capacity to pay by looking at your Gross Monthly Income. A general rule (though it can vary by lender) is that your monthly amortization should not exceed around 30–40% of your gross monthly income. In the sample:
  • For a ~₱42,508.80 monthly payment (10-year loan), the recommended income is ~₱128,814.55.For a ~₱32,907.25 monthly payment (15-year loan), ~₱99,718.95.For a ~₱28,384.69 monthly payment (20-year loan), ~₱86,014.20.
    
  
  Buyer Benefit Tip: The bank looks at all your sources of income—salaries, business, side jobs, etc. If your personal income isn’t enough to meet the threshold, consider bringing in a co-borrower or co-owner. That way, you can combine incomes and have a better chance of qualifying for the loan.

• Co-Borrower or Co-Ownership
  • If you’re worried that your current income may not be approved by the bank, you can have a co-borrower or co-owner (like a spouse or close relative) so the bank considers both incomes for the loan qualification.
  • This is a common approach to boost the combined income, improving your chances of approval.

• Additional “Hidden” Advantages
  • Locking in a 7% rate for five years: If interest rates rise, you’re still protected for the initial five years. After the fixed period, interest can be re-priced, but you’ll have had the initial lower fixed rate.
  • Possible Early Payments: Some banks let you make partial lump-sum payments or pay off early. This can help you save on overall interest if you happen to earn extra money later.

Remember:

1. Flexible Down Payment: 10% equity spread over 12 months at ~₱32,232.67 each month.
2. Bank Amortization Options: Choose from 10, 15, or 20 years to get a monthly amortization that best fits your budget.
3. You can always pay in cash or deferred payment with PDCs.
4. Combined Income: Add a co-borrower if you need to reach the bank’s income requirement. Remember, they count all income streams—including side hustles.
5. Plan Your Payment Strategy: If you expect more stable finances or higher earnings soon, you can go for a shorter loan term with a higher monthly amount but pay less interest overall. If you need a lower monthly payment now, a longer term might be best.

Reserve a unit now for only ₱20,000.00!

Fill out the forms here for a PDF version to be sent to your email and also get timely updates when a new unit re-opens through texts or call:

1. Developer & Partner Profiles

Wee Community Developers Inc. (WeeComm)

• Established: 2008
• Philosophy: Belief that project development should focus on client satisfaction, not merely profit
• Past “Beyond Ordinary” Projects:
  • The First Baron Residences (San Juan)
  • The Baron’s Place (San Juan)
  • Baron 3 Gardens (San Juan)
  • Baron Tower (San Juan)
  • Centro Residences (Quezon City)
  • Centro Tower (Quezon City)

WeeComm also ventured outside Metro Manila:

• Diamond Heights (Davao) via Davao South Prime Developers Inc. (DSDI)
• Emerald Estates (Oton, Iloilo) via Iloilo South Prime Developers Inc. (ISDI)

In 2018, WeeComm launched two projects in its new “Fringe-city” category:

1. Harbour Park Residences (HPR) in Mandaluyong City
2. Grand Mesa Residences in Fairview, Quezon City

Arcya Commercial Corporation

• Over 20 years of experience in real estate leasing
• Major leasing properties:
  • The Echelon Tower (Malate, Manila)
  • Citihub (Mandaluyong City)
  • Kisad Peak (Baguio City)
  • Casitas de Sta. Rosa (Sta. Rosa, Laguna)

Metro Worx Properties Inc.

• Founded: 2018
• Partnership Between: Founders of Wee Community Developers Inc. and Arcya Commercial Corporation
• Purpose: Build quality homes that remain within reach of the average Filipino

2. Project Overview: Harbour Park Residences

• Location: Along J.P. Rizal Street, Mandaluyong City, beside the Pasig River
• Number of Towers: 2 (North Tower and South Tower)
• Goal/Theme:
  • Provide a modern urban refuge with majestic views of the Makati City skyline
  • Allow residents quick access to major commercial centers
  • Combine structure, landscape, and light to deliver a breathtaking skyline view

Concept:

“We create spaces where residents can function, live, and grow—a place which breathes and interacts—resulting in a rich culture and great sense of community.”

3. Key Building and Development Features

1. Naturally Ventilated Amenities and Hallways
2. Fully Addressable Fire Detection and Alarm System
3. Garbage Room: Two for every three floors
4. 24-Hour Security with CCTV
5. High-Speed Elevators
6. Shared Househelpers’ Toilet & Bath: One per every three floors
7. Green Building Compliance
8. Energy Efficiency Measures:
   • LED lighting in common areas
   • Inverter-type air-conditioning units
   • Overall cost-saving design and technology
9. Water Efficiency:
   • Efficient design, materials, fixtures, equipment, and methodologies

4. Amenities

• 25-meter Adult Infinity Pool
• Kiddie Pool
• Children’s Play Area
• Day Care
• Function Rooms
• Lounge with Bar
• Open Theater
• Fitness Center
• Landscaped Roof Decks

The Oculus

An architectural feature described as “the art of sculpting beautiful new forms by incorporating structure, landscape, and light to create a breathtaking skyline view.”

Lay-By

• Designated drop-off/pick-up area along the property frontage

5. South Tower Specifics

Available Unit Cuts

1. 27.20 m²
2. 28.80 m²
3. 30.80 m²
4. 36.40 m² (Typically labeled T2 Units 8, 9, 10, & 11)
5. 40.00 m² (2-bedroom unit + 4.00 m² balcony)

Floor-to-Ceiling Heights

• Living, Dining, Kitchen, Bedroom: 3.00 meters
• Toilet & Bath: 2.40 meters

Hallway Dimensions & Features

• Width: 1.85 meters
• Ventilation: Natural
• Design Benefits:
  • Convenient traffic flow
  • Improved safety during emergencies
  • PWD-friendly

Garbage Room & Househelpers’ Common T&B

• Garbage Room: Located strategically, two for every three floors
• Househelpers’ T&B: Shared facility, one for every three floors

6. Frequently Asked Questions (FAQs)

Earthquake Safety

• Reference: West Valley Fault Line (per PHIVOLCS study)
• The nearest active fault (Kagandahan and Kalayaan Streets, Pasig City) is 4.7 km from the HPR site.

Flood Concerns

• Reference: Project NOAH (Nationwide Operational Assessment of Hazard)
• According to a 100-year flood hazard study by Project NOAH, the HPR site is not directly affected by flooding.
• The site is not included in the list of flood-prone areas released by the Second East Metro Manila Flood Control Operation District.

Rainwater Harvesting System

• Purpose: Accumulate and store rainwater on-site rather than letting it run off
• Advantages:
  1. Reduces flooding and erosion
  2. Lowers water bills
  3. Decreases demand on groundwater
  4. Useful for non-drinking purposes
  5. Can improve plant growth

Emergency Power Source

• Generator Set installed as backup during outages
• Coverage Per Unit:
  • Two (2) lighting fixtures
  • Two (2) convenience outlets
  • One (1) refrigerator outlet

Internet Connectivity

• Fiber-Optic Ready (PLDT Fibr)
• Speeds of up to 100 Mbps, with direct-to-the-home (DTTH) fiber optic service

Modes of Transportation

• Various forms of public and private transport are accessible in Mandaluyong and Makati.

E-Sakay

• Description: Battery-operated jeeps running between Makati and Mandaluyong
• Operating Hours: 5:00 AM to 12:00 Midnight
• Fares:
  • Base fare: PHP 9.00 for the first 4 km (2015 based fare)
  • Additional: PHP 1.50 for every succeeding kilometer
  • Maximum fare: PHP 15.00

E-Sakay Route

• Buendia → Mandaluyong:
  • Buendia Ave. (near MRT) → Jupiter St. → Makati Ave. → Coronado St. → San Francisco St. (Mandaluyong City Hall)
• Mandaluyong → Buendia:
  • Mandaluyong City Hall → Coronado St. → J.P. Rizal St. → PRC → Kalayaan Ave. → N. Garcia St. → Jupiter St. → Paseo de Roxas → MRT Buendia

7. Summary of Key Points

1. Strategic Location: Along J.P. Rizal, Mandaluyong City, near major central business districts and transport routes.
2. Riverside Views: Panoramic vistas of the Pasig River and Makati skyline.
3. Lifestyle Amenities: Pool, fitness center, lounge, open theater, roof decks, day care, and more.
4. Green & Sustainable Design: Natural ventilation, rainwater harvesting, generator backup, and energy-efficient fixtures.
5. Modern Connectivity: Fiber-optic internet readiness, proximity to E-Sakay route.
6. Safety & Security: 24/7 CCTV surveillance, fire detection system, wide hallways, and assigned garbage rooms.