128 NIVEL HILLS CEBU near Marco Polo Hotel 

OCTOBER 2023 UPDATE:  128 Nivel Hills is a master-planned property poised to be the most sought-after address in Metro Cebu, sitting on an expensive property along Cebu Veteran’s Drive, Nivel Hills, Lahug, Cebu City.  It offers elegant and aesthetically pleasing details with spacious units borne of thorough planning.

The whole 128 Nivel Hills project is composed of two (2) towers and a branded hotel,  the first tower is a mix of 210 condotel units (2nd – 12th floor) and 346 residential units (14th – 36th floor). While the second tower is purely a residential development boasting 613 units.

Residents and guests are assured of exceptional living spaces, five-star amenities, and modern conveniences.

The area around 128 Nivel Hills is primed to become a destination for Cebuanos. Restaurants, car dealerships, and other high-end establishments have moved into the area, hinting at what could be the most vibrant and dynamic section of town.

The property sits on an expansive 8,470 square-meter property with 150 meters above sea level, 128 Nivel Hills has picturesque and overlooking views of Mount Busay and the Metro Cebu cityscape.

LIFE AT ITS PEAK. 

Indulge in the convenient and cosmopolitan life with exquisite facilities.  128 Nivel Hills’ towers are connected via a common podium that houses first-class amenities, for the use of all residents from both towers.

The luxurious property boasts two towers and a branded hotel.  The first tower is a mix of fully-furnished condotel and residential units.  The second tower is solely composed of well-appointed residential units, with equally exceptional living spaces.  While the hotel will raise the bar in terms of accommodation.

Construction and Delivery – 128 Nivel Hills Tower 1:

• Start of Construction – Jan. 2020

• Target year of Completion/ Turnover/ Operations – 2026 (plus 6 months grace period)

• Condotel Sharing Scheme: 30% Management; 70% investors

• FREE 30-night Hotel room stay with option to use 3 nights at any of Sta Lucia Condotels nationwide

PROJECT DETAILS:

• Land Area: 4,119 sqm

• Number of Buildings: 2

• Number of Floors:11 storeys

• Unit Size: 24 SQM

• Unit Type: Fully Furnished Studio Dormitory Unit & Residential Studio units

• Number of Units:

  • Tower 1: 210 (Ready For Occupancy) SOLD OUT

  • Tower 2: 200 (3rd Quarter in 2024)

• Financing Available: Pag-Ibig/ Bank/ Inhouse

Sample Computations (updated on Jun. 21, 2023)

UNIT PRICE: P3,592,323.00 (14F/ ST10)

MISCELLANEOUS FEES: P176,408.72

RESERVATION FEE: P50,000.00

25% EQUITY in 60 months with 0% interest: P17,074.82/MONTH
                        

75% BALANCE THRU CASH/ IN-HOUSE/ BANK FINANCING (P2,694,242.25)
15 yrs – P22,735.56/month
10 yrs – P29,911.63/month
5 yrs – P52,087.29/month

UNIT PRICE: P6,555,288.88 (15F/ 2B05 – 50.90sqm)

MISCELLANEOUS FEES: P321,911.51

RESERVATION FEE: P100,000.00

25% EQUITY in 60 months with 0% interest: P31,012.23/MONTH
                        

75% BALANCE THRU CASH/ IN-HOUSE/ BANK FINANCING (P4,916,466.66)
15 yrs – P41,487.95/month
10 yrs – P54,582.89/month
5 yrs – P95,049.13/month

UNIT PRICE: P10,964,225.27 (32F/ 3B08)

PARKING: P1,200,000.00

MISCELLENOUES FEES: P597,350.35

RESERVATION FEE: P120,000.00

25% EQUITY in 60 months with 0% interest: P58,640.11/MONTH
                         

75% BALANCE THRU CASH/ IN-HOUSE/ BANK FINANCING (P9,123,168.95)
15 yrs – P76,986.52/month
10 yrs – P101,285.93/month
5 yrs – P176,376.53/month

UNIT PRICE: P16,096,256.51 (36F/ 4B04)

PARKING: P1,200,000.00

MISCELLANEOUS FEES: P849,369.74

RESERVATION FEE: P150,000.00

25% EQUITY for 60 months with 0% interest: P83,723.90/MONTH
                         

75% BALANCE THRU CASH/ IN-HOUSE/ BANK FINANCING (P12,972,192.38)
15 yrs – P109,466.73/month
10 yrs – P144,017.93/month
5 yrs – P250,788.82/month

PAYMENT TERMS:

Scheme 1: 90% Cash, No reservation with applicable discounts;

• • 15% discount if paid outright;

  • 10% Discount if paid within 1 year on a monthly basis

  • 10% Balance upon availability/ issuance of CCT

Scheme 2: Reservation Fee – 51% to 89% Downpayment with applicable discounts:

• • 12% Discount if paid outright or within 7 days from date of reservation;

  • 10% Discount if paid within 30 days from the date of reservation;

  • 7% Discount if paid within 60 days from the date of reservation;

  • Balance payable monthly in 60 months, no interest or payable in 5 to 10 years through in-house financing at 14% interest per annum or through Bank Financing at prevailing interest rate.

Scheme 3: Reservation Fee – 25% to 50% Downpayment with applicable discounts:

• • 10% Discount if paid outright or within 7 days from date of reservation;

  • 7% Discount if paid within 30 days from the date of reservation;

  • 5% Discount if paid within 60 days from the date of reservation;

  • Balance payable monthly in 60 months, no interest or payable in 5 to 10 years through in-house financing at 14% interest per annum or through Bank Financing at prevailing interest rate.

Scheme 4: Reservation Fee:

• • 25% to 50% Downpayment payable in 60 months, no interest;

  • Balance payable monthly in 5 to 10 years through in-house financing at 14% interest per annum or through Bank Financing at prevailing interest rate.

Scheme 4: NO Reservation; NO Downpayment

• • Total Selling Price payable monthly in 60 months at no interest.

PARKING SLOTS:

• Single Parking Slot – P1,200,000.00 (VAT inclusive);

• Tandem Parking Slot – P2,000,000.00 (VAT inclusive);

RESERVATION FEES:

• Studio – P50,000.00

• 2 Bedroom – P100,000.00

• 3 Bedroom – P120,000.00

• 4 Bedroom – P150,000.00

REQUIRED ADD-ONS:

• Condotel Furnishings (2nd floor to 12 floor): Studio – P560,000.00; 2 Bedroom – P1,000,000.00

• Residential Units (14th Floor to 36th floor): Parking for 2 Br, 3Br & 4Br – P1,200,000.00;

5.5% MISCELLANEOUS FEES:

• There shall be a 5.5% Miscellaneous Fee that will be added based on the Total Selling Price (net of Discounts and VAT, whenever applicable).  It should be paid during the downpayment without interest.  Thus, it should be computed equally on the number of months covering the downpayment.  Please note that miscellaneous fees do not yet include the electricity and water meters for the condotel/ condominium unit.  The electricity and water meters shall be billed to the buyers separately once units are ready for turnover.

THE PODIUM AMENITIES:

• Pool Complex

• Fitness Gym & Wellness Center

• Meeting Rooms

• Open Lounge

• Game Room

WHY 128 NIVEL HILLS? 

• EDUCATION

Get quality education in nearby educational institutions such as University of the Philippines -Cebu (2.5km/ 5mins) and Ceu Pelis Institute (350M/ 1min);

• HEALTH CARE

Hospitals such as Chong Hua Hospital (2.6km/ 15mins) and Cebu DOctor’s University Hospital (2.8km/ 16mins) are just a few kilometers away.

• RECREATIONAL PARKS

Cebu Business Park and Cebu IT Park are just a few minutes away from the property where you can dine, shop, and meet up with friends and family members.

• LANDMARKS AND FESTIVALS

Cebu is known to be the Queen City of the South being the center of trade and commerce but it also offers centuries old historical places and festivities such as the famous Sinulog Festival.

• PRICE

Available through inquiry. Note that price, terms, discounts, and lot/unit availability are subject to change without prior notice.

AMENITIES: 

The two (2) towers of Nivel Hills will be connected via a common podium of the second floor that will house all the development’s features and amenities:

• Fitness Gym

• Game Room

• Fitness Gym and Wellness Center

• Pool Complex

• Meeting Rooms

• Open Lounge