South Square Village: Reserve, lipat agad

For the price of a cellphone, or instead of just renting a house for your family, you can live right off in this house-and-lot property and call it your own home.

Just pay the low reservation fee, file the necessary papers, and pronto! you move in at the South Square Village.

The 1-2-3 "mag-reserve, mag-file at lumipat" steps make it quite easy for homeless families to settle down right away in the South Square Village, a housing project of the Robinsons Homes Inc.

Robinsons Homes was the awardee for "Most Outstanding Developer of the Year" of the Chamber of Real Estate and Builders Associations (CREBA) in 1999.

Located in Pasong Kawayan II, General Trias, Cavite, the housing project is a cluster of house-and-lot packages, featuring a centralized water system, underground drainage system, parks and playground, a 15-meter wide main road, 6.5 to 12-meter secondary roads, a project perimeter fence, a main gate and guardhouse and entry marker.

Under bank financing, the reservation fee is P13,000 and take-out comes after the required documents are completed. Then, okey, lipat na!

If the financing package will come from the Pag-IBIG Fund, the 15 percent equity is to be paid in 12 months at a monthly rate of P4,583.33, with the first month’s payment as reservation fee.

If it involves a second real estate mortgage, the annual interest rate will be 21 percent for 10 years at P2,599.11 monthly amortization. Take-out will be after the sixth month. The term is 30 years to begin on the seventh month with monthly P1,448.32 amortization.

Under in-house financing, the 30 percent equity is to be paid in 12 months. The balance may be paid under the following schedule: for first five years at 18 percent interest; from the sixth to the 19th year, 20 percent; and from the 11th to the 15 year, 22 percent.

The house-and-lot packages’ lot areas range from 32 sq.m. to 57.22 sq.m. with floor areas of 19.50 sq.m. each.

For the last few years, Robinsons Homes has been into horizontal development from low-cost to high-end projects. Its projects are in Cavite, Antipolo City, Davao City and Quezon city. The company is part of the JG Summit Group of Companies.