Reb. Lic. 20224
Asiaworld Homeleisure Realty
Manila Board of Realtors Inc.,
Binondo Escolta Manila Philippines
Contact: 09196923588
Email: asiaworldhome@gmail.com
Website: http://asiaworldhomes.moonfruit.com
http://www.asiaworldhomeleisure.multiply.com
Kassel Residences Paranaque is a low-rise residential development by CHMI Land, Inc., a subsidiary of Corporate Holdings Management, Inc. The developer has more than 20 years of experience in property development since its primary inception as an investment banking company November of 1984.
Kassel Residences is a 2.5-hectare low-rise residential condominium development consisting of 12 clusters. Each cluster has 3 buildings with a total of 1,642 units. There is one standard unit layout with the option of combining these units to create a much bigger room for growing families.
Located in the heart of Bicutan, Paranaque, Kassel Residences is accessible via the South Luzon Expressway, exiting in Bicutan and passing thru Dona Soledad Ave. There are basic amenities nearby namely the food outlets, schools, wet and dry market, church, and shopping malls among others. These, on top of the clubhouse, pocket parks, children’s playground, multi-purpose court situated inside the development.
Property Details
Name : Kassel Residences Paranaque
Address : E. Rodriguez Ave., Brgy. Moonwalk, Paranaque City
Developer : CHMI Land, Inc.
Completion Date : 2 to 3 years; Buildings 1, 2 & 3 (Cluster 1) for turnover December 2010
Type : Low-Rise Residential Condominium
Tenure : Freehold
No. of Blocks/Cluster : 12
No. of Storeys : 5
No. of Units : 1,642
No. of Parking Slots : 267
Layout
Unit Size : 25 SQ.M (Ground Floor); 28.7 SQ.M (2nd to 5th Floor, including the Balcony)
: Expandable to 50 – 86 SQ.M
Facilities/Amenities
• Gated Community
• 24-hour Security
• Clubhouse
• Swimming Pool
• Multi-purpose Court
• Children’s Playground
• Landscaped Pocket Parks
• Roof Deck Gardens
• Laundry Cages on the Roof Deck
• Village Management
• Continuous Water Supply
Unit Turnover
• Plastered and painted finished walls
• Vinyl floor
• Tiled kitchen counter
• Bathroom with tiled finish and complete bathroom fixtures and fittings
• Exposed painted ceiling
• Aluminum sliding windows
Pricing (Reservation Fee: Php 10,000)
Big Studio (Ground Floor) – 33 Sq.m
Php 1,330,000
Garden Unit (Ground Floor) – 25 Sq.m of livable space with a private, landscaped backyard garden
Php 1,099,000
Standard Unit (Ground Floor) – 25 Sq.m
Php 1,012,000
Standard Unit (2nd Floor) – 28.7 Sq.m with Balcony
Php 966,000
Standard Unit (3rd Floor) – 28.7 Sq.,m with Balcony
Php 922,000
Standard Unit (4th Floor) – 28.7 Sq.m with Balcony
Php 883,000
Standard Unit (5th Floor) – 28.7 Sq.m with Balcony
Php 842,000
Financing Options
• Spot Cash Payments
• In-House Financing (20% Downpayment, 80% Balance payable in 5 or 10 years)
• Pag-Ibig Financing (10% Equity, 90% Balance payable in 30 years)
Analysis
With 33 buildings of low-rise condominium blocks and a total of 1,642 units, Kassel Residences Paranaque is considered to be a high density development. However, with a maximum number of 12 units per floor, the property owners’ privacy is clearly not compromised even if the whole development houses 12 clusters of condo.
Kassel Residences is located in a very popular area which is very accessible. There are two access roads: one passing thru Dona Soledad Ave. from Bicutan Exit and the other one from Sucat Road via the Main Gate of Multinational Village.
Given the property location, Kassel Residences will be very much popular to end-use property buyers and probable investors who are looking into the area’s rental potential. The condominium development’s popularity has definitely become a positive factor for property investment. In view of its pricing, its value is comparatively lower than that of similar developments in the area.
Kassel Residences can be lucrative for property investors since there is a high turnover rate of tenants moving in and out of the area. Although this could come out as a drawback for those intending to buy this property for own stay, it’s still safe to conclude that this development is a good buy.
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