Neighboorhood 1 – THE CLIFFSIDE

The Cliffside Project Fact Sheet

This is the first real estate offering of Anvaya Cove. The Cliffside will be the signature neighborhood for the entire development and is envisioned as the model community for leisure estate.

Most Visually Scenic

• Elevated at 35 to 50 meters above sea level
• Commanding views of the beach, Subic Bay and the Zambales mountain ranges

Project Details

• Land area of approximately 16.5 hectares
• 138 residential lots with area ranging from 475 to 1,644 sqm
• Located at the southwest portion of Anvaya Cove and southern tip of Ilingin Cove.
• Access to the neighborhood is from the main entrance through a 2 km internal spine road.
• Target turnover date is on the 3 rd Quarter of 2006.

Basic Building Guidelines

• Unified Tropical-Asian Theme
• Prescribed color palettes and building material menus
• Low fences and wide easements

Amenities And Features

• Large natural landscapred parks filled with narra and mango trees
• Tree-lined paths leading into pocket parks with panoramic views
• Food paths leading down to the secluded beach area and main cove
• Use of plants native to the site in landscaping

Facilities

• Underground utilities
• Deep wells and water reservoirs
• Sewage treatment plant

Membership And Ownership

• Membership in the Anvaya Cove Beach and Nature Club is a prerequisite to acquiring a residential lot.
• Registered owner of lot must be also be the registered owner of the club share
• Shareholder with a single share may own multiple lots

Construction

• For installment schemes, a buyer may begin construction as soon as he has paid 60% for both lot & club share
• Minimum construction cost for a residential unit is P3.5 million
• Guidelines for house design & construction are detailed in the Deed of Registration and Design Guidelines

The first 10 lot owners who finish construction of their residential units by December 31, 2007, as determined by APMC, will be given a rebate if P500,000 each.

Cliffside at Anvaya Cove, Price per square meter as of August 1, 2005

CLASSIFICATION	BASE PRICE	CASH 30 7% discount	CASH 60 5.5% discount	CASH 60 30-70 5.5% discount For Bank Loan	DEFERRED SCHEME 30-70 4% discount	IN-HOUSE* FINANCING
						1 YEAR 30-70 zero interest	2 YEARS 30-70 w/ 12% interest p.a.
Cliff Side (SOLD OUT)	13,260	12,332	12,531	12,531	12,730	N/A	N/A
Woodside	9,950	9,254	9,403	9,403	9,552	N/A	N/A
View	9,000	8,370	8,505	8,505	8,640	N/A	N/A
Park Side	8,540	7,942	8,070	8,070	8,198	8,540	8,590
Rotunda	8,540	7,942	8,070	8,070	8,198	8,540	8,590
Park View	8,300	7,719	7,844	7,844	7,968	8,300	8,350
Leisure	6,640	6,175	6,275	6,275	6,374	6,640	6,690
Greenbelt	6,640	6,175	6,275	6,275	6,374	6,640	6,690
Additional premium(s) /sq.m
Corner lots	plus 104	plus 97	plus 98	plus 104	plus 100	plus 104	plus 104
Pathway lots	plus 104	plus 97	plus 98	plus 104	plus 100	plus 104	plus 104

NOTES:
1. Prices exclude 10% Value Added Tax (VAT) and Other Charges, which shall be for the account of the Buyer
2. Prices exclude the price of Anvaya Cove Beach & Nature club share, ownership of which is a pre-requisite for owning lots.
3. Prices are subject to change without prior notice. Prices are rounded off.
4. The Cash & Deferred prices reflect the applicable discount.

IMPORTANT: This table, generated as of June 8, 2005 is for informational purposes only. The particulars, details and visuals shown herein are intended to give a general idea of the projectand as such are not to be relied upon as statements of fact, While such particulars and details are based on present plans which have been prepared with utmost care and are given in good faith,buyers are invited to verify the factual correctness and subsequent changes, if any, The contents herein are subject to change without prior notice and do not constitute part of an offer or contract.

Cliffside at Anvaya Cove, Payment Terms as of July 7, 2005

PARTICULARS	CASH 30 95-5	CASH 60 95-5	DEFERRED SCHEME 30-70	IN-HOUSE FINANCING*
				1 - YEAR* 30-70	2 - YEAR* 30-70
DISCOUNT/PREMIUM	7% discount	6% discount	4% discount	0% interest	plus P50/sqm
	0% interest	0% interest	0% interest	0% interest	12% interest p.a.
RESERVATION FEE	100,000	100,000	100,000	100,000	100,000
DOWNPAYMENT
Amount	95% lumpsum (net of reservation)	95% lumpsum (net of reservation)	30% lumpsum (net of reservation)	30% lumpsum (net of reservation)	30% lumpsum (net of reservation)
Due Date	30 days after reservation	31 to 60 days after reservation	30 days after reservation	30 days after reservation	30 days after reservation
Terms	---------	---------	post dated checks to be submitted 7 days after reservation	post dated checks & IPA to be submitted 7 days after reservation	post dated checks & IPA to be submitted 7 days after reservation
VAT	30 days after reservation	31 to 60 days after reservation	30 days after reservation	spread throughout the payment period	spread throughout the payment period
OTHER CHARGES				together with the 2nd to the last installment	together with the 2nd to the last installment
Balance
Amount	5% of lumpsum	5% of lumpsum	70% lumpsum	70% in 12 monthly installments	70% in 24monthly installments
Due Date	31-Aug-05	31-Aug-05	90 days after downpayment	30 days after downpayment	30 days after downpayment

NOTES:

1. RESERVATION
Reservation agreement for lots must always be executed together with the reservation agreement of any membership share within Anvaya Cove unless the applicant already has a pending application for membership or is currently a member of any club within Anvaya Cove. If membership appliication to the Club within Anvaya Cove has been denied, the corresponding reservation fee and downpayment, if applicable, for the lot will be refunded in full without interest.

2. IN-HOUSE FINANCING
In cases where in-house financing is available, issuance of downpayment does not guarantee approval of in-house financing. In the event that the Installment Purchase Application (IPA) for in-house financing is disapproved, the reservation fee and the downpayment will be refunded in full but without interest. In cases where in-house financing is avaibale, all in-house financing schemes are subject to in-house credit evaluation and are required to submit post-dated checks and credit line insurance.

3. PENALTIES
Penalties will apply for late payment
4. TERMS ARE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE

IMPORTANT: This table, generated as of June 8, 2005 is for informational purposes only. The particulars, details and visuals shown herein are intended to give a general idea of the projectand as such are not to be relied upon as statements of fact, While such particulars and details are based on present plans which have been prepared with utmost care and are given in good faith,buyers are invited to verify the factual correctness and subsequent changes, if any, The contents herein are subject to change without prior notice and do not constitute part of an offer or contract.

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