FREQUENTLY ASKED QUESTIONS

• Who is the developer of Imperial Ridgeview Royale Homes?
  Imperial Homes Corp., a well-established family corporation headed by Ms. Emma M. Imperial, is the developer of developing Imperial Ridgeview Royale Homes . IHC has been in the business for 20 years building affordable houses like its contract with Ayala Group of Companies to provide affordable homes for its many employees. Currently the company has branched out into leisure development and Imperial Ridgeview Royale Homes is one of the high priorities family-oriented leisure projects while the company continues to get more raves from buyers of its elegant homes, Casa California and Imperial Royale Townhomes in Las Pinas City. Imperial Ridgeview Royale Homes is located within Imperial Ridgeview, Buragwis, Legazpi City, Albay, and a mere 5minutes from the commercial center of the City. The buyers will automatically become member of the resort amenities which will have its own boardwalk along the scenic Puro Beach of Albay Gulf amidst the natural scenic views of the sea, Mayon Volcano, luscious mountains which the architect planners will incorporate in the area. This is conceived to cater to successful Bicolanos in Manila and Filipino Overseas Workers as a retirement Mecca or a home to come back to. Buyers will be offered by IHC sister company the Management of the Villas for rent to tourist of the city. This will be the first project that will be tied up with the Asia Leisure Escapes Inc of IHC. Check out website www.asialeisureescapes.com for more info.
  
  
• What are the available models for Imperial Ridgeview Royale Homes?
  The models are Mercedes and Camille which are both single homes. The floor areas are between the ranges of 50.5-80 square meter.
  
  
• Is Imperial Ridgeview Royale Homes a vacation or residential place?
  Imperial Ridgeview Royale Homes is classified as residential project. Therefore it can be used as residential or a second home. The concept is designed for overseas Filipinos who would like to have a piece of investment in the City.
  
  
• What is the available financing for the Imperial Ridgeview Royale Homes?
  For the In-House Financing :
  
  
  • 30% down payment payable in 6 months with 0 interest. Balance of 5 years at 10% interest or for 10 years at 12% interest.
    
    
  • 30% down payment payable in 12 months with 10 % interest. Balance of 5 years at 10% interest or balance of 10years at 12% interest.
    
    
  • No Down payment with terms of 5 years at 112% interest or balance of 10 years at 14% interest and 15 years at 16% interest.
  
  The house will be turned over to buyer upon 30% payment of the contract price.
  
  The above financing terms are Dollar/Sterling/Euro/Singapore$ In-House contract. A Peso contract in house financing is available for qualified buyers at an interest rate of 19% for 5 years and 21% interest for 10 years. The Peso contract can also be coursed through local bank financing to get lower interest rate. It is required that after 90 days from date of reservation, a letter of Approval from any local bank be issued in favor of IHC.
  
  
• What is the No Down payment scheme package as advertised abroad?
  This is a special new package for international buyers payable either 5 or 10 years based on Dollar/Sterling/Euro/SingaporeDollar /Hongkong Dollar Denominated sales Contract. The Promo for this projects is not applicable to the NO Downpayment Scheme. The promo, see Promo for details will be turned over after the equivalent of the 30% down payment is paid for the house and lot including the equivalent of 6 months of amortization. There is no foreign exchange conversion benefit when one chooses the NO DOWNPAYMENT scheme.
  
  
• What is the difference a Dollar/Sterling/Euro/Sing$ Denominated and Peso Denominated Contract?
  A Foreign Currency denominated contract is paid in US$ or Sterling or Euro/Sing$ and carry a lower interest rate than a Peso contract. The company (IHC) carries the financing of the contract and will require an authority to have an automatic payment arrangement with a foreign bank for the buyer's monthly payments. A Dollar /Sterling/Euro/Sing $ denominated contract is paid in dollar, Pound Sterling, or Euro and Sing Dollar and carry a 10% interest for 5 years and 12% interest for 10 years.
  
  A Peso denominated contract is paid in Pesos and carries a 19% interest for 5 years and 21% interest for 10 years.
  
  Once contract is signed, buyer cannot change from another foreign currency to a peso contract or vice versa. This protects IHC from any fluctuations of the currencies and other inflationary factors.
  
  
• How can one take advantage of the higher exchange rate for foreign currency in purchasing our homes?
  There are 3 ways when a buyer can take advantage of higher foreign exchange rate:
  
  
  • Buyer Pays Cash. If a buyer buys cash, the foreign exchange current rate is used and the buyer immediately gets the cash discount of 7% if paid within 15 days and a foreign exchange conversion savings or discount * based on the balance in Dollar/Sterling/Euro/Sing$ or any other foreign currency contract price. The international buyers are advised to borrow from their local banks to get the discounts.
    
    
  • Buyers Pays Cash on Balance after paying the 30% Down Payment:
    The buyer pays cash the balance of the Contract Price. The balance will have a foreign exchange conversion savings or discount * based on the dollar, Sterling, Euro, Sing $ if paid in full. The chance to avail of the discount disappears when the balance falls below 70%. There is no discount when the NO DOWNPAYMENT option is chosen.
    
    
  • Buyers applies with Pag-IBIG Fund or any other local funding institution: The buyers can apply through Pag-IBIG Fund or any local institution to take out the balance of the 70% which will also have a foreign exchange conversion savings or discount * on the balance in Dollar/Sterling/Euro/Sing$ or any other foreign currency if paid in full.
  
  * The foreign exchange conversion savings or discount will be computed based on the current foreign exchange rate computation at the time when the balance of not less than 70% of the total contract price is paid in cash or taken out by Pag-IBIG Fund.
  
  
• Is there a schedule for prospective buyers to see Imperial Ridgeview Royale Homes?
  There are ocular visits we call tripping schedules. These are made 7 days in advance to provide enough time for the arrangements of vehicle and guide. For overseas clients, you may arrange the actual site inspection with our representative in your country and they will contact your relative for the tripping schedule.
  
  
• Is Ocean View Villas accessible to the main road? Hospital? Malls? How about
  Telephone lines? How far is it from the market, supermarket, and church?
  
  All public modes of transportation are available along the Buragwis Road. The site may be reached within 5 minutes from the City center.
  
  Among the commercial areas which are within 5 minutes is the Pacific Mall, LCC Commercial Center and the Public Market and all the branches of major banks in the Philippines are just in the center of the City. Legazpi City being one of Bicol's major tourist destinations has a lot of tourist spots to offer that are just within one or two hours away. One of the famous spots is Donsol for its whale sharks diving, Cagsawa Ruins, Mayon Volcano, Tiwi Hot springs and the black and white sand beaches along Albay and Sorsogon. A nine-hole golf course is also available 15 away from the project. Institutional areas include the Bicol University, Aquinas University, St Agnes School and other major technical schools.
  
  
• Are there any other restrictions in Imperial Ridgeview Royale Homes?
  A Deed of Restrictions bound buyers in the interest of sanitation, security, aesthetics and the general welfare of the community
  
  
• What are the type of development do you have in Imperial Ridgeview Royale Homes when it comes to roads, water, electricity, other amenities and security?
  The clubhouse and recreational facilities which will include basketball and tennis courts will be part of the project's amenities. Cemented main road will be 12 meters in width and the inner roads are between 8-10 meters width. Interconnected water and electrical supply are all available to the houses inside the village.
  
  
• Does the property have a title? If so when do we get the title?
  The properties have titles. This will be transferred to the buyer's name once the lot is fully paid. Transfer to the buyers name will be within 4-6 months giving including the time allowance we provide due to the backlog in the processing of the titles.
  
  
• Is VAT (value added tax) included in the pricing?
  Yes, it is already included.
  
  
• Is there any discount if down payment is paid in cash?
  Yes, buyer can get as much as 7% discount from the actual down payment if it is paid within 30 days from reservation.
  
  
• Is there a discount if the Total Contract Price is paid in cash?
  For Cash Payment on Total Contract Price:
  Payment within 15 days----- 7% discount
  Payment within 30 days----- 5% discount