FREQUENTLY ASKED QUESTIONS (FAQ) 1. What is City di Mare? City di Mare is the 50.6 hectare master-planned waterfront development located in the future smart city of Cebu - the SRP or the South Road Properties. The development is designed to be a complete city hence is comprised of 5 components namely residential, commercial, institution, offices, and open space. The name is a mix of English and Italian terms which literally means “City by the Sea”. The vision is to create another city within Cebu City – complete, modern and environment-friendly. City di Mare is the first township development and the grandest project so far of Filinvest in Cebu. The residential cluster of City di Mare is made up of various themed residential condominiums. Currently there are two residential condominium projects in the residential enclave, both of which are Italian-inspired. These are Amalfi, the premiere and high-end brand and Sanremo Oasis, the more affordable mid-end residential condos. City di Mare has the following unique selling propositions: 1. It has more life – where the live, work, and play environment is experienced; 2. It has more space – as most if not all of the residential cluster enjoy not less than 60% open space, hence is low-dense; and 3. It has more options – it offers mixed products catering to different market segments. 2. What is SRP or South Road Properties? The South Road Properties is the 300 hectare reclamation project of Cebu City situated in the southern part of Cebu adjacent to Brgy. Mambaling, Cebu and Talisay City. This is probably one of the most ambitious projects of the City Government of Cebu with a budget of about Y12B and funded by JBIC (Japan Bank for International Cooperation). SRP, a brainchild of the former mayor now Congressman Tomas Osmena, is envisioned to be a smart city, a future global eco city in the Philippines. A smart city is a developed urban area that is sustainable and gives high quality of life to its residents being excellent in the areas of economy, social capital, infrastructure, and governance. Being a smart city is the very aspiration of every city in the world. For one to be considered it should be master-planned, sustainable, give high quality of life to its residents. Currently, SRP is a host to the following locators as such: ~ City di Mare and Il Corso, ~ SM Seaside City, ~ University of the Philippines, ~ Bigfoot, ~ SM & Ayala Consortium, ~ Government buildings like DPWH, NFA, and the future Cebu City hall, and ~ Restaurants like Lantaw, Parilya, and Gusto Mare. 3. How sustainable is SRP as a city? As the master plan of SRP is to become a global eco city it has to be sufficient with basic necessities such as supply of water, power, and efficient transportation. WATER SRP is well-provided and abundant with water as there is a 30-year contract with a consortium comprised of Pilipinas Water Resource Inc., Mactan Rock, and businessman Michelle Llhulier for water supply via desalination as well as water treatment. The desalination plant in SRP will convert salt water to potable water through reverse osmosis. The plant is expected to produce about 500 cubic meters of water daily or close to 200,000 cubic meters of water per annum. POWER Since running a desalination plant is costly, part of the master plan of the city is to mitigate the cost by producing its own cheap source of water via clean coal technology. This will in a way likewise solve the solid waste problem of Cebu. TRANSPORTATION To make SRP accessible in all points, there must be a convenient, efficient, and affordable mode of transportation within. With this, the City Government has proposed the BRT (Bus Rapid Transport) in lieu of the LRT (Light Rail Transit). Said BRT, which are elongated buses and ran by electricity, will be fast and convenient as they have their own dedicated lanes, and can accommodate mass number of people. It will stop from station to station and will ply within all points of SRP and from SRP to other points of Cebu City. 4. How safe is the SRP being a reclaimed land? The SRP project was undertaken by the City Government contracting Japanese contractor (JICA), known for its ISO standard, modern, and advance technology in land development particularly in reclamation projects. Many countries and key cities nowadays are reclaiming lands to answer the need of various human activities. As this is already an internationally accepted means of expanding territory, there is no reason for one to be wary in investing into properties located in a reclamation development. In Netherland for example, almost 1/5 of the country was reclaimed from sea and/or from marshes or swamps. 20% of Singapore and 170% of Macau’s original size was reclaimed. 5. Why should one invest in SRP? All the right reasons why one should buy properties in SRP either for investment or for end use: a) Since SRP is master-planned development it is safe to conclude that infrastructure is superb. Roads are wide, drainage is systematized, utilities are in place, etc. b) It has a very efficient transport system via the BRT (Bus Rapid Transit) c) Land use in SRP is already defined hence gives one peace of mind as everything is organized and pre-planned. d) SRP has a sustainable development program. It has its own source of water and power. e) It can provide a convenient, safe, and modern lifestyle to its residents. f) Leading indicators in SRP are pointing towards it becoming a smart city, hence would command incremental increase in property value, hence a good investment. 6. What are the different components inside City di Mare? RESIDENTIAL The residential component is made up of diverse themed condominiums varying from medium to high rise buildings and cutting across a wider market segments. Where before prior to the re-masterplan, when City di Mare was still known as Citta di Mare, the concept was to build all medium-rise condos under a common Italian architectural theme. Now the new master plan of City di Mare already includes other modern and diverse architectural designs and themes. Likewise there is more variation of heights and shapes, making the new master plan more attracting and exciting. COMMERCIAL The commercial component, known as Il Corso, is City di Mare’s lifestyle strip. It is the cradle of the bustling lifestyle activities of the city where residents can shop, dine out, have their recreation, and the like as it will feature a mall, a hyper mart, themed park, 1,000-seat amphitheater, restaurants, water features and so much more . Il Corso is conceptualized to be at par with that of other famous waterfront destinations in some key cities of the world such as the Darling Harbor in Australia, French Riviera, and Fisherman’s Wharf. Il Corso is an Italian term which means “The Course” or “The Way” as it guides the way of local and foreign tourist towards it as a world-class destination here in Cebu. Il Corso in the future will not only be a locator for City di Mare but for Cebu as a whole. OFFICES City di Mare will also be hub for Business Process Outsourcing (BPOs) as there will be office buildings dedicated for them. INSTITUTION A four-hectare Civic Area situated at the heart of City di Mare will highlight various institutions such as school complex for preparatory level, church, and medical facility to name a few. OPEN SPACE City di Mare takes pride of its low density. In terms of Floor to Area Ration (FAR) if one has to flatten all the buildings in the city and rise them up again, the maximum height of each building will only be 2-storey high. Also in every residential community, it is expected that minimum open space provision is not less than 60%. 7. How safe is City di Mare from flood or water seeping? City di Mare is safe from flood and water seeping. Per technical description of the development, the basement road of the residential cluster is .24meters higher than the highest tide of the sea level. From the surrounding SRP road, the ground is 1.5 meters higher than the same. From the ground of the residential cluster, the 1stFloor of the buildings enjoy a .8 meter height advantage. 8. As City di Mare is near the sea and is a reclaimed area, how safe is it from tsunamis and earthquakes? TSUNAMI The possibility of tsunamis happening in Cebu is very far-off. Tsunamis are usually generated by earthquakes, volcanic eruptions, and underwater explosions. Of the 3 generators, Cebu is only prone to the dangers of earthquake. But considering Cebu is not located within the 5 major fault lines of the Philippines, an earthquake of great magnitude is not a possibility hence cannot cause to displace a substantial volume of water or perturbation of the sea. However, should the intensity of the earthquake be high enough, still tsunamis is not a possibility in Cebu, as the same is an interior island making is impossible for large volume of water to amass. This is only true in areas near open sea or ocean. EARTHQUAKE Should there be earthquake, it is assured that our structure is sturdy enough to resist destruction. For one, the building itself is merely 5 storey high making it resistant to the side-to-side shaking during earthquake. Sub-standard construction is also what contributes to the damage during earthquake. However, Filinvest assures that we maintain internationally-accepted engineering standards that can withstand even as high as intensity 9 magnitude quakes. As for the foundation itself, every building has about 240 pile drives each. And these pile drives are about 40 meters deep, finding the hardest part of the seabed from where we press our pile drives on. These pile drives are ever higher than the actual building itself. 9. What are the Residential Condominiums for sale in City di Mare? AMALFI Amalfi is the first residential cluster of City di Mare belonging to premiere brand. It is strategically located across Il Corso, and is composed of 9 residential condo buildings and 2 building parking within. Amalfi has a resort living ambience with high-end amenities including a 2,000 pool area consisting of 4 types of pools with 50-meter lap pool, adult pool, kiddie poll, and Jacuzzi. It has a very grand clubhouse which has big function rooms, a fully functional dining area, a mini theatre, a fitness gym, a library, and shower rooms. Inspired by a coastal community in Italy, the Costiera Amalfitana, Amalfi, takes pride of its low-density as 65% of its total 4.5 hectares is allocated to open space such as the amenity area, walk paths, jogging trails, landscapes, fountains, gazebos, and greeneries. Amalfi is exclusively gated with 24-7 security. Its buildings are uniquely connected by a basement/underground road network hence the ground level is a car-free zone. Amalfi’s unique selling propositions include: a) It is a dream seaside resort address that bespeaks of class, quality, and luxury. b) It is located in a master planned community and inside a future smart city, the SRP c) It is well-secured with themed gates and 24-7 security d) It is low-dense with 65% Open Space allowing one to enjoy the beauty and serenity of its environment e) Promotes health and wellness with dedicated walk paths, jogging trails, bike lanes, play areas for kids, and fitness gym for adult. f) Smart underground road network system that allow safety for kids. g) High incremental value of property should SRP be fully developed h) Amalfi being inside a waterfront development is a premium location hence would yield greater property value and high income potential. Inventories in Amalfi include: a) 2-Bedroom Unit with typical floor area of 56.79 sq.m. or 611.29 sq.ft. · Includes living/dining area, Master’s bedroom, Bedroom 1, Toilet & Bath, Balcony, & Laundry Cage · Current price range: Pre-selling (Bldg 3) 5.6M to 6.4M and RFO (Bldgs 1 & 2) 6.2M to 7.1M · Dimension of the unit is 5.5m by 10.25m. Living and dining has an area of around 19 sq.m; kitchen of 4.12 sq.m.; toilet & bath of 4 sq.m.; bedrooms of about 10.7 sq.m. b) 3-Bedroom Unit with typical floor area of 113.58 sq.m. or 1,222.58 sq.ft. · It has 3 bedrooms, 2 toilets & bath, and 1 maid’s quarter. There are 2 balconies for the standard unit – one in the master’s BR and the other in Bedroom1. · Current price range: Pre-selling (Bldg 3) 13.2M and RFO (Bldgs 1 & 2) 13M to 13.8M · Dimension of the unit is 10.25m by 11 m. Living area is 19.9 sq.m.; dining & kitchen is 20 sq.m.; master’s BR is 24.5 sq.m.; the 2 other BR is sized 10sq.m. and 14sq.m. respectively and the toilet & baths at 4 to 5 sq.m. big. SANREMO OASIS Inspired by Sanremo in the Italian Riviera, Sanremo Oasis is the affordable and middle-end residential condominium cluster in City di Mare. It belongs to the Oasis brand of communities like the One Oasis, Bali Oasis, Maui Oasis, and Sorento Oasis, which are MRBs (medium rise buildings). A cluster composed of 8 residential condo buildings and 2 buildings for parking in its 4-hectare area, Sanremo Oasis, takes pride of its resort-living ambience and low density as 65% is dedicated to open space. Resort-like amenities can be experienced in Sanremo Oasis with swimming pools (lap pool, adult pool, and kiddie pool), club house, basketball court, estate building, play house, gym, walk paths, jogging trails, and bike lanes. Similar to Amalfi, Sanremo Oasis also has a unique road system for residents can access all the buildings via the basement or the underground road. Sanremo Oasis’s selling propositions include: a) Sanremo Oasis is a dream seaside resort address which bespeaks of quality and affordability. b) Amenities promote health and wellness and encourage an active lifestyle. c) Sanremo Oasis assures security as it is a gated community with 24-7 security system and safe underground road network. d) It is very affordable allowing one to easily invest in multiple units for rental business purposes and the like. e) Same with Amalfi as it is located in a smart city, the SRP, it is expected to yield high incremental property value. Inventories in Sanremo Oasis include: a) Studio Unit with typical floor area of 24.17 sq.m. or 260.16 sq.ft. · Includes living/dining/kitchen area, Toilet & Bath, Balcony, & Laundry Cage · Current price range: RFO (Bldg 7) 2.3M to 2.4M · Living/Dining/Kitchen area is 18.79sq.m. and T&B is 3.23sq.m. b) 2-Bedroom Unit with typical floor area of 29.87 sq.m. or 321.52 sq.ft. · It has 2 bedrooms, 1 toilet & bath and a laundry cage. Only corner units have balconies. · Current price range: Pre-selling (Bldg 2) 2.9M t0 3.3M and RFO (Bldgs 3 & 4) 3M to 5M. · Living/Dining/Kitchen area is 13.76 sq.m.; Bedroom1 is 6.90 sq.m.; Bedroom 2 is 6.13 sq.m.; and T&B is 3.08 sq.m. big. 10. What institutions are found inside the Civic Area? The Civic Area located at the heart of City di Mare will house institutions including a Basilica, school complex (preparatory school), medical facility, and will be surrounded by commercial centers possibly for restaurants, fast food chains, and al fresco coffee shops. 11. How can one avail of a unit in Amalfi or Sanremo Oasis? Reservation fee for unit: Amalfi – Php 50,000 and Sanremo Oasis – Php 20,000 Reservation fee for parking: Amalfi – Php 20,000 and Sanremo Oasis – Php 10,000 Modes of payment: a) Spot cash – with 8% discount b) Deferred cash – 24 months at 0% interest c) In House Financing – minimum 20% Down payment payable in 12 months for RFO/18 months for Pre-selling; and 80% Balance in 5, 7, or 10 years d) Bank Financing – minimum 10% Down payment payable in 12 months for RFO/18 months for Pre-selling; and Balance for bank financed in 5 to 20 years (tie up banks: EWB, UCPB, BDO, CBS, MetroBank, and PS Bank) 12. When can one move in? When there is payment of minimum 10% of Total Contract Price plus complete requirements, one can already move in. For bank financing however bank approval and guarantee is additionally required. 13. Is there a move in fee/how much/for what purpose? Yes. Estimated move in fees are as follows (not fixed though depending on the area of unit): Amalfi 2 BR (56.79 sq.m.) – Php 26,000.00 Amalfi 3 BR (113.58 sq.m.) – Php 43,000.00 Sanremo oasis studio (24.17 sq.m.) – Php 17,000.00 Sanremo Oasis 2 BR (29.87 sq.m.) - Php 19,000.00 Break down of move-in fees include: a) One-time enrolment/membership in condo association b) Water Meter deposit c) Electric Meter deposit d) Fire extinguisher e) Turn-over kit 14. How much is the condominium due? Condominium due for both residential clusters is at Php 65 per sq.m plus VAT. 15. How much is the basement parking slot? Currently the total contract price of a single basement parking slot for both Amalfi and Sanremo Oasis is at Php 617,500. Amalfi however has a provision for a tandem parking. This is a type of parking slot wherein two cars are parked lined up or one behind the other. To avoid conflict, a tandem parking can only be availed by one buyer. City Di MARE: http://www.youtube.com/playlist?list=PLSYrs4o5BNDhvnRKiBAMoXKPfxJXZZYXn