FERNVALE
– FREQUENTLY ASKED QUESTIONS (F.A.Q.)
QUESTIONS
ABOUT THE PROJECT’S CONCEPT AND FACILITIES
Q:
What is this project?
A:
Fernvale is a resort-themed residential subdivision project with
leisure facilities and commercial amenities.
Q:
How big is the project area?
A: The
actual subdivision area is 20.8 hectares. But there is additional 8
hectares that is part of the masterplan.
Q:
What are the facilities that will be built?
A: We
will have a grand clubhouse, a big swimming pool, a children’s
playground, and sports facilities. There will also be a middle park,
and a linear park along the river. There will also be boat basin
exclusively for Fernvale residents.
Q:
What will be in the clubhouse?
A: There
will be a function hall, an activity hall, the village administration
office, rental spaces for village amenities, and a long terrace
overlooking the surrounding facilities.
Q:
What will be the sports facilities?
A: There
will be tennis, basketball, and beach volleyball.
Q:
How will the swimming pool look like?
A: The
pool will be big and curvy, going around a grove of trees. It will
have lots of coves, in-pool seating areas, a wading area, lounging
areas, 2 bridges, 3 little “islands”, a waterfall, fountains, a
separate children’s pool, a deep diving part, and an artificial
beach. There will be circular in-pool bar. There will also be an
alfresco restaurant with a wishing well under the trees, surrounded
by the pool. The pool area will have lush tropical flowering plants.
QUESTIONS
ABOUT THE PROJECT’S INFRASTRUCTURE
Q:
How will the roads be?
A: All
roads will be wide, tree-lined, concreted, with proper curbs,
gutters, sidewalks, and signage.
Q:
How is the drainage?
A: The
drainage system is all underground with a drainage line running under
both sides of each road, with proper drains every 30-50 meters. The
entire subdivision has a concrete perimeter fence.
Q:
What about the water supply?
A: We
will be installing underground water supply lines along both sides of
each road. Underground pipe casings have been installed across the
roads so that there is no need to dig up the road to install the
lines. There will be a pre-installed metering point at the corner of
each lot. We will also build a large cistern and an overhead tank at
the front area. Water will be supplied by Mactan Rock, the local
water utility. But if it is not enough we will drill a deep well. We
will be supplying the water directly to individual homes.
Q:
What about electricity?
A: We
will install steel utility poles. The transmission lines should be
provided by BISELCO, the local power utility.
QUESTIONS
ABOUT LOT PRICES AND PAYMENT TERMS
Q:
How much is each lot?
A: Right
now lot prices range from P516K+ for small regular lots to P8M+ for
the bigger commercial lots.
Q:
How much per square meter?
A: Right
now for residential
lots it is
P2,950/SQM for regular lots, and higher for corner lots, park- or
clubhouse-facing lots, main road lots, or river-view lots, up to
P3,900/SQM. For commercial
lots, it is
from P3,800/SQM to P5,950/SQM.
Q: Do
you have instalment terms?
A: Yes,
we have instalment terms. We have 0%, 15%, or 30% downpayment. The
balance or full price can be payable from 6 months to 10 years.
Q:
Can we apply for PAGIBIG or bank financing?
A: Yes,
when the individual lot titles are released, they can be mortgaged
directly to PAGIBIG or the bank.
QUESTIONS
ABOUT HOUSING UNITS
Q: Do
you also offer housing units?
A: Yes,
we also offer housing units. In fact we have several designs on
offer.
Q:
Will the houses have the same design?
A: No,
because we do not want the village to look like low-cost housing.
Each house will have a different design. Each design we have will
only be for one buyer. We have many designs under development, so
that we can offer a different house design for every buyer. We can
also make a new design or revise an existing one to fit your
requirements. The designs we presently have are only for sampling
purposes.
Q:
Can we do our own design?
A: Yes,
you can do your own design, but the theme must be Modern Asian
Architecture. It can Philippine, Thai, Balinese, Zen, Japanese,
Chinese, as long as it is modern also. The final design has to be
reviewed by the developer, and later own by an Architectural Board
composed of elected residents.
Q:
Can we get others build our house?
A: Yes
you can hire another contractor to build your house. In fact we can
still provide you a design for free as long as you build it in
Fernvale.
Q:
What are the other restrictions on house construction?
A: Each
house will be subject to setbacks and height limits as provided for
in the Deed of Restrictions. It must also comply with the National
Building Code.
Q: Do
you also have instalment terms for housing units?
A: We do
not have instalment terms for housing units. We only offer progress
payment terms, which means you pay us as construction of the house
progresses.
Q: What
is your construction time for a house?
A: Four
to seven months depending on the size and design. Bungalows are
faster to build.
LEGAL
QUESTIONS ABOUT THE PROJECT
Q:
Who is the developer of the project?
A: The
developers are Toti Fernandez, Malu Fernandez, and their 5 children.
They are also the owners of the land. They in the real estate
business and own several properties in Metro Manila, Cavite, and
Batangas. Toti is from a prominent long-time Coron family.
Q: Is
the land titled?
A: The
entire subdivision is covered by a mother title. This title is
presently being split into individual lot titles at the Register of
Deeds. We do not know yet when it will be completed.
Q:
How is the project financed?
A: It is
financed from the monthly rental income of the developers’ Metro
Manila and Cavite properties, which are sufficient for the completion
of the project. The project has no debts, and the land is not
mortgaged.
Q:
When will the project be completed?
A: The
residential area is targeted for completion by the end of 2013. The
commercial area and boat basin will be at a later date.
Q:
Are all government permits complied with?
A: All
permits have been complied with except the HLURB License to Sell, but
this is in process.
Q:
Will there be a homeowners’ association?
A: Yes,
it will be called the Fernvale Property Owners’ Association Inc.
Every lot buyer is required to be a member. There is a monthly due,
initially set at P100/month, but subject to increase by the
association later on.
Q:
Will there be a deed of restrictions?
A: Yes,
there is a Deed of Restrictions with a comprehensive set of rules
that every lot buyer has to sign. In addition, the Developer, and
later on the Association may enact additional rules as needed.
ADVANTAGES
IN INVESTING IN FERNVALE
- Fernvale is the first and only resort-theme residential subdivision in Palawan.
- Palawan, especially Coron, is becoming a global tourism destination.
- Coron is very near Manila, only 40 minutes by plane.
- Corona so many different attractions, including dive sites, beaches, islands, lakes, hot springs, hiking trails, and magnificent views. You will never tire of going back to Coron all your life.
- Coron is very safe, being away from the typhoon belt and seismic zone, free from floods, protected by outer islands from tsunamis, and has a very low crime rate.
- Coron has an unspoiled environment with lots of nature and no pollution. Mining is banned in Coron.
- Coron’s economy is booming. Land values are rising very fast. This is the right time to invest, while land is still affordable.
- Fernvale is perfectly located in Coron, being along the main highway, 20 minutes from the airport and 5 minutes from town, with its own private access to the sea.
- Fernvale is located in the nicest neighbourhood in Coron, and is flanked by luxury hotels in front.
Marisse S. Tabor
Prc. Licensed 0007266
MANILA BOARD OF REALTORS INC.
MARHO REALTY - ASIAWORLD HOMES
Contact: 0927 929 1928
Landline: 02 517 8493
Email: mbrmls@gmail.com
"LET US SAVE OUR REMAINING 5% PHIL. FOREST COVER"
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