Friday, December 31, 2010

Facts about Ayala Land Premiere’s 1016 Residences in Cebu

Ayala Land Premiere's 1016 Residences Cebu

The Project

1016 Residences is a high-end residential condominium project co-developed by Ayala Land Premiere and Cebu Holdings Inc. Carrying the Ayala Land Premiere brand, the development promises to deliver an exclusive and distinct living experience.

Location and Site Development Plan

1016 Residences is located centrally at Cebu Business Park. It is a short walk from the city's premier retail and entertainment hub, the Ayala Center Cebu, and is directly connected to the exclusive City Sports Club Cebu – giving the residents and endless array of facilities and amenities for shopping, recreation and business. It's convenient location is balanced with space and luxury through carefully designed spaces which take advantage of scenic views of the sea and the mountains and open up opportunities for private spaces even on the upper floors.

Amenities and Facilities of 1016 Residences

  • Landscaped Gardens
  • Kiddie Play Area
  • Lobby Lounge
  • Roof Deck
  • City Sports Club Cebu usage rights

Building features of Ayala Land's 1016 Residences

Efficiency Features

  • Maximized natural ventilation for common areas
  • Inverter-type Air Conditioning System

Convenience and Services

  • Three (3) Elevators, 2 passenger lifts and 1 service elevator
  • Elegantly-designed ground floor lobby
  • Mail room
  • Administrative office
  • Centralized sanitary disposal system
  • Direct access to City Sports Club Cebu

Safety and Security

  • Fire Detection and Alarm System
  • 24-hour security and building maintenance
  • Basement proximity card access
  • 100% Back-up Power

Unit Offerings of 1016 Residences Cebu

Unit TypeNo. of UnitsApproximate Unit area excluding balconies, in range.Approximate balcony area, in range.Parking Slot
2 Bedroom6698-101 SQM / 976-1087SQ.FT5-9 SQM / 54-97 SQ.FT1
3 Bedroom32131 SQM / 1410 SQ.FT8-12 SQM / 86-129 SQ.FT2 xx
3 Bedroom Special11184-229 SQM / 1981-2465 SQ.FT3-37 SQM / 32-398 SQ. FT2

X Approximate areas. Please refer to specific unit for specific unit areas.

XX May be Tandem or Individual Parking Slots

Turnover Date of ALP's 1016 Residences

3rd Quarter of 2014

Frequently Asked Questions on 1016 Residences?

About The Building

  1. What are the views from the units of 1016 Residences?

Select Units on higher floors will have views of the mountains, sea and/or the city.

  1. What lifestyle can a future 1016 Residences resident look forward to?

The lifestyle of the residents of 1016 Residences is characterized by luxury and convenience with generously spaced units and common areas and a wide array of business, retail and recreational amenities given the project's proximity to Ayala Center Cebu, Marriot and the City Sports Club Cebu.

  1. What establishments and landmarks are near 1016 Residences?
  • Ayala Center Cebu
  • Cebu City Marriot Hotel
  • City Sports Club Cebu
  • Educational Institutions

i.      University of Southern Philippines

ii.      University of the Philippines

iii.      San Carlos Seminary

  • Asiatown IT Parks
  • Department Stores and Groceries

i.      Rustan's Fresh

ii.      Metro Gaisano

  • Museums/Performance Arts/Art Galleries

i.      Grand Convention Center

ii.      Waterfront Hotel in Lahug

  • Churches

i.      Carmelites Monastery

ii.      St. Joseph Church

iii.      Redemptorist Church

  • Offices

i.      Lexmark Plaza

ii.      Cebu Holdings Center

iii.      Innove

iv.      Keppel Center

v.      WTC Tower

vi.      Insular Tower

vii.      Pioneer Building

  • Fitness Clubs and Spa

i.      Fitness First

ii.      Holiday Gym and Spa

iii.      The Spa at Cebu

  • Dining Experiences

i.      The Terraces, Ayala Center Cebu

ii.      Cebu City Marriott Hotel

iii.      Crossroads

  • Medical Institutions

i.      Chong Hua Hospital

ii.      Cebu Doctors University & Hospital

iii.      Perpetual Succour Hospital

About The Unit at 1016 Residences

  1. How different will be the 1016 Residences units from the other existing condominium developments in Cebu?

1016 Residences sets itself apart from any residential condominium in Cebu. Typical of an Ayala Land Premier (ALP) product, 1016 Residences has larger units with areas ranging from approximately 98 SQM to 220 SQM and with high-grade finishes and fittings. It is the only development with direct access to City Sports Club Cebu (CSCC) and offer usage rights to its residents.

  1. What are the Unit Features of 1016 Residences?
  • European grade kitchen with range hood
  • Kohler and Grohe bathroom fittings and fixtures
  • Air Conditioning units for bedrooms and living and dining areas
  • Provision for water heaters for bathrooms and kitchen
  • Individual metering for water and electricity
  • Maximized natural ventilation
  • Audio guest anunciator system
  • CATV for all bedrooms and living rooms
  • Provision for 2 Telephone lines per unit
  • Telephone outlets in all bedrooms and living/dining areas
  • Duress button incorporated with the guest anunciator system
  1. What are the Unit Finishes and appliance provided with a 1016 Residences unit?
Foyer*Engineered wood planksPaintedPainted Gypsumn/a
Living/Dining AreaEngineered wood planksPaintedPainted GypsumAir-conditioning Unit
Powder Room*Homogenous TilesPaintedPainted Gypsumn/a
Balcony*Ceramic TilesPaintedPaintedn/a
Master's BedroomEngineered wood planksPaintedPainted GypsumAir-conditioning Unit
Master's Toilet & BathHomogenous TilesHomogenous TilesPainted Gypsumn/a
Secondary BedroomEngineered wood planksPaintedPainted GypsumAir-conditioning Unit
Secondary/Common Toilet & BathHomogenous TilesHomogenous Tiles for Shower area onlyPainted Gypsumn/a
KitchenHomogenous TilesPaintedPainted GypsumRange Hood
Utility Room/Area*Ceramic TilesPaintedPaintedn/a
Maid's RoomCeramic TilesPaintedPainted Gypsumn/a
Maid's T&BCeramic TilesPaintedPainted Gypsumn/a
  • Natural Stone Countertops for all kitchen
  • Stone bathroom countertops
  • (*) For Select units

Living in 1016 Residences

  1. Will the area of the balcony/roof deck/garden be included in the association dues?

Yes, maintenance of balconies, roof decks and gardens, which includes real property taxes and insurance, will be part of the association dues.

The master deed requires the unit owners to pay for their share in the maintenance expenses of these areas in the building relative to the size of the balcony, rood deck, garden adjoining the units.

In addition, maintenance and upkeep of roof deck/garden such as but not limited to landscaping and pool maintenance are charged directly to the unit owner.

  1. Are Monthly Dues of CSCC part of the association dues?

Yes, Club dues assessed by CSCC against the condominium corporation shall be part of the association dues charged to the residents of 1016 Residences.

The Condominium Corporation shall own 109 shares of CSCC, or such number of share as there are units in the project. The Condominium Corporation shall assiong one CSCC share for every residential unit to allow him/her to enjoy CSCC rights.

Other Questions

  1. What is the rental potential of units in 1016 Residences?

The current average monthly rental rates for condominium in Cebu are:

  • PHP 40,000-45,000 for a 100 SQM 2-Bedroom Unit
  • PHP 50,000-60,000 for a 140 SQM 3 Bedroom Unit
  • PHP 80,000 for a 190 SQM Penthouse

Please note however that there are no existing condominium developments in Cebu comparable to 1016 Residences. Since rent is influenced by many factors, the developer cannot guarantee lease rates.

  1. Is the balcony area included in the list price of the unit?

No. The balconies are listed as limited common areas in the Master Deed, though it enhances the value of a particular unit in 1016 Residences, the list price is applicable to the units area only.

  1. What is the Parking Ratio for the units in 1016 Residences?

Two Bedroom units are allocated 1 Parking Slot, Three Bedroom and Special Three Bedroom Units are allocated 2 Parking Slots, which may or may not be tandem.

For more info, please see the 1016 Residences Cebu dedicated page on this website.

For Inquiries, Please Call JP, Tony or Vicky Reyes at 9307635, 2152364 or 0917865689 | APReyes Realty Investment | Feel free to ask us questions about 1016 Residences, we will be happy to answer them for you. Please contact only the undersigned for viewing appointments or site tripping. Or Inquire via the form on the right side of this page.

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