Fully-Furnished Queen Suite Condotel Unit at Belmont Hotel Boracay for SALE (Pasalo/Resale/Assume Balance/Transfer of Rights)

Subject: For Sale: Fully-Furnished Queen Suite Condotel Unit at Belmont Hotel Boracay


Property Details:

Location: Newcoast Drive, Boracay Newcoast, Barangay Yapak, Boracay Island, Malay, Aklan, Philippines

Floor Level: 4th Floor

Floor Area: 26.90 sqm

Description:

Queen Suite

Corner Unit

With Balcony

Asking Total Gross Selling Price: Php 9,400,000 (negotiable) This purchase is through a transfer of rights with the assumption of the remaining balance with the developer, Megaworld, and all obligations.

Breakdown of Payments (as of November 2024):

Asking Total Cash-out: Php 2,982,529.74

Amount already paid by the seller to the developer, plus some profit

Transfer of Rights Fee to Megaworld Corporation: Php 300,000

6% Capital Gains Tax (if BIR computes based on the unit with fit-out cost of the Net TCP): Php 478,222.02

1.5% Documentary Stamp Tax (if BIR computes based on the unit with fit-out cost of the Net TCP): Php 119,555.50

Documentation with notarial fees and professional fee

Note: For transfer of rights through the assumption of balance with the developer, the 6% Capital Gains Tax and 1.5% Documentary Stamp Tax will be computed by the Bureau of Internal Revenue (BIR) during the time of the transaction. The computation will be based on either the actual Net Total Contract Price stated on the Schedule of Payments (unit cost only or unit cost with fit-out cost). Final tax computations are determined by the BIR.

Total Lump Sum Balance due to Megaworld Corporation as of November 11, 2024: Php 6,384,247.78

Monthly payment: Php 33,209.86 (from December 11, 2024 to June 11, 2025)

Last Equity + Lump Sum: Php 431,728.21 (due on July 11, 2025)

Remaining Balance: Php 5,579,256.90 (due on August 11, 2025)


Thank you.

M.A.Sedigo Realty Services