Vivaldi Condotel in Davao City
With a design that sets it apart from its skyscraping neighbors, and trappings of the finer things in life, VIVALDI Residences radiates a vibrant lifestyle perfect for those who are branching out independently or those who seek an ideal home to start a family.
VIVALDI Residences Davao is a 32 level Hotel and Residential edifice and will be an excellent place for business, pleasure and the comfort of a second home. VIVALDI Residences Davao will be right in front of Ateneo de Davao University and walking distance to parks, shopping centers, places of work, banks and other business establishments that would make living more comfortable and accessible to almost everything.
Located within Davao’s prime business district, VIVALDI Residences Davao is a 34-level Hotel and Residential edifice and will be an excellent place for business, pleasure and the comfort of a second home. VIVALDI Residences Davao will be in front of the Ateneo de Davao and a walking distance to parks, shopping centers, places of work, banks and other business establishments that would make living more comfortable and accessible to almost everything.
Kinds of units:
Studio (17-25 M2), One-Bedroom (28-42 M2), For 2 Bedroom: Tandem units studio combined with one bedroom condotel/condormitel: 16sq.m
Basement: 2 level parking
Ground Floor : Commercial, Office, Retail
2nd – 3rd floor: Function, Room, Hotel, Food Beverage
4th – 7th floors : Condotel
8th – 12th floors : Condormitel
13th – 25th floors : Residential
26th – 30th floors : Amenities Area
Parking ONE is to ONE
Approximately No. of units per floor
5 floors = 180 units = Condormitel
28 units in a floor in the Residential Floors
36 units in a floor in the Condormitel Floors
31 units in a floor in the Condotel Floors
Php15,000 for residential | Php25,000 for condotel (reservation fee will be deducted from the downpayment)
Processing & Titling: Financing Options:
- cash within 7 days less 12%
- cash within 30, 60, and 90 days still with discounts click here to view table of discounts
- 100% over 3 months with 4% discount
- 100% over 30 months (see table of discounts)
- Down payment is 20%. Balance 80% Options for down payment
- 1. 10% cash down payment, 10% stretched for 30 months, 80% balance bank financing
- 2. 20% down payment stretched 30 months, 80% balance bank financing
What is a Condotel?
A Condotel units are residential units converted to fully furnished hotel rooms that are enrolled and pooled under Lease-Management arrangement with a hotel operator. Condotel buyers would then earn with a share of the revenue/profit from the hotel operations.
Why is a condotel a good investment?
SECURITY AND STABILITY. Like regular condominium unit, a Condotel investment is secured and authenticated by a Certificate of Title issued by the local registry of Deeds.
BETTER THAN CONVENTIONAL CONDO LEASING. Since the condo unit is managed by a professional Hotel Operator/ Management Company, a Condotel Owner enjoys the following:
- Assured Monthly Income wehter the unit is rented or not.
- Higher Yield with a condo unit upgrade to a value-added hotel room.
- Assured Upkeep of the Unit.
- Free Period of Stay and use of the Hotel facilities.
- Worry-free Collection of Monthly income directly credited to the Owner’s bank account.
- Prompt Payment Payables – Association Dues, Taxes, Insurance, and Utility Bills
BETTER THAN A BANK DEPOSIT
- Much Higher Yield – Atleast triple the interest on time deposits
- Real Estate Asset Appreciation
- Best Hedge against inflation