If I buy a Cebu condo from Kiener Hills, how do I achieve the 6% guaranteed return?
A. If you have purchased in Buildings B or E and wish to have guaranteed return option, you simply choose the “Guaranteed 6% Return Management Option,” when purchasing your unit, which provides you a guaranteed gross return of 6% per year (guaranteed for 5 years) of your purchase price. Thus, if you purchase your Cebu apartment for US$62,985, you will receive US$314.25 per month paid quarterly in arrears. Note: 1. Average return per apartment is before applicable taxes and borrowing cost. 2. Yield % (i.e. average return per Apartment/Investment) is based upon investment price. 3. Cost of condo corp. fees, a/c maintenance, Internet, cable TV, and telephone basic rental charges (total less than Php 2,990 per month as of June 2010) are payable by the apartment owner. 4. Cost of replacement or repairs of equipment or upgrade of apartment is deducted from the owner’s account. 5. Rental terms are subject to standard SDR Terms and Conditions. 6. Guarantee is only applicable for units fitted o
