City Place Residences, Binondo, Manila
Experience the special apartment lifestyle in the heart of Binondo
CityPlace Residences is an apartment complex in Manila, one of Metro Manila’s major cities. CityPlace Residences offers residents a privileged lifestyle that many can only dream of. CityPlace Residences is once again pushing the boundaries of residential living by providing comfort and affordability, ensuring residents live the lives they deserve, and creating more wonderful family memories. their family.
This makes buying an apartment at CityPlace Residences worth every penny. The properties in the Manila area are strategically located, which is why owning a condominium is an attractive investment one can make.
Choosing the right location is one of the first and foremost deciding factors when buying or renting real estate. CityPlace Residences enjoys a prime location in Binondo, Metro Manila, within convenient distance of facilities such as schools, churches, shopping malls, offices and restaurants, making the purchase of CityPlace Residences a perfect choice. Perfect for those starting a family, student or professional in this place close to their work and school.
Affordable Loans You Can Get To Buy a New Condominium
There are many affordable home loans that you can consider to help you buy that new loan of your dreams.
PAG IBIG Housing Loan (HDMF)
One of the most popular funds is the Home Loan PAGIBIG or Home Development Mutual Fund (HDMF for short), a fund dedicated to the creation and implementation of a national savings and grants program. affordable housing for Filipinos.
The PAGIBIG Home Loan allows members to borrow money from the fund to purchase real estate or to renovate or upgrade existing properties.
Most employed Filipinos have a PAGIBIG account because the government requires it for all employers.
PagIBIG Fund members can repay their home loan over 30 years.
Commercial Banks Home Loans
There are many big banks in the Philippines that offer home loans at much more affordable interest rates than PAGIBIG.
Real estate lending rates applied by large commercial banks range from 4.99% to 7.5% for loans with a term of one year and from 7.5% to 9, 75% for a 10-year loan. Banko Sentral ng Pilipinas (BSP) has now kept its prime rate at 4.57% on overnight loans.
Commercial banks offer loan terms up to 20-25 years, however in some cases the term may depend on the purpose of the loan.