PROPERTY DESCRIPTION:

SAMPLE COMPUTATON OF CANYON COVE BEACH CLUB

CORNER LOT

BLCK NO.                       1

LOT NO.                         2

LOT AREA                       316 SQM

PRICE/SQM                    12,300.000/SQM

TOTAL SELLING PRICE                          3,886,800.00

LESS 10% ACROSS THE BOARD                388,680.00

TOTAL CONTRACT PRICE                      3,498,120.00

TERMS OF PAYMENT  

SCHEME 1( CASH PAYABLE W/IN 14 DAYS)

CONTRACT PRICE                                3,498,120.00

LESS 10% DISCOUNT                              349,812.00

TOTAL PRICE                                      3,148,308.00

SCHEME 2(FULL CASH DAWN PAYMENT PAYABLE W/IN 14 DAYS)

CONTRACT PRICE                               3,498,120.00

LESS 15 DP                                           524,718.00

BALANCE 85%                                    2,973,402.00

15% DP                                               524,718.00

LESS 10% DISCT FULL CASH PAYABLE       52,471.80

IN 7DAYS 

DISCOUNTED DOWN PAYMENT                 472,246.20

85% BAL. PAYABLE IN 5 YRS @ 0% INT.      49,246.70/MONTH