Pictures of the development

A staggering P700t worth of materials has been spent on the 9th floor and much is very visible and which contributed to the 4% weighted development of the project.  This excludes about the P400t which has been spent on labor (but much of that is on finishing)

                                      Wall near the stair from 8th floor

                                           Steelworks for the beam

                                 Ingenious formworks

                                   Many columns are up

                                         See the invented clamps

                      Concrete ledges in lieu of polycarbonate for shade and sunlight protection

Our goal is to finish Corte Fragata by November 23, 2013 time of Angono Town Fiesta

1151 Eloisa Sampaloc Manila PHL   September 28, 2013

We met with the workers, engineers and funders for the final completion of Corte Fragata.

Some of noteworthy news:

1. The works last week September 22 to 28 amounted to 3% of the total project cost;  that is amazing since that period covered only 6 days;

2.  There are 34 workers at the site and more than half million worth of materials have been purchased and delivered for only one week.

3.  Next week, the electrical materials and more finishing materials for the 6th to 8th floor will be bought;  the 9th floor (topping off portion is in full blast)

4. There was a walk in buyer who is interested at the 4th floor.

5.  There will be t shirts, tarp at the site, and prizes for workers in case the project % are met on certain dates.

Some refreshments and food were served to the workers at the end of the meeting

Congratulations to Sir Frank and his team for job well done

Wowing them with Corte Fragata website

When we were securing additional funding for the speedier financing of this condo project, all we had to do was to give them the website and the link.  And we were able to wow them instantly.  A website, blogsite gives the project instant recognition and credibility.  But of course, the track record of the one who leads the project, the ability to keep up with the promises on time builds the credit and the trust of the various stake holders. 

And we are happy that we have that trust and confidence.  That we can deliver and we can keep our promises

Growing interest on Corte Fragata

We are very much elated with the growing interest at Corte Fragata.  This site is very much visited, the slideshare presentation has many views.

We all ready made posts at Sulit and there has been a number of visits and a lot of telephone inquiries have been made at the telephone number we provided.

A number of bulk buyers and resellers have made inquiries too. 

The buyer of a certain floor has signified that she will be buy the two other units on her floor.  We have a prospect on the 5th floor.

Faster pace of finishing work at Corte Fragata

This new management team that took over the finishing work at Corte Fragata undertook the following:

1.  Had an extension of the construction moratorium with the major bank for the next 3 months;

2.  Obtained additional funding, 2 million for the finishing works;

3.  Purchased the bulk of materials for finishing of the following 5th to 8th floor, safety, and the 9th floor. (topping off)

4.  Establishment of house rules and procedures,  facilitating the logistics and supply chain

The 10 weeks finishing period might take lesser time.

The ruffled feathers among the memebers of the construction team has been smoothed out and smooth sailing for the completion is expected.  Tomorrow, we have the construction meeting and we celebrate 3% accomplishment for the week.

Corte Fragata sales policies

Sales policies

1.  Product  -  one unit of condo unit, located at 1151 Eloisa, Sampaloc Manila.  Bare with floor and bathroom tiles and fittings, with cabinets:  kitchen and toilet.

2.  Price  -  Selling price of P2,450,000.00

   1.   Discounts:  (negotiable)

    Spot cash  - 
     30 days cash   -

     60 days cash  - 

     Discounts may be given in total as cash discount and or gifts. (Thus a 7% discount may be 5% cash discount and 2% may be in the form of additional works on the unit or appliances.

     2.  Terms:

          1.  Reservations:    P20,000 only which is good for 60 days, forfeitable or consumable as one month rent if the customer backs out

         2.  Downpayment:  30% of the P2,450,000.00 balance maybe payable in  __ months without interest:

             6 months:     122,500

             12 months :     61, 250

       3.  In house financing:   5 years to pay P41,445 per month

       4.  Bank financing:  upon submission of bank documents and approval, the MA shall be (courtesy of BDO as of September 20, 2013

       For balance of Pl, 715,000.00

       10 years to pay   - 22,664.00

       15 years to pay  -  19, 763.00

2  Placement;

Agents/brokers are welcome.  However they are to be accredited upon submission of proper credentials and tract record (after verification and investigation:

  
  1.  Referral fees:    A referral fee shall be given to anyone who can refer a sale.  The referral fee shall be paid upon completion  of the sales.  It shall be 0.025% of the net sales or approximately P10,000

  
  2.  Commission  :

          Accredited agents:    3% of net sales

         Accredited brokers with REBL/PRC -  5% of net sales.

  3.  Payment of commission:

        Commission shall be paid outright upon:

        1.  Completion of downpayment

        2.  Signing of the contract to sell;

     

 In no case shall payment of commission be made with partial payments of downpayment

Sent to the owners and approved 9/192013  10:32 text message to +9228730181

3.  Cash discount -  inquire from Marketing Coordinator -  Ruby Singco  +639053727946

4. Bulk discount -  negotiable with owners.  Call:  +632 523 8128

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