An Investment Proposal. FOREIGNERS CAN BUY! 100% FOREIGN OWNERSHIP ALLOWED!

Discover La Mirada - the ultimate in beachfront modern day homes that brings new levels of comfort, contentment and luxury - reflective of the distinctive quality of life lived at Residencia de Vistamar.

"A Princely Investment in a Watercourt Sanctuary"
TURNOVER DECEMBER 2010Following the sold-out success of the now fully operational SOTOGRANDE HOTEL & RESIDENCES, Here comes LA MIRADA. the second of four Towers in a world-class resort community-to Residencia De Vistamar:

La Mirada is located at Mactan the most prime tourist destination in Cebu, it offers luxurious living and a breathtaking 360 degree view of Hilutungan Channel.

Offering Studio, One and Two Bedroom Residential
Units in this 15-storey Spanish Mediterranean tower for sale for completion on December 2010.

La Mirada at Residencia de Vistamar is a 15-storey
waterfront condominium located at Dapdap, Mactan, Lapu Lapu City. It provides you the lifestyle of luxurious living with a proximity to
numerous landmarks like Lapu-Lapu shrine, Mactan International Airport, Shangri-la Resort Hotel, Hilton Hotel, and many more. As a unit owner, you can enjoy the first-rate amenities and leisure facilities of the well-known adjacent fully operational Vistamar Country Club including fine dining facilities,function rooms for parties and celebrations, fully-furnished vacation villas, tennis court, basketball court and playground, which is the first of its kind in Mactan. In addition to that, adjacent Sotogrande Hotel's well-appointed suites and the surrounding seas and shores are great for island hopping and water sports activities for you, your family or for your guests.
LA MIRADA has its own amenities and facilities such as Swimming Pool and Multi purpose Hall other than that of Vistamar Country Club.

PRODUCT OFFERING:
1) STUDIO TYPE---48.95 sqm, 49.02 sqm, 42.42 sqm ,45.63 sqm
2) 1 BEDROOM----80.36 sqm, 93.74 sqm ,59.52 sqm, 60.27 sqm
3) 2 BEDROOMS ---82.07 sqm, 86.43 sqm, 97.32 sqm, 101.63 sqm

4RTH TO 10TH FLOOR LOCATION
UNIT A & B--- are facing Shangrilla hotel
UNIT C & D---are facing the sea
UNIT E & F----are facing Maribago side
UNIT G & H---are facing Lapulapu City
Parking is optional. P400,000
All Studio are exclusive of parking slot.

HURRY!! PRICE INCREASE ON OCTOBER 16,2010
UPDATED JANUARY 2011
4RTH FLOOR

STUDIO TYPE 1 (SAMPLE COMPUTATION)
Unit Area = 43.95 sqm ( w/ balcony)
Total Contract Price--P3,330,375.00
Reservation Fee --P50,000.00
Scheme 1 Payment --90% downpayment with discounts, 10% balance payable upon availability of Title, (no interest)
90% downpayment----P2,997,337.50
Less reservation fee----P50,000.00
15% disc. if paid within 7 days-P2,497,736.88
12% disc. if paid in 30 days---P2,587,657.88
10% disc. if paid in 60 days --P2,647,603.75
balance upon given of Title----P333,037.50

Scheme 2 Payment --51% -89% downpayment w/ discount, 49% balance payable in 3 years (no interest)
51% Downpayment---P1,698,491.25
Less Reservation Fee--P50,000.00
12% disc. if paid in 7 days--P1,444,672.30
9% disc. if paid in 30 days--P1,495,627.04
7% disc. if paid in 60 days--P1,529,596.86
49% Balance payable in 3 years monthly--P45,330.10
Scheme 3 Payment --20% downpayment, 80% balance payable in 2 years (no interest)
20% Downpayment---P666,075.00
Less Reservation Fee--P50,000.00
20% DP payable in 6 months = P102,679.17
80% balance--P2,684,300.00
80% payable in 2 years no interest = P111,012.50

Scheme 4 Payment--20% to 50% downpayment, 80% balance
payable in 2 years, no interest, or 5 years to pay
w/ 14% int./ annum.
20% Downpayment----P666,075.00
Less Reservation Fee---P50,000.00
10% disc. if paid in 7 days---P549,467.50
7% disc. if paid in 30 days---P569,449.75
5% disc. if paid in 60 days---P582,771.25
80% balance payable in:
2 years, (no interest)---P111,012.50
5 years monthly amort. --P61,998.26 (14% int)
10 years to pay monthly--P44,627.03 (16% int) ------------------------------------------------
4RTH FLOOR
1 BEDROOM UNIT TYPE
Unit Area = 75.36 sqm ( with balcony)
Total Contract Price------P5,103,555.00

SCHEME 1 PAYMENT---90% Downpayment w/ discounts,10% balance payable upon availability of Title, no interest.
90% Downpayment---P4,593,199.50
Less Reservation Fee--P50,000.00
15% disc. if paid in 7 days --P3,854,219.58
12% disc. if paid in 30 days --P3,992,015.56
10% disc. if paid in 60 days --P4,083,879.55
10% balance upon given of Title--P510,355.50

SCHEME 2 PAYMENT --51% Downpayment with discounts, 49% balance payable in 3 years, No interest
51% Downpayment ---P2,602,813.05
Less Reservation fee---P50,000.00
12% disc. if paid in 7 days --P2,240,475.48
9% disc. if paid in 30 days---P2,370,616.14
7% disc. if paid in 60 days --P2,500,741.95
49% balance payable in 3 yrs monthly amortization --P69,465.05
Scheme 3 Payment --20% downpayment, 80% balance payable in 2 years (no interest)
20% Downpayment---P1,020,711.00
Less Reservation Fee--P50,000.00
20% DP payable in 6 months = P161,785.17
80% balance--P4,082,844.00
80% payable in 2 years no interest = P170,118.50

SCHEME 4 PAYMENT = 20% downpayment w/ discount, 80% balance payable in 2 years, No interest, Or 5 yrs to pay w/ 14%
interest/annum, 10 years to pay w/ 16% int./annum

20% Downpayment---P1,020,711.00
Less Reservation Fee--P50,000.00
10% disc. if paid in 7 days --P868,839.90
7% disc. if paid in 30 days --P899,261.23
5% disc. if paid in 60 days --P919,675.46
80% balance payable in 2 yrs, No interest---P170,118.50
5 years to pay monthly amortization ------P95,007.78
10 years to pay monthly amortization---------P68,387.64
AVAILABILITY:
Studio Unit A (44.03 sqm) P3,203,160
Studio Unit D (43.95 sqm) P3,330,375
Studio Unit F (44.03 sqm) P3,203,160
Studio Unit G (43.95 sqm) P3,330,375
Studio Unit H (43.95 sqm) P3,330,375

1 BR Unit D (88.74 sqm) P5,685,820
1 BR Unit F (75.36 sqm) P5,103,555
1 BR Unit G (88.74 sqm) P5,685,820

-----------------------------------------------

5TH FLOOR
7 STUDIO UNITS AVAILABLE
6 1 BR UNIT ARE AVAILABLE
STUDIO UNIT A,E,F
UNIT AREA = 37.42 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P3,143,280.00
STUDIO UNIT C,D,G,H
UNIT AREA = 40.63 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P3,412,920.00

1 BEDROOM UNIT A,B,E,F
UNIT AREA = 54.52 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P4,579,680.00
1 BEDROOM UNIT G,H
UNIT AREA = 55.27 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P4,642,680.00

6TH FLOOR
6 STUDIO UNITS
5 (1 BR UNIT) ARE AVAILABLE

1) STUDIO UNIT A,B,E,F
UNIT AREA = 37.42 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P3,161,990.00

2) STUDIO UNIT C,D,G,H
UNIT AREA = 40.63 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P3,433,235.00

1) 1 BEDROOM UNIT A,E,F,
UNIT AREA = 54.52 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P4,606,940.00
2) 1 BEDROOM UNIT D,G,H
UNIT AREA = 55.27 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P4,670,315.00

7TH FLOOR
6 STUDIO UNITS
5 (1 BR UNIT) ARE AVAILABLE

1) STUDIO UNIT E,F
UNIT AREA = 37.42 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P3,180,700.00

2) STUDIO UNIT C,D,G,H
UNIT AREA = 40.63 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P3,453,550.00

1) 1 BEDROOM UNIT A,E,F
UNIT AREA = 54.52 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P4,634,200.00
2) 1 BEDROOM UNIT D,H
UNIT AREA = 55.27 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P4,697,950.00

8TH FLOOR
5 STUDIO UNITS
3 (1 BR UNIT) ARE AVAILABLE

1) STUDIO UNIT E,F
UNIT AREA = 37.42 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P3,218,120.0
2) STUDIO UNIT C,G,H
UNIT AREA = 40.63 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P3,494,180.00

1) 1 BEDROOM UNIT F
UNIT AREA = 54.52 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P4,688,720.00
2) 1 BEDROOM UNIT G,H
UNIT AREA = 55.27 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P4,753,220.00
9TH FLOOR
6 STUDIO UNITS
6 (1 BR UNIT) ARE AVAILABLE
1) STUDIO UNIT A,B,E,F
UNIT AREA = 37.42 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P3,236,830.00

2) STUDIO UNIT C,D,G.H
UNIT AREA = 40.63 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P3,514,495.00

1) 1 BEDROOM UNIT B,E,F,
UNIT AREA = 54.52 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P4,715,980.00
2) 1 BEDROOM UNIT D,G,H
UNIT AREA = 55.27 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P4,780,855.00

10TH FLOOR
4 STUDIO UNITS
4 (1 BR UNIT) ARE AVAILABLE
1) STUDIO UNIT E
UNIT AREA = 37.42 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P3,255,540.00

2) STUDIO UNIT C,G,H
UNIT AREA = 40.63 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P3,534,810.00

1) 1 BEDROOM UNIT A,,E
UNIT AREA = 54.52 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P4,743,240.00
2) 1 BEDROOM UNIT G,H
UNIT AREA = 55.27 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P4,808,490.00
11TH FLOOR
7 (1 BR UNITS) ARE AVAILABLE
1) 1 BEDROOM UNIT A,G,J,
UNIT AREA = 60.73 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P5,404,970.00

2) 1 BEDROOM TYPE K,M
UNIT AREA = 61.88 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P5,507,320.00
3) 1 BEDROOM UNIT B,H
UNIT AREA = 62.53 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P5,565,170.00

4) 1 BEDROOM UNIT E,L
UNIT AREA = 68.60 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P6,105,400.00

12TH FLOOR
7 (1 BR UNITS) ARE AVAILABLE
1) 1 BEDROOM UNIT A,G,J
UNIT AREA = 60.73 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P5,435,335.00

2) 1 BEDROOM UNIT K,M
UNIT AREA = 61.88 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P5,538,260.00
3) 1 BEDROOM UNIT H
UNIT AREA = 62.53 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P5,596,435.00

4) 1 BEDROOM UNIT L
UNIT AREA = 68.60 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P6,139,700.00

14TH FLOOR
1 (2 BR UNITS) ARE AVAILABLE
1) 2 BEDROOM UNIT A,B,E,F SOLD
UNIT AREA = 92.32 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P8,354,960.00

2) 2 BEDROOM UNIT G,H
UNIT AREA = 96.63 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P8,745,015.00
15TH FLOOR
2 (2 BR UNITS) ARE AVAILABLE

3) 2 BEDROOM UNIT F
UNIT AREA = 92.32 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P8,401,120.00

4) 2 BEDROOM UNIT G,H
UNIT AREA = 96.63 SQM ( WITH BALCONY)
TOTAL CONTRACT PRICE----P8,793,330.00

_____________________________
MODES OF PAYMENT:

RESERVATION FEE -----P50,000.00
1) SPOT CASH - with 15% discount base in 90%, retention of 10% will be payable upon presentation of title.

2) 51% downpayment, 49% balance payable in 3 years w/out interest.

3) 20% downpayment, 80% balance payable in 2 years free interest, 5 to 10 years to pay w/ 14% & 16% interest/annum