Project Proposal

I.

Project Profile
A. Project Title:

Condominium Building, Rent to Own (8 Floors)

B. Proponent:

Rizal Technological University

C. Unit/Office:

Engineering Department, City Government of Mandaluyong City

D. Project Site (s):

Brgy. Malamig , Basilon St. Boni Avenue Mandaluyong City

E. Project Duration:

Started (Revised) March 18, 2016 Target of Completion

(Revised) June 20, 2020

F. Total Project Costs:

Gen. Fund (Php 180,000,000)

I. Brief Executive Summary:

The condominium help someone else to handle the outside work and also condominium have
a good facilities, if you prefer to have one floor or in one or two bedroom, condos allow you to own
your space rather than to rent.
The common areas like pools and recreation rooms offer opportunities to socialize with
neighbors, condo also offered an common areas such as Party Rooms, and Gym, that can satisfy your
needs.

II.

Project Proposal Proper

Introduction
Condominiums are frequently shortened to condo and it is the form of housing and the other
real property where specified part of a real state, usually of an apartment site is an individual owned.
Use of land access to common facilities in the piece such as hallways, the heating system, elevator
and also the exterior areas are executed under the legal rights. These right also is under controlled by
the association of owners. That jointly represent ownership of the whole piece.
The development of condominium and cooperative housing arrangement are accelerated with
increasing cost of real estate, inflation, increase urbanization and also population growth. Some
advantages of condominium is the ownership interest in the premises, like sharing high building site
and maintenance cost.

The amenities, some condos offer benefits that you cant see in the average home or
apartment building like a gym, swimming pool and party room. The customization , unlike renting
youre free to paint your walls whatever you want with it, you can also put pictures and renovate it.
The price depending on where you live because some condos are more affordable than owning a
freehold home and also mortgage plus condo fees maybe equivalent to rent. The location must be
good because you gain with easy access to work, dining , activities , public transportation and other
amenities. The security offer greater than a free hold home or renting. For one thing people are more
likely take better care of property they own and some buildings offer a secure entrance or a doorman.
You might feel safer with neighbors on either side or worry less if you frequently travel or in a
vacations.

Brief Description of the Project

The condominium has a different types of unit like studio type, we offer a studio type unit it
has already a bathroom and we will assure you that you will be comfortable in the area. We offer
also a unit for the family , the unit have a 2 rooms, 1 CR, kitchen and 1 living room. The unit is
suitable to a family who want to save and be comfortable to their children. Our condominium have
also a swimming pool, where you can have a banding time with your children and to your relatives
and also with your friends.
The cost of the studio type is Php1,820,000 if you rent it the cost per month will be
Php7,584.00 for 20 years of paying. While the unit for the family is amounting of Php2,990,000 the
rent per month will be cost of Php 10,310 for 25 years. After you complete to pay the it, the unit will
be already yours.

Suggested Manpower
Just like any other condominium, must be manage by the owner, with her/his manager and
staff. The staff composed of maintenance, and also the guards will be included, the maintenance will
be the one to maintain the cleanliness of the area and surrounding of the condominium. The guards
are the one who will secure to all the people who will enter to the condo for the safetiness of the
people inside. The manager is the one manage the staff, guards and other employees for aintaining
the good and peacefulness of the condominium.

Description of the Project Site

The project site of the condominium development is in Brgy. Malamig, Basilon St. Boni
Aveneu, Mandaluyong City. The condo is located strategically with access to 5 fast food chain and
some convenient stores. The people who will live in the condominium will have an access to go to
those place in just 5 to 10 minutes from the unit. Most of those establishment are open 24/7 which
means they have no problem if need to grab some food.

Timetable of the Project

The desired completion of the project is fulfilled in four years time. The first year of
operation ( March 2016- June 2017 ) establishes the project sites, the first two floors will be build, it
is about Php50,000,000 which worth of all the materials to use, and the other materials for the next
floors to be build.
On the second year ( March 2017- June 2018) the same number of materials / equipments.
The 3 and 4th floor will be establish, the gym will establish too and including to the all materials
needed.
rd

The third year ( March 2018- June 2019 ) establishes will be the 5th and 6th floors, also
include the elevators of the 5th and 6th floor and the other materials that will be needed to the last
floors.
For the fourth year ( March 2019- June 2020 ) of operations will finally be the performance
rating period of the entire project. Establish the last two floors, including the swimming and the
party room. The conditions and facilities of every unit will be assessed by the engineers.
As estimated, a total number of units will be 240, there are 30 units that have in every floor.

Strategies of Implementation
Major Activities

Strategies

Time Frame

March 2016-2020
1. Project Proposal Approved

Submission to the office of the March 3-7

mayor

2. Fund Sourcing

Approval of the concerned

March 8-11

3. Material Acquisition and Initial Inventory and signing of March 12-16

Delivery
documents
4.
Orientation
with
Partnership, members
Officials Administrative

the Meeting and consultation for March 17-21

and the project Implementation

5. Promoting the Condominium

Preparation for Advertising

One Year

6. Monitoring of the Loaned Regular checking/Review of Whole Year

and Rental for its Units
the record, the rental expenses,
income and income tax
7. Submission of Reports Preparation and presentation of Every last month of the year
(Accomplishments, etc.) to the report for the first year
office.
operations.

Budgetary Requirements

A. ACCUMULATED PROJECT COST:

Php 180,000,000

B. BREAKDOWN OF PROJECT COST

All Materials for Construction

Php 130,000,000

Steal Bars, Cocolamber

Paint
Sand
Rocks
Hollow Blocks etc.
Facilities
Labors

Php 50,000,000

Projected Acquisition:

Php 180,000,000

Project
In
English IV
Submitted by: CBET-20-403A
Sandy Mae Competente
May Ann Donayre
Francheska Estrada
Evelyn Dichoso
Edalyn Villamor
Aljohn Dolores
Jeremy Domingo

Submitted to: Prof. Jodezza Caday