Citta di Mare is a master-planned community spanning approximately 50 hectares at the newly reclaimed
South Road Properties of the Cebu City Government.
Citta di Mare, or “the City by the Sea”, captures the charms of resort living with its majestic views of Mactan’s
coast and Cebu’s mountains. The development, bisected into 2 sections by the Cebu Coastal Road, will
redefine waterfront and seaside resort living in the Visayas.
Il Corso, the 106,148sqm section directly fronting the sea will be developed into a waterfront lifestyle strip
that will offer a range of seaside leisure activities.
The 390,484sqm section on the opposite side of the Coastal Road will be developed into a residential resort
town composed of themed residential communities anchored by the Piazza, an Italian-inspired common
amenity area. The development on the area is a joint venture development project between Filinvest Land,
Inc. and the Cebu City Government.
Amalfi Oasis, the first residential cluster to be developed at Citta di Mare, is inspired by the Italian coastal
towns along the Costiera Amalfitana (Amalfi Coast), which is renowned for its scenic beauty, picturesque
towns and diversity.
South Road Properties (SRP), Cebu City
The South Roads Properties (SRP) is a 300-hectare prime property development project on reclaimed land
located a few meters off the cost Cebu’s central business district. It is registered with the Philippine
Economic Zone Authority (PEZA) as a Special Economic Zone.
Its project cost of over 12Bn Yen was funded by the Japan Bank for International Coopreation (JBIC).
Counterpart funding was provided by the City of Cebu which owns the project.
Abutting the SRP is the Cebu Coastal Road, a 12-kilometer, 4-lane highway that costs 18Bn Yen and was also
funded by the JBIC.
Features of and Infrastructure at the SRP (from the Cebu City Government)
Reclamation and all other civil works were done by Japanese contractors in conformity with
internationally accepted engineering standards.
To optimize the use and cost of water, a dual piping system will be installed, a separate pipe for
potable water and another one for gray water.
Fiber Optic cables for all telecommunications and broadband requirements will be available.
Security will be greatly enhanced since the project is virtually an island and all approaches will have
checkpoints.
Proposed Bus Rapid Transit line
Proposed Ferry Terminal
Buffer zone between SRP and Inayawan area
Locators at the SRP
Proposed Court of Appeals Building
304,100sqm SM Prime Holdings development, bought from the Cebu City Government at 3.1Bn
3.1has area leased to Bigfoot
3.02has proposed City Hall Block
5.1193has proposed UP Campus
0.6439has area for utilities
4.7036has area for DPWH
The approximately 50has property is envisioned to be just that – a thriving metropolis complete with all
the conveniences of living within the city. Investing in a home at Citta di Mare doesn’t just mean getting a
dwelling unit – you invest in a city. The residential community comes with separate amenities per cluster,
with generous open spaces and landscaped areas. It is a pedestrian-friendly community with car-free zones
where your children can run around freely. The community has a central amenity area complete with a
church, school, retail shops, cafes and sports ground. The proposed UP campus is also just a few blocks
away. Across the road is Il Corso, a waterfront lifestyle strip that introduces a new dimension of seaside
pleasures. It features a boardwalk, beach sandbox, marina, cafes, bars, restaurants, souvenir shops, home
depot, retail shops, exhibit tents, amphitheater and high-rise residential condominiums.
A sunset stroll on the beach…a leisurely lunch overlooking the water…dancing the night away at a
beachfront concert…cocktails onboard a moonlit cruise. The charms of seaside living abound, evoking
images of world-class waterfront attractions such as Sydney’s Darling Harbor, Newport Beach, Fisherman’s
Wharf, and the romantic French Riviera. Citta di Mare captures this idyllic lifestyle. Here, resort living
becomes a way of life. You can fulfill your dreams of making the sea a constant, soothing presence in your
life.
Citta di Mare is a joint venture development between the City of Cebu and Filinvest Land, Inc.
Cebu City Government is the owner of the South Road Properties (SRP) composed of 300 hectares of prime
property development on reclaimed land located a few meters off the coast of Cebu’s central business
district. The SRP cost over 12Bn Yen and was funded by the Japan Bank for International Cooperation.
Counterpart funding was provided by the City of Cebu.
Filinvest Land, Inc. (FLI) is a family corporation owned by fellow Cebuanos – The Gotianun Family. Whatever a
Filipino family’s dream may be, Filinvest can build it. From a first home, a lasting legacy, to a desired lifestyle,
the company caters to the need of every Filipino, whoever he may be.
- 50 years in the business and one of the country’s leading real estate developers
- With a diverse property portfolio catering to all markets – from its core best-value homes to premier
communities and townships, retail and commercial establishments, offices and business parks,
condominiums and leisure developments
- With assets valued at 165.59 billion and stockholders’ equity of Php62.37 billion
- Developed over 2,000 hectares of land and more than 600,000 suare meters of prime office,
residential and retail spaces
- Built on the Gotianun tradition of integrity, quality and service
With every milestone conquered, one more Filipino dream is fulfilled.
Project Timetable
Start of Construction : Last Quarter of 2010
Project Completion : Target date of December 2011 for the first building
Unit Description
Number of Units : First Building – 150 units
Unit Mix : 2-Bedroom (52sqm, 57sqm)
3-Bedroom (85sqm, 108sqm, 113sqm)
ENJOY LIVING at THE SRP of CEBU, Philippines
Other Projects in SRP Cebu
Proposed Court of Appeals Building
SM Prime Holdings development
Bigfoot
City Hall Block
UP Campus
Themed Residential Resort Communities
• Amalfi Oasis
• Phase 2
• Phase 3
• Phase 4
• Piazza, central activity area
Condominium units
Club House
Reservation = 30,000 pesos
Unit number = 101 Ground Floor
Unit type = 2 bedroom
unit area = 56.79 sqm
balcony = 11 sqm
Total Area = 67.79 sqm
Total Contract Price = 6,053,600 million pesos
Unit number = 212 Second Floor
Unit type = 3 bedroom
unit area = 85.18 sqm
Total Contract Price = 7,531,500 million pesos
Unit number = 421 Fourth Floor
Unit type = 2 bedroom
unit area = 51.72 sqm
Total Contract Price = 4,664,200 million pesos
Unit number = 510 Fifth Floor
Unit type = 3 bedroom
unit area = 113.58 sqm
Total Contract Price = 10,276,200 million pesos
SAMPLE COMPUTATION
Floor = 5th
Unit No = 520
Unit Type = 3BR
Unit Area = 113.58 sqm
Unit Price = 10,142,700 million
Payment Computation
90-10
TCP Net of 8% Discount on the 90% = 9,412,400
90% payable upon Reservation = 8,471,160
10% Retention = 941,240
Deferred Cash
Monthly Installments for 24 months = 430,548
20/80 (In-House Financing)
20% in 18 months (Net of RF) = 111,030
80% Balance = 8,114,160
5yrs @ 15% = 200,406
7yrs @ 17% = 173,190
10yrs @ 19% = 158,839
20/80 (Flexi Term In-House Financing)
20% in 18 months (Net of RF, w/ PF) = 111,030
80% Balance = 8,114,160
5yrs @ 11.5% = 185,822
7 yrs: First 5 yrs @ 11.5% = 148,447
Yrs 6 to 7 @ 19% = 159,194
10 yrs: First 5 yrs @ 11.5% = 121,452
Yrs 6 to 10 @ 19% = 141,931
10-10-80 (UCPB Bank Financing)
10% 1st DP Payable in 18 months = 54,682
10% 2nd DP Payable in 12 months = 84,523
80% Balance = 8,114,160
First 5yrs: 5-year term, @ 10.25%* = 180,772
First 5yrs: 7-year term, @ 10.25%* = 143,125
First 5yrs: 10-year term, @ 10.25%* = 115,726
[B]For more details please send your full name and contact details to
09159024550. We will call you as soon as you send your contact info to us.
Citta De Mare - City by the Sea
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