There were 3 business proposals on real estate that we recently evaluated and we had to conduct a tripping
1. A dacion of subdivision plots, who owed a substantial amount, with purported value of P14K/sm
However the subdivision was badly developed: no open space, cracked concrete roads, no
centralized water system. (Despite Manila Water) To somewhat add pain to our all ready difficult
situation, we were even asked to submit proposal to develop the project. (Just to think that this
project is owned by a Congressman from Eastern Visayas, ex officer of a Pharma, As a developer we
made sure our development was completed and of high standards (wide roads 3,000 psi strength)
No deal. We are merely collecting our money.
2. A 3,900 square meter in San Mateo near the church and Mun Hall, It looked like a bargain at
P12M net, however it would need at least P50M in backfilling and slope protection. That will
make the lot prohibitive. No wonder this has escaped the business development staff of nearby
developers. No deal
3. A 9600 sm property purportedly owned by an acquaintance in elementary school whose asking price
is 23,M. It is located in a depressed area, accessed by narrow road but very near SM Save More.
The property has a 43 meters frontage, and just like in San Mateo, the front 400 sm is elevated. and the
rest is depressed which is a bad Feng Shui project. I am looking for alternative entrance. But it does
not change the Feng Shui orientation, ie going to work from home on a steep exit. Araw araw pagdu
rusa. No deal.
Let us look for other properties that will be easier to develop and sell
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