Two opportunities presented themselves to us:
1 One project located nearby, a town with 313k population, a jv, cap ex would be about 20M max:
7 for titling, advances to the land owner: about P6M. There is no competition The town exec wants this to be put up at once. We can sell the plots at premium since there is no inventory in the town
2 Another in an island province. Near a filled up existing similar business, Cap ex needed about P200M
There is an existing competition with about 10,000+ inventories. Population is lower than the nearby town. 303K legit population count. We cant sell at a premium since there is a competition.
The site is near prohibited establishment.
I would prefer #1. because of lower cap ex. Larger population, No competition.
What about you?
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