For the sake of discussion and learning, we talked about a colleague and friend who made about P3-4 million into what has become a famous organic farm. Initially somebody offered P35 -40 million for her 3.5 hectare property located some 50+ km from our town.
Now she wants P100M+ as the only possible deal We said that it is not possible. That price of about P3+ per square meter would seem to be a price of someone who is not selling Maybe a P1,500 to P2,000 /sm would be a more feasible price. Since she/we are all ready old.
If it is going to be a residential or farm lot project, 30% of the land has still to be set aside and the investor would need cost of money or ROI
What do you think: 1. Sell at P1=2,000/sm 2. Sell at P3K/sm?
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