Possible business, business deal in an island province

Every generation needs a revolution - an entrepreneurial revolution

A business colleague was kind enough to visit us today and meet up in Makati, as she pursues her duties as an officer of financial institution.  This is going to be part of her vision to provide mansions as mentioned in John 14 - 2:3.

It is going to be near an existing business, 4.4 hectares in area.  But its going to cost us in the high 4 numbers but we can get high selling price, the inventory being in such short supply in the area.  The area is only 5 km from the main city proper, and the airport.  

Its going to be positioned as a high end market (for the GE market) more luxurious more defined features.  

The only obstacle to the projects are:    1.  salability  - can we sell at P100K in 4 to 5 years. 2. can we have funds to cover the good 9 numbers selling price  (albeit small dp, 4 years qtrly payment.

Good luck to us.  Fortunately it rained hard as I was going home.   

We were comparing two investment options: one in a City in an island province, the other in Rizal equal number of population

Every generation needs a revolution - an entrepreneurial revolution

We were confronted with making a choice between possible investment

                      island province                              Rizal province

Area                 3.2 hectare                                   3.5 hectare

Docs                 titled                                            tax dec (untitled)

Populations      303K                                            313 K

Competition     3 other MPs but distant               none (will be the sole MP

deal                   purchase at  P8K/sm                   JV

Cash out          P200M                                         Max 20M

Degree of        high for cash flow                        high for titling

difficulty    

What is your choice?  Which do you prefer?

More business opportunities at the beginning of 2023 - forecasted to be bad year of the Rabbit

Every generation needs a revolution - an entrepreneurial revolution

Just had a conversation the other day with a business friend, a bank executive regarding her query of the possibility of investing in a memorial park in the capital of island province.   There are no more inventories, and the land she presented to be a possible site 3 years ago at P400/00 sm is now a city

cemetery.

What are the things that favor such a project:

1.  The only memorial park in the city is sold out.

2.   The selling price is  P115k/plot - but there are no inventories

3.   The population of city is 307 k.

4.   The city is first class with annual revenue of P3.8 billion

Memorial opportunities:

    1.  Death rate at 0.5% = 15,000 (we can sell in one year)

    2.  Household  300,000/5 =  60,000

    3.  Class A and B buyers =  10% =  30,000.

We can have buyers in excess of inventories.  We can cover by having say 20,000 columbarium 

Possible sites:

1.  5.2 hectare going up north at P1,200/sm  (about 60m cash)

2.  JV with religious for a columbarium

For the 5.2 hectare, the yield would be about 12,500 plots that can be sold for P80k per plot or 1B

What to do:

1.  Talk to the religious for combi project of  MP and columbarium/crematorium

2.  Agree to P1,200  stagger payment, secure pre sales commitment to pay the balance.   

https://goo.gl/maps/bGuptJKytikcNW8r5

    

New business opportunities at a major city in Region 1

Here is an example of business opportunity seeking.  See if you can think of business opportunity;  it could be an example of serendipity walk.  It takes some kind of sagacity to see business opportunity where you only see dirt and clutter.

I went on a business trip to a major crossroad city in Region 1.  The city has progressed so much.

I met 3 groups of people for possible business ventures/assistance.

1.  Mr. A.

       1.  A memorial park in a neighboring progressive town.  It is a 2 to 3 hectare in town whose name starts with V. he welcomes a JV proposal

       2.  Take over, purchase of a memorial park in a town.  It is 2 hectare and he benchmarks Holy Gardens San Carlos;  average selling price is 30t per plot.

     He was amazed at our presentation ie for the 11 memorial parks and equal number of residential subdivision we have developed

Commercial complexes.

Property  M

     It is located some 200 meters away from the city boundary and right now they have a chicken fine dining company which leases a portion of the 2 hectare property. It stands opposite a 3 level school.  The property owner wants a mixed use development:   commercial and residential.  A 50 sm townhouse sells at the city for P3 million.

    A very strong compelling business concept is needed here;  I am thinking of Mandurriao type of development:   night spots, restaurants, entertainment center catering to the young so that it will draw large traffic.

   The business assistant proposes a Pogo type of resort development

Property K:

This is a 1 hectare property measuring estimated 50 meters x 200 meters now being occupied by a computer shop, and a chicken fast food (the imported brand). Right across is are Jollibee and 711 They occupy about 1,000 sm of the total property.  The rest of the property is being used for ferya temporarily  It is besides a flowing live creek.  What is the challenge?

     This calls for a major architectural plan.  What is my idea:

     1.  Reserve 4,000 sm for office space and town house development

     2.  Develop the creek and make it a promenade type of development center of attraction (a la Esplanade in Iloilo)  You might even call the place The Creek.  You can have restaurants over the creek houses with a creek underneath. etc.

2.  Mr. J

His real estate company bears my name and that of my mother.  Jorge and Teresita Realty Corporation.  However, his development which consist of about 40 to 50 sm, up and down, and sells for P1.2 each,  do not seem to bear our brand of development.  It is located opposite a feedmill and the vicinity smells of feedmills stuff;  not very attractive for the buyers.  They have sold just l7 units for the last 4 years  (That is 4 units sold per year;  not very inspiring!).  The development looks ugly and do not bear the signature of Feng Shui typical of Chinese owner.  The morning afternoon sun orientation was not followed.

A marketing plan that includes removal of the smell and making the product more attractive could be made.  Thus promos, flaglets, events could be planned to speed up sales

3.  The 3s Marias

They own a 4 hectare property that is outside another major city and the ladies are old, wanting to cash out their property holding.  They disdain JV.  However they were impressed with the number of memorial parks we are operating and have developed.

Currently, the land is water impounded due to the recent flood and rain and may not approved as memorial park.  As garden park, maybe.  Under study

                               This was financed by govt through Sen Drilon PDAF (?)

                                    This park is a crowd drawer.

                                   The creekside may be patterned after this to create differentiation

                                    A very handsome park

                               Business opportunity -  office building

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