Business Proposal Project Economics 2010

8/7/2019 Business Proposal Project Economics 2010

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Manila Science High School

Taft Avenue corner Padre Faura Ermita, Manila

Project in Economics

³Presentation of Feasibility Study´

Submitted By:

Brent G. Ordillano

Angeline Alyssa V. Nuguid

Glenn Carlo D. Clavel

Lois Mari A. Laput

IV-Einstein

Submitted To: Ms. Purificacion Jacob



A PROJECT OF ORDILLANO-CLAVEL CONSTRUCTION CORPORATION

(STATEMENT OF JUSTIFICATION ON POTENTIAL ECONOMIC/SOCIAL BENEFITSOF THE PROJECT)

LAND OWNER LOIS MARI A. LAPUT

DEVELOPER ORDILLANO-CLAVEL CONSTRUCTION CORPORATION

ARCHITECT ANGELINE ALYSSA V. NUGUID FUAPSUITE 326, UNION SQUARE CONDOMINIUM15th AVENUE, CUBAO, Q.C. Tel. #: 911-0257



NAME AND ADDRESS OF PROJECT

Name of Project

location

LOW COST HOUSING

Brgy. Pinmaludpod

Urdaneta, Pangasinan

LOIS MARI A. LAPUT (Lot

Owner)

VILMA M. MOYA

(A joint venture)

Owner

Partner

Developer

Contact ROMY MOYA

PMACCI Bldg. No. 61, Stanford St.

Quezon City, PhilippinesTel. No. 912-2588, 912-2595

VILMA MOYA

No. 57 Josefa Avenue, North Susana

Village

Quezon City, Philippines.

Tel. Nos.: 931-1778, 932-8458

GEORGE S. SALVAN

Suite 326 Union Square Condominium15th Avenue, Cubao

Quezon City, Phillipines.

PROJECT DESCRIPTION OUTLINE

FOR DEVELOPMENT PROJECT

OBJECTIVE AND STATUS OF THE PROJECT

1 Type of Project

The construction of a Low-cost Housing Subdivision

2 Objective of the ProjectA. To develop initially the 15,420 sq. M. property into a medium and low-cost

residential subdivision and to attain a higher-than-average return oninvestment. Specifically, the residential subdivision will be made available andaffordable to prospective owners who prefer self-sufficient housing units withthe needed facilities and amenities contained within a functional and safesubdivision that is very accessible and ideally located near the heart of Urdaneta, Pangasinan.





main junction going to Baguio City and to Metro Manila. It is approximately 3 kmfrom the Urdaneta main market, the municipal hall and the Catholic Church. The siteis Lanapin School which is 500 meters away and 3 km away from UrdanetaCommunity College, important places are easily accessible by tricycle, buses andjeeps.

y Vicinity Map (please refer to exhibit A)y Development Plan (please refer to exhibit B)

y The initial project site comprises about 15,420 sq. m. meters and its naturaltopography is that of a flat terrain having been a rice field, the solid condition ispractically of good hard soil which provides a solid base for housing projects.

DESCRIPTION OF ENVIRONMENTAL SETTING A. The existing environmental conditions in the proposed site are not that critical and

do not pose hazards to the people around. There are no nearby surface water bodies andcritical ecological systems. The incidence of air pollution from smoke-belching vehicles isan existing environmental problem.

The site needs no fillings as it is flat terrain. However, there is an existing canal, 4.00meters wide traversing the property.

The land uses within the area of the project and the immediate vicinities are residentialand commercial.

Vegetation - since the project site is almost barren, there will be no negative impact on

the vegetation s observed by the consultant. The planned tree planting activity alongdesignated areas of the subdivision /ill improve the vegetation cover. This project has noteliminated any agricultural activity since the site is not suitable for agriculture as attestedby the Department of Agriculture.

Fast growing grass and tree species will be planted along the slopes and designatedgreen areas. These will help in the stabilization of the newly bulldozed areas to minimizeor prevent soil erosion. This will further increase water retention of the soil.

B. Socio-Economic Indicator (Job)

One of the positive economic impacts will be the availability of construction jobs topeople living in the vicinity of development.

The total workforce to be employed by the project proponent is as follows:

Laborers, skilled and unskilled workers:

To be finished by the contractor but not exceeding sixty (60 workforce)

Personnel:

About 20 working people. The existing number of residents in the affected areas bythe proposed site is minimal in as much as the surrounding areas are residential, ricefields and some small commercial establishments.



The land is currently open and vacant and is now in the process of conversion toresidential use, which is very favorable to the municipality of Urdaneta, based on their zoning ordinance.

PROJECT CONSTRUCTION ACTIVITIES

Surveying, site clearing and stripping will be done in the initial stages of thedevelopment work. This will involve extensive earthwork and land filling. A road networkconforming to the subdivision plan will also be built. Cut and fill earthmoving operationsis very minimal as the land is flat in terrain.

The proposed land development is in accordance with the minimum designstandards of BP 220 consisting of concrete roads, centralized water system and

PROJECT AREA AND SPACE ALLOCATIONS

The proposed low-cost subdivision lies on a 15,420 sq. Meters, titled land. Of this grossarea, a sellable ea total of 11,704 sq. m. oks.90% is allocated, while the rest of 24.10% or 3,716 sq. m. distributed to open spaces like cul-de-sac (400 sq. m.), road system (2,988sq. m.), and alleys, open spaces (328 sq. m.).

There will be a total of 170 lots available for sale spread out on seven (7) blocks andmore particularly (scribed as follows:

Block 1-(30) single detached with an average of 115 sq. m. lots.

Block 2-(24) single attached with an average of 92 sq. m. lots.

Block 3-(20) single attached with an average of 90 sq. m. lots.

Block 4-(24) row houses design 1 with an average of 44 sq. m. for inner lots and an

average of 64.5 sq. m. for corner lots.

Block 5-(24) row houses design 1 with an average of 42 sq. m. for inner lots andaverage of 61.5 sq. per lot.

Block 6-(24) row houses design 2 with an average of 40 sq. m. for inner lots and anaverage of 58.50 corner lots.

Block 7-(24) row houses design 2 with an average of 38 sq. m. for inner lots and an

average of 57 sq. per lot. (Please refer to exhibit D)

Ample water supply shall be provided by an overhead water tank with a capacityof 20,000 gallons II have as its source a deep well and a water cistern to insure constantsupply of water to the 170 is.

Electrical power is readily available at 220 volts. The subdivision shall connect tothe local Urdaneta Company and shall have individual electric meters in each unit.

For Solid waste water, each lot shall have its own septic tank located at the frontlawn and its overflow he subdivision underground drainage system.

Garbage disposal shall be done by providing a centralized garbage bin at everyblock for the owners of that Block's use, and shall be collected by garbage trucks



Earth filled area will be subjected to mechanized compaction and naturalsettlement. The natural drainage system within the project site will be tapped during theoperation.

A. Preliminary Studies - scaled sketches is done to divide the lot into different

blocks and assigned lots to be accommodated. This is done simultaneously toseparate the 30% open spaces and roads and the 70% sellable areas. This wasaccomplished in about three (3) weeks.

B. Preliminary Planning - from the result of the preliminary studies, the architectshall prepare the Design Development Documents consisting of plans,elevations, sections, perspectives and other drawings and outline specifications,to fix and illustrate the size and character of the entire project in its essentials asto kind of materials, type of structure, mechanical, electrical and sanitarysystems, structural systems and such other works as may be required. Thisphase is done in about one month's time by a staff of five draftsmen.

C. Contract Document Phase - upon the approval of the owner of the different

designs from the preliminary planning, the architect shall prepare theconstruction drawings and specifications setting forth in detail work required for the architectural, structural, electrical, sanitary, mechanical, service connectedequipment and site work.The specifications describing the type and quality of materials finish and manner of construction and the general conditions under which the project to beconstructed is prepared. These drawings are done in about 45 days.

D. While these technical and architectural drawings are being prepared, theconversion of the agricultural land title to residential tilting is to be done. With allthe requirements needed, these will at least entail a total of 3 to 4 months time.

E. Before the building permit is acquired, an Environmental Compliance Certificateis needed. This is secured from the DENR and after the submission of all therequired paper works and the final issuance of the certificate, the next step is tosecure a development permit, ECC may be prepared and submitted for at leasttwo months.

F. The development permit papers are prepared for submission to HLURB or Housing and Land Use Regulatory Board. They will need a copy of thesubdivision plans earlier submitted and approved by the LRC or the LandRegistration Commission. This is for verification and approval of the field surveyreturns, and is needed to support the application for registration of thesubdivision projected and the issuance of the license to sell.

G. After securing all those licenses, the building permit is now ready to be applied.All the working drawings earlier prepared, signed and sealed by the Architect,structural or civil engineers, electrical engineers, plumbing and sanitaryengineers will be submitted to the building official of Urdaneta. This will beprocessed and may be secured within two to three weeks.

H. The Mother Title, which is now converted to residential use, will be subjected toindividual titling as submitted to the (LRC) Bureau of Lands/National and LandTitles and Deed Registration Administration. This will take up to (6) months for registration.



I. Again the application for Final approval and license to sell is submitted toHLURB. This is important as there may be early buyers of the Lot and houseeven before the development of the subdivision is done. This will take at least amonth.

J. Land Development is done within this period, the leveling of the site, filling,

scraping, layout of road network, survey and laying of monuments, laying of drainage pipes, canals, construction and laying of electrical posts & wires, andfinally the erection of water tank and tower is done. This will take anywhere fromsix months to one year.

K. When the utilities are in place, the model units are now ready for construction:one single detached. one single attached one row-house design I and one row-house design II is to be erected, finished, painted and furnished for future buyersto appreciate.

L. Finally the marketing people are now all set and ready to sell the subdivision, lotand houses to the qualified buyers.

MA

RKET

Target income bracket of this project are earners of lowP5, 500.00 per monthtoP12, 000.00 per moot and are members of Pag-ibig and UHLP (SSS, GSIS, Pag-ibig).(2009-2010 stretch).

A P5, 500.00 per month wage earner can avail of a house and lot packagevalued at P270, 000.00 (monthly amortization = P2.700.00). Generally teachers andgovernment employees receive a monthly pay of P5.500.00 to P9.000.00 per monthinclusive of allowances which Pag-ibig considers.

CHANNEL OF DISTRIBUTION

Marketing and Selling will be done thru:

a.) Direct Sales - Institutional Selling (i.e. teachers associations, government agencies,private companies)b.) Brokers - accreditation of at least three (3) licensed Real Estate Brokers withextensive networking facilities.

PROJECT MAINTENANCE THROUGHOUT LIFE SPAN

The low-cost subdivision will be maintained through routine upkeep and regular maintenance. Repairs and refurbishing if necessary shall be undertaken. Constantwatering of all plants and trees shall be done.

A pool of technicians and workers shall be retained by the management of R.A.Moya Construction Corp. with a small office at the subdivision site to service differentareas of concern, namely electricity, plumbing, telephone, janitorial, landscaping,



carpentry and other hand man¶s job to attend to the damages to properties or malfunctions in facilities including safety and security of the occupants or residents.

SOURCE OF ENVIRONMENTAL IMPACTS

During Construction Stage� The implementation of the project, i.e. the construction of the 170 unit-low-costhousing subdivision will inevitably create some impacts which result in temporaryadverse effects on the immediate surrounding vicinity.

� Air and noise pollution brought about by the operation of heavy equipment andmachineries.

� Dumping and stockpiling of materials and spoils during the site clearing, earthmovement and land filling, excavation and actual erecting of the Houses.

� Water trucks will regularly sprinkle water over the stripped areas to minimize dustemissions during the development works.

After construction stage� In terms of domestic effluent, the proposed 170-unit low cost houses shall have its

own individual septic tank installed outside the houses near the street. The overflowpipe shall be connected to a well-designed drainage system.� As to solid waste disposal, designated garbage BINS shall be located accessible toeach block, where residents can dispose of their garbage which is separated from drytrash and wet trash. These will be collected by garbage trucks regularly.

Social Environmental Impacts� The low-cost residential subdivisions will be built to satisfy the need for housesparticularly of the low-income wage earner-group.� The accessibility to the location situated along the highway by any means of landtransportation is not difficult in as much as the main highway is a major route toDagupan City and to the main market area.� The contributions of the proposed project to the growth of population and communitydevelopment within the area are considered, in its own way, significant as the number of households occupying the 170 units will add to the existing pool of commuters in publicutility vehicles, and clientele for commercial, recreational, health and utility services,consequently, augmenting business and social activities within the vicinities.

ENVIRONMENTAL MANAGEMENT MEASURES

The following measures are adopted to mitigate or minimize adverse impactsgenerated by the proposed project.

During construction stageNoise pollution as a result of whirring sounds and vibrations of construction machines,equipment engines shall be abated through mufflers and sound-proofing devices if possible or the use of shock-absorbing mountings for machineries and engines.



� On matters pertaining to air pollution, regular sprinkling of water on dust-generatingpiles or mounds due to excavation, site clearing, earth moving activities. Moreover,provision of adequate and property ventilated storage or warehouse for keeping stocksof construction materials and equipment shall be prepared.� In addition, as precautionary measure, excavated or dredged spoils and other waste

materials shall be removed promptly from the construction area.� Lastly, warning signs and danger signals will be strategically placed around theperimeter of the construction site. Likewise, safety devices shall be installed to protectworkers as well as passersby from hazards and untoward accidents.

After the Construction Stage and Onward� During the life span of the project, the low-cost Housing project added aestheticlandmark in the area by accentuating a new socio-economic development.� Occupants of the residential Housing Project will be accommodated conveniently,comfortably, safely and securely with the facilities and amenities available.

� The technical features of the residential low-cost housing project in terms of water,electric power and telephone system including provisions for safety and security willattest to its technical feasibility.� The proposed project in general does not in any way aggravate existing environmentaldegradation.



PROJECT FEASIBILITY

°AREA DEVELOPMENT PLAN°WORK AND FINANCIAL PLAN

I. G

EN

ERA

LA

SPECTS:1. Name of the Project: Low Cost Housing project

2. Project Owner:LOIS MARI A. LAPUT and ORDILLANO-CLAVEL CONSTRUCTION

CORPORATION (A Joint Venture)

3. Location:Bo. PinmaludpodUrdaneta, Pangasinan

4.Brief Description of the Project:

The Municipality of Urdaneta is adjacent to the Municipality of Manaoag on theNorth, Municipality of Asingan to the East, Municipality of Villasis to the South andMunicipalities of Sta. Barbara and Malasiqui to the West. It is approximately 20 km. fromthe commercial city of Dagupan.

The subdivision site is only 4 km. from the main junction of the National Highwayleading to Baguio City to the North and to Metro Manila to the South. The junction iswhere the public market is located. All sorts of transportation like buses, mini-buses,jeeps and tricycles are available.

The owner of the land decided to convert the 15,420 sq. m. of agricultural land toresidential use by offering low cost housing in line with the program of our governmentto build more houses for the Filipino people who don't have houses of their own. For thisreason, ORDILLANO-CLAVEL CONSTRUCTION CORPORATION committed insupporting the government's housing program and particularly focusing its attention onthe housing needs of Pag-ibig, SSS and GSIS members, agreed to a joint-ventureagreement with the lot owner, to build low cost housing units.

The company, in its effort to address these needs, is constructing 170 units of four different designs such as a single detached single attached, and row houses. Theunits have two 2 bedrooms, common toilet and bath, a kitchen, dining and living areas.Each design has an area in proportion to the lot itself.

The projected housing project stated herein is very accessible to commercial andinstitutional establishments, such as the public market near the junction to Baguio Cityand Manila. Banks, schools and hospitals are also easily accessible for the convenienceof the end/use/buyers. Furthermore, the area is almost noise and pollution free,



considering its shape being farther and longer from the main road. Landscaped areasseparating the blocks and a small playground at the cul-de-sac area are also provided.

II. PROJECT SCHEME:

An arrangement to allow the participation of individual private contractors/suppliers inundertaking the house:

A. MARKETING PACKAGE DEAL

Pre-Marketing arrangement was designed for the immediate recovery of themoney/s invested as well as to minimize the cost of operating expenses and interests of bank charges and an assurance that it will meet the scheduled collection as stated inthe program as projected herein.

B. DEVELOPMENT AND HOUSE CONSTRUCTION

ORDILLANO-CLAVEL CONSTRUCTION CORPORATION will undertake theconstruction of 170 housing units as well as the overall horizontal development.In order to lessen the cost of the vertical house construction, a domestic letter of creditor LC is to be secured from a commercial bank in favor of reliable suppliers/contractorsmust be arranged.

C. FINANCING SCHEME

With financial assistance from any commercial Banks or Government lendinginstitution of an initial amount of Fifteen million pesos (P15,000,000.00) loan or creditfacility, the amount of Five million pesos (P5.000,000.00) will serve as takeout paymentof the titled mortgage presently to Far East Bank and the amount of Ten million pesos(P10,000,000.00), to be used for the development of the land such as the roads, curbs,subdivision facilities, gutters, drainage system, water and electrical facilities. The rest of the borrowed money shall be used for the purchase of construction materials and thecost of operating expenses, until such time the project is fully completed.

Accepting down payments and equities from qualified lot/unit buyers during theconstruction period will supplement the budget; considering that the needed amount for the first Fifty (50) units is approximately Twelve million pesos (P12,000,000.00), initialcollection of equity is required. The participation of individual suppliers/contractors thatwill deliver the construction of houses on a turn-key basis is very material and anassurance to meet the schedule. In view hereof, the initial batch will be completed asscheduled, and to start initial construction of the remaining other 120 units.

On the 5th month of operation after the initial sales of the 50 units equivalent toan average of Twenty Six Million Three Hundred Twenty Seven Thousand FiveHundred (P26.327, 500.00) Pesos, an income of (P7, 290,670.00) will be realized. Part



of the said income shall be allocated for the construction materials and labor, salariesand wages and operation expenses as well as partial repayment to the loan.

Come the 7th month of operation, the project shall have an estimated income of (P12, 864,970.00) after deducting all the expenses including the cost of the land, while

the house construction is continuously in full operation.

On the 10th month, the project has a volume income of (P 11,713,095.00) thatcan satisfy all costs and obligations of the project and finally an income of (P10,965,145.00) will surely be realized after deducting Government taxes in October 1998.

III. PROJECT SCHEDULEA. TYPE OF HOUSING:

1. Detached Housea. A 2 Bedroom Bungalow with common Toilet and Bath

2. Attached Housea. A 2 Bedroom Bungalow with common Toilet and Bath3. Row House

a. A 2 storey house with 2 Bedroom above the first floor with common Toiletand bath

SUBDIVISION Cost and Selling Profile

Land AreaLand Cost

Total Land CostLand Development CostTotal

COSTDevelopment Land PriceHouse Construction PriceLand Development Price

15,420 sq. m.P500.00 per sq.

m.P 7,710,000.00P13,878,000.00P62,988,000.009000.00 +5000.00

P1,4000.00/sq.m.P6,0000.00/sq.m.P9000.00/sq.m.

SELLINGLot Selling Price

a) Lots only (none) higher cost if anyb) Part of package 2,500/sq.m. HouseSelling Pricea) Single detached 8,500/sq.m.b) Single attached, 8,000/sq.m.c) Rowhouse-inner 7,500/sq.m.d) Rowhouse-corner 7,800/sq.m.

Model ROCHELLA Block 1 (Single Detached)

Lot AreaFloor AreaTotal

115.5 sq.m.48.0 sq.m.

P161,700.00 P288,750.00276,000.00 P408,000.00P437,700.00 P696,750.00

Gross Profit P2590500.00



Model MARNIE Block 2 (Single Detached)


92.0 sq.m.36.0 sq.m.

P128,800.00 P230,000.00P216,000.00 P288,000.00P344,800.00 P518,750.00

Gross Profit PI732000.00Model MARNIE Block 3 (Single Attached)


90.0 sq.m.36.0 sq. m.

P126,000.00 P225,000.00P216,000.00 P288,000.00P342,000.00 P513,000.00

Gross Profit P1710000.00Model MANNIX Block 4 Row-House (inner lot)


44.0 sq. m.46.0 sq. m.

P 61,600.00 P110,000.00P276,000.00 P345,000.00P337,000.00 P455,000.00


Model MANNIX Block 4 Row-House (corner lot)

Lot Area Floor Area Total 64.5 sq. m.46.0 sq. m.

P 90,300.00 P161,250.00P276,000.00 P358,800.00P366.300.00 P520,500.00

Model MANNIX Block 5 Row-House (Inner)

Lot Area Floor Area Total 42.0 sq. m.

46.0 sq. m.

P 58,800.00 P105,000.00

P276.000.00 P345.000.00P334.800.00 P450.000.00


Model MANNIX Block 5 Row-House (corner lot)


P 86,100.00 P153,750.00P276.000.00 P358.800.00P362,100.00 P512,552.00


Model MARLON Block 6 Row-House (inner lot)


P 56,000.00 P100,000.00P216,000.00 P270.000.00P272.000.00 P370.000.00




Model MARLON Block 6 Row-House (corner lot)

Lot Area Floor Area Total 42.0 sq. m. 46.0 P 81,900.00 P146,250.00P216,000.00 P280,800.00P297.900.00 P427.050.00


Model MARLON Block 7 Row-House (inner lot)

Lot Area Floor Area Total 38.0 sq. m.36 sq. m.

P 53,200.00 P95.000.00P216,000.00 P270.000.00P269.200.00 P365.000.00

Gross Profit P95800.00Model MARLON Block 7 Row-House (inner)

Lot Area Floor Area Total 57.0 sq. m.36 sq. m.

P 79,800.00 P142,500.00P201,600.00 P280.000.00P295.80.00 P423.300.00




LOT SIZE DISTRIBUTION

BLOCK# TYPE OF LOT # OF LOTS LOT AREAS TOTAL

1 inner / corner 30 115.0 3,450 sq. m.

2(10.00 x 11.50)inner /corner

24 92.0 2,208 sq. m.

3(8.00 x 11.50)inner /corner

20 90.0 1,800 sq. m.

4(8.00 x 11.25)

inner 20 44.0 880 sq. m.

(4.00 x 11.00)corner

4 64.5 258 sq. m

5(6.00 x 10.75)

inner 20 42.0 840 sq. m.

(4.00 x 10.50)corner

4 61.5 246 sq. m.

6(6.00 x 10.25)

inner 20 40.0 800 sq. m.

(4.00 x 10.00)corner

4 58.5 234 sq. m.

7 (6.00 x 9.75)inner

20 38.0 760 sq. m.

(4.00 x 9.50)corner

4 57.0 228 sq. m.

(6.00 x 9.50)

TOTAL 170 11,704 sq.m.



HOUSE MODEL DISTRIBUTION

Block No.No. of Units

MODEL TYPE LOT AREAFLOORAREA

1 30 Rochella Single-Detached 115.5 48.0 sq. m.

2 24 Marnie Singe-Attached 92.0 36.0 sq. m.

3 20 Marnie Single-Attached 90.0 36.0 sq. m.

4 20 Mannix RowHouse-inner 44.0 46.0 sq. m.

4 Mannix RowHouse-corner 64.5 46.0 sq. m.

5 20 Mannix RowHouse-corner 42.0 46.0 sq. m.

4 Mannix RowHouse-corner 61.5 46.0 sq. m.

6 20 Marlon RowHouse-inner 40.0 36.0 sq. m.

4 Marlon RowHouse-corner 58.5 36.0 sq. m.

7 20 Marlon RowHouse-inner 38.0 36.0 sq. m.

4 Marlon RowHouse-corner 57.0 36.0 sq. m.

Total 170 11,704 sq. m. 6,960 sq. m.



Project Name: Low Cost Housing Project

Land Cost P 500.00 per Square Meter

Total Area 15,420.0 sq. m.

Buildable 100.00% 15,420 sq. m.

Roads & Parks 22.00% 3,392.4 sq. m.

Saleable Area 75.90% 11,704 sq. m.Open Spaces 2.10% 323.6 sq. m.

Land Development cost P 900.00 per Square Meter

Ratio Lot to House & Lot

Lot Only: None 0% No. of Lots

House & Lot 170 100% 170

Lot Size w/ House Area No. of Units

Block 1 115.0 3,450 sq. m. 30

Block 2 92.0 2,208 sq. m. 24

Block 3 90.0 1,800 sq. m. 20Block 4 44.0 880 sq. m. 20

64.5 258 sq. m. 4

Block 5 42.0 840 sq. m. 20

61.5 246 sq. m. 4

Block 6 40.0 800 sq. m. 20

58.5 234 sq. m. 4

Block 7 38.0 760 sq. m. 20

57.0 228 sq. m. 4

TOTAL 100% 11,704 sq. m. 170

Floor Area per Unit No. of Units Total Floor Area

Block 1 48.0 sq. m. 30 1,440 sq. m.

Block 2 & 3 36.0 sq. m 44 1,584 sq. m.

Block 4 & 5 46.0 sq. m. 48 2,208 sq. m.

Block 6 & 7 36 sq. m. 28 1,728 sq. m.

TOTAL 170 6,960 sq. m.

House Construction Cost P6,000.00 per square meter

Total P41,760,000.00



MODEL TYPE FLOOR AREA

Rochella Single-Detached 48.0 sq. m.

Marnie Single-Attached 36.0 sq. m.

Mannix Row-House 46.0 sq. m.

Marlon Row-House 36.0 sq. m.



SUMMARY GROSS PROFIT

Block No. No. of Lots Gross Profit Total Amount

(House and Lot)

1 30 P259.050.00 P7.771,500.00

2 24 173,200.00 4,156,800.003 20 171,000.00 3,420,000.00

4 (inner lot) 20 117,400.00 2,348,000.00

4 (corner lot) 4 153,750.00 616,000.00

5 (inner lot) 4 150,450.00 601,800.005 (corner lot) 20 115,200.00 2,304,000.00

6 (inner lot) 20 98,000.00 1,960,000.00

6 (corner lot) 4 129,150.00 516,600.00

7 (inner lot) 20 95,800.00 1,916,000.00

7 (corner lot) 4 127,500.00 510,000.00

Total Gross Profit P26.120,700.00

Block No. No. of Lots Selling Price Total Cost

(House and Lot)

1 30 P696.750.00 P20,902,500.00

2 24 518,000.00 12,432,000.00

3 20 513,000.00 10,260,000.004 (inner lot) 20 455,000.00 9,100,000.00

4 (corner lot) 4 520,050.00 2,080,200.005 (inner lot) 20 450,000.00 9,000,000.00

5 (corner lot) 4 512,550.00 2,050,200.006 (inner lot) 20 370,000.00 7,400,000.00

6 (corner lot) 4 427,050.00 1,708,200.00

7 (inner lot) 20 365,000.00 7,300,000.007 (corner lot) 4 423,300.00 1,693,200.00

Total Gross Profit P83,926,300.00



HOUSE CONSTRUCTION COST

Block No.No. of

HousesCost of

ConstructionTotal Amount

1 30 P276.000.00 P8.280.000.00

2 24 216,000.00 5,184,000.003 20 216,000.00 4,320,000.004 (inner lot) 20 276,000.00 5,520,000.00

4 (corner lot) 4 276,000.00 1,104,000.00

5 (inner lot) 20 276,000.00 5,520,000.00

5 (corner lot) 4 276,000.00 1,104,000.00

6 (inner lot) 20 216,000.00 4,320,000.006 (corner lot) 4 216,000.00 864,000.00

7 (inner lot) 20 216,000.00 4,320,000.00

7 (corner lot) 4 216,000.00 864,000.00

Total P41,400,000.00

LAND DEVELOPMENT COST

Block No. No. of Cost of Total Amount

Lots Land

1 30 P161,700.00 4,851,000.00

2 24 128,800.00 3,091200.00

3 20 126,000.00 2,520,000.004 (inner lot) 20 61,600.00 1,232,000.00

4 (corner lot) 4 90,300.00 361,200.005 (inner lot) 20 58,800.00 1,176,000.00

5 (corner lot) 4 86,100.00 344,400.00



Saleable Developed LandCost

1,400.00/sq.M. P 16,406,600.00

Gross Undeveloped Land Cost 900.00/Sq.M. 13, 878,000.00



IV. FINANCIAL ASPECT

A. COSTESTIMATESLand acquisition atP500.00/sq. m.15,420 @ P500.00/sq. m. - P7.710,000.00

Note: as a joint venture, the cost of the land is However, the lot is mortgagedto a bank

the equity of the land-owner and the total take-out is P5,000,000.00including interest

B. HOUSING CONSTRUCTION

Total cost of the 170 units P41,400,000.00

V. HOUSE AND LOT PACKAGE

BLOCK LOT TOTAL PRICE PRICEPER

SELLING PRICE

No. Size # of lots per LOT HousingUnit

House & Lot

Package

1 115.5 30 P288,750.00P408,000.00

P696.750.00

2 92.0 24 230,000.00288,000.00

518,000.00

3 90.0 20 225,000.00288,000.00

513,000.00

4 44.0 20 110,000.00345,000.00

455,000.00

64.5 4 161,250.00358,800.00

520,000.00

5 42.0 20 105,000.00345,000.00

450,000.00

61.5 4 153,750.00358,800.00

512,550.00



SALESFIRST FIVE MONTHS

AMOUNT 25% EQUITY75% LENDINGINSTITUTION

10 of Block 110 of Block 2

10 of Block 310 of Block 410 of Block 5

696,750.00518,000.00

513,000.00455,000.00450,000.00

6,967,500.005,180,000.00

5,130,000.004,550,000.004,500,000.00

1,741,875.00

1,295,000.001,282,500.00

5,225,625.003,885,000.00

3,847,500.003,412,500.003,375,000.00

TOTALS 26,327,500.0

6,581,875.00 19,745,625.00

SEVENTH MONTH AMOUNT 25% EQUITY 75% LENDING INSTITUTION

10 of Block 110 of Block 210 of Block 310 of Block 4

10 of Block 5

696,750.00518,000.00513,000.00455,000.00

450,000.00

6,967,500.005,180,000.005,130,000.004,550,000.00

4,500,000.00

1,741,875.001,295,000.001,282,500.001,137,500.00

1,125,000.00

5,225,625.003,885,000.003,847,500.003,412,500.00

3,375,000.00TOTALS 26,327,500.00 6,581,875.00 19,745,625.00

TENTH MONTH AMOUNT 25% EQUITY 75% LENDINGINSTITUTION

10 of Block 110 of Block 210 of Block 410 of Block 510 of Block 6

10 of Block 7

696,750.00518,000.00520,050.00 450,000.00370,000.00

423,300.00

6,967,500.002,072,000.002,080,200.001,800,000.003,700,000.00

4,233,000.00

1,741,875.00518,000.00520,050.00450,000.00925,000.00

1,058,250.00

5,225,625.001,554,000.001,560,150.001,350,000.002,775,000.00

3,174,750.00TOTALS 20,852,700.00 5,213,175.00 15,639, 525.00

TWELFTH MONTH AMOUNT 25%EQUITY

75%LENDINGINSTITUTION

10 of Block 6 370,000.00 3,700,000.00 925,000.00 5,225,625.00

4 of Block 6 427,050.00 1,708,200.00 427,050.00 3,885,000.0010 of Block 7 365,000.00 3,650,000.00 912,500.00 3,847,500.00

4 of Block 7 423,300.00 1,693,200.00 423,300.00 3,412,500.00TOTALS 10,751,400.00 2,687,850.00 8,063,550.00

GRAND TOTAL 84,259,100.00 21,064,775.00 63,194,325.00



B. CONSTRUCTION SCHEDULE

MONTH MATERIALS LABOR TOTAL Approximate

No. of Units

March

AprilMay 2,940,000.00 1,260,000.00 4,200,000.00 17 Units

June 2,940,000.00 1,260,000.00 4,200,000.00 17 Units

July 2,940,000.00 1,260,000.00 4,200,000.00 17 UnitsAugust 4,410,000.00 1,890,000.00 6,300,000.00 25 Units

September 4,410,000.00 1,890,000.00 6,300,000.00 25 Units

October 3,553,200.00 1,522,800.00 5,076,600.00 21 Units

November 3,553,200.00 1,522,800.00 5,076,600.00 21 Units

December 2,116,800.00 907,200.00 3,024,000.00 14 UnitsJanuary 2,116,800.00 907,200.00 3,024,000.00 13 Units

February - - - -28,980,000.00

12,420,000.00 41,400,000.00 170 Units



VI. TARGETED SALES SCHEDULE

MARCH TO DECEMBER, 1997 AND JANUARY TO FEBRUARY 1998

Originating

Fee

NO. OF

UNITS SOLD

EQUITY/

Downpayment

Lending Government

Private InstitutionTake out proceeds

MONTH

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER

JANUARYFEBRUARY

50

15

35 UNITS

42 UNITS

28 UNITS

6,581,875.00

2,000,000.00

4,581,875.00

5,213,175.00

2,687,850.00

1,382,193.75

1,382,193.75

1,094,766.75

564,448.50

19,745,625.00

19,745,625.00

15,639,525.00

8,063,550.00

TOTAL 170 UNITS 21,064,775.00 63,194,325.00 4,423,602.75

170 UNITS

Originating Fee

F 84, 259,100.00 = 7% of

lending institution

or approximately 20% of down payment

= 63,194,325x0.7 = 4,423,602.75

Broker's and Commission Fees = 5% of 84,259,100 = P4.212,955.00

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