Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Morceau del Ciel, Tagaytay

421 views

Published on

Tagaytay is not only the new summer capital of the
country; it has become, of late, the leisure capital of the
country. The sales of high-end homes and second homes in the area have grown rapidly in the past few years and with a housing backlog of more than 4 million, and with most buyers being end users, the market shows no signs of slowing down in spite of the current global economic crisis. Not only that, commercial development, particularly in hotels, restaurants, and other recreational facilities continue to boom without let up.
The property is ideal for a high-end luxury residential project
similar to Tagaytay Highlands.
• In addition, a tourism-related development such as hotel-casinos combined with time-share condominiums and retirement villages for various nationalities Eco-tourism medical tourism (geriatric clinics), and / or a leisure resort can also be done.
• One interesting concept being discussed is for a university town where a portion of the property will be donated to a premier university or learning institution. This will give the area a population base that will make the surrounding areas attractive for future residential and commercial development.

Published in: Real Estate
  • Be the first to comment

  • Be the first to like this

Morceau del Ciel, Tagaytay

  1. 1. Morceau del Ciel D.A. SILVESTRE & ASSOCIATES ARCHITECTURE/PLANNING
  2. 2. SITE A Morceau Del Ciel SITE B
  3. 3. MASTER DEVELOPMENT PLAN (SITE A) Morceau Del Ciel
  4. 4. DEVELOPMENT NODES Morceau del CielMorceau Del Ciel
  5. 5. ROAD NETWORK MAJOR ROADS MINOR ROADS Morceau Del Ciel
  6. 6. ZONING PLAN RESIDENTIAL AREA PARKS AND GREENS COMMUNITY FACILITIES COMMERCIAL Morceau Del Ciel
  7. 7. IMAGE MAP Morceau Del Ciel
  8. 8. SLOPE MAP Morceau Del Ciel
  9. 9. ROAD NETWORK Morceau Del Ciel
  10. 10. Confidential Executive Summary D.A. SILVESTRE & ASSOCIATES ARCHITECTURE/PLANNING
  11. 11. Description of the Property  Composed of more than a dozen individual properties with an  aggregate area of around 340 hectares, expandable by another 100-200 hectares  located in Tagaytay, Cavite and Talisay, Batangas LOCATION - The property also has 3 primary Morceau Del Ciel  Composed of more than a dozen individual properties with an  aggregate area of around 340 hectares, expandable by another 100-200 hectares  located in Tagaytay, Cavite and Talisay, Batangas LOCATION - The property also has 3 primary
  12. 12. Description of the Property Tagaytay is not only the new summer capital of the country; it has become, of late, the leisure capital of the country. The sales of high-end homes and second homes in the area have grown rapidly in the past few years and with a housing backlog of more than 4 million, and with most buyers being end users, the market shows no signs of slowing down in spite of the current global economic crisis. Not only that, commercial development, particularly in hotels, restaurants, and other recreational facilities continue to boom without let up. Morceau Del Ciel Tagaytay is not only the new summer capital of the country; it has become, of late, the leisure capital of the country. The sales of high-end homes and second homes in the area have grown rapidly in the past few years and with a housing backlog of more than 4 million, and with most buyers being end users, the market shows no signs of slowing down in spite of the current global economic crisis. Not only that, commercial development, particularly in hotels, restaurants, and other recreational facilities continue to boom without let up.
  13. 13. Description of the Property • The property is ideal for a high-end luxury residential project similar to Tagaytay Highlands. • In addition, a tourism-related development such as hotel-casinos combined with time-share condominiums and retirement villages for various nationalities Eco-tourism medical tourism (geriatric clinics), and/or a leisure resort can also be done. • One interesting concept being discussed is for a university town where a portion of the property will be donated to a premier university or learning institution. This will give the area a population base that will make the surrounding areas attractive for future residential and commercial development. Morceau Del Ciel • The property is ideal for a high-end luxury residential project similar to Tagaytay Highlands. • In addition, a tourism-related development such as hotel-casinos combined with time-share condominiums and retirement villages for various nationalities Eco-tourism medical tourism (geriatric clinics), and/or a leisure resort can also be done. • One interesting concept being discussed is for a university town where a portion of the property will be donated to a premier university or learning institution. This will give the area a population base that will make the surrounding areas attractive for future residential and commercial development.
  14. 14. Description of the Property Recent developments have made the Tagaytay area very attractive for business investors and property developers. – The Tourism Law was recently passed which allows for the establishment of tourism ecozones that will enjoy tax incentives – Tagaytay will benefit immensely from this new law. – There is a strong push now in Congress to allow 100% foreign ownership of land. Should this Constitutional amendment come to pass land prices will easily double or triple in value particularly those properties with potential for development. Morceau Del Ciel Recent developments have made the Tagaytay area very attractive for business investors and property developers. – The Tourism Law was recently passed which allows for the establishment of tourism ecozones that will enjoy tax incentives – Tagaytay will benefit immensely from this new law. – There is a strong push now in Congress to allow 100% foreign ownership of land. Should this Constitutional amendment come to pass land prices will easily double or triple in value particularly those properties with potential for development.
  15. 15. Status of the Property Most of the property is covered by Land Management Bureau Approved Survey Plans and are ready for titling once the funds to cover the titling costs are raised. Titling costs are primarily composed of unpaid real estate taxes and unpaid estate/inheritance taxes, which will have to be paid when applying for the title. Under the titling process, whether judicial or administrative, three documents are required for a property to be titled. These are: – A Land Management Bureau (LMB) Approved Survey Plan – A tax declaration – A LMB Approved Technical Description (part of the Approved Survey Plan) Morceau Del Ciel Most of the property is covered by Land Management Bureau Approved Survey Plans and are ready for titling once the funds to cover the titling costs are raised. Titling costs are primarily composed of unpaid real estate taxes and unpaid estate/inheritance taxes, which will have to be paid when applying for the title. Under the titling process, whether judicial or administrative, three documents are required for a property to be titled. These are: – A Land Management Bureau (LMB) Approved Survey Plan – A tax declaration – A LMB Approved Technical Description (part of the Approved Survey Plan)
  16. 16. Status of the Property  Under the Torrens titling system a title can be voided if it can be proven that the title is not based on an LMB Approved Survey Plan - the submission of the LMB Approved Survey Plan was deemed as a statutory requirement of mandatory character and cannot be waived either expressly or impliedly. In short, no LMB- Approved Survey Plan then no title.  The LMB Approved Survey Plan is a unique document because there can only be one such plan for each property and these plans are all in the records of the LMB. In effect, an LMB Approved Survey Plans is VIRTUAL OWNERSHIP for a property without a taitle. For the Tagaytay property, the untitled portions are all covered by LMB Approved Survey Plans with the Approved Technical Descriptions and are ready for titling. Morceau Del Ciel  Under the Torrens titling system a title can be voided if it can be proven that the title is not based on an LMB Approved Survey Plan - the submission of the LMB Approved Survey Plan was deemed as a statutory requirement of mandatory character and cannot be waived either expressly or impliedly. In short, no LMB- Approved Survey Plan then no title.  The LMB Approved Survey Plan is a unique document because there can only be one such plan for each property and these plans are all in the records of the LMB. In effect, an LMB Approved Survey Plans is VIRTUAL OWNERSHIP for a property without a taitle. For the Tagaytay property, the untitled portions are all covered by LMB Approved Survey Plans with the Approved Technical Descriptions and are ready for titling.
  17. 17. Status of the Property • The entire titling process should take an estimated 4 to 6 months to complete and for the title to come out. • Timing for titling the property is very opportune since the LRA and the Bureau of Lands have now switched to a computerized system, ensuring that any new titles that come out are true, accurate, and the only existing title on record. The final area will be determined later on after the property is titled less any disputed areas. The property is sufficiently large that it can absorb a 10 to 20 percent reduction in the land area. Morceau Del Ciel • The entire titling process should take an estimated 4 to 6 months to complete and for the title to come out. • Timing for titling the property is very opportune since the LRA and the Bureau of Lands have now switched to a computerized system, ensuring that any new titles that come out are true, accurate, and the only existing title on record. The final area will be determined later on after the property is titled less any disputed areas. The property is sufficiently large that it can absorb a 10 to 20 percent reduction in the land area.
  18. 18. Opportunity • Most of Tagaytay is already being developed, mostly as high-end residential developments.  Land in Tagaytay is very scarce that most developers are already in Cavite and Batangas  Twin Lakes of Megaworld which is mostly Batangas, rather than Tagaytay,  Sandari in Batulao which sells lots for now, but is planning to sell high-end house and lot packages in the near future.  Finally, Century Properties also has a joint venture for a 142-hectare high-end retirement community in the Batulao area which will be tied up with an international brand.  There are no more big properties in Tagaytay except for this property. Morceau Del Ciel • Most of Tagaytay is already being developed, mostly as high-end residential developments.  Land in Tagaytay is very scarce that most developers are already in Cavite and Batangas  Twin Lakes of Megaworld which is mostly Batangas, rather than Tagaytay,  Sandari in Batulao which sells lots for now, but is planning to sell high-end house and lot packages in the near future.  Finally, Century Properties also has a joint venture for a 142-hectare high-end retirement community in the Batulao area which will be tied up with an international brand.  There are no more big properties in Tagaytay except for this property.
  19. 19. Name of Property Description Price per square meter Opportunity The property represents a huge financial opportunity since the property can be acquired for a fraction of the current selling price of developed lots which ranges between P15,000 (US $366) to P20,000 (US $488) per square meter, on an untitled basis. Current prices of developed properties are as follows: Morceau Del Ciel Name of Property Description Price per square meter Tagaytay Highlands and Tagaytay Midlands Residential lots (preselling) P15,000 (US$366) Developed areas P20,000 (US$488) Tagaytay Crosswinds Condominiums P100,000 (US$2,439) Other properties along the national road Priced much higher
  20. 20. Other Matters We are open to any of the following arrangements:  Sale on an as is where is basis (untitled, but at a very low price)  Investor to finance titling, consolidation and other costs for a consideration  Joint Venture arrangements  Investor willing to advance funds in exchange for an ownership share of the property to be titled under a formula to be agreed upon  Investor to become part owner/partner of the landowner  Open to exchange deals against publicly listed shares or other acceptable properties  Any other arrangements mutually acceptable The property and all documents are subject to appropriate due diligence. *Attached are the estimates for development costs and projected revenues Morceau Del Ciel We are open to any of the following arrangements:  Sale on an as is where is basis (untitled, but at a very low price)  Investor to finance titling, consolidation and other costs for a consideration  Joint Venture arrangements  Investor willing to advance funds in exchange for an ownership share of the property to be titled under a formula to be agreed upon  Investor to become part owner/partner of the landowner  Open to exchange deals against publicly listed shares or other acceptable properties  Any other arrangements mutually acceptable The property and all documents are subject to appropriate due diligence. *Attached are the estimates for development costs and projected revenues
  21. 21. Financial Estimates Dated 26 June 2012 Revenue In Philippine Peso In US Dollars Sale of condominium units PHP 6,488,040,000 $150,884,651 Sale of residential lots only PHP 17,100,360,000 $397,682,791 Sale of house and lots PHP 72,200,000,000 $1,679,069,767 Lease income of commercial spaces PHP 1,171,980,237 $27,255,354 Total Revenue PHP 96,960,380,237 $2,254,892,564 Expenses VAT PHP 7,320,100,525 $170,234,896 Creditable withholding tax PHP 1,473,903,012 $34,276,814 Construction and development cost PHP 28,639,442,000 $666,033,535 Depreciation and Amortization PHP 14,319,721,000 $333,016,767 Marketing Costs PHP 11,635,245,628 $270,587,108 Administrative costs PHP 1,848,019,012 $42,977,186 Total Expenses PHP 32,236,431,178 $749,684,446 NET PROFIT BEFORE TAX PHP 28,723,949,060 $667,998,815 Financial Estimates As of 26 June 2012 Income Statement Morceau Del Ciel ASSUMPTIONS: 1. Lease income is based on the first 10 years of operations and assumes leases start on Year 4 with a 5% annual increase and 85% occupancy. 2. Selling price of condominiums is estimated at P130,000 ($3,170) per square meter. 3. Lots are sold at P15,000 ($266) per square meter. Estimated 7,600 lots for sale 4. House and lot packages are sold at P9.5 million each($231,707) for a 120 sqm house on a 150 sqm lot. Estimated number of units at 7,600 5. Construction and development costs is inclusive of cost of titling Revenue In Philippine Peso In US Dollars Sale of condominium units PHP 6,488,040,000 $150,884,651 Sale of residential lots only PHP 17,100,360,000 $397,682,791 Sale of house and lots PHP 72,200,000,000 $1,679,069,767 Lease income of commercial spaces PHP 1,171,980,237 $27,255,354 Total Revenue PHP 96,960,380,237 $2,254,892,564 Expenses VAT PHP 7,320,100,525 $170,234,896 Creditable withholding tax PHP 1,473,903,012 $34,276,814 Construction and development cost PHP 28,639,442,000 $666,033,535 Depreciation and Amortization PHP 14,319,721,000 $333,016,767 Marketing Costs PHP 11,635,245,628 $270,587,108 Administrative costs PHP 1,848,019,012 $42,977,186 Total Expenses PHP 32,236,431,178 $749,684,446 NET PROFIT BEFORE TAX PHP 28,723,949,060 $667,998,815 Financial Estimates As of 26 June 2012 Income Statement Note: Exchange rate used: 1 US $ = Php43
  22. 22. YIELD Project: SALAS - Tagaytay Subject: Yield (Site A) Scheme 1 Date: 16-Apr-12 (in sqm.) Percentage (%) Gross Area: 3,599,151.00 Roads 549,219.00 15.26% Parks and greens 566,317.00 15.74% Comm facilities/village center 149,134.00 4.14% Saleable are 2,334,374.00 64.86% commercial 28,224.00 0.78% condo 26,104.00 0.73% lots 2,280,046.00 63.35% Efficiency 64.86% 100% Morceau Del Ciel Project: SALAS - Tagaytay Subject: Yield (Site A) Scheme 1 Date: 16-Apr-12 (in sqm.) Percentage (%) Gross Area: 3,599,151.00 Roads 549,219.00 15.26% Parks and greens 566,317.00 15.74% Comm facilities/village center 149,134.00 4.14% Saleable are 2,334,374.00 64.86% commercial 28,224.00 0.78% condo 26,104.00 0.73% lots 2,280,046.00 63.35% Efficiency 64.86% 100%
  23. 23. Costing for Morceau Del Ciel Tagaytay / As of 20 June 2012 Sports Club Morceau Del Ciel D.A. SILVESTRE & ASSOCIATES ARCHITECTURE/PLANNING By::
  24. 24. Costing for Morceau Del Ciel Tagaytay / As of 20 June 2012 Condo Buildings Morceau Del Ciel D.A. SILVESTRE & ASSOCIATES ARCHITECTURE/PLANNING By::
  25. 25. Costing for Morceau Del Ciel Tagaytay / As of 20 June 2012 Common Facilities D.A. SILVESTRE & ASSOCIATES ARCHITECTURE/PLANNING Morceau Del Ciel By::

×