Yesterday, we had almost 5 hours meeting: 2 hours in the morning and 2.5 hours in the afternoon. I also saved a trip to Mindoro to talk to Percy Martinez to talk about back filling and completion of major roads in Holy Gardens Calapan.
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AM
1. With ABKT and AB3
1. We signed the 37 million assignment of plots at Holy Gardens Greenhills, in exchange for the 37 million worth of shares. completing the 2nd of the 3 phases of the assets exchange (the third phase will be the 17 million subscription to free the company from CGT
We also signed the supplemental MoA
The next phase will be for the P17 million for the subscription receivable. This will be a no cash out transaction. AUG will borrow from Amber Properties, P17 million, then AUG will use this to buy P17 million worth of plots AUG, AUG will use the amount to buy the subscription receivable from AB3 et all.
The final submission delivery of the Deed of Assignment of Shares shall be completed upon the completion of the P17 million purchase of the subscription receivable.
The others will be involving the cash, ICR, and Trust Fund
The name of the company will be changed to Holy (alternative Ang Uno) Gardens Life Plans and new office shall be at 3f Juana Merced Building, Angono Rizal.
We will be engaging the services of Atty. ABKT at P10,000 a month for Destiny who will initially handle the project for IPO: Holy Gardens Life Plans, Chapel and Crematory.
2. With Percy Martinez for Calapan:
1. We will engage him to complete the backfilling banlik for 1/2 of the HGCalapan
2 Phase 2 the construction of the major roads at the 1/2 of the park.
3. With Ben Alcantara.
1. The Holy Gardens Memorial park
Area: 11 hectares
Number of Plots 28,000
Estimated Market value 1,120,000,000 at 40,000 per plot
Target Market population 300,000
Although there is an offer of a co developer, we will only do a bidding for the contractor, straight contract.
Estimated price is P60,000,000.
2. St John Marbel South Cotabato
Area 3, hectares (expandable to 10 ha.
Number of plots 8400
Estimated market value 252,000,000
If 10 hectares,
Number of plots 28,000
Estimated value P840,000,000 @ 30,000 per plot
Target population 170,000
for co developer (the amount to be shared subject to negotiation
3. St. John Malasiqui
Area 10 hectare
Number of plots 28,000
Estimated value P840,000@ 30,000 plot
Target population 123,000 (same number of population as Urdaneta less populous than San Carlos City
4. Manresa Subdivision at Pantok, Binangonan Rizal;
Area 2.7 hectares
Number of units 450 economic
development puwedeng co sharing;
100 units for build and sell by developer; 10% commission on the housing unit.
Estimated revenue for the lots. 17,550 x P4,000 sm = 70,220,000
Less com 10% 7,022,000
Net sales 63, 198,000
Cost of land 27,000,000 x800 21,600,000
Less dev cost 27,000 x 700 18,900,000
GP 22,698,000
say 10% on the housing 23,000,000
45,698,000
As co developer, we can go on:
They buy the land and develop: 70:30% of the gross
We talked about wealth creation today which is amazing:
Holy Gardens Calamba P1, 120,000,000
St John (at 3 hectares) Marbel 252,000,000
St John Malasiqui 840,000,000
Manresa 736,000,000
Total 2,948,000,000
This is not small time but comprise the total size of assets of company, all discussed in one day. That is the amount of wealth that we could possibly create with some imagination and hard work.
Jorge U. Saguinsin
The Holy Gardens Group - "THE MEMORIAL EXPERTS"
Holy Gardens Plus - about sales of services as addition to the plots bought
Destiny Financial Plans Inc - about duly licensed memorial plan for sales
Griefshare - free obit posting
Holy Gardens Best - best pictures
Landscaping ideas - gorgeous landscaping ideas
CONFIDENTIALITY NOTICE/disclaimer: The information contained herein is strictly confidential in nature and is the property of Holy Gardens Group and intended only for the intended recipient and its reuse,reprinting or taking action other than the intended party is strictly prohibited. Holy Gardens assume no responsibility liability arising from such unauthorized use.
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