Report on trip to Canlaon City and rest of Negros Oriental

This is the summary  of possible business opportunity in Canlaon City and Negros Oriental.

Our trip took us from airport in Bacolod, then passing through mountain passes to be in Canlaon City.  We arrived at Bacolod Airport at 5:30 (left Naia 2 at 4:30)

and Canlaon City at 8:00 am.   After breakfast, we went around.

1.  Canlaon City

Canlaon City is a 4th class municipality with total population of 57,000.  Most of the land in the city proper used for market,church, and munisipyo was donated by the Bautista family (side of mother of Dr. Joaquino  It is some 90 km from Bacolod and 160 km from Dumaguete

The weather is cool and the city was to be the summer capital of Visayas for the right reason   It is 2,800 ft above sea level.  . It is also the vegetable  basket of Visayas where cabbage sells for P10.00 per kilo.  If you want to invest in food security. (some city planners and DOT can position Canlaon is the summer destination of Negros.  

     Properties presented:

    1.  5 hectare of Dr. James which abuts and besides the municipal cemetery is full.  He said he bought this because the munisipyo planned to buy this from him to expand the cemetery.   This is flat and rolling.  This office plans to devote 1 hectare for masa building apartments for rent sale to poor people, say P6t for every five years. The rest of the property will be below the ground at P20,000 per plot double interment     //

    The net to us at 50% NLP is P53,000,000 and we would lose if dev cost is at P1,000 per sm.   We limit this to P700/sm.

    First priority

   2.  4 hectare of Bernard Bautista (tito of Dr. James)  with 73 meters width and 500 meters length (just like Holy Gardens Angono, a long strip of land) passing beside the Caltex Gasoline station.  At 2t selling price (which is rather stiff at the place) 

      At P2000/sm

     28,000   x 2,000                                56,000,000              84,000,000

                   Less Me:                               5,600,000               8,400,000

                   Net SP                                  50,400,000            75,600,000

                  say 70  30

                              30%                              15,120,000        22,680,000

                              70%                              35, 280.000       52,920,000

                             Our net dev cost          25,000,000         25,000,000 

                             Gp                                10,280,000         27,920,000

                     Not worth it?

                     Worth it if we can sell at P3,000

3,   5,000 property besides the St. Joseph church

      We can have this at the sidelines but can be an ossuary and chapel in the future.   Business model yet unknown.

4.   The Torralba active property

      20 hectares in all owned by Bernard but abandoned by Torralba

      He can set aside 17 hectares.    We can position this as a the homes in the summer capital of the Philippines.  Swiss vilage

       170,000 x 70%   119,000,0000 x 3t =   357,000,000

                       less com                                 35,700,000

         Net sales                                             321,300,000

                       Dev cost                                170,000,000

                       GP                                         151,300,000

         Looks like a great project

        But risks are high

Other towns that are possible sites:

2.  Vallehermosa   they have a site near the cemetery 4 hectare, about 2 hectare nakalutang, 2 hectare fish pond.  Good for cemetery.   The project of Eduarte will work here.  Vallehermosa is a 3rd class municipality and overtaken by Canlaon city.

3.  San Carlos City.  

Canlaon over looks San Carlos City.  Population is at  123,000 which makes it ideal for memorial park project.  We will look into this later on

4.  Bais  //

      The Vicente family owns 3,000 hectares here.  There is a site that can be cemetery, di tambakin. near the municipal cemetery possibly for JV.  The family may ignore if this is for just 3 to 5 hectares.  Bais is a 2nd class city with population of 76,000 and famous for the sand bar, whale and dolphin watching.  Known as the cleanest city in Negros

5.  Guihulngan

     The largest town of Negros Oriental.  We did not visit.   The population is     and it is 130 km north of Dumaguete  It has population of 95,900.   It is thus ripe to be a site for a memorial park

6.   Sibulan   ///

    It is is 3 to 5 km North of Dumaguete, site of the port and airport.  There are still cheap  land available for JV.    It has population of 59,000, ripe on its own for MP project.    It is virtually the city proper and can just be like Oton   Totek has cousin there, and Bernard recommends that we have one there.

   Some strategy:

    1.  All jv

    2.  Zero or no dp

    3.  We find co developers.co Ben.   engage Dante Dira

    4.  For mp, zero no dp, five years to pay, generous com for agents

--

Jorge U. Saguinsin

To "be the best, do your best, expect the best" always

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