Subic Bay Project
Look and Feel
2 level house, concrete construction, aluminum glass windows
What is this Project?
Construction of 300 medium cost
apartment units within the Metro Manila Area in the Philippines. Comprising of 3
bedrooms, lounge/dining, and floor area of 66 sq. meters. House and Lot package
price range of US$40,000 per unit. Project duration is 16 months to include
full-repatriation of profits in USD to Australia. An accredited local contractor
will build the units.
Background on Philippine Housing
The housing backlog in the
Philippines is 3.6 million units of which half is for Metro Manila area. To
encourage investment in the housing industry, the Philippine government provides
What is the Role of Alamco?
Alamco’s main role is to
facilitate Australian company to be viable in Philippine investment environment.
How will I Invest?
Investment is via a joint venture
with the landowner. The land is fully developed ready for housing. The landowner
will contribute the land and the foreign joint venture will contribute the house
units. Net proceeds from sales will be shared in proportion.
If I am interested, what next?
The process involves:
How does this Housing Project Rate?
The attached cash flow projection
is the result of Alamco’s due
diligence on this project. The Australian party will raise pre-operating expense
of and housing cost. The production cycle to collection is 4 months. To do 300
units in 12 month, production schedule is:
What do I get for my money?
Please see attached Unit Profit
Analysis and Projected Cash Flow
Who do I Contact at Alamco?
Mobile: 0408-670-911, Fax: (618)
24 November 2000