Property24, the leading online property portal in the Philippines, along with real estate firm My Saving Grace Realty and Development Corp., gave property investors a reason to celebrate on May 28, 2016 after a successful auction of exclusive properties from Philippine Asset Growth One Inc. and Philippine Asset Growth Two Inc.
With over 100 prime properties in the NCR sold, the May 28 auction was proof of the industry’s continuing robust growth and the astuteness of buyers who were able to save an average of 45 percent of the property cost.
“We were very pleased and quite overwhelmed by the response of investors to the May 28 auction. Our collaboration with Property24 paid off and, thus, the market can be assured that we will reinforce this successful business relationship further for the benefit of the market and buyers and to contribute to nation-building,” MSGRDC head honcho and award-winning broker Ramil Alquileta said.
Property24 said that due to the exuberant clamor and demand for more auctions and in appreciation for the enthusiastic response, the second in a series of auctions would be held on July 16, 2016 starting at 8 a.m. at Max’s Restaurant along Jupiter St. in Makati City. Over 800 prime properties in NCR are still up for grabs.
The auction will also include the recently acquired Dee Hwa Liong Hospital in Mabalacat, Pampanga. This property is an eight-story hospital building that spans two parcels of land with an aggregate area of 12,724 square meters. Minimum bid price is pegged at P300 million pesos.
Also on the block are properties in the upscale Las Hacienda de Luisita in Tarlac City. Spanning 121 hectares of five interconnected subdivisions boasting of first-rate residential properties, buyers can take advantage of the lower cost—as much as 15 percent less than the current market value.
MSGRDC said it is looking forward and determined to continue working closely with Property24 to provide a wide selection of properties from bank-foreclosed assets to value-for-money homes.
With a substantial number of MSGRDC properties listed on the Property24 website, buyers are assured of the best possible, cost-efficient choices in their preferred locations.
Details of the properties to be auctioned off and the foreclosed properties can be accessed via www.property24.com.ph.