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Batangas Real Estate Property Features
Directly adjacent to the very large SM Shopping Mall in Batangas, Philippines
Vacant undeveloped commercial land.
Lot Size: 29,991 Square Meters = 322,820 Square Feet = 7.4 acres
Latitude, Longtitude Location: 13 45.350N, 121 03.994E
Ideal for commercial or residential development
According to Batangas City Official Website, in 2003, First Class (town proper) commercial real estate was selling from PHP 40,000 to PHP 60,000.
We are seeking bids over PHP 15,000 (Philippine Peso) per Square Meter or $300 USD per Square Meter.
For more information contact Aga Cena
Phone: +1 (415) 992-7677
Email: 
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Batangas, Philippines vacant commercial land For Sale
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Satelite Photos Batangas Property
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Satelite Photos Batangas Property
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SM Shopping Mall directly adjacent to the Batangas Property for sale.
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Philippines Real Estate Market Outlook
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CB Richard Ellis Analyst Reports: The expansion of the call centre/business process outsourcing(BPO) sector and the double-digit growth in Overseas Filipino Workers(OFW) remittance are expected to continue to benefit the country. Many developers have earmarked significant funds over the next three years for projects catering to these markets.
Robinsons Land Corporation recently concluded the listing of its secondary offering of 361.14 common shares, with the proceeds (PHP 4.33 billion) intended for the development of commercial centres, call centre/BPO facilities, residential projects and landbanking activities.
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CB Richard Ellis Asia real estate market reports for Q3 2006.
Summary of Estimated Initial yields.
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CB Richard Ellis Philippines real estate market reports for Q3 2006.
Philippines prime retail rental index.
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CB Richard Ellis Philippines real estate market reports for Q3 2006. Low vacancy rates as well as the lack of new supply in Makati CBD are forcing call centers and BPO tenants to expand to new space offerings outside the Makati CBD.
Philippines prime retail new supply, demand and vacancy.
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Cost of Doing Business
Batangas City as of November 2003
Ref: Batangas City Official Website
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| I. MANPOWER |
FROM / MINIMUM |
TO / MAXIMUM |
| Salaries & Wages of Office Personnel |
| Accountant |
132,816/annum |
279,852/annum |
| Secretary |
97,668/annum |
273,012/annum |
| Office Clerk |
72,468/annum |
104,508/annum |
| Messenger |
200/day |
240/day |
| Janitor |
60,984/annum |
74,268/annum |
| Driver |
72,468/annum |
80,208/annum |
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Minimum Daily Wage (from DOLE) per wage order IV-08 |
| Non-Agricultural |
P 210.00 |
P 220.00 |
| Agricultural |
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| * Plantation |
185.00 |
195.00 |
| *Non-plantation |
165.00 |
175.00 |
| Cottage and Micro Enterprises |
173.00 |
183.00 |
Retail and Service Establishments Employing
Not More Than 10 Workers |
111.00 |
117.00 |
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| II. REAL STATE |
| SELLING RATE, PER SQ.M. |
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| Commercial |
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| * First Class (town proper) |
P 40,000.00 |
P 60,000.00 |
| * Second Class (within 1km radius) |
P 10,000.00 |
P 20,000.00 |
| Residential |
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| * First Class (within 1km radius) |
P 4,000.00 |
P 5,000.00 |
| * Second Class (interior) |
P 2,000.00 |
P 3,500.00 |
| Industrial |
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| * First Class (within 2-3 km radius) |
P 3000.00 |
P 4,500.00 |
| * Second Class (within 4-5 km radius) |
P 350.00 |
P 700.00 |
| Agricultural |
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| * First Class |
P 350.00 |
P 700.00 |
| * Second Class |
P 100.00 |
P 200.00 |
| Industrial Park/Ecozone |
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| LEASING RATE, PER SQ.M. |
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| Commercial |
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| * First Class (town proper) |
P 25.00 |
P 50.00 |
| * Second Class (within 1km radius) |
P 10.00 |
P 15.00 |
| Industrial |
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| * First Class (within 2-3 km radius) |
P 20.00 |
P 35.00 |
| * Second Class (within 4-5 km radius) |
P 10.00 |
P 15.00 |
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