Mar 19, 2015

Posted by in General

Congratulations to all Centuria Medical Centre investors and buyers!

Congratulations to all Centuria Medical Centre investors and buyers!

Hi, We are pleased to announce the completion of the Centuria Medical Centre in Makati, Philippines, whereby the building is almost 50% owned by Singapore investors. Here is a quick summary on my inspection trip to turnover the units.

Other than individual units that some investors have chosen to buy, we have also jointly also bought one whole floor of the project for purpose of leasing to big companies or to sell to one corporate buyer.  I had spent one whole day in the building inspecting each of the units we bought.

The reason for this purchase is clear.  This is Freehold project, located in CBD, which is a Rare Medical Centre that offers Good Value For Money.  It ticks all the boxes.

The indicative gross capital gains should be around 60%-100% depending on purchase price, payment terms and unit facing.  Our purchase price was only around S$300+psf.

Those who bought with spot cash will experience higher gains of almost 100%.  Our investors call this project a Gem.  Rare and valuable.

Century City

The above photo shows the entire Century City of which Centuria Medical is part of it.  Most of the other projects are residential units.

I am happy with the inspection visit in January as the project is off good style and quality.  Here are some photos to share.
centuria3

 

centuria5centuria4

centuria7

wendy kwek

wendy kwek centuria

toilets

Toilets!

We are now in process of finalizing a long term lease for whole platinum floor with 10% increment in rental per year.  Once Rental Agreement done, investors will get  a copy.

I have found another FREEHOLD, COMMERCIAL SPACE, WITHIN CBD at a good value coming up soon.  We have secured bulk discounts that the public will not get  as I have pre-booked one whole floor again! PRP grads, please keep a look out for our email and SMS soon.

FYI: For my personally owned units in this project, I have received offers from Pharmaceutical companies but I have humbly rejected as I do not wish to kill the golden goose that will feed my family for many years to come.

Cheers to a great success and more!

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Apr 6, 2014

Posted by in General

More Philippines Property Market Update

More Philippines Property Market Update

Dear readers,

We are pleased to be hosted by Major Homes CEO, COO Mr Mario Oreta and Mr Quinto Oreta and team at the beautiful Balesin island resort in early Feb.  It was indeed an unforgettable experience as the Balesin Island resort has surpassed my expectation, especially after me having visited Boracay island and Palawan island resorts. Balesin Island resort is a for-members-only club and accessible within 20 minutes by plane from Manila.  It is a well-built, thematic resorts that has seven unique villages.  Other than the natural beauty, pristine beaches and very modern facilities, I’m also impressed with the attention to details, quality creation of each thematic villages. The quality selection of cuisines will leave you wanting to come back for more!  This is only made possible by Alphaland’s visionary and billionaire, Mr Roberto OngPin.  His team of people were crucial in helping to make things happen, including Alphaland’s President, Mr Mario Oreta.

Dinner with Alphaland and Major Home CEOs

Dinner at Balesin with Alphaland’s President and Major Home’s CEO

Beautiful Balesin Pool and Pristine Beaches

Balesin Spa Facilities

After a fun-filled trip to the Balesin resort, I visited Alphaland’s office to discuss some upcoming potential projects.  We also visited Major Homes’ offices and also see the model unit of our WK network’s investment into the student accommodation that is located at the university belt area in Manila.

Student Accomm, fully furnished, ensuite with kitchenette

I get to see see how the developer’s company is functioning and met up with the legal department, operations department, engineering team and sales team. I walked away with a peace of mind that everything is running systematically and that our investments are in good hands. What I see is that Major Home is serving a niche whereby there is a lack of quality, condo-styled student accommodation in the densely populated student area. The investors are all keen to own a piece of the property that can generate good yield and more importantly, it is fully furnished, fully managed and freehold at less than S$40,000.  What a value buy!   Property investment is fun and definitely rewarding once you secure the right deals.

 

 

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Mar 12, 2014

Posted by in General

Phillipines Property Market Update- Part 1

Phillipines Property Market Update- Part 1

Dear investors, I have recently gone to the Philippines to visit several developers and to conduct site visits on properties we invested in.  I am proud to share that our investor group has also invested actively into various development in the Philippines over the past few years.   We had invested into student accommodation, mass market condos, high end condos, office units, retail shops, medical centres and even car park lots.

I have identified Philippines to be an undervalued market segment over the past few years and so here are some updates for the readers and investors.

One of our first investments in Philippines is into the student accommodation called  One Archers Place by Eton Properties.  This is located  next to the famous LaSalle University. It is now generating passive income for us every month and purchase price is around S$50,000 per unit with freehold title.

One Archers Place

The other project that we bought into is the 8 Adriatico that is also by Eton Properties.  This project is situated right next to the largest shopping mall in Manila, the Robinson Place.  I had gone on site to visit this project that is going to complete by end of 2014.  Here are some photos to share.  Photos feature include Robinson Place Shopping mall and also photos that I have are taken on site and also the views from my penthouse units.

Robinson Place Shopping Mall

8 Adriatico Penthouse view

 

 

8 Adriatico

8 Adriatico Penthouse View

 

Part of Eton Team at 8 Adriatico

I have met the Eton team of people in charge including the members from Customer Service, Sales Support, Operations, Project Management etc to get updates about the various projects.

The other development we invested in with the same developer is the Eton Tower Makati.  The development has been delayed for completion till next year but I have gotten assurance from the project team of the completion of this prime project.  As you can see from the photo below, the project is already completed to 30th floor at this point of writing. This is one of the best situated projects that is right at the heart of Makati Philippines, within walking distance and sheltered walkways to the Greenbelt shopping malls, the Landmark shopping malls and also to the Glorietta shopping belt.  We secured the freehold properties at only around S$77,000 each unit.  It is one of the good value buys.

Eton Tower Makati Construcion

I believe this commercial, residential mixed project will fetch fantastic yields and good gains upon completion.  This is how the completed project will look like.

Eton Tower Makati

Eton Tower Makati

So we have more good things to look forward to.  More upcoming for Philippines Property Market Update.

 

 

 

 

 

 

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Feb 27, 2014

Posted by in General

Chinese New Year Celebration

Chinese New Year Celebration

 

 

 

 

 

 

Dear Friends,

WK Events celebrated the Chinese New Year with around 800 of our investors with the Ang Bao event, sponsored by developer Silverton Global.  Each of our visiting investor received an auspicious red packet with real cash as a blessing and you can see how happy they are.

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Feb 27, 2014

Posted by in General

New Year Celebration

New Year Celebration

 

 

 

 

 

 

Dear Friends,

2014 is set to be an exciting year!  WK Events kick started the year by investors to join us in a New Year session where we share about inspiration and specific strategies for one to manifest and bring into reality more positive results in life.

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