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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