House and Lot/ Lot Only for Sale in Alabang, Philippines

why Versailles…?

INVESTMENT CONSIDERATIONS



1. The most important consideration in real estate is LOCATION. Versailles is
adjacent to Ayala Alabang, the prestigious residential subdivision in the Philippines. Versailles is only 4 – 5 minute drive to Alabang Town Center, acclaimed as the most modern and complete commercial center in the metropolis.


2. The subdivision clubhouse, with its facilities and amenities such as swimming pool, gym, sauna, Jacuzzi, function rooms and basketball, tennis, and badminton courts provide the lot buyers the benefits and privileges of a country club without having to pay
the price for a club proprietary share, normally ranging from P500,000.00 to
P700,000.00 per share. Effectively, lot owners enjoy about half a million pesos
discount from their purchase price of a Versailles property.


3. In residential villages of 50 – 100 hectares, the homeowners’ association dues are
approximately 1 / 4 of those of condominium monthly dues.


4. Twenty years ago, a condominium unit along Ayala Avenue was selling at P2.0 million pesos. At almost the same period, a house and lot property at Dasmariñas Village was sold at about P2.0 million

The same condominium unit is presently appraised at P8.0 Million and the
Dasmariñas Village property is now valued at P40.0 Million together with
its depreciated improvements.

In Philippine real estate history, detached residential properties, specially in
exclusive first class subdivisions, continue to demand higher prices than
condominium units, even those located in prime location lots in Makati or Ortigas.

Land Appreciates ------ Buildings Depreciate.

5. Ayala-Alabang is considered one of the best planned communities with the most beautiful houses. But it was developed 27 years ago. Utilities like electrical, cable and telephone are still above ground while in Versailles, all these will be laid underground. You’ll see nothing above ground except the beautiful lamp posts and the Mediterranean inspired houses to be built on your properties.



6. Versailles commercial area development will surely provide the homeowner an easy access to his everyday needs. The kilometer long commercial area frontage along Daang-Hari shall be developed a la Greenbelt 3.


7. Titles to the properties can be released immediately, free from lien and encumbrances upon full payment. Even for properties sold at its initial stage of development, titles can be released upon payment of the full purchase price and buyer can utilize the title for his other financing requirement.


8. There are very few instances where developer companies undertake land development of huge prime properties they directly own. Versailles is being developed by its owners themselves.

State Properties Corporation

STATE PROPERTIES CORPORATION (SPC) is a wholly owned real estate arm of State Investment Trust, Inc., originally organized in 1975 under the name Peltan, Inc., and renamed STATE PROPERTIES CORPORATION in 1995. The company is currently developing its 78.6-hectare prime property into a high-end subdivision aptly called Versailles. Strategically located adjacent to Ayala Alabang Village, it caters to the country’s upper income strata and is also being marketed to the Filipinos based in the United States and Europe.

Other group owned assets located along EDSA in Metropolitan Manila are also lined up for future development.


State Investment Trust Inc.

State Investment Trust Inc. started as a trading concern in 1964 that was eventually transformed into a financing company. Later on, it expanded to include investment banking operations until it was granted a Trust License in 1994 under the Universal Banking Reforms.

As an investment house, the company ventured into real estate and developed several condominium projects in key cities like Manila, Makati and Ortigas Center in Mandaluyong City. It later embarked in the power generation business and entered into a joint-venture agreement with STEAG AG, a leading independent power producer in Germany, in the development of the 210-megawatt power plant
in Cagayan de Oro City.


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Josie K. Resari (Licensed Real Estate Broker: License No. 1451)

Affiliation

Real Estate Brokers of the Philippines (REBAP)

National Association of Realtors (NAR)

International Realtors Member (IRM)