Property24, MSGRDC partner anew for auction of exclusive properties
Property24, the leading online property portal in the Philippines, is teaming up anew with fast-growing real estate firm My Saving Grace Realty and Development Corp. (MSGRDC) for the bidding of exclusive properties following a successful initial auction last May.
The second in a series of auctions will be held tomorrow starting 8 a.m. at Max’s Restaurant along Jupiter St. in Makati City, with over 800 prime properties in NCR up for grabs.
The auction will also in- clude 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.
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.
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.
He said MSGRDC 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.