Two Stamford Executive Residences - August 2009 update

August 05, 2009 I received an email update regarding the construction status. Below is the email of the Marketing Assistant:

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Dear Sir/Madam:
We are pleased to inform you the overall project accomplishment of The Stamford Executive Residences Towers 1, 2 and 3 as of July 15, 2009:
Excavation and foundation works are complete for all towers as well as the concreting of Basement to 2nd floor level.

For Two Stamford Tower, concreting works is ongoing at 5th Floor. Other engineering works are in pace with architectural and civil works.
Our Project Management is closely monitoring the progress of works for the scheduled completion.
We trust that you find everything to your satisfaction.

Megaworld Corporation

3/F Forbestown Center Showroom

26th St. Cor. Rizal Drive, Crescent Park West District,

Bonifacio Global City, Taguig

Value appreciation as of August 2009

I received another Php 1,900 check commission from my lot property at Grand Royale Subdivision. August 01, 2009 the Asst. Vice President of Asianland Strategies informed me about the check commission.

Moreover, the good news is the current value of my two lot properties increase to Php 300 per square meters in addition to the value appreciation last year of Php 200 per square meters. I have now a forecasted capital gain of 96 sqm x 2 lot properties = 192 sqm x Php 500, so my total ROI (Return On Investment) would be Php 96,000 as of August 2009.

Two Stamford Executive Residences - Update

It's more than a year since I got the Unit 6K - Two Stamford Executive Residences at Mckinley Hills and now the development works according to megaworld's plan. December 11, 2008 I received an email update regarding the construction status. Below is the email of the Marketing Assistant:

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Dear Sir/Madam,

We are pleased to inform you that as of 30 November 2008, the overall project accomplishment is 49%. Excavation and foundation works are complete for all towers. Concreting of Tower 1 is currently at 7/F. Current works include installation of formworks at 8/F, electrical roughing-ins and pipe sleeving at lower levels. Other engineering works are in pace with architectural and civil workds.

Megaworld Corporation

3/F Forbestown Center Showroom

26th St. Cor. Rizal Drive, Crescent Park West District,

Bonifacio Global City, Taguig

Simple idea on handling your Money

I just want to share this very simple and common sense idea explained by Francisco Colayco during his interview with Boy Abunda on Private Conversation. We as an employee who are striving to work everyday to be able for us to compensate our daily needs and other expenses should learn how to pay ourself first. Why think of buying expensive stuffs that will not give us a value? Most of us think of spending our hard-earned money to something that we think will give us an unnecessary pleasure. We often think of buying things even before we receive our salary. It's not bad to spoil ourself with expensive things but being conscious on where we put our money is the most important mindset that we should develop. Cited by Bill FitzPatrick the founder of the American Success Institute, "Separate your wants from your needs. You want to work for all you need, not necessarily for all you want. You do not have to sentence yourself to a lifetime of hard labor for the false trappings of status. Living on less can eventually yield much more. The simpler you make your life, the easier it will be to maintain. Think in terms of moderation. It is easier to buy things than to sell them. You can make a comfortable life for yourself by finding contentment in the things you already have and holding reasonable expectations."

I agree with that statement of Bill FitzPatrick. Now, let's get more into reality check, some of us are still young and capable to work hard to earn more money; some are now thinking of their retirement and health insurance plans. These two simple scenarios will not just happen to one person but to everyone. That scenario will repeat over and over again and will pass through our next generations. Basically, in life, young people turns to old. Avoiding ourselves to prepare for the future because we believe that we are still young is not a good mindset. That is why many people end up broke and realize their mistakes when they get old. They start blaming the circumstances of their misfortune. Why? you already know the answer. Absolutely, because they have already failed in their past and nothing to do now but to blame. That's the only thing they can do at their age. Handling our hard-earned money is quiet simple as long as we have a clear view of our goals.

4.6+% x 2, ROI in AsianLand Lot properties

My first ROI in AsianLand lot properties was formally announced on July 2, 2008. I received a confirmation email from the VP of AsianLand strategies, that the lot properties in Grand Royale Bulacan has been increased to 4.8% equivalent to Php 200 per square meter. Since I acquired 2 lot properties last year, my ROI can be considered as 4.8% x 2 in just 1 year. The figure below shows how the ROI calculated for each lot property:

ROI Computation:

AsianLand Grand Royale

1) Lot 1 - 96sqm

Purchase Price = Php 401,760

Current Value = Php 420,960

FY 2008 Increase = Php 19,200 (4.8% of the Purchase Price)

2) Lot 2 - 96sqm

Purchase Price = Php 419,520

Current Value = Php 438,720

FY 2008 Increse = Php 19,200 (4.6% of the Purchase Price)

Considering that this is just a lot property, an average of 4.8% and 4.6% annual ROI indicates that the location is in a well-developed area. Furthermore, Bulacan government is continuously doing reform to advance their economy as compared to other provinces. Some of their development plans are: 1) Sustainable economic development, 2) Efficient delivery of health and social services, 3) Youth Cultural and Historical development and 4) Peace and Order. Achieveing these objectives will lead to the fast economic growth of Bulacan.