These whole dormitory buildings are designed, constructed, commissioned, operated, and sold to a real estate investor to generate recurring income.
In most cases, the real estate investor, now the owner of the facility, engages the services of the developer/dormitory operator, to run the property.
Maintenance, marketing, collections, etc. are all done for the new owner. All the new owner needs to do is wait for the deposits to their bank account.
Status: OPERATIONAL (Completed end of May 2020. 94%+ tenanted as of June 10, 2020)
Floor Area: 2,108 sqm | Lot Area: 346 sqm
89 rooms (studio type)
440 beds (4 and 6 beds per room)
SELLING PRICE: P247,000,000 (VAT inclusive)
CCTV monitoring system
Roof Deck lounge
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