• Online portal, realty firm to hold property auction

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    ONLINE portal Property24 and real estate firm My Saving Grace Realty and Development Corp. (MGSRDC) will auction more than 800 prime properties in Metro Manila on July 16 at Max’s Restaurant along Jupiter St. in Makati City.

    This will be the second property auction to be conducted by Property24 and MGSRDC.
    The auction, which will start at 8:00 am, will include the recently acquired Dee Hwa Liong Hospital located in Mabalacat, Pampanga. This property is an eight-storey 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 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, Property24 and MSGRDC said.

    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.
    Last May 28, the two firms conducted a successful auction of exclusive properties from the Philippine Asset Growth One, Inc. (PAGOI) and the Philippine Asset Growth Two, Inc. (PAGTI). More than 100 prime properties in the National Capital Region were sold and buyers were reportedly 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,” said MSGRDC head Ramil Alquileta.

    For its part, Property24 said it was proud of what it achieved together with MSGRDC.

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