Ateneo Professor on Entrepreneurship
Rizal Philippines
September 28, 2019
I met again a former staff who is now a multi millionaire. He claims his receivable is up to P200 m. He purchased 6 houses and top of the line vehicles. He said he used to be a lecturer on real estate development. He does brokerage and his own land development (or land selling by subdividing)
His MO for land development has been to buy cheap land, subdivide them 9 x 9 to get away from the subdivision laws, sell on the basis of plans, (do they conform to the 70 -30% ratio, sell the lots undeveloped. But promises to develop the same. What do you think of his MO?
We did this only once. AGSB teaches us to be ethical and a good citizen Subsequently, all our projects followed the law and legal practices in real estate
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