As per the Philippine Star Newspaper issue on June 1, 2008, Andrew Tan, chairman of Megaworld said that the company remains bullish on the prospects of the real estate sector despite of the economic slowdown. "Real estate remains a preferred asset class to hedge against inflation," he added. To cope with rising construction costs, the company will raise prices by 10-20 percent effective August 1, Tan Said. Megaworld senior vice-president Kingson Sian said the company normally increases its prices every year albeit at a minimal rate. On August 1, 2008, the 30 sqm Condo unit at Two Stamford - Mckinley Hills that I acquired last year has been Increased.
Now, I'm happy to say that my ROI (Return On Investment) this year was 14.8% equivalent to Php 318,800.
ROI Computation:
Purchase Price = Php 2,145,200
Current Value = Php 2,464,000
FY 2008 Increase = Php 318,800 (14.8% of the Purchase Price)
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