CB Richard Ellis (CBRE), a top commercial real estate provider in the Philippines, will be having a public auction of foreclosed properties on May 28, 2009, Thursday, 2:00pm, at the 12/F Multipurpose Hall, Insular Life Building, Ayala Avenue, Makati City, Philippines.
Financing is available and only 10% down payment is required. Properties are available at very low prices and I can personally vouch for this, just checkout the listing and you will see. Show money in the form of cash or manager’s checks are Php25,000 per property. Brokers are welcome, although I am not sure what rates are offered as commission, please call them up for more details.
As usual, all properties are for sale on an “AS IS, WHERE IS” basis. Properties, rates and prices are subject to change without prior notice so please call to verify details if you are interested in any of the foreclosed properties on the list.
The properties up for sale include commercial and residential properties. Big ticket properties that have a minimum bid price of at least Php7Million are also included on the list.
Properties included on the list are from Caloocan, Las Pinas, Makati, Mandaluyong, Manila, Muntinlupa, Paranaque, Pasig, Pateros, Quezon City, Taguig, Batangas, Bulacan, Cavite, Cebu, Iloilo, Laguna, Nueva Ecija, Palawan, Pampanga, Quezon, Rizal, and Zambales.
Click here to download CBRE’s listing of foreclosed properties for public auction on May 28, 2009.
You may also visit their website at www.cbre.com.ph
It’s been awhile since I last attended a public auction of CBRE and I remember this because that happened to be on my birthday last year. If you are wondering what goes on during a public auction, please do checkout my recent post about their last public auction here.
Here’s a tip: Properties that remain unsold during public auctions of CBRE are often made available for negotiated sale afterwards. I’ll also post this here once the list becomes available.
To our financial freedom!
Jay Castillo
Real Estate Investor
REBL#: 20056
Blog: www.foreclosurephilippines.com
Social Network: foreclosurephilippines.ning.com
Mobile: +639178843882
E-mail: ph.investor@gmail.com
{ 2 comments… read them below or add one }
Hi Sir,
I am just starting to try my luck in real estate. what would be the first thing to do?
Thank you so much for being an inspiration to all of us.
God Bless.
Hi Anonymous,
I’m so sorry for the delayed reply, thank your comment and kind words. I would suggest that you first devote your time on educating yourself. You may learn a lot not just from this blog but also from books like Rich Dad Poor Dad by Robert Kiyosaki, Think Rich Pinoy by Larry Gamboa, and Think Rich Quick by Trace Trajano. I started with these books and I still read them!
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