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.
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!