Haus Talk, Inc. Approves the Acquisition of A 12-Hectare Property
March 29, 2022 at 06:56 am IST
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Haus Talk, Inc. announced that at its board meeting held on March 28, 2022, the board approved the acquisition of a 12-hectare property in Bayabas Road, San Antonio, Biñan, Laguna at PHP 6,000.00 per square meter, or equivalent to a total amount of PHP 720,000,000.00. This Binan property will be developed into economic residential housing units which are expected to generate revenues of about PHP 3,400,000,000.00. The implementation of the purchase shall be made after the completion of a thirty-day due diligence on the property which shall start in April 2022.
The Corporation intends to commence development by the third quarter of 2022 and start revenue generation within the year.
Haus Talk, Inc. is a Philippines-based company, which is engaged in the business of general construction and building of all kinds of houses, homes, building structures, edifices of all kinds whatsoever, roads, bridges, and in general, all kinds of vertical and all horizontal construction work, including subdivision. The Company's primary purpose is to invest in real estate, more specifically to acquire land, engage in land and housing development and participate in the governmentâs mass housing program. Its properties include Eastview Residences, Eastview Premiere, Eastview Condominium, Celestis 1, Celestis 2, 50 Jocson Residences, The Granary, Southview Homes Sta. Rosa, Southview Homes Calendola, Southview Homes 2-Extension, Costa Aurea and Winn Residences. The WINN residences project is a residential condominium project located at Sitio Veterans, Barangay Bagong Silangan, Quezon City. Its subsidiaries include Tradition Homes, Inc. and Lifestyle Development Corporation.