Real Estate

Media

Part of The American Chamber of Commerce Journal

Title: Real Estate
Creator: Varias, Antonio
Language: English
Source: The American Chamber of Commerce Journal Volume XXX (No. 1) January 1954
Year: 1954
Rights
Fulltext: should result in improving supply which should further stabilize rice prices and thus affect other prices directly. No great change was noticed in export trading during December. There are some unused import quotas which expire January 20, 1954. During December there were some price reductions on several essential items. Most credit executives are still waiting and watching. Even with the new Administration taking over December 30, it is unlikely that any definite policies of the new Ad ministration will result in changes until after June, 1954. The possibility of revision of the Bell Act and the possibility of other undertakings at government levels will undoubtedly be closely watched. Important commitments seem to be deferred until some definite pattern will appear to be taking shape. Electric Power Production (Manila Electric Company System) By J. F. Cotton Treasurer, Manila Electric Company 1941 Average—16,316,000 KWH Kilowatt Hours 1953 1952 lanuary...................................................... 50,107,000 45,152,000 February.................................................... 45,501,000 42,450,000 March......................................................... 50,789,000 45,128,000 April............................................................ 49,159,000 42,798,000 May............................. ........................... 52,042,000 45,580,000 June............................................................ 51,304,000 45,223,000 July.............................................................. 53,877,000 47,542,000 August........................................................ 54,275,000 47,988,000 September................................................. 53,636,000 47,216,000 October....................................................... 55,943,000 50,073,000 November.................................................. 53,756,000 * 47,652,000 December................................................... 57,430,000 ** 50,656,000 Total.................................................. 627,819,000 ** 557,458,000 •Reviled ••Partially estimated AS usual, new output records were set in December. The month was about 1,500,000 kwh above the pre vious high month (October, 1953). A high peak of 147,600 kw was recorded on December 23, and a new daily high gross of 2,114,200 kwh was registered on December 24. December output was 6,774,000 kwh, or 13.3%, above December, 1952. The year’s output was 70,361,000 kwh, or 12.6%, above 1952. During the last six months of the year the rate of increase was 13.2%, compared with 11.8% during the first half of the year. Some comparative figures are shown below which emphasize that the high rate of increase in the use of elec tricity is not only continuing but is tending to accelerate. New construction expenditures for 1953 by Meralco were nearly Pl2,000,000, indicating the enormous invest ment needed to keep abreast of the growing demand for electric service. Kwh Yearly Output 1951 ................. 497,211,000 1952 ................. 557,458,000 1953 ................. 627,819,000 Highest Monthly Output 1951 .................. 45,655,000 1952 .................. 50,656,000 1953 ................. 57,430,000 Highest Daily Output 1951 ................. 1,611,900 1952 ................. 1,884,600 1953 ................. 2,114,200 Increase Over Previous Year In crease 38,635,000 60,247,000 70,351,000 8.4% 12.1% 12.6% 4,556,000 5,001,000 6,774,000 11.8% 10.9% 13.3% 234,080 272,700 229,600 17.0% 16.9% 12.2% Highest Peak Load (Kw) 1951 ................. 114,100 7,600 7.1% 1952 ................. 125,000 10,900 9.6% 1953 ................. 147,600 22,600 18.0% Real Estate By Antonio Varias Vice-President, C. M. Hoskins Co., Inc., Realtors REAL ESTATE sales registered in the Greater Manila area during the month of December, 1953, numbered 503, with a total value of P6,155,104, as compared with 505, with a total value of ?4,739,599, registered during the preceding month of November. Of the December sales, 141, with a total value of only P3,207,870, represented deals within Manila proper, and 362, with a total value of P2,947,234, were transactions in Quezon City, Pasay City, and in the suburban towns of Caloocan, Makati, Paranaque, Malabon-Navotas, Mandaluyong, and San Juan. A few of the bigger sales registered during the month of December were: CITY OF MANILA Ermita Nebraska St. A parcel of 1,006.9 sq. m. sold by Perfecto Jose to Pedro Galang for 750,345. Sta. Monica St A property with a lot of 547.2 sq. m. sold by Enrique Katigbak to Daniel Ledesma for 780,000. Malate Dakota St. A property with a lot of 2,617.4 sq.m, sold by Marina Raquiza to Max Blouse for 7200,000. Dewey Boulevard, corner Remedios St. A property with a lot of 786.1 sold by Leonis Development Company to Natividad Lichauco for 778,000. Pensylvania St. A property with a lot of 458.1 sq.m, sold by Benito P. Manalo to Cipriano Navarro for 790,000. Paco Otis St. A property with a lot of 9,308 sq.m, sold by Chua Limco to La Fabrica de Cerveza de San Miguel for P395,590. Ludivico St. A property with a lot of 153.4 sq.m, sold by Luis Lauchengco to Josefa Vda. de Liwag for. 726,000. Sampaloc Gastambide St A parcel of 1,418.7 sq.m, sold by Teofilo Salvador to the Uni versity of the East for 7141,870. Craig St A property with a lot of 529 sq.m, sold by Jesus S. Reyes to Domingo Guevarra for 735,000. San Nicolas Tabora St. A property with a lot of 1,188 sq.m, sold by Arcadio Atienza to Manuel V. Syjuco for P73.000. Sta. Cruz Evangelista St A property with a lot of 132.3 sq. m. sold by Milagros Javier to Nemesio Dizon for P130,000. Benavides St. A property with a lot of 2,384 sq.m, sold by Francisco VeTgel de Dios to Julita Olaquivel for 7130,000. Juan Luna St. The transfer to the corporate name PATRICIA, INC. of a tract of 72,448 sq.m, by Ricardo St. Manotoc for a consideration of 7558,842. PASAY CITY F. B. Harrison St A parcel of 5,571.41 sq.m, sold by Manuel S. Galvez to the Church of Christ for 790,000. Taft Ave. A property with a lot of 133 sq.m, sold by Aurelio Gonzales to Rosa O. Puno for 774,949. Taft Ave. A property with a lot of 1,769 sq.m, sold by Ang Beng Uh to Januario Estrada for 750,000. QUEZON CITY Espafia Extension. A bungalow with a lot of 809 sq.m, sold by Margarito Dalusong to Pablo Sales for 730,000. Highway 54. A parcel of 4,699 sq.m, sold by Fred Da Silva to J. Amado Araneta for 752,669. Piedad Estate A tract of 51,718 iq.m. told by Bruno T. Solano to Reynaldo Tiongco for P51.718. Sta. Mesa Heights Cordillera St A property with a lot of 898.8 sq.m, sold by Bienvenido Canlas to Lilian Salonga for 745,000. Various Properties in Quezon City Several properties in Quezon City sold by Victorino Arambulo to the Republic of the Philippines for 7148,656. SUBURBAN TOWNS Baclaran Quirino Ave. A tract of 9,041.14 sq.m, sold by Antonio Syyap to Lorenzo Lim for 731,520. Mandaluyont King Albert St. The transfer of a compound with an area of 3,065 sqjn. for a consideration of P75.000 by Oeorge Edward Koster, Inc. to the corporate name American Builders, Inc. 19 21202 ,<im- SO'd by Ayal“ Securitiea GuH^SPf«t>A5 SOT °f 75’298 "q m' 8°ld MCTCed“ M- Gutie"“ to Ricardo "800 -na cm"“-r “ 't'he volume of work seems to have been adversely A affected by the national elections which were held during the period under review. Most of the projects ready to be let out for bidding, were held in abeyance until after the results of the elections were known. p eal estate mortgages registered in the Greater Manila area during the month numbered 567, with a total value of P8,646,034, as compared with 536, with a total value of P10,772,408, registered during the preceding month of November. Of the December mortgages, 344, with a total of P4,990,741, represented deals within the cities of Quezon and Pasay, and in the suburban towns of Caloocan, Makati, Malabon, Mandaluyong, Navotas, Paranaque, and San Juan; and 223 with a total value of P3,655,293, represented deals within Manila proper. Ocean Shipping and Exports By B. B. Tunold Secretary-Manager Associated Steamship Lines REAL ESTATE SALES, 1953 Quezon Pasay Suburban Manila City January.......... 1,499,139 1,477,332 February.... 3,460,932 1,286,414 March............. 3,775,675 1,643,140 April................ 3,481,727 1,322,975 May................ 2,980,713 1,657,605 June................ 3,200,302 1,066,751 July................. 3,744,881 1,456,079 August............ 1,840,321 1,186,969 September... 2,851,451 1,273,306 October.......... 2,417,066 1,403,475 November... 2,111,717 1,157,829 December.... 3,207,870 1,424,443 City Towns Total 213,490 4,141,742 7,331,703 341,023 1,710,106 6,798,475 680,593 1,649,801 7,759,209 213,465 1,947,750 6,965,917 200.299 1,218,360 6,056,977 277,416 1,295,511 5,389,980 434,581 1,377,080 7,012,621 113,147 1,375,728 4,516,165 217,780 1,972,257 6,314,794 229.300 1,191,319 5,241,160 530,981 939,072 4,739,599 343,431 1,179,360 6,155,104 TOTAL exports for the month of November of this year showed an increase of 50,537 tons over exports during November of last year; 141 vessels lifted 396,192 tons of exports during the month, as compared with 345,655 tons, lifted by 91 vessels, during the same month last year. This increase is mainly attributed to the sharp in crease in the export of logs over last year. REAL ESTATE MORTGAGES, 1953 January. . February.. March.... April......... May.......... June.......... July........... August. . . September October... November December. 3,691,913 5,560,707 7,586,190 5,069,966 4,962,183 4,465,288 3,602,235 2,578,404 5,707,433 3,469.244 5,531,175 3,655,293 1,377,690 2,196,329 2,419,165 1,973,705 2,026,850 2,062,071 1,395,078 961,540 1,233,274 1,400,650 1,567,821 1,754,850 245,200 718,300 553,800 184,500 1,219,800 457,000 564,709 190,000 429,000 262,270 1,041,600 762,940 2,016,917 2,924,480 1,503,942 1,976,673 2,645,032 2,096,738 1,641,841 1,636,739 1,299,219 2,423,247 1,631,812 2,472,951 7,331,720 11,399,816 12,063,097 9,204,844 10,853,865 9,081,097 7,203,863 5,366,683 8,668,926 7,555,411 10,772,400 8,646,034 Building Construction By Juan J. Carlos President, United Construction Co., Inc. DURING the month of November, the Office of the City Engineer approved building permits for construc tion work amounting to P3,704,580. For the same period in 1952, the volume of work authorized amounted to P2,748.60 in comparison with P4,819,360 in 1951 and P3,880,145 in 1950. Some of the big projects that were started during the month under review were: A 6-story reinforced-concrete building on Rizal Avenue, for Zosima, Inc., estimated at P700.000; For the National Power Corporation on Bonifacio Drive, Port Area, a 4-story office-building, costing P500.000; On Nagtahan Street, a residential building for Dy Bun Chin, estimated at P 160,000; A 2-story commercial building for Hollywood Shalon 8s Co. Inc., costing P130.000; On Rizal Avenue Extension, a night-club for Simeon Evangelista, estimated at Pl00,000. Prices of essential items remained firm during the pe* riod under review. Portland cement was quoted at P3J5O to P3.80 per bag of 94 lbs.; galvanized-iron sheets, gauge 26, 8 feet long, both corrugated and plain, at P6.10 to P6.30 per sheet; and reinforcing steel bars, sizes 3/8 inch to 1 inch, at P350 to P450 per ton. Exports during exports during November, Commodity Beer.............................................. Cigar and cigarettes............... Coconut, desiccated............... Coconut oil................................ Concentrates containing cop per, gold, silver, and lead.......................................... Copra.......................................... Copra cake/meal.................. Embroideries............................. Empty cylinders..................... Fish, salted............................... Furniture, rattan.................... Glycerine................................. Gums, copal............................. Hemp.......................................... Household goods and per sonal effects......................... Junk metal............................... Logs............................................. Lumber, sawn.......................... Molasses................................... Ores, chrome.......................... Ores, iron....................... Ores, manganese..................... Pineapples, canned................. Rattan, round (palasan).. Rice............................................. Rope............................................ Shells, shell waste.................. Skins, hides.............................. Sugar cent, /raw...................... Sugar, refined.......................... Tobacco..................................... Vegetable oil............................ Veneer......................................... Wine and liquor..................... Transit cargo........................... Merchandise, general .......... Tiber, 1953, as compared with 1952, were as follows: 1953 1952 272 tons 247 tons 32 ” 26 ” 4,073 ” 4,076 ” 8,335 ” 5,525 ” , 494 ” 59,123 ” 52,866 ” 6,930 ” 6,739 ” 292 ” 338 ” 251 ” 384 ” 17 ” 14 ” 321 ” 700 ” 300 ” 231 ” 58 ” 59 ” 54,701 bales 63,539 bales 319 tons 255 tons 624 ” 137 ” 52,093,793 bd.ft. 28,566,022 bd.ft. 4,262,075 ” ” 6,509,785 ” ” 5,507 tons 11,210 tons 47,043 ” 35,237 ” 94,518 ” 110,939 ” 301 ” 5,295 ” 2,058 ” 4,353 ” 226 ” 539 ” 690 ” — 280 ” 444 ” 71 ” 122 ” 212 ” 68 ” 37,828 ” 467 ” 20,659 ” 449 ” 346 ” 1,988 ” 28 ” 39 ” 13 ” — 14 ” — 362 ” 43 ” 517 ” 690 ” Port of Manila By W. S. Hurst Administrative Officer, Luzon Brokerage Company THE year ended with approximately 85,000 tons of general cargo being delivered from the piers during the month of December. For the 12-month period of 1953, approximately 900,000 tons of cargo was handled. It is anticipated that this will be surpassed during 1954. Due to the pier at San Fernando, La Union, being destroyed during a recent typhoon, cargo, which normally would have been discharged at that point, has had to be discharged at the South Harbor piers and then trucked to San Fernando. This caused further congestion at the piers 20