Real estate

Title

Real estate

Creator

Varias, Antonio

Language

English

Year

1953

Rights

In Copyright - Educational Use Permitted

Fulltext

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 January.......................................................... 50,107,000 * 45,152,000 February........................................................ 45,520,000 ** 42,450,000 March................................................................................... 45,128,000 April..................................................................................... 42,798,000 May...................................................................................... 45,580,000 June...................................................................................... 45,223,000 July....................................................................................... 47,542,000 August................................................................................. 47,988,000 September........................................................................... 47,216,000 October................................................................................ 50,073,000 November........................................................................... 47,652,000 December............................................................................ 50,656,000 Total.......................................... 557,458,000 •♦Partially estimated February output was at a higher daily average rate than January. The increase over last year was 3,070,000 KWH, or 7.2%. However, last year was leap year, with 29 days in February. On a comparable basis output was about 11 % above last year. Real Estate By Antonio Varias Vice-President, C. M. Hoskins S’ Co., Inc., Realtors REAL ESTATE sales registered in the Greater Manila area during the month of February, 1953, numbered 638 with a total value of P6,798,475, as compared with 653, with a total value of P7,331,703, registered during the preceding month of January. Of the February sales, 190, with a total value of P3,460,932, represented deals within Manila proper, ‘ and 448, with a total value of P3,337,543, were sales within the cities of Quezon and Pasay, and in the suburban towns of Makati, Caloocan, Mandaluyong, Malabon-Navotas, Paranaque, and San Juan. A number of the bigger sales registered during the month of February were: A factory-warehouse situated at the north end of Cristobal Street, along the Pasig River, Paco, on a lot of 21,918.9 square meters, sold by Johnson Pickett Rope Company to Antonio Roxas Chua for P500,00C; A property, with a lot of 952.85 square meters, on Ongpin, corner T. Pinpin streets, Binondo, sold by Ban Chuan Realty Company to Pacific Shoe Supply Company for P420.000; A parcel of 2,081.2 square meters, situated at the corner of Padre Faura Street and Dewey Boulevard, Ermita, sold by Jose Reyes to Leoncia Ang for P245.000; A parcel of 1,666.2 square meters, on San Luis Street, corner San Carlos Street, Ermita, sold by Tong Biao to A. Magsaysay, Inc. for P170.000; A parcel of 2,879 square meters, on Isaac Peral Street, Ermita, sold by Compania General de Tabacos to the Capital Insurance and Surety Company for P143.000; A tract of 14,143 square meters, in Makati, sold by ESSO Invest ments, Ltd. to Martiniano G. Abad for Pl 10,000; A parcel of 4,611 square meters on Herran Street, Sta. Ana, sold by W. Ick.to the City of Manila for P101.499. ■p cal estate mortgages registered in the Greater Manila area during the month of February numbered 592, with a total value of Pl 1,399,816, as compared with 514, with a total value of P7,331,720, registered during the preceding month of January. Of the February total, 274, with a total value of P5,560,707, represented deals within Manila proper, while 318, with a total value of P5,839,109, were mortgages in Quezon City, Pasay City, and in the suburban towns of Caloocan, Makati, Mandaluyong, Malabon-Navotas, Pa ranaque, and San Juan. REAL ESTATE SALES, 1953 Quezon Pasay Suburban Manila City City Towns Total January........ . 1,499,139 1,477,332 213,490 4 141,742 7,331,703 February.... . 3,460,932 1,286,414 341,023 1,710,106 6,798,475 REAL ESTATE MORTGAGES, 1953 January.......... 3,691,913 1.377,690 245,200 2,016,917 7,331,720 February 5,560,707 2,196,329 718,300 2,924,480 11,399,816 Building Construction By Juan J. Carlos President, United Construction Co., Inc. DURING the month of January, the Office of the City Engineer approved building permits for construction work amounting to P3,742,310. During the same month in 1952, the volume of work authorized amounted to P4,921,570 in comparison with P4,796,840 in 1951 and P6,065,600 in 1950. Some of the big projects that were started during the month of January were: A 4-story reinforced concrete school building for the Mapua Institute of Technology on Muralla, Walled City, costing P500.000; For Mrs. Maria G. Vda de Ampil, a 3-story commercial building on M. de los Santos street, Binondo, estimated at P350.000; A 3-story apartment building for Litton & Co., Inc., on L. Gue rrero street, Ermita, costing Pl70,000; For Dr. Nicanor Padilla, a 3-story commercial building on M. de los Santos and Tabora streets, Binondo, estimated at P150.000; On Rizal Avenue, comer Carriedo street, a 5th-floor addition to the Gonzaga Building, costing P120.000; A 3-story commercial building on Rosario street, Binondo, for Dee Chian Hong & Sons, estimated at P90,000. Besides the private construction work mentioned, there are several big government building projects that were let out for bidding during the period under review. The construction of a 2-story office building for the Price Stabilization Corporation (PRISCO), estimated at about Pl,000,000, on Muelle de la Industria, Binondo, near the Cebu Portland Cement Company building, was started. Bids for 17 3-story apartment buildings to be financed jointly by MSA-Philcusa and erected on Zamora Street, Pandacan, were received. Aside from the critical materials to be supplied by the MSA, this low-cost housing project will cost about Pl,100,000. Other big projects in line are the construction of se veral warehouses for the Philippine Army at Cavite and Camp Murphy, costing more than Pl,000,000; rehabilita tion of the former University of the Philippines buildings on Padre Faura Street and Taft Avenue; and the P18,000,000 Veterans Hospital project in Quezon City. Port of Manila By L. R. Wentholt Vice-President, Luxon Brokerage Company DURING the month of February some 82,000 tons of general cargo were discharged on piers and on lighters, among which was a shipment of 8,000 tons of asphalt for the Bureau of Public Works to be used for the pavement of roads. Some pilferages of textiles were again reported, proving that the originators are still working on the pier. As before, bales of old newspapers were used to substitute the stolen textiles. The pier for the Caltex Refinery in Batangas is now ready for deliveries and the President Fillmore will be the first vessel to call direct at this port. Some congestion was experienced on Pier 9, but due to appropriate measures this was soon relieved. 109

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