Real estate

Title

Real estate

Creator

Varias, Antonio

Language

English

Source

The American Chamber of Commerce Journal Volume XXX (Issue No. 6) June 1954

Year

1954

Rights

In Copyright - Educational Use Permitted

Fulltext

Based on incomplete reports to the Public Service Commission, all other electric plants in the Philippines sell ing power to the public produced about 108,000,000 kwh’s in the year 1.953. This is an increase of about 18,000,000 kwh’s, or 20%, which is about the same rate of increase recorded in 1952 over 1951. There are about 170 companies selling electricity in the Philippines. The approximate output of 6 of the larger provincial plants is shown below. The output of these 6 companies represents nearly 1/2 of the Philippine output, other than the Meralco system. 1953 Output 1952 Output Increase Cebu...................... . . . 14,650,000 KWH 12,500;000 KWH 17% Baguio.................. 10,450,000 ” 5,600,000 ” 87% Iloilo...................... 10,350,000 ” 9,300,000 ” 11% Davao................... 7,000,000 ” 6,000,000 ” 17% Bacolod................. 5,400,000 ” 5,000,000 ” 8% Zamboanga......... 2,000,000 ” 1,700,000 ” 17% Total............ . . , 49,850,000 KWH 40,100,000 KWH 24% The increase in these cities and elsewhere in the prov inces has been at a higher percentage rate than the Manila Electric Company system increase. However, total pro vincial output was only 17% of Meralco production in 1953. The following compares the Manila system output with all of the provincial systems’ output. Manila Electric Provincial* by Juan Nakpil to Manuel 1950 .............................. 458,576,000 KWH 63,000,000 KWH 1951 ............................... 497,221,000 ” 75,000,000 ” 1952 .............................. 557,458,000 ” 90,000,000 ” 1953 .............................. 628,357,000 ” 108,000,000 ” Tc‘r ATS ““ b’ T-“°" ” SiTitetf '©rb- R”"lb M Vd--d' M“db“ REAL ESTATE SALES, 1954 January. Que ton Manila City Pasay Suburban City Towns Total P4,757,076Pl,306,427 P505.410 Pl.676,512 P8,245,425 Real Estate By Antonio Varias Vice-President, C. M. Hoskins Co., Inc., Realtors February........ 2,444,703 2,295,413 March............. 2,811,805 2,501,229 April............... 4,692,440 1,381,842 May................ 2,412,941 1,587,327 330,245 1,859,162 6,929,523 162,167 2,239,095 7,714,296 169,520 976,526 7,170,328 246,905 1,644,658 5,891,831 REAL ESTATE sales registered in the Greater Manila area during the month of May, 1954, num bered 621, with a total value of P5,891,831, as com pared with 551, with a total value of P7,170,328, regis tered during the preceding month of April. Of the May sales, 184, with a total value of P2,412,941, represented deals within Manila proper, and 437, with a total value of P3,478,890, were transactions regis tered in Quezon City, Pasay City, and in the suburban towns of Caloocan, Makati, Malabon-Navotas, Paranaque, Mandaluyong, and San Juan. A few of the bigger sales registered during the month were: CITV OF MANILA Binondo Plaza Cervantes corner Juan Luna and Dasmarinas Sts. A 5-story concrete edifice known as “MRS Building” on a lot of 665.3 sq.m, sold by Carmen Soriano Vda. de Angoso to J. M. Tuason & Co., Inc. for Pl,800,000. REAL ESTATE MORTGAGES, 1954 January......... P6,243,766 Pl,308,920 P517,867P3,629,703Pl 1,700,256 February... 2,980,579 1,891,440 600,810 2,115,852 March............. 4,400,965 2,132,170 417,390 1,773,031 April................ 5,606,798 1,392,580 267,850 1,503,990 May................ 4,148,835 1,991,400 334,300 1,710,865 7,588,816 8,723,556 7,771,218 8,185,400 A. Mabini St. A property with a lot of 329.1 sq.m, sold by Natividad Katigbak Vda. de Castillo to Pedro Alibudbud fo P40.900. M. H. del Pilar St. A parcel of 637.7 sq.m, sold by La Santa Sede to Apolinario S. de Guzman for P48.639. Otis St. A tract of 9,015 sq.m, sold by Chua Limco to the Domestic Invest ments Corporation for P135.234. Sampaloc Quezon Boulevard. A parcel of 1,388.5 sq.m, adjacent to the Far Eastern University, sold by the Manila Electric Company to the Far Eastern University for P500,000. by Co Tt Building Construction By Juan J. Carlos President, United Construction Co., Inc. DURING the month of April, the Office of the City Engineer approved building permits for construction work amounting to P2,628,820. For the same period in 1953, the volume of work authorized amounted to ?4,123,120, in comparison with P3,502,260 in 1952 and P4,857,025 in 1951. Some of the big projects that were started during the month under review were: A 2-story semi-concrete office building for Q. Patemo to be erected on Magdalena Street, costing P95.000. A 1-story re-enforced concrete building for the International To bacco Co. Inc., at 402-12 Sevilla Street, costing P120.000. For Bartolome San Diego, a 2-story apartment on Vergara Street, estimated to cost P70.000. On Alvarado Street, a 3-story office and store building for Cheng Ben Kun, estimated at P50.000. For Jose Espiritu, a 2-story apartment on San Andres Street, cost ing P 50,000. On Rizal Avenue, for Manuel Arce, a 2-story commercial building to cost P55.000. 229

pages

229

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