Core Viewpoint - Republic HC's subsidiary, Republic Resources Corporation, has entered into an agreement to purchase a property in the Philippines for 21.418 million pesos, indicating a strategic move to enhance its office space and long-term investment potential [1][2]. Group 1: Property Acquisition Details - The property is located at Unit 1605, The Gentry Corporate Plaza, Makati City, with a saleable area of approximately 80 square meters [1]. - The property is currently under construction and will be developed into a mixed-use project, including office space and multi-level parking [1]. - The seller is required to complete the property according to the architectural plans by April 2025, with the possibility of extensions as per the agreement [1]. Group 2: Investment Rationale - The property is situated in Manila's prime business district, offering excellent long-term investment potential [2]. - It is a freehold property, providing additional security and ownership benefits [2]. - The acquisition price is significantly discounted compared to the current market price, making it an attractive investment [2]. - Given the rising rental costs in the area, purchasing the property is more economical than leasing, providing financial stability and capital appreciation potential [2].
REPUBLIC HC(08357)附属拟2141.8万披索购买菲律宾物业