Don’t Invest in Stanford Condominium Development UNTIL You Read This

So, we are back in reviewing preselling condominiums here in Baguio City, Philippines. This local real estate developer has a new preselling condominium project and is now ready for us to buy and invest. So, we will now delve in and review this new condominium project here at Summer Capital of Philippines.

DISCLAIMER

Yes, I do sell this new condominium project and represent its developer as an external marketing arm. However, I will not be biased, and I will be neutral and fair in reviewing this new condominium project. Also, the developer did not sponsor this blog review.

INTRODUCTION

After a few years of silence, Goshen Land Capital Incorporated has launched this year’s new project development. Again here in the city of pines, the location is as good as a prime CBD (Central Business District) area. However, what excites me about this project is the potential income-generating and what it can offer.

An opportunity for real estate investors like you. Parents who have children that would soon go to universities in Baguio. Or for those who would like to start to invest in real estate already. Then this new condo project is now up for grabs to everyone whos interested.

Now, we are going to tackle the Stanford condo project, and what we are going to focus on are the following subject matters.

• Project Highlights
• Location of the Property
• Legalities
• Company Track Record and
• Conclusion

PROJECT HIGHLIGHTS

Project Presentation

Key takeaways from the presentation

The project has 214 units, four commercially used only spaces, with 14 sellable car parks.  Each condo unit can accommodate four renters for long-term or transient condo-type rental.

Project Name

Stanford Condominium

PROJECT LOCATION

The site of Stanford Condominium is not only considered but also confirmed as part of the Central Business District Area of Baguio. A stone’s throws away only from the University Belt and other commercial areas. In real estate, location, location, and location is the key to successful investment.

Address: New Lucban, Baguio City

LEGALITIES

License to Sell Number: 0015
Date Issued: August 2021
Project Completion Date: 3rd Quarter of 2023

COMPANY TRACK RECORD

First things first, this is GLCI’s explanation to their company.

“Goshen Land Capital Incorporated is a homegrown real estate developer based in Baguio City, Philippines. It develops innovative masterplanned communities of low to mid rise residential and commercial condominiums and offers lots and houses with budget fit, flexible payment terms.” source: https://www.goshenlandcapital.com/our-story/

GLCI has already finished 18 condominium developments and five delivered subdivision developments in Baguio and nearby areas of La-Trinidad, Benguet.  What I am iterating here is they have results that their clients are now enjoying.

Every company has struggles, and no company is perfect, and GLCI is one of those businesses. In my observation, GLCI tended to have delivery problems delay in the past years with their condominium projects. The coming of Premiere Horizon Alliance Corp. acquiring 55 percent ownership of Goshen Land Capital Inc. It was the saving grace and good move on the local company with capital injections and adopting a new culture for GLCI.

It is now safe to say that the Stanford Condominium project will be up to date, and delay problems will be a forgotten past for GCLI. The trust in the company has rejuvenated, and I hope GLCI will offer better development projects soon.

CONCLUSION

Stanford Condominium has the right formula for success. Considering the highest and best use in the area is a dormitory and transient rental, it is not already a debate if there is a potential income gain. The location is good and has a high potential profit if the economic activity of Baguio comes back. Clamoring for a comeback, GLCI would soon be the local developer to offer property development for Everyjuan.