HTI officially launched 50 Jocson Residences Project, its high-end horizontal project located in Brgy. Loyola Heights, Quezon City . HTI will be building seven (7) high-end residential units with an average lot area of two hundred seventeen (217) square meters and an average floor area of two hundred eighty-six (286) square meters per unit.
The 50 Jocson Residences is located in the heart of the Katipunan area in Quezon City, fronting premiere schools Ateneo De Manila University and Miriam College. This prime location is also very proximate to the University of the Philippines, the Ayala UP Town Center and other Malls and major commercial establishments.
As a high-end project, the 50 Jocson Residences is targeting the upper-class market.
EXPECTED REVENUE AND EARNINGS
The Company conservatively expects 50 Jocson Residences to generate around Three Hundred Twenty Five Million Pesos (P325,000,000.00) in revenues from the sale of just seven (7) high-end units. From said revenues, around One Hundred Eight Million Pesos (P108,000,000.00) will be earned. Selling of units will commence in the First Quarter of 2022. It is expected that half of the sales and earnings will be realized by year end and the other half by the succeeding year. The Company targets project completion by the end of 2023.
Likewise, it is estimated that earnings from this project alone shall exceed the total earnings of the Company for the previous year with HTI intending to build more high-end projects in the future.
PROVEN TRACK RECORD
As with all its projects, the Company is confident that all its high-end units will be sold out even before the completion of its project.
MORE PIPELINE PROJECTS FOR 2022
Notwithstanding successive project launches, the Company still has several other projects in the pipeline for 2022, all of which are again highly expected to be sold out early and way before project completion. Also, in line with the Company’s effective and successful business model, its succeeding pipeline projects are highly expected to yield maximum returns.
FORWARD LOOKING STATEMENT
The subject disclosure contains statements about future events and expectations that constitute “forward-looking statements.” Although HTI has years of professional experience and competitive advantage in similar projects, the forward-looking statements are subject to known and unknown risk and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. Known uncertainties affecting forward looking statements include (1) project completion risk, (2) regulatory risk, (3) foreign exchange risk, and (4) changes in political climate. Lastly, such forward looking statements are made based on management’s current expectations and past experiences and as at current date. Nothing contained in the disclosure should be relied upon as a promise or representation as to a definite happening in the future and the expectations may differ from the actual results given the various risks. |