The Remington Place

A Project Feasibility Study

by Nathaniel C. Landingin
Landingin and Company, Las Pinas, Philippines, June 1998

The study was prepared to support the application of Capitol Industrial Construction Groups, Inc. for development loan guaranty from the Home Insurance Guaranty Corporation. The rationale of the project is to shift use of the existing property of the company at Km. 18 Ortigas Ave. Ext., Cainta, Rizal from industrial to 1,092-unit mid-rise middle-income residential condominium complex. The paper described the locational, physical, and socio-economic advantages of the property and the immediate vicinity as well. The program of development was prepared to support the financial projections made. Technical and engineering analysis was presented in terms of the type of development, land and building construction, and the project scale. Market analysis is essential. Thus, it recommended market plan and target beneficiaries based on the demand for housing and the affordability analysis made. The paper ends with a financial analysis indicating the profitability of the project based on the pricing, financing, and costing schemes presented. Financial projections were made with the commands of the Microsoft excel software.

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