Up for sale by very willing owners is a 250-hectare property nestled on higher grounds of Barangay Bagumbong, Jalajala, Rizal. Travel details from EDSA-Ortigas junction is about 57 kilometers (or 2.5 hours). This property is overlooking Laguna Bay definitely with morning sun. There exists an access road network from the Jalajala-Tanay road and the Jalajala-Pakil leading to Laguna province. Meralco facilities are also existing in area.
Highest and best use (or HABU) for the subject property are as follows:
1. A spiritual retreat place owing to the claims for the area specifically Santong Lugar (English: Holy Place).
2. A comprehensive and highly sustainable retirement place for local or foreign aging people who wish to unburden their loved ones and freely live in a conducive place complete with trappings needed by aging people as economic, medical, recreational and spiritual facilities.
3. For land banking (while asking price is still low) with a horizon of 10 to 20 years since the place is already thirsting for and just awaiting recognition for a complete community and business development.
An appraisal by Land Bank of the Philippines has documented market value range in July 2004 of Php300 to Php500 per square meter, if interior and Php800 to Php1,200 per square meter along the road.
Highly interested prospect buyer, after personal viewing of the property, should submit a Letter of Intent (LOI) containing offer, negotiation and payment details with audited financial reports to prove financial capacity. These are the basic requirements by the seller-owner.