A friend of mine is building this house here in Cagayan De Oro.It's really amazing how big a difference there is between what it costs to build a house in Cagayan De Oro and what people try to sell a house for here. Up until this point, I had only heard the selling cost of houses that had already been built, and been sadly surprised at the cost of real estate... but never heard the cost of actually building a luxury home.
This is a 300 square meter (3,000 square foot) home with 6 bedrooms, 6 bathrooms, 3 medium-sized living rooms, 2 kitchens, maids quarters, and a full master suite on the third floor, sitting on a 500 square meter (5,000 square foot) corner lot of the most expensive real estate in Cagayan De Oro: Cliff-side at Xavier Estates. When finished, this entirely custom house will have hot and cold water throughout, a cliff-side swimming pool, and full landscaping and decks.
Cost to build fully furnished is 100,000 pounds, $200,000 dollars, or about 9 million pesos. The land cost 2.7 million, the landscaping and pool cost 0.8 million, the furnishings cost 1 million, and the house itself cost 4.5 million... 15,000 pesos per square meter (about $33 per square foot).
I've seen similar houses in Cagayan, not as large, not as pretty, on half the land, selling for the same price. I cannot imagine why anybody would buy a house already built here in Cagyan De Oro when you can build exactly what you want for so much less.
3 comments:
If an american waddles up to them and asks the price of their house, you expect them to tell the truth?
There is only one reason you support obama. He will stop free trade and some Indian might not get your job for a few more years.
Remember the Brazilian farmer
You are a loser hyprocite
Well, lessee Owen.
(1) Why would an American lie to another American?
(2) I support Obama because I want the dollar to improve in value, which it has.
(3) What?
(4) You're obviously drunk, and you love me.
(1) an american would lie to another to: make money, make himself look better and impress ladies.
(2) Obama is definitly a good speaker, hope he can keep his promises.
(3) ?
(4) The original poster is obviously in love with you in a sexual manner; you should not bend over to pick up any dropped items as he may be there waiting...with a sly grin and a velcro fly.
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