NDC Property City of Dasmarias, Cavite Objective Prepare a re-evaluation of the property vis--vis the Colliers Report.

port. Determine and highlight factors that affect the absorption rate of the sample projects. Prepare an updated sales performance report of selected residential projects (2009 to present) Make a valuation study to establish the existing market value in the area.

1. Property Description and Background 1.1. Location: Along Langkaan Road (Barangay Road) Southeast of First Cavite Industrial Park 3.3 km from Governors Drive

1.2. Property Characteristics Generally flat Currently classified as industrial land

1.3. Neighborhood Data 1.3. Background NDC offered the property at a minimum bid price of Php254.10 million or Php1,325 per sqm last November 2010 There were 2 failed bids for the said property. NDC is now open to cash purchase and joint-venture offers. PODC to submit an offer which will be subjected to a Swiss Challenge.

2. Re-evaluation of NDC Property

3. Factors that Affect Absorption Rate

4. Updated sales performance report of selected residential projects Project

Low Cost 2 The Villas at Dasmarias Highland Greensborough Subdivision Phase 3 Cyberville @ Sunrise Hills Tierra Vista Dasmarias Dasmarias Royale Village Mid Income Bellefort Estates Avida Residences Camella Dasmarias Del Mar Place

Location
Barangay San Agustin, Dasmarias, Cavite Barangay Sabang, Dasmarias, Cavite Barangay Sabang, Dasmarias, Cavite Barangay Langkaan, Dasmarias, Cavite Barangay Paliparan, Dasmarias, Cavite Barangay Paliparan, Dasmarias, Cavite Molino-Paliparan Road, Aguinaldo Highway, Dasmarias, Cavite Barangay PIela, Dasmarias, Cavite

Total Units
715 279 384 358 416

Sales Performance 2009 2010 2011 Total

52 236 40 90 13

670 267 76 86

62 169 21 9

5. Valuation Study using Market Data Approach