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REFLECTION PAPER (CAPEJANA VILLAGE) Final
REFLECTION PAPER (CAPEJANA VILLAGE) Final
CAPEJANA VILLAGE
Executive Diploma Program in Real Estate Management (EDPREM)
Last July 14, 2018, we went to San Rafael Bulacan to visit Capejana Village,
a 12-hectare subdivision. It started its operation almost 10-15 years ago, with the
mission of providing economic to mid-cost housing and a certain percentage of
socialized housing. But due to competitors and legal issues, unfortunately, it did not
suffice. Despite of which, they are coping up and maximizing their capabilities by
changing its primary plans without risking its goals. They over-all converted it into
100% socialized housing. At first, we found it very unusual because the roads are all
on standard distance, the clubhouse and amenities are for higher bracket housing. It
could have made a high margin than making it all 100% socialize housing. The
subdivision could now provide 1700 socialize housing units, with up to date of 600
units in sales and still coming up. Their model house was composed of 36 sq. meters
of land area with 32 sq. meters of floor area, with loft, small garden at front and a
solid concrete partition to separate with other units. They also decided to maintain
the clubhouse in order to provide more space for the homeowners during their special
occasions and also to accommodate for other public events at certain price. Aside
from that, they also planned to allocate their 2 hectare of land opposite to the
subdivision for commercial use. As what we saw, it looked like it was created with
quality compared to other socialized housing. As the owner itself told us that they
were pushing themselves to be the best socialized housing in the country. He taught
his family to become disciplined, that is why he created specific restrictions to make
the village clean, peaceful and order.
As to end, in the last four weeks I enrolled in this course with a limited
knowledge about Real Estate in general, I truly learned a lot from the facilitators,
lecturers, professors, government officials, and also with my classmates. Knowing
that the real estate domain is quite flexible. It can be used for agricultural, industrial
or residential. I believed that the more diverse knowledge and experience that come
together, the better off we are able to come up with new and superb things, though
it requires maximum effort and focus, we can still reach our goal setting with unity
and determination. After all, the main goal of the business is not just to create profit
but also to provide better lives for the people.