PROJECT DESCRIPTION

Laurel Valley (the “Project”) is an ongoing 40-hectare mixed-used (residential and commercial)
project development by Centrepoint Property Development Corporation (“CPDC”). The Project,
situated within the ridges of Tagaytay overlooking Taal Lake at Brgy. San Gregorio, Laurel, Batangas,
is envisioned to be the “First Livable Ecology Wellness Community” in the country. Master planned
by the world renowned Budji Layug + Royal Pineda Architectural Firm (“BLRP”), the Project is
designed to enhance the physiological development of its residents, making it the premier wellness
project development in the country that provides healing and rejuvenation within the comfort of a
secured eco-friendly community. Additionally, all homes are equipped with Smart Home Technology.

PROGRESS BACKGROUND
(1) The ongoing project is covered by License to Sell No. 034822 duly issued on July 9, 2019 by
Housing and Land Use Regulatory Board (“HLURB”), now Department of Human Settlements
and Urban Development (“DHSUD”), upon full compliance of the required permits and
clearances, among others, to wit:

 Certificate of Registration issued by Housing and Land Use Regulatory Board (“HLURB”)
indicating the project owner, Centrepoint Property Development Corporation and the
developer, Mega Millennium Royal Corporation;
 Clearance of Department of Agriculture that the property is not suitable for agricultural
purposes;
 Exemption from CARP coverage issued by Department of Agrarian Reform allowing the
conversion of the property from agricultural use to residential purposes;
 Preparation of the Environmental Impact Assessment (“EIA”) required for the issuance
of Environmental Compliance Certificate (“ECC”);
 Environmental Compliance Certificate (“ECC”) duly issued by the Department of
Environment and Natural Resources (“DENR”);
 Clearance for development purposes issued by Municipal Agrarian Reform Office
(“MARO”);
 Approval for the MARO endorsement issued by Provincial Agrarian Reform Office
(“PARO”);
 Clearance and trees inventories done by Community Environment and Natural
Resources Office (“CENRO”);
 Approval of CENRO findings issued by Provincial Environment and Natural Resources
Office (“PENRO”);
 Barangay Clearance for the project development;
 Resolution for the project development permit duly approved by the Local Government
Unit (“LGU”) of Laurel Batangas or the Sangguniang Bayan (“SB”);
 Approval of the proposed development issued by the Protected Area Management
Board (“PAMBI”) comprising the League of Municipal Mayor’s surrounding Taal lake;
 Consolidation subdivision plan for the project done by geodetic engineer based on
actual survey of the site and development plan to be submitted for approval to DENR.
 Duly approved subdivision plan issued by DENR allowing the subdivision of the mother
titles;
 Subdivision of the transfer certificates of titles (“TCT’s”) done by the Registry of Deeds
for Tanauan Batangas Branch covering the Laurel Batangas project development;

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  Reclassification and conversion of the property from agricultural use to residential
purposes duly registered in the Assessor’s Office of Laurel Batangas for the entire
project development;
 The project is presently registered and accredited with Philippine Retirement Authority
(“PRA”) wherein foreign buyer/s may be given Special Resident Retiree’s Visa (“SRRV”)
for their unrestricted duration to stay in our country if they bought properties from our
project; and
 Online portal apps specifically designed for the selling Broker’s to access real time
project inventories is now accessible for convenience to be able to close deals
worldwide.

(2) World-renown architectural design group Budji Layug + Royal Pineda Design (“BLRP”) is
commissioned to meticulously prepare the master planning of the entire community
including the design of all improvements (houses, condominium units, amenities,
landscaping, road networks etc.) to be built;

(3) 25% of the road networks of the land development works have already been in-placed for
the project with an aggregate area of 400,982 square meters, specifically completed the road
networks for Phase-1A and set for the construction of houses and condominium units.

(4) The property is recently appraised by Cuervo Valuers & Advisory Inc. with present market
valuation of ₱3,207,856,000.00, dated July 1, 2022.

(5) Project branding done by Geiser Maclang Marketing Communications and Keller Williams
Realty handling the sales and marketing.

(6) An initial 52 houses with receivables of about ₱200,000,000.00 are now being constructed to
be delivered this year.

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 AREA TABULATION

Description % Area (SQM) Price/SQM Amount (PHP)

Gross Land Area 400,982
Open Area 39.82% 159,686
Saleable Area 60.18% 241,296
Less: Sold Area -11,617
Available Saleable Area 229,679

Residential Area 206,341 12,000.00 2,476,092,000.00

Commercial Area 23,338 30,000.00 700,140,000.00
Revenue on Saleable Area 229,679 ₱3,176,232,000.00
*Recent appraisal (7/1/2022) by Cuervo Valuers & Advisory Inc. valued at Php3,207,856,000.00

GROSS REVENUE, PROFIT SHARING AND ROI

Consolidated In Billion Investor

(Phases 1&2) (PHP) % 35%
Gross Revenue (with VAT) 52.718 B
VAT 5.648 B
Revenue (net of VAT) 47.069 B 100.0%
Land Creditors 0.400 B 0.8%
Land Development 0.402 B 0.9%
Design and Engineering Fee 0.948 B 2.0%
House Construction 10.583 B 22.5%
Gross Profit 34.737 B 73.8%
Operating Expenses:
Selling Expenses 6.459 B 13.7%
General & Admin Expenses 0.394 B 0.8%
Other Income/Expenses 0.945 B 2.0%
Net Income Before Tax (NIBT) 26.939 B 57.2% ₱9.429 B
Income Taxes 6.914 B 14.7% 2.420 B
Net Income After Tax (NIAT) ₱20.025 B 42.5% ₱7.009 B

Return on Investment
Total Investor Advances to be Returned: 0.600 B
Net Profit Share (35%) 7.009 B
Total Return to Investor: ₱7.609 B
ROI: 1,268%

Additional Income Opportunity

Investor / Contractor (30% of P11.110 B Const’n Cost) 3.333 B
Total Return on Investment ₱10.942 B
ROI: 1,824%

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 Breakdown of Units to be Constructed (Phases 1&2)
Saleable Ave. No. of No. of Saleable Floor Floor Area to be
Unit Type Bldgs. Units Area (SQM) Constructed (SQM)
Strath House 97 387 30,401 21,222.25
Canyon Villa 98 1,862 53,980 79,967.34
Gorges Villa 14 518 16,100 26,281.08
Glendale Park Residences 8 71 3,266 3,905.00
(Phase 1) Sub-total: 217 2,838 103,747 131,375.67
Strath House 57 228 20,691 14,443.80
Canyon Villa 130 2,470 71,760 106,307.50
Gorges Villa 38 1,406 43,700 71,334.36
Glendale Park Residences 6 50 2,300 2,750.00
(Phase 2) Sub-total: 231 4,154 138,451 194,835.66
Strath House 154 615 51,092 35,666.05
Canyon Villa 228 4,332 125,740 186,274.84
Gorges Villa 52 1,924 59,800 97,615.44
Glendale Park Residences 14 121 5,566 6,655.00
(Phases 1&2) Total: 448 6,992 242,198 326,211.33

Current Selling Price and Construction Cost PSM

Floor Area Selling Price Construction
Unit Type Selling Price
(SQM) Per SQM Cost Per SQM
STRATH HOUSE 90.75 ₱7,311,000.00 ₱80,561.98 ₱25,000.00
CANYON VILLA 29.05 ₱4,503,157.89 ₱155,000.00 ₱30,000.00
GORGES VILLA 31.08 ₱4,817,567.57 ₱155,000.00 ₱30,000.00
GLENDALE PARK RESIDENCES 46.00 ₱6,348,000.00 ₱138,000.00 ₱25,000.00