Eric, not sure how you can say how many houses they can build if you don't know how many workers they have. Remember this project is for workers in the Phillipine Government (not upper class citizens), and the lots and building permits for 20,000 lots are ready to go
These are $10,000 homes, not mansions and they make $4,500 profit on each one. READ BELOW.
FROM YESTERDAY'S PR:
The contract is expected to generate more than US$36 million in
monthly revenues and US$16 million in monthly gross profits, which
will be in addition to any revenues or profits generated by GTMI's
exclusive telecommunication rights or any other BHFC or GTMI revenues
or gross profits.
Construction permits have been issued on approximately 20,000
housing lots on properties owned by BHFC. The homes, which will be
built for the National Police, Armed Forces of the Philippines and the
Department of Interior and Local government. The average sales price
of the houses being constructed will approximate US$10,000, and
generate to BHFC a gross profit of more than 45 percent. Using modular
design and steel construction technology, the houses can be completed
at the rate of 120 per day, or approximately 3,600 per month.
Construction crews have been scheduled seven days per week. |
