Wolf Equity Partners · Site Study · August 2026
Lot 2813-B, held by the sponsor's family corporation, for Expanded 4PH. Six buildings of six storeys on platforms cut to follow the contour — the same building as the Iligan site.
Lot 2813-B is a quadrilateral of 15,071 square metres, 157 metres east to west and 148 metres north to south, beside an established residential subdivision. Power and water are available at the boundary.
The land falls 24 metres due south at a mean gradient of 17.8%, deviating only ±1.2 metres from a uniform plane — a cleaner slope than the Iligan site, and equally suited to terraced development.
| Location | Brgy. Indahag, Cagayan de Oro City, Misamis Oriental |
|---|---|
| Lot | 2813-B |
| Area | 15,071 sqm 1.51 ha · 15,000 sqm on record |
| Gradient | 17.8% 24 m fall, due south |
| Elevation | 206 – 230 m |
| Present use | Agricultural |
| Tenure | Family corporation, single title, no encumbrance |
Indicative platform arrangement based on public elevation data; cut, fill, retaining and finished levels are subject to topographic and geotechnical survey.
| Line | Bearing | Distance |
|---|---|---|
| 1–2 | N 73°19' E | 147.42 m |
| 2–3 | N 04°18' E | 105.64 m |
| 3–4 | S 72°01' W | 165.26 m |
| 4–1 | S 04°45' E | 96.99 m |
| Perimeter | 515.3 m |
Bearings to true north in quadrant notation, computed from the registered boundary coordinates. Centroid 8.430094 N, 124.661178 E.
At 17.8% the CARP slope exemption does not apply. Section 10 of RA 6657 exempts land at 18% slope and over; this parcel sits just below that threshold on modelled data. The project therefore proceeds by land use conversion rather than exemption — via the DAR Mass Housing Desk on DHSUD endorsement, under the socialized housing carve-out from the DA reclassification moratorium in Department Circular 11 s. 2026.
The margin is 0.2 percentage points on 30 m public elevation data. The topographic survey should certify average slope in case the parcel certifies above 18%, in which case the exemption route under DAR AO 13 s. 1990 becomes available and conversion is unnecessary.
| Item | Project | Requirement | Note |
|---|---|---|---|
| Unit floor area | 27.0 sqm | 24 sqm minimum | Exceeds by 12.5% |
| Unit type | 2 bedrooms, 1 T&B | — | Living, dining, kitchen, balcony |
| Selling price | ₱1,800,000 | ₱1,800,000 ceiling | At ceiling, above five floors |
| Building height | 6 storeys | — | Above the five-floor tier threshold |
| Site coverage | 28.7% | — | 71.3% open space and circulation |
| Density | 478 units/ha | — | Within mid-rise norms |
| Water supply | 346 m³/day | — | Mains, plus roof harvesting |
| Sewerage | 276 m³/day | — | On-site treatment plant |
| Land classification | Agricultural | Residential required | Conversion to be filed |
Unit size exceeds the programme minimum. Selling price is at the ceiling set under JMC 2025-001, which caps a 27 sqm unit at ₱1.5M in a walk-up of three to five floors and at ₱1.8M above five floors. Land use conversion is the outstanding item.
Six buildings of 60 by 12 metres on six stepped platforms following the contour. Six storeys, 20 units to a floor, 120 units per building — 720 homes of 27 sqm with two bedrooms, one toilet and bath, combined living, dining and kitchen, and a balcony. Identical to the Iligan scheme, so design, tender and supply chain carry across both.
| Buildings | 6 60 m × 12 m footprint |
|---|---|
| Storeys | 6 |
| Units | 20 per floor · 120 per building · 720 total |
| Unit | 27 sqm · 2 bedrooms · 1 T&B · balcony |
| Footprint | 4,320 sqm 28.7% site coverage |
| Platforms | 6 levels, 224.0 m down to 210.0 m |
| Excavation | 1,962 m³ max 0.57 m cut on any platform |
| Levelling instead | ~18,900 m³ roughly ten times |
Character studies are indicative and were produced at four storeys; the reference scheme is six. Massing, building count and storey height are for the development partner's engineer to optimise.
The site falls 24 metres to a single low point at the southern boundary. Stormwater, wastewater and harvested rainwater are handled as one system, conveyed by gravity to treatment and detention works at that point. No pumping is required.
4,320 sqm of roof collects rainfall into cisterns at each building for flushing, laundry and cleaning, reducing draw on the municipal main.
Every platform sits above the works. Storm and foul lines run downhill on natural fall, with no lift stations and no pumping in the operating budget.
On-site plant sized for 276 m³/day, the load from 720 units at four persons and 120 litres per person per day.
Detention at the low point discharges at a controlled rate, so post-development runoff does not exceed pre-development flows downstream.
| Water demand | 346 m³/day 720 units × 4 persons × 120 L |
|---|---|
| Sewerage load | 276 m³/day treated on site |
| Roof catchment | 4,320 sqm |
| Discharge | Controlled release from detention at the southern boundary |
Adding built cover on a sloping site concentrates runoff on land below. Detention at the low point means the development discharges at a controlled rate rather than a peak one. Sizing is to be confirmed by the design engineer against DENR and city drainage standards.
Selling price is fixed at ₱1,800,000 for a 27 sqm unit above five floors. Land is contributed by the sponsor against a share of units, so it is not a cash cost. Three costs are structural; what remains funds construction, soft cost, contingency and the builder's margin.
| Per unit | Amount | Of price |
|---|---|---|
| Selling price | ₱1,800,000 | 100% |
| Less: 8% of units to the sponsor | (₱144,000) | 8.0% |
| Common infrastructure | ₱95,444 | 5.3% |
| Allocation & administration 2% | ₱36,000 | 2.0% |
| Financing 6% | ₱108,000 | 6.0% |
| Available to the partner | ₱1,416,556 | 78.7% |
Break-even construction: ₱37,410/sqm of gross floor area at an 8% sponsor share. Before that allocation the project breaks even at ₱41,213/sqm. Within ₱130 of the Iligan site.
| Partner return | Cost/unit | Margin/unit | On cost | Total |
|---|---|---|---|---|
| ₱28,000/sqm | ₱1,299,688 | ₱356,312 | 27.4% | ₱257M |
| ₱30,000/sqm | ₱1,375,419 | ₱280,581 | 20.4% | ₱202M |
| ₱32,000/sqm | ₱1,451,151 | ₱204,849 | 14.1% | ₱147M |
| ₱34,000/sqm | ₱1,526,883 | ₱129,117 | 8.5% | ₱93M |
| ₱36,000/sqm | ₱1,602,615 | ₱53,385 | 3.3% | ₱38M |
Reading the table. Margin per unit is stated after the sponsor's allocation, so effective revenue is ₱1,656,000 per constructed unit. Totals are that margin across all 720 constructed units, not across the partner's allocated units, which would deduct the sponsor's share twice.
The sponsor's share is a fixed number of units and does not move with construction cost. Every peso saved in building is retained by the builder.
| Common infrastructure | Amount |
|---|---|
| Earthworks | ₱1,965,389 |
| Spine Roads | ₱11,303,250 |
| Stp | ₱32,596,037 |
| Detention | ₱6,028,400 |
| Power Water | ₱10,462,500 |
| Amenities | ₱6,363,961 |
| Total | ₱68,719,537 |
Higher per unit than the Iligan site, because the same treatment plant, roads and amenities are spread across 720 units rather than 960. Earthworks, by contrast, are lower — fewer platforms on a slightly gentler slope.
Allocation and administration is set at 2% rather than a marketing budget — units are allocated from an LGU beneficiary list and financed through Pag-IBIG. Construction cost is deliberately left open; the partner's own number governs.
| Terms | |
|---|---|
| Sponsor contributes | The site, plus entitlement |
| Land ascribed at | ₱3,000/sqm — ₱45,213,000 |
| Land as share of project cost | 4.4% |
| Partner funds | Site works, infrastructure and construction |
| Sponsor takes | 8% of saleable units — 58 of 720 |
| Partner takes | 92% — 662 units |
| Delivery | Pro rata as each building takes out |
| Cost overruns | Partner's account; the sponsor's share is fixed |
| Sponsor's take | ₱104M |
Land at ₱3,000 per square metre is 4.4% of total project cost. That is the floor. The balance of the 8% is for delivering a consented site — conversion, DHSUD endorsement, permits and the beneficiary listing — which puts a partner on site roughly two years sooner than starting from raw land.
No residual profit split, no audit rights and no budget approvals. Once terms are agreed there is nothing further to negotiate during delivery.
One item to settle first. The parcel is held by the sponsor's family corporation rather than personally. A board resolution placing it under the project vehicle is required before signing.
The land is held and the scheme is designed. Entitlement has not begun, and several steps require an accredited developer to be named before they can be filed.
| Item | Detail | Status |
|---|---|---|
| Title | Lot 2813-B, held by the sponsor's family corporation. Not agrarian reform land. | Complete |
| Boundary survey | Traced from the survey file; computes to 15,071 sqm against 15,000 on record. | Complete |
| Scheme design | Terrain modelled, platform levels set, unit and floor plans drawn, infrastructure costed. | Complete |
| Corporate authority | Board resolution placing the parcel under the project vehicle. | Not started |
| Topographic & geotechnical survey | Governs platform levels, earthworks and foundation design. | Not started |
| CLUP zoning certification | Parcel-level, from the City Planning and Development Office. | Not started |
| Land use conversion | Agricultural to residential, via the DAR Mass Housing Desk on DHSUD endorsement. | Not started |
| DHSUD project endorsement | Required before Pag-IBIG developmental loan application. | Not started |
| Development permit | From Cagayan de Oro City, following conversion. | Not started |
| LGU agreement & needs certification | Memorandum on beneficiary sourcing; housing need against the local backlog. | Not started |
| Beneficiary listing | Qualified applicants registered with Pag-IBIG. | Not started |
| Developer accreditation | Attaches to the development partner, not the landowner. | Partner |
Basis of these figures. The boundary is taken from the survey file for Lot 2813-B and computes to 15,071 sqm against 15,000 on record. Terrain is modelled from 30 m public elevation data at 167 points inside the boundary and will be superseded by survey. Infrastructure costs are the sponsor's planning estimates. Construction cost is left open. Gross development value is unit count at the programme ceiling under JMC 2025-001, reviewed at least every two years. Nothing here is an offer; terms are indicative and subject to contract.
One local check outstanding. The 2019–2027 zoning ordinance declared several caves in Taguanao, Indahag as conservation areas. Lot 2813-B sits away from that portion, but the zoning certification should confirm no heritage or conservation overlay attaches.