The project is aimed at providing low cost apartment rentals for students and working individuals in the immediate area. Since its located near schools, colleges, and government offices.
We currently have a 400 sqm lot in a prime location in Metro Manila with three run down apartments on it. We're looking at developing it for a 30 unit 3 floor low cost apartment complex. But as of the moment we don't have the financial capacity to do so. I've tried the traditional route of getting funding but could not secure any. Short of selling the lot which has been in our family for years and the place where I grew up. I've turned to crowd funding to see if anyone would like to help with the project.
A friend of mine is already operating several of these across the metro and outlying provinces and its a good business model. I've also talked with his developer and got a quote and building timelines for the project.
If ever you're in Quezon City in Metro Manila and need a place to stay just let me know and I'll reserve a unit for you :)