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Tan invests in new boutique property developer

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Asia Brewery Inc. president Michael G. Tan has teamed up with real estate veterans to invest in an upstart real estate developer focused on vacation homes that can generate recurring passive income. | Philbizwatcher /PDI

Each vacation home at Aya Hills, a partnership with the Ledesma group, will have a footprint of 100 to 110 square meters and comes with its own plunge pool. Turnover is expected after 24 months.

Havitas is targeting to capture upwardly mobile investors within the 20 to 40 age group, or the GenZ and millennials, Mañalac said. The Havitas partners: From left Erwin de Pedro, Robin Karlsen, Jonathan Caro, Alejandro Manalac, Michael Tan

 

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Michael Tan invests in property companyBusiness tycoon Michael Tan has invested in a real estate developer focused on vacation homes that can generate recurring passive income, riding on rosy prospects for Philippine tourism. | Philbizwatcher
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