ABS-CBN
Villar Land assets valuation falls to P35.7 billion in audited annual report
Villar Land Holdings Corp. has set the audited fair value of its newly acquired properties at P35.7 billion in 2024.
This valuation is a significant decrease from its earlier estimate of P1.37 trillion.
The P35.7 billion assets valuation covers 366.34 hectares of land within Villar City.
Villar Land acquired these properties through the purchase of Althorp Land Holdings, Inc., Chalgrove Properties, Inc., and Los Valores Corp.
An initial appraisal using the income approach yielded the higher estimates, but after consulting with its external auditor, Punongbayan & Araullo, the company opted for the market approach.
The company obtained appraisal reports from SEC-accredited property appraisers to support the fair value measurement based on the market approach.
The audited financial statements disclose the fair value of investment properties at P8.8 billion.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
