Quantcast
Latest Stories

Design Dimensions

How much shelter can P10B build?

By

ZAHA Hadid designs a spaceship-like mansion for supermodel Naomi Campbell and her billionaire boyfriend Vladislav Doronin, who is not a lawmaker, but rather, a real-estate tycoon. The 2,650-square-meter house was built at an undisclosed cost, but estimates certainly run up to the millions of dollars and to billions in our currency.

One of my kasambahays, who is very industrious and quite smart for someone with very little education, just asked for a few thousand pesos in financial assistance in order to fix the roof of their home back in the province. What a stark contrast I thought, to Janet Lim-Napoles’ supposed runaway money of P10 billion, and her need to maintain 28 houses.

For many, the value of P10 billion is incomprehensible. And for the majority, P10 billion is near-mythical, a sum that could only exist in the imagination. As I write this, I work the numbers on a calculator that doesn’t even have enough space for so many zeros. And news broke out that Napoles has turned herself in.

When I hear of some incredible figure like P10 billion, I have the tendency to associate it with the many things it can buy. Top of mind is my food budget for the month. Second would be tuition for the school year. Then come other figures: How many cars? How big of a house? How many months worth of salary for the house help? Then it translates to my work-related sums: How many model units can it fit out? How many square meters of mall space can it build? How many years worth of professional design fees can it pay?

Not a very bad joke

Life is hard, and for people like me who’ve worked tooth and nail for everything we have, the Priority Development Assistance Fund (PDAF) scandal won’t even qualify as a very bad joke. I wonder if the lawmakers know what they all look like from this point of view.

Let’s explore the P10 billion further.

Ten billion pesos will build you a total of 80,000 square meters of floor area for a high-end home. That would be with luxurious finishes like Italian marble for the bathrooms, solid wood floors, some wood paneling here and there, and top-notch imported furniture. The type of house the likes of Napoles and her buddies would like to have, but will not necessarily work hard for. That’s approximately 80 homes with 1,000 sq m of luxury living space each.

Ten billion pesos will buy you roughly 15 of the medium-scale houses in the posh Forbes Park, likely a 3,000-sq-m plot with a 900-sq-m house. Yes, 20 of them that are not the larger ones by Forbes’ standards. It can also buy you around 90 of the smaller houses and lots in the other prime Makati Villages.

For the upper middle class that give their children private school education and manage a few luxuries, P10 billion can build 250 houses with a floor area of 500 sq m each, on a 500-sq-m lot within a gated community.

For those with a little less, P10 billion can build 700 small homes, say a 300-sq-m house on a 350-sq-m lot, not too fancy in quality, but with very decent finishes: concrete and hollow block construction, local marble for floors, homogenous tiles in bathrooms and long span roofing.

For those with even less, P10 billion can buy  4,000 studio units at any of the condos coming up in the metropolis. Yes, 4,000 units of the most popular condo size our OFWs (overseas Filipino workers) have been toiling overseas for, to invest in property and finally have their own small home.

Somewhere in Cavite or Laguna, P10 billion can build 6,000 homes with a floor area of 50 sq m, each of them sitting on a 70-sq-m lot.

Largest beneficiary

On the grassroots level—the class that’s supposed to be the largest beneficiary of the bogus nongovernment organizations (NGOs)—my kasambahay say that it costs somewhere between P30,000 and P50,000 to build their small home on a farm plot in the province. Ten billion pesos could build 200,000 homes. It could have replaced many of the homes in Pampanga and Mindanao that were washed away by monsoon floodwater. It could have built homes in the relocation sites for the city’s illegal settlers. With the same amount of money, we could build 3,000 schoolhouses or nearly 2,000 small hospitals all over the country.

Mulling over what else P10 billion could build, I get flashes of high-rise residential blocks, shopping malls, hotel and casino complexes, and hospitals.

So, as Napoles has now been arrested, I’m eagerly awaiting her story on the bogus NGOs and her bogus friends in government. Meanwhile, I’m going to be pulling out some cash for my inday’s roof, and will be buying a better calculator so I can toy around with the figures of the PDAF. So many digits. And this is supposed to be just the tip of the iceberg.

Contact the author through designdimensions@abi.ph or through our Asuncion Berenguer  Facebook account.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , Design Dimensions , Isabel Berenguer Asuncion , Janet Lim-Napoles , Janet Napoles , pork barrel , pork barrel scam , property , Real Estate

  • UrHONOR

    I wonder what PhP10E9 is equivalent to in PRISON TERMS?

  • RyanF1

    >”As I write this, I work the numbers on a calculator that doesn’t even have enough space for so many zeros.”

    That’s what the Exponential Notation or “EXP” button is there for ma’am. 10 Billion should show on the display as “10 E 9″ for Ten times Ten raised to the Power of Nine or 10 x 10^9.

    • Earl Gates

      What if she’s using a 1970s battery operated palm calculator with 8 digits fluorescent display or let’s say a cheap LCD without a floating point or scientific notation? I have one in 1974 and the LCD in 1979 both were made in Japan. It will just show “E”, means error because many cheap old palm or handheld calculators available during that era have very very little memory and the ALU or Arithmetic Logic Unit built on those calculators cannot handle more than 28 BIT numerical data. The maximum number it can handle or display is 99,999,999 or 101111101011110000011111111 in binary format giving you an ‘E’ result when you do an arithmetic and the answer is equivalent to or greater than 100,000,000.

      • RyanF1

        What if she has an iPhone with a Simple Calculator she doesn’t know can switch into Scientific just by laying it on its side into Landscape Mode? Seriously, it’s like everyone has a Smartphone these days. All with varying quality, but the Calculator App is likely to be similar between makes and models.

  • Zim

    After finishing reading the article I even forgot about the house designed by Zaha Hadid for Naomi Campbell (picture with caption), because I was shocked and my jaw literally dropped with the calculations of houses, condos, and other establishment that could possibly built with 10 billion pesos. My mind started to count how many sacks of rice, liters of milk, yogurt, fruits and vegetables can this amount of money can buy for the nourishment of ordinary Filipinos. Reading the first comment below, I went up again and read the caption on the picture. Seriously, people? Was that more interesting than the article’s message?

  • mightya_i

    The picture of ZAHA Hadid design for Naomi Campbell is ugly!!. Who wants that kind of house when you will not build it in outerspace?

    • King Kong

      Ugly for you maybe but not to Naomi.

      • Earl Gates

        To me also, and I want it built opposite to Villar’s Camella Homes entrance gate with wide perimeter fence and a sophisticated security system.

      • King Kong

        Wag choosy kung di naman yummy. Hehehe.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Bernice Lee arrested by NBI team
  • Group: Bataan cop killed to stop him from exposing colleagues linked to drug ring
  • Chemical Engineer licensure examination
  • Troubled history fuels Japan-China tension
  • Palace: Our concern is to ensure MRT runs smoothly
  • Sports

  • NLEX fights off Derulo Accelero to remain unbeaten
  • Mayweather diehard Bieber eats pride, poses with Pacquiao for photo op
  • Power Pinays rip Singapore to enter quarters in Asian volley tilt
  • PBA D-League: Waves edge skidding Superchargers
  • Ilad’s last-second basket lifts Gems over Bakers
  • Lifestyle

  • Miss America: Don’t suspend teen over prom invite
  • Transitions and resurrection in the performing arts
  • ‘Archaeology tour’ of Cebu’s heritage of faith
  • Historic Fort Bonifacio tunnel converted into a septic tank
  • ‘Imports’ from London, and play of the year
  • Entertainment

  • Arrest warrants out vs. Deniece Cornejo, Cedric Lee, et al over serious illegal detention
  • Lindsay Lohan says she had a miscarriage
  • Discovery network cancels Everest jump
  • ‘Captain America’ stays strong atop US box office
  • Easter musings
  • Business

  • Century Pacific Food sets IPO price at P13.75 per share
  • Oil prices down in quiet Asian trade
  • Asian shares mixed in holiday-thinned trade
  • BDO seen keen on bidding for Cocobank
  • Bataan freeport investment pledges up 1,302%
  • Technology

  • PH has slowest internet in Southeast Asia
  • Nintendo’s trailblazing Game Boy marks 25th anniversary
  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Opinion

  • Gigi’s home
  • Palace stonewalls on MRT inquiry
  • Couple of things too
  • There is plenty of water behind Wawa Dam
  • Triduum thoughts of a young boy
  • Global Nation

  • Balikatan could spoil peace talks, says militant group
  • DFA officers hold workshop on aiding human traffic victims
  • Canada in communication with PH on toxic wastes
  • Filipinos in Middle East urged not to panic amid MERS-CoV scare
  • Obama on mission to quiet Asia skeptics
  • Marketplace