embarcadero de legazpi location victory...
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� EMBARCADERO DE LEGAZPI Location Victory Village, Legazpi City
Land Area 15.477 hectares
Accessibility
2-5 min. travel from the city proper along a concrete first class national road & a 10-minute drive from the city’s airport and bus terminal. Strategically located beside the Legazpi Baseport. Also accessible by PUJ, PUB, taxi, tricycle & private cars.
Topography Reclaimed area along Albay Gulf, at the foot of Kapuntukan Hill
Other Features
> A 24/7 operational well-master planned Information Technology and Modern Trading Hub in a sea front Environment > Registered by PEZA as an Economic-Tourism Zone with IT Component > Hosts locators engaged in commercial, recreational, residential, office, medical, hotel, telecommunication, education and export trading services
Land Owner/Developer Embarcadero Land Ventures, Inc.
Project Status Open for Business
Contact Details
Manila Office: Unit 1109 Tektite West Tower, PSE Centre Ortigas Center, Pasig City Tel Nos. 0632-6373357/6347790 Or visit www.embarcadero.ph
Collage courtesy of Mr. Dex Baldon
Contact Details:
City Planning & Development Office (052) 8206075, 8202927
E-Mail ID: lleeggaazzppiibbllaasstt@@ggmmaaiill..ccoomm
Website: wwwwww..lleeggaazzppiicciittyy..iinnffoo
Investment Promotion Center (052) 4804835
Permits & Licenses Division (052) 8206603
CCPPDDOO--RREESSDD
June 2011
A. BUSINESS/INVESTMENT GROWTH
1. Registered Establishments Year Number
2010 2,853
2009 2,854
2008 3,169
2007 3,037
2006 2,543 Source: Permits & Licenses Div., CMO, as of December 2010
2. New Building Construction Year Res. Comm. Inst. Ind. Others Total
2010 101 111 6 0 48 266
2009 91 115 5 0 89 300
2008 94 79 10 0 67 250
2007 104 88 11 6 28 237
2006 94 70 3 0 10 177
Source: City Engineer’s Office, 2010 Note: Others include fencing, towers, signages, etc.
B. DYNAMISM OF THE LOCAL ECONOMY 1. Internal Market Size
Population (NSO 2007) - 175,843 No. of Households (NSO 2007) - 35,487
Expenditure Pattern: (BSES Survey 2003) Food 51.24% Electricity 3.96%
Transport 9.80% Medical 3.14%
Education 6.20% Clothing 2.43%
2. Market Reach Area Population No. of HH
Bicol Region 5,106,160 891,541*
Albay Province 1,187,185 237,356
Legazpi City 175,843 35,487
Source: NSO Census 2007
3. Banking Institutions Type of Bank Number
Universal Bank 13
Commercial Bank 5
Savings & Thrift Bank 5
Rural Bank 4
Specialized Government Bank 2
Source: CPDO-Zoning Unit, 2010 4. Fastfood Chain Locators
Name of Fastfood Chain Location
Bigg’s Diner Cor . Rizal & Ma. Clara Streets
Bigg’s Diner Pacific Mall
Bigg’s Diner Embarcadero de Legazpi
Chowking Pacific Mall
Jollibee Cor. Rizal & Ma. Clara Streets
Jollibee Pacific Mall
Jollibee LCC Metro Mall
Graceland Cor. Rizal & Aguinaldo Streets
Graceland Pacific Mall
Quick n Hearty Rizal Street
� BICOL REGIONAL AGRI-INDUSTRIAL CENTER (BRAIC) Location Homapon, Legazpi City
Land Area 57 hectares (0.57 sq. km.)
Accessibility
12-15 min. travel from the city proper along a concrete first class national road & 1.5 km. away from Polique Bay. Accessible by PUJ, PUB, taxi, tricycle & private cars.
Topography
Moderately rolling topography with the highest elevation of 80 meters above mean sea level and the lowest is 10 meters above mean sea level
Other Features
BRAIC will cater to light to medium labor intensive industries that shall make use of abundant supply of indigenous local materials, like: Sweet potato processing, coconut by-product processing, perlite processing, marble processing, ceramics, sulfuric acid processing, fish and meat processing, gypsum, plaster of paris processing, silica processing, industrial salt processing, ice plant and cold storage; pulp, paper & paper board manufacturing & foundry
Land Owner/Developer Homapon Agri-Industrial Estate, Inc.
Project Status Project developer is in its master plan preparation
� FIRST LEGAZPI INDUSTRIAL ESTATE (FLIE) Location Homapon, Legazpi City
Land Area 30-300 hectares (0.30-3.0 sq. km.)
Accessibility
15-20 min. travel from the city proper. part of the area is along a concrete first class national road & 2.5 km. away from the Polique Bay. Accessible by PUJ, PUB, taxi, tricycle & private cars.
Topography Rolling to moderately sloping ranging from 5-100
Other Features
As planned, the project components are: 1. Tourism – Minoro Island & Polique Bay: aqua sports, cottages resort hotel & restaurant, swimming pool, etc. 2. Park and social areas 3. Commercial/General Services 4. Industrial Area
Land Owner/Developer MMEVS Builders Tagaytay City
Project Status In the pipeline
LEGAZPI CITY INDUSTRIAL ESTATES
� CITY LIGHT INDUSTRIAL PARK (CLIP) Location Bogtong, Legazpi City
Land Area 25 hectares (0.25 sq. km.)
Accessibility 5-10 min. travel from the city proper along a concrete first class national road & 4 km. away from Legazpi Baseport. Accessible by PUJ, PUB, taxi, tricycle & private cars.
Topography Relatively flat
Other Features
> Subdivided industrial and commercial lots ranging from 0.20-2.0 hectares > Road network & power/water/ telephone services > Caters to light industries, commercial & warehousing activities > Ready-mixed concrete & crushed aggregates available for construction
Present Locators
> Consolidated Industrial Gases Inc. (CIGI) > Petron Super Gas Station > World’s Best Gas > Ligñon Hill Memorial Chapel
Land Owner/Developer Tuanzon Builders Corporation Legazpi City
Project Status On-going
� LEGAZPI CITY SPECIAL ECONOMIC ZONE (LCSEZ) Location Sitio Caridad, Banquerohan, Legazpi City
Land Area 33.1318 hectares (0.331318 sq. km.)
Accessibility 20-25 min. travel from the city proper along a concrete first class national road & 1.5 km. away from the Albay Gulf. Accessible by PUJ, PUB, taxi, tricycle & private cars.
Topography Rolling & moderately sloping ranging from 5-150
Other Features
> 47 subdivided lots at 0.50 hectare > Light to medium industries preferred > Duly converted from agricultural to non-agricultural uses > Presidential declaration as Legazpi City Special Economic Zone (LCSEZ) approved on June 9, 1998
Land Owner/Developer City Government of Legazpi
Project Status Looking for developer
Name of Fastfood Chain Location
McDonald’s Pacific Mall
Greenwich Pacific Mall
Max’s Restaurant Pacific Mall
Shakey’s Pizza Pacific Mall
Colonial Grill Restaurant Pacific Mall
Mang Inasal Kawit-East Washington
Mang Inasal Pacific Mall
Mang Inasal Embarcadero de Legazpi
Binalot GTS Building, Ilawod
Pares King Kap. F. Aquende Dr., Bagumbayan
Tapa King Embarcadero de Legazpi
Dunkin Donuts Pacific Mall
Dunkin Donuts Cor. Rizal & F. Imperial Streets
Dunkin Donuts LCC Metro Mall
Mister Donut Pacific Mall
Mister Donut LCC Metro Mall
Source: CPDO-Zoning Unit, December 2010
5. Investments Major Industry Group Amount (in P Million)
Agriculture, Hunting & Forestry 3.776
Fishing 0.327
Mining and Quarrying 2.280
Manufacturing 3.172
Electricity, Gas & Water 0.050
Construction 7.562
Wholesale & Retail Trade 105.846
Hotels and Restaurants 60.728
Transportation, Communication and Storage 22.147
Finance Intermediation 11.929
Real Estate, Renting and Business Activities 0.180
Education 0.270
Health and Social Work 15.802
Other Community, Social & Personal Services 43.534
Total 277.603
Source: Department of Trade & Industry ROV, 2003
6. Increase in Local Revenues Year Total Collections (P) % Annual Increase
2010 632,483,667.74 10.74
2009 571,145,987.16 23.85
2008 461,153,514.03 16.80
2007 394,824,408.41 2.04
2006 403,039,785.21 4.77 Source: City Treasurer’s Office, 2006- 2007 and City Accountant’s Office, 2008-2010
7. Number and Type of Vehicles Type Private For Hire Govt. Total
Cars 2,062 114 17 2,193
Utility Vehicles 3,734 1,307 312 5,353
Trucks 812 136 51 999
Buses 8 53 3 64
Motorcycles/Tricycles 10,480 2,946 74 13,500
Trailers 26 10 0 36
Total 17,122 4,566 457 22,145 Source: LTO-Legazpi District, 2006
C. INFRASTRUCTURE
1. Road Network Type of Surface Length (kms.) Type of Administration Length (kms.)
Asphalt Overlay 18.5302 National 70.2194
Concrete 161.2513 City 47.6591
Asphalt 8.9430 Barangay 113.7151
Unpaved 42.9591 Total 231.5836
Total 231.5836 Source: City Engineer’s Office, 2010
Source: City Engineer’s Office, 2010
2. Traffic Profile Average Travel Time (within the City) - 25 mins.
Mode of Travel (within the City) % of Daily Traffic Flow % of Passenger Cap.
Private Cars & Vehicles 27.66 31.22
Public Utility Vehicles 6.42 28.97
Bus 0.29 4.08
Motorcycles 60.96 34.41
Trucks & Trailers 4.67 1.32 Source: CPDO Estimates, 2006
3. Power Service Provider - Albay Electric Cooperative
Type of User No. of Connections Percentage
Residential 182,591 93.63
Commercial 8,446 4.33
Industrial 730 0.37
Public Buildings 2,359 1.21
Street Lights 894 0.46
Total 195,020 100.00 Source: ALECO, 2006
4. Water Service Provider - Legazpi City Water District (LCWD) Annual Increase in Connections - 1.67%
Total Daily Production - 16,898 cu. m. Sources of Water - Natural springs
Type of User No. of Connections Percentage
Residential 16,978 92.26
Commercial/Industrial 1,165 6.33
Institutional/Government 260 1.41
Total 18,403 100.00
Source: LCWD, 2009
5. Communication Telephone-to-Household Density - 1:4
Telegraph Service Providers - RCPI-Bayantel, PT&T
Telephone Service Provider Total No. of
Subscribers Market Share
ICC/Bayantel 3,830 44.16%
Digitel 4,843 55.84%
PLDT (new player)
Total 8,673 100.00%
Source: NTC ROV, 2011
Type Rate (P)
Legazpi-Pob. Rapu-Rapu 50.00-70.00
Legazpi-Malobago 60.00-90.00
Legazpi-Sta. Barbara 75.00
Legazpi-Carogcog 75.00
Legazpi-Batan Island 60.00-70.00
Legazpi-Caracaran 35.00-50.00
Legazpi-Liguan 40.00
Legazpi-Mancao 40.00
Legazpi-Tinocawan 35.00
Legazpi-Manila 35.00-40.00
Legazpi-Misibis 35.00 Source: Transport Service Providers & MARINA ROV, 2007
H. RESPONSIVENESS OF THE LGU No. of Days Required to Secure Business Permit - 1 day
(Documentary requirements should be complied with w/in 90 days from release
of permit)
No. of Government Employees per 1,000 pop. - 3
Computer to Bureaucrat Ratio - 1: 7 Existence of Land Use Plans - Comprehensive Land Use Plan
- Zoning Ordinance
Percentage of IRA to LGU Revenue:
Particulars 2005 2006 2007
Tax Revenues 78,865,933.31 78,914,893.43 81,426,833.43
Non-Tax Revenues 8,167,847.07 13,198,592.11 13,810,056.89
Govt. Business Operations 16,762,873.96 22,242,269.51 22,013,946.64
Miscellaneous Revenues 3,947,111.96 3,338,324.81 1,897,176.62
Total Local Rev. 107,743,766.30 117,694,079.86 119,148,013.58
Total IRA 202,641,523.00 260,001,121.40 259,822,104.00
Total
% of IRA to Total
Revenues 65.29% 68.84% 68.56%
Source: City Treasurer’s Office, 2005-2007
Particulars 2008 2009 2010
Tax Revenues 98,143,524.91 125,852,900.48 138,125,645.44
Operating & Misc. Rev. 25,482,467.74 25,442,454.85 26,763,912.35
Receipts from Econ. Ent. 15,318,412.96 14,527,287.83 15,700,657.44
Total Local Revenues 138,944,405.61 165,822,643.16 180,590,215.23
Total IRA 281,655,497.10 331,377,456.00 360,843,541.00
Total Revenues 420,599,902.71 497,200,099.16 541,433,756.23
% of IRA to Total
Revenues 66.97% 66.65% 66.64%
Source: City Accountant’s Office, 2008-2010
7. Power
Description Residential Commercial Industrial Institutional Street Lights
BASIC RATES 6.9216 5.9560 5.6027 5.8492 7.5695
Source: Albay Electric Cooperative, January 2010
8. Water Type of Use Rate (P)
Residential /Government
> Minimum (10 cu.m.) 217.00
> Commodity Charge
11-20 cu.m. 23.90
21-30 cu.m. 26.75
31-40 cu.m. 30.10
41 up 33.85
Commercial/Industrial
> Minimum (10 cu.m.) 434.00
> Commodity Charge
11-20 cu.m. 47.80
21-30 cu.m. 53.50
31-40 cu.m. 60.20
41 up 67.70
Commercial A-C
> Minimum (10 cu.m.) 271.25 - 379.75
> Commodity Charge
11-20 cu.m. 29.85-41.80
21-30 cu.m. 33.40-46.80
31-40 cu.m. 37.60-52.65
41 up 42.30-59.20
Wholesale/Bulk
> Minimum (10 cu.m.) 651.00
> Commodity Charge
11-20 cu.m. 71.70
21-30 cu.m. 80.25
31-40 cu.m. 90.30
41 up 101.55 Source: Legazpi City Water District, Effective June 2010
9. Transport Type Rate (P)
AIR: Philippine Airlines (PAL) Legazpi-Manila With Promo Fares (once daily)
Cebu Pacific Legazpi-Manila*, Legazpi-Cebu With Promo Fares (thrice daily)*, TThS
Air Philippines Legazpi-Manila With Promo Fares (once daily)
Zest Air Legazpi-Manila With Promo Fares (once daily)
LAND: BUS Legazpi-Manila
Air-conditioned 650.00-1,200.00
Ordinary 357.00
CAR*/VAN RENTAL: Legazpi to any point in Albay/Outside Albay 3,000.00 pd (all in)*/4,000.00 pd (all in)*
Legazpi-Manila (overnight) 16,000.00 (excl. fuel)
Legazpi-Naga (1 day) 5,000.00 (excl. fuel)
CARGO TRUCK (10 Wheeler):
Legazpi-Manila 9,000.00-13,000.00
RAIL: Legazpi-Manila
Aircon (Recline/Non-Recline) 383.00/335.00
Economy 283.00
SEA: Legazpi-Lagundi 40.00-60.00
Legazpi-Bogtong 55.00-60.00
Legazpi-Dapdap 55.00-65.00
6. Internet Service
Internet Service Providers with Dial-up Services - Bayantel, Nitro
Internet Service Providers with DSL Services - Digitel, Bayantel, Smart, Globe, PLDT* Note: * New Source: CPDO, 2011
7. Print and Broadcast Media No. of Local Dailies/Newspapers - 8
No. of Radio Stations - 15
No. of Television/Cable TV Stations - 1/3 Source: Phil. Information Agency-Albay, 2009
8. Postal and Courier Services Postal Service Provider - Phil. Postal Corporation (6 POs)
No. of Courier/Cargo/Trucking Service Companies - 19 Source: PhilPost ROV & CPDO-Zoning Section, 2009
D. LINKAGES AND ACCESSIBILITY
1. Access to Manila and other Parts of the Country
Mode of
Transport Location of Port/Terminal
Approx. Dist./
Travel Time from the
City Center to Station
Frequency of
Trips
Air Legazpi City Airport, Cruzada 3.00 kms/15 mins. Daily
Water Legazpi Base Port, Sabang 1.50 kms/5 mins. Daily
Rail Legazpi PNR Terminal, PNR-Peñaranda 0. 85 km./5 mins. Daily
Land Legazpi Integrated Public Terminal, Bitano 1.00 km./5 mins. Daily
Source: CPDO, 2010
2. Access to Other Parts of Bicol (Land) Vehicle Type Location of Terminal Origin/Destination
Bus Legazpi Integrated Public Terminal 1st District of Albay, 2nd District of Albay,
3rd District of Albay, & Other Bicol Provinces
Jeepney Legazpi Integrated Public Terminal 1st-3rd Districts of Albay
Vans Legazpi Integrated Public Terminal 1st-3rd District of Albay & Other Bicol Provinces
Source: CPDO, 2010
E. HUMAN RESOURCE ENDOWMENT
1. Literacy and Educational Institutions
Literacy Rate - 97.78% (CPDO Estimates, 2003)
Participation Rates, SY 2009-2010: Elem. - 75.39
H. S. - 36.79
Median Years of Education Educational Level No. of Institutions, Public No. of Institutions, Private
Day Care/Pre-School 41 22
Elementary 42 15
Secondary 13 14
Technical/Vocational 1 14
Tertiary 1 14
Special Edcuation Center 1 Source: DepED-City & CPDO, SY 2009-2010
2. Availability of Skilled Manpower
% of Population w/ College degree – 98.00 per 1,000 pop. Number of Graduates, SY 2003-2004
Educational Level Number of Graduates
Technical/Vocational 6,112
Tertiary 17,439
Post-Baccalaureate 576
Others: Pre-Baccalaureate 731
Total 24,858 Source: CHED ROV & CPDO Estimates, 2004
F. QUALITY OF LIFE
1. Housing No. of Urban Settlers
(along PNR active lines only) - 882 HHs
Residential Subdivisions, Total No. - 108 Total Area - 232 has.
No. of Lots - 10,819 Source: UPAO & CPDO, June 2005
2. Health Number of Hospitals - 8
Number of Hospital Beds - 537
Number of Medical Clinics 101 Number of Medical Laboratories - 17
Number of Health Officers
(Government only) - 77
Child Mortality Rate - 6.30/1000 pop. Malnutrition Rate (2010) - 8.34
Source: City Health Office & CPDO-Zoning Section, 2010
3. Salaries and Wages-Minimum Wage Rates Sector Rate (P)
A. Non-Agriculture
A.1 Establishments
> Employing more than 15 workers 247.00
> Employing 11-15 workers 234.00
> Employing not more than 10 workers 216.00
A.2 Cottage/Handicraft
> Employing 20 or more workers 222.00
> Employing less than 20 workers 212.00
B. Agriculture
B.1 Plantation 225.00
B.2 Non-Plantation 205.00 Source: RTWB, Wage Order No. RBV-14, September 2010
4. Telephone Services
Charges Bayan
Telecommunications
Digital
Telecommunications
1. Residential
> Installation Charge P1,550.00 P500.00
> Minimum Monthly Bill P449.00-699.00 P350.00
2. Commercial
> Installation Charge P 1,550.00 P500.00
> Minimum Monthly Bill P599.00 (local) P599.00
3. Institutional/Government
> Installation Charge P1,550.00 P500.00
> Minimum Monthly Bill P 799.00 (Bicol-wide) P599.00
4. Domestic Direct Dial Charges per min. P3.50-6.60 P 4.00
5. International Long Distance Call Charges $ 0.40 (min.) $ 0.10 (min.)
Sources: Private Telephone Companies, January 2009
5. Internet Services Type of Service Rate (P)
Rent per Hour at Internet Cafes/Shops P 10.00-35.00
ISP Dial-up Rates per Month P 599.00-1,500.00
DSL Lines P 990.00-5,477.54
Sources: Internet Service Providers, 2010
6. Fuel Cost
PETRON Cost (P)
per liter SHELL
Cost (P)
per liter CALTEX
Cost (P)
per liter SEA OIL
Cost (P)
per liter CQ
Cost (P)
per liter
Gasoline,
Premium 49.18
Gasoline,
Premium 49.18
Gasoline,
Premium 49.09
Gasoline,
Premium 48.68
Gasoline,
Premium 49.09
Gasoline, Unleaded
40.66 Gasoline, Unleaded
48.68 Gasoline, Unleaded
48.68 Gasoline, Unleaded
48.16 Gasoline, Unleaded
48.68
Gasoline,
Regular 40.47
Gasoline,
Regular 40.60
Gasoline,
Regular 40.47
Gasoline,
Regular 40.47
Gasoline,
Regular 40.47
Diesel 34.00 Diesel 34.00 Diesel 34.00 Diesel 34.00 Diesel 34.00
Kerosene/
Gaas 40.05
Kerosene/
Gaas -
Kerosene/
Gaas 41.05
Kerosene/
Gaas -
Kerosene/
Gaas 41.00
LPG 640.00 LPG - LPG - LPG - LPG 639.00
Sources: Gasoline Stations, March 2010
A r e a Rate (P)
> Riceland, Irrigated, 1st Productivity Class 70,000.00
> Riceland, Irrigated, 2nd Productivity Class 57,400.00
> Riceland, Irrigated, 3rd Productivity Class 43,750.00
> Riceland, Unirrigated, 1st Productivity Class 30,100.00
> Riceland, Unirrigated, 2nd Productivity Class 22,400.00
> Riceland, Unirrigated, 3rd Productivity Class 17,500.00
> Abaca Land, 1st Productivity Class 33,500.00
> Abaca Land, 2nd Productivity Class 24,300.00
> Abaca Land, 3rd Productivity Class 15,200.00
> Citrus Land, 1st Productivity Class 35,000.00
> Citrus Land, 2nd Productivity Class 28,500.00
> Citrus Land, 3rd Productivity Class 22,500.00
> Nipa Land, 1st Productivity Class 16,210.00
> Nipa Land, 2nd Productivity Class 11,200.00
> Nipa Land, 3rd Productivity Class 8,110.00
> Nipa Land, 4th Productivity Class 6,490.00
> Corn Land, 1st Productivity Class 52,400.00
> Corn Land, 2ndProductivity Class 40,000.00
> Corn Land, 3rd Productivity Class 28,000.00
> Corn Land, 4th Productivity Class 16,000.00
> Fish Pond, 1st Productivity Class 147,000.00
> Fish Pond, 2nd Productivity Class 122,500.00
> Fish Pond, 3rd Class 98,000.00
> Banana Land, 1st Productivity Class 18,000.00
> Banana Land, 2nd Productivity Class 9,000.00
> Banana Land, 3rd Productivity Class 6,000.00
> Orchard, 1st Productivity Class 18,000.00
> Orchard, 2nd Productivity Class 14,000.00
> Orchard, 3rd Productivity Class 10,000.00
> Seasonal Crop Land, 1st Productivity Class 25,000.00
> Seasonal Crop Land, 2nd Productivity Class 23,000.00
> Seasonal Crop Land, 3rd Productivity Class 21,000.00
> Pilli Land 55,000.00
> Pasture/Uncultivated Land 10,000.00 Source: City Assessor’s Office, as of the latest revision in 2004
2. Building and Space Rental Rates Type of Bldg./Space Min. Rate per sq. m. /month Max. Rate per sq. m. /month
O l d P 49.00 P 63.00
N e w P 62.00 P 109.00 Source: DPWH-Bldg. Services Unit, 2006
3. Peace and Order Strength of Police Force - 121
Policeman-to-Population Ratio - 1: 1,463
No. of Police Precincts - 2
No. of Accredited Security Agencies - 7 Crime Statistics and Solution Efficiency:
Type of Index Crime Crime Incidence
Index Crimes
Crimes Against Persons 34
Crimes Against Property 49
Non-Index Crimes
Violation of special laws & illegal drugs 25
TOTAL INDEX CRIMES 83
TOTAL NON-INDEX CRIMES 25
GRAND TOTAL 108
NO. OF CRIMES FILED IN COURT 94
CRIME RATE 4.78
CRIME SOLUTION EFFICIENCY 87.00 Source: PNP-Leg., 2006
4. Rest and Recreation No. of Hotels/Inns - 44
No. of Museums - 2 No. of Parks and Plazas - 7
No. of Sports Facilities - 8
No. of Resorts - 3
No. of Cinemas - 5 No. of Cockpit Galleries - 1
No. of Lotto Outlets - 7 Source: CPDO, 2008
G. COST OF DOING BUSINESS
1. Cost of Land A r e a Rate (P)
RESIDENTIAL (per sq.m.)
> First Class 1,920.00
> Second Class 1,300.00
> Third Class 900.00
> Fourth Class 630.00
> Fifth Class 350.00
COMMERCIAL (per sq.m.)
> First Class 9,000.00
> Second Class 7,500.00
> Third Class 3,800.00
> Fourth Class 3,000.00
> Fifth Class
AGRICULTURAL (per hectare)
> Coconut Land, 1st Productivity Class 24,500.00
> Coconut Land, 2nd Productivity Class 17,500.00
> Coconut Land, 3rd Productivity Class 10,500.00