The nearby provinces of Metro Manila are sprouting with subdivision and residential villages. Most of them are formerly farm lands that were converted into residential lots. A friend is thinking of getting into that business of buying farm lands in the rural areas to be converted into a subdivision later on. He is now in the process of acquiring investors for that project. The first prospect is a 100 hectare rice field in the boondocks of Laguna. I don't know if it would be successful.