It is common for developers here to look for big lots which they turn into a subdivision or residential village. But some are looking for commercial lots to construct a building on a joint venture arrangement. Lots are now very costly and a 1,000 square meter in the business district is already a fortune. As a piece of advice to land owners, check the market value and for a joint venture, you need to multiply by 3 the value of your land. That would serve as a buffer in case a mall is constructed nearby that would greatly increase the value of land in that area.