Officials of a Canadian real estate company, Edgeworth Properties, yesterday explained the land investment opportunities they are offering in Alberta, Canada.

Edgeworth Properties is a subsidiary of Edgeworth Ventures Inc., a Nevada company publicly traded on pink sheets, NASDQ approved, with headquarters in Toronto, Canada, Francis Fulache, Edgeworth division manager, said at a press conference in Bacolod City yesterday.

Edgeworth is engaged in the "purchase, development and sale of real estate with a primary focus on the oil-rich provinces of Canada," he said.

The firm is developing 160 acres of land south of Redwater in Alberta, and offering it to investors a $39,800 or P1.6 million an acre, Flora Naces Mateo, the Edgeworth, resident representative for the Philippines, said.

One acre covers six units, she added.

Investors can purchase just a unit covering 674.47 square meters at $7,200 Canadian dollar or P300,000, Mateo said.

Fulache said investing in the Alberta land in two to three years could bring a return of investment of 60 percent.

According to the Canadian Ministry of Energy in its 2005-2006 annual report, "Alberta has the second-largest proven oil reserves in the world with 175.3 billion barrels, of which 173.7 billion barrels are bitumen reserves, Fulache said.

Bitumen is a semi-solid form of crude oil, he also said.

Edgeworth gives investors in Asia-Pacific a chance to purchase undivided interests of raw land, value of which will increase steeply as soon as their zoning from agricultural to residential use is completed, he said.

Edgeworth Properties assures investors of a guaranteed rate of return as well as full insurance coverage to secure investments, he said.

Edgeworth Properties is present in Singapore and Malaysia and here in the Philippines, the office is in FGU-Center at Ayala Cebu, Business Park with contact nos. (63 32) 231-3368 / 233-3956 / 233-3958/231-3308. Visit Edgeworth Properties at www.edgeworthpropertie.com.*CPG

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