Rotary guest speaker gives updates on Guam’s real estate marketWritten by Donna De Jesus
Guam - The Rotary Club of Guam’s guest speaker, Siska Hutapea, gave an update on Guam’s real estate market.
Hutapea is the president of Cornerstone Valuation Guam, a real estate valuation and advisory services company. She notes that, because of the increased demand and limited supply due to the H-2B crisis, formerly-abandoned buildings are being sold because the renovations are cheaper and faster.
Hutapea also cites a release from AM Orient Contracting to the Guam Contractors Association on the workforce crisis, which shows a $50 million additional cost to a $100 million project, and a longer completion time.
The Rotary Club of Guam held their meeting yesterday at the Pacific Star Resort and Spa.