Subdivision Development Flashcards

1
Q

The development of land for residential, commercial, industrial, agricultural

A

Real estate development

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2
Q

Process of dividing a parcel of land into two or more resultant lots

A

Subdivision

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3
Q

Shall mean a subdivision plan of a registered lot wherein no street, passageway or open space is delineated in the plan

A

Simple subdivision

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4
Q

Starts from acquisition of property

A

Subdivision development

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5
Q

A term used by HLURB/ DHSUD denoting that a certain developer is engaged in selling activities without the benefit of a license to sell

A

Pre-selling

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6
Q

A term used by a developer/broker which means that the project being sold us not yet ready for occupancy

A

Pre-selling

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7
Q

Authority granted by LGU/DHSUD to develop a subdivision/condominium project

A

Development permit

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8
Q

An approval made by DENR upon applicant’s compliance with the required survey returns

A

Approved survey plan

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9
Q

LTS

A

license to sell

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10
Q

A privilege granted by DHSUD in favor of the owner/developer to sell specific lots within a certain project

A

License to sell (LTS)

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11
Q

Challenges in real estate development

A
  • stringent government regulation
  • red tape
  • “mahirap” “mabagal” “magastos”
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12
Q

Stakeholders (12)

A

-land owner
- developer
- planner/engineer/architects
- financier
-consultant
- contractor
- supplier
- manufacturer
- estate broker/appraiser
- advertiser/endorser
- buyers
- regulators

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13
Q

Example of regulators

A

DHSUD
LGU
DAR
DA
DENR
OBO
DPWH
CAAP
LEC
WD

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14
Q

Top 10 Philippine property developers

A
  • ayalaland
  • megaworld corporation
  • sm prime holdings
  • filinvest land inc.
  • federal land
  • dmci homes
  • robinsons land corporation
  • rockwell land
  • century properties
  • shang properties
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15
Q

Role of DHSUD as a regulator

A
  • Makes the guidelines and policies so that developers are properly guided
  • periodically monitor the projects
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16
Q

2 major laws governing subdivision projects

A
  • Subdivision and condominium buyer’s protective decree (PD 957)
  • Batas pambansa blg. 220
17
Q

Pd 957 mandate
WHEREAS, it is the policy of the State to afford its inhabitants the requirements of _____ and to provide them with ample opportunities for improving their quality of life

A

Decent human settlements

18
Q

Ideal subdivision development (957)

A
  • adequate and potable water
  • good circulation system
  • functional drainage and sewerage system
  • adequate open space with amenities
  • adequate power supply
  • housing
  • free from hazards or risks
  • compliant to standards set by all government agencies
19
Q

Pd 957 implementing agency

A
  • national housing authority (NHA)
  • human settlements regulatory commission (HSRC)
  • housing and land use regulatory board (HLURB)
  • department of human settlement and urban development (DHSUD)
20
Q

BP 220

A

Rules and regulations for economic and socialized housing

21
Q

Bp 22
Price ceiling

A

Economic = 1.7m (h/l)
Socialized
Old price= 450k
Amended price = 480k, 530k, and 580k

22
Q

Related real estate laws

A

NBC
RA 4726
RA 10884
RA 7279
EO 648
EO 71
EO 72
WATER CODE
FIRE CODE
PLUMBING CODE
PD 1216
PD 1517
RA 6652
RA 7160
RA 7899
RA 6657
PD 1586
RA 8763

23
Q

DHSUD’s challenges as a regulator

A

Manpower
Machinery
Money
Pandemic
Workload

24
Q

Innovations

A

-creations of PRLS and EMES
- streamlining of functions
- strategic approach in monitoring
chuchu arang daghana