Subdivision Development Flashcards
The development of land for residential, commercial, industrial, agricultural
Real estate development
Process of dividing a parcel of land into two or more resultant lots
Subdivision
Shall mean a subdivision plan of a registered lot wherein no street, passageway or open space is delineated in the plan
Simple subdivision
Starts from acquisition of property
Subdivision development
A term used by HLURB/ DHSUD denoting that a certain developer is engaged in selling activities without the benefit of a license to sell
Pre-selling
A term used by a developer/broker which means that the project being sold us not yet ready for occupancy
Pre-selling
Authority granted by LGU/DHSUD to develop a subdivision/condominium project
Development permit
An approval made by DENR upon applicant’s compliance with the required survey returns
Approved survey plan
LTS
license to sell
A privilege granted by DHSUD in favor of the owner/developer to sell specific lots within a certain project
License to sell (LTS)
Challenges in real estate development
- stringent government regulation
- red tape
- “mahirap” “mabagal” “magastos”
Stakeholders (12)
-land owner
- developer
- planner/engineer/architects
- financier
-consultant
- contractor
- supplier
- manufacturer
- estate broker/appraiser
- advertiser/endorser
- buyers
- regulators
Example of regulators
DHSUD
LGU
DAR
DA
DENR
OBO
DPWH
CAAP
LEC
WD
Top 10 Philippine property developers
- ayalaland
- megaworld corporation
- sm prime holdings
- filinvest land inc.
- federal land
- dmci homes
- robinsons land corporation
- rockwell land
- century properties
- shang properties
Role of DHSUD as a regulator
- Makes the guidelines and policies so that developers are properly guided
- periodically monitor the projects
2 major laws governing subdivision projects
- Subdivision and condominium buyer’s protective decree (PD 957)
- Batas pambansa blg. 220
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
Decent human settlements
Ideal subdivision development (957)
- 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
Pd 957 implementing agency
- national housing authority (NHA)
- human settlements regulatory commission (HSRC)
- housing and land use regulatory board (HLURB)
- department of human settlement and urban development (DHSUD)
BP 220
Rules and regulations for economic and socialized housing
Bp 22
Price ceiling
Economic = 1.7m (h/l)
Socialized
Old price= 450k
Amended price = 480k, 530k, and 580k
Related real estate laws
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
DHSUD’s challenges as a regulator
Manpower
Machinery
Money
Pandemic
Workload
Innovations
-creations of PRLS and EMES
- streamlining of functions
- strategic approach in monitoring
chuchu arang daghana
