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