HLURB to tighten rules to stop pre-selling scams—Binay

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Vice President Jejomar Binay. INQUIRER FILE PHOTO

MANILA, Philippines – Vice President Jejomar Binay on Monday said that the Housing and Land Use Regulatory Board (HLURB) would impose stricter guidelines for real estate developers, brokers and contractors.

Binay said the move was prompted by complaints that developers are not following rules on requisite permits.

“Some developers offer attractive and lower prices and incentives to prospective buyers during the pre-selling stage,” Binay said.

“This is done to ensure a successful marketing strategy while at the same time avoiding paying a premium for the cost of developing and completing the project.”

Binay said that in HLURB Chief Executive Officer Antonio Bernardo’s meeting with Subdivision and Housing Developers Association (SHDA) officers, the official noted that some developers market housing units even without full compliance with certain HLRB requirements.

Presidential Decree (PD) 957, also known as the Subdivision and Condominium Buyer’s Protective Decree, requires project developers, owners, and dealers to obtain a license to sell from HLURB before selling any subdivision lot or condominium unit.

HLURB is an agency tasked with regulating the real estate industry.

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  • http://www.facebook.com/mhar.vega Mar Vega

    MOVENA S. CU -ikaw ang EVP ng PAN ASIA INTERNATIONAL..SAN MU DINALA ANG PERA??????

    RICHARD FERNANDEZ- IKAW ANG MARKETING MANAGER, ALAM MU NA NANLOKO ANG MGA BOSS MU…

  • http://www.facebook.com/mhar.vega Mar Vega

    VP BINAY TAKE ACTION ON YOUR AGENCIES that you head …….MADAMI NG NABIKTIMA ANG MGA KAWAWANG PUBLIC- di namin pinulot ang pinambayad namin dun,pinaghirapan namin yan bilang isang ordinaryong tax payers….

  • http://www.facebook.com/mhar.vega Mar Vega

    REPUBLIC
    OF THE PHILIPPINES )       

    CITY
     OF MANDALUYONG           ) SS.

     

    AFFIDAVIT-COMPLAINT

     

    I,   MARCIAL C.
    VEGA, Filipino, of legal age, single, a resident of 136-F Apartment, San Miguel
    St. Bgy. Plainview, Mandaluyong City, do hereby depose and say:

     

    1. That I was one of the condominium unit installment
    buyers of Pan Asia International Sunshine Garden, Inc. for which I had already
    paid the total amount of Two Hundred Seventy Four
    Thousand Five Hundred Sixty Pesos  (Php 274,560.00); that attached hereto and made integral parts hereof
    as Annexes A, A-1. A-2 and A-3 are proofs of my payments; that the condominium
    project referred to here is located at Arayat corner Cordillera Streets,
    Barangay Highway Hills, Mandaluyong City; that the construction of the
    condominium building started sometime in the early part of 2010, the same year
    when I started paying my supposed amortizations or installments for the subject
    condominium unit, denominated as Unit Number 525.

                                                                                                                          
                                                               

    2. That to my surprise and to that of the other unit
    buyers, the construction works in the above-mentioned condominium project
    stopped in the first quarter of 2011 and never resumed; that, as a matter of
    fact, the interior materials of the unfinished structure like the steel bars
    are now exposed to the elements and are likely to deteriorate;

     

    3. That worried about the money which I had invested,
    I followed up the matter several times in the office of the said Pan Asia
    International Sunshine Garden, Inc. which was first at the Unionbank Plaza
    along Meralco Avenue corner Onyx Street, Ortigas Center, Pasig City, but which
    was later on transferred to the Ground floor of the Sunshine Garden Condominium
    1, also located along Arayat corner Cordillera Streets, Barangay Highway Hills,
    Mandaluyong City; that in my follow ups, all that I would hear from the
    employees of Pan Asia International Sunshine Garden, Inc. were excuses about
    materials and supplies having not yet arrived from overseas; that one proof of
    the said excuses was the letter of Richard B. Fernandez dated April 11, 2011
    addressed to all buyers in general, a copy thereof being hereto attached and
    made an integral part hereof as Annex B; that after several months, I had
    observed that there was no indication that construction would resume and that
    because of the same, I made several oral demands for the return of whatever I
    had paid; that despite those demands, I had not been refunded by Pan Asia International
    Sunshine Garden, Inc. of my payments; that I also know for a fact that the
    other buyers demanded of their refunds both orally and in writing but all those
    went into naught as the officers and employees of Pan Asia International
    Sunshine Garden, Inc. did not take initiative or did not show any intention to
    make the refunds; that, hence, I find no reason to send a written demand
    particularly in view of the fact that access to the officers and employees of
    Pan Asia International Sunshine Garden, Inc. had become difficult and even
    impossible; that the above-mentioned office of Pan Asia International Sunshine
    Garden, Inc. situated in Barangay Highway Hills, this City, had already closed
    in the latter part of last month, April 2012;

     

    4. That I am executing this AFFIDAVIT-COMPLAINT to
    attest to the truth of the foregoing facts for the purpose of my filing a
    criminal complaint or complaints for estafa and/or for whatever appropriate
    criminal charges against whoever are responsible or accountable for the fraudulent
    acts which were committed against me and my co-buyers, including the
    following  persons:

     

    [a] the President of Pan Asia International Sunshine
    Garden, Inc., represented by a certain Ye Guo Lin, a Chinese citizen, of legal
    age, whose last known address was No. 150 Boardwalk Tower, Metropolitan Park,
    Roxas Boulevard, Pasay City, who is nowhere to be found,

     

    [b] the Treasurer and Chief Finance Officer of Pan
    Asia International Sunshine Garden, Inc., Huang Xin Yu, also a Chinese citizen,
    of legal age, who had his last known address at Capinpin Place, San Antonio,
    Pasig City, as appearing in the records of the Securities and Exchange
    Commission, evidenced by the attached Annex C, and/or at the City & Land
    Mega Plaza, ADB Avenue, Ortigas Center, Pasig City,

     

    [c] the Executive Vice-President for Marketing of Pan
    Asia International Sunshine Garden, Inc., Movenah Sun Cu ( a.k.a,  Movena Cu), a Filipino citizen, of legal age,
    whose address as per the records of the Securities and Exchange Commission is
    Unit C-2, City Garden Townhouse, Jalandoni Compound, Pasay City, who actually
    initiated or caused the commission of the simulated sale it being a fact that
    there was really no condominium unit to speak of or which I could expect to be
    delivered to me or to any of my co-buyers,

     

    [d] the Marketing Manager of Pan Asia International
    Sunshine Garden, Inc., Richard B. Fernandez, Filipino, of legal age, whose last
    known business address was at that of Pan Asia International Sunshine Garden,
    Inc., Ground Floor, Sunshine Garden Condominium, Arayat corner Cordillera
    Streets, Barangay Highway Hills, Mandaluyong City, and

     

    [e] all others who will or who may appear criminally
    responsible and/or guilty as will be later on found to be so criminally
    responsible and/or guilty by the Office of the City Prosecutor of Mandaluyong
    City, and as the proof and evidence will show;

     

    5. That the actual damage suffered by me and caused
    unto me by the named respondents and by whosoever else will be found guilty and
    responsible thus amounts to the above Php 274,560.00;  that aside from the aforesaid actual damage, the
    misdeeds, misdemeanors and/or felonious acts of the respondents and their
    cohorts, if there would be, have caused me sleepless nights, wounded feelings,
    unnecessary inconvenience, serious anxiety and other injuries for which I am
    entitled to recover moral damages in such sum as may be ordered by the court
    who will try this case; that in order to serve as a sample to society such that
    any similar misdeeds, misdemeanors and/or felonious acts will be deterred
    accordingly in the future, it is likewise just, proper and fair that I may be  awarded exemplary damages also in such amount
    as the trial court may adjudge in my favor in its sound discretion;

     

    6. That in order to stop the respondents from fleeing
    the country and thereby defeating the purpose and object of the criminal
    justice system and processes, I hereby pray that a hold departure order be
    petitioned in the proper court by the Office of the City Prosecutor of the City
    of Mandaluyong against all the respondents; and

     

    7. That I am amenable to this AFFIDAVIT-COMPLAINT
    being consolidated in one case with the affidavit-complaints of the other
    buyers of the condominium units referred to above who are similarly situated as
    I am and who also intend to file the appropriate criminal charges against the
    above-named respondents and against all those who may appear guilty and
    answerable for the humongous fraud and economic sabotage committed against us.

     

     

     

    MARCIAL
    C. VEGA

    Affiant-Complainant

     

     

     

     

    SUBSCRIBED AND SWORN TO before me this 19th
    day of June, 2012, in the City of Mandaluyong, Philippines. I hereby certify
    that I have personally examined the above affiant-complainant and that I am
    satisfied that she fully understood her foregoing AFFIDAVIT-COMPLAINT and that
    she voluntarily executed the same.

     

     

     

    Administering Officer

  • barada69

    about time…this pre-selling only favors the developer (legit or not). Any deposit made by consumer should be deposited to escrow account and will only be released upon completion of the unit, like in Australia when buying a condo unit.

  • UrHONOR

    ANG dapat na bantayan ng mahigpit ay ang PRE-SELLING ng mga SENEYTORS! Ang ng Presidente din pala,

  • better future

    Vice Pres.Binay, nasaan na po si Delfin Lee?

    • Al Nueve

      why not ask – bakit tahimik si Noli De Castro? He heads the agency where D. Lee got those billions.. :)

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