Puerto Princesa and Palawan Buy and Sell of Properties

05/07/2022

01/05/2022

17/07/2021

CONDOMINIUM AND SUBDIVISION BUYERS’ RIGHTS
NON-FORFEITURE OF PAYMENTS

Section 23 of P.D. 957 states that a project owner or developer cannot forfeit a buyer's payment for a subdivision lot or condo unit when the buyer after due notice, stops paying for it because the project has not been developed according to plans and within the time limit allowed by DHSUD.

Likewise, the buyer has the option to demand a refund of the total amount paid with legal interest. This amount includes amortization interest, but excludes delinquency interest.

Buyers may file a verified complaint before the Human Settlements Adjudication Commission for the violation of the said right/s.

15/08/2020

Senator Manny Pacquiao's 3-storey mansion in Forbes Park, Makati City is reportedly up for sale.