developing a residential subdivision by iriskleo
DESCRIPTION
During my Real Estate Presentation at POLYTECHNIC UNIVERSITY OF THE PHILIPPINES LOPEZ, QUEZONTRANSCRIPT
DEVELOPING A RESIDENTIAL SUBDIVISION
cultural…
educational…
educational…
development isGROWTH
in a SUBDIVISION DEVELOPMENT?
What is the
company…
REPUBLIC ACT 7279
WHAT IS THE
?
WHAT IS
THE BEST THING
TO DO?
?What it will cost
Republic Act 7279
It requires the developer of a proposed subdivision project to develop an area for socialized housing project (SHP).
Urban Development and Housing
Act 7279
Examples:
Total project area
20% of 5 hectares = 1 hectare for SHP
Total project cost
20% of a P28 million project = P 5.6 million
This is covered by Sec. 18 of RA 7279
WHAT ARE THE
PROJECTSEXEMPTED
To the RA 7279?
• Projects intended for the underprivileged and homeless and where the selling price of a house and lot package does not exceed P150,000
•Projects with four unit or less
•Projects within a density of 100 units or more per hectare.
Example A
Project area : .15 hectares or 1,500 square meters
No. of saleable lots : 18
Density Formula
= No. of Units Area
= 18.15
= 120 units/hectare
Not covered by Sec. 18 of RA 7279
Example BProject area : 1.5 hectares or 15,000 square metersNo. of saleable lots : 100
Density Formula
=
=
= No. of Units Area
1001.5
67 units/hectare
This is covered by Sec. 18 of RA 7279
30%
70%
Roads, alleys, open spaces,
playground and park
requirements
Maximum saleable area
of the land
Is there any DEVELOPMENTAL
LOAN?
HGC Development Loans
Gives developmental loans for subdivision projects (lot, house and lot) townhouses and other housing projects that consist of not less than twenty dwellings of at least twenty units.
Who protects both the
developers and
homeowners
Homeowners Association
WHAT IS
DEED OF
DONATION?
Deed of Donation
At the option of the developer, he may donate the roads and open spaces to the city or municipality where the project is located.
DEVELOPING A RESIDENTIAL SUBDIVISIONBy: Iris Kleo A. Cantillo