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The Real Property Valuation Reform Act (RPVARA) has been passed by the Lower House, while the Senate counterpart Bill is now on its final working draft. According to the Department of Finance (DOF), the proposed legislation aims to “improve the quality of valuation of local governments by making the revisions frequent, efficient, transparent, reliable and …
Public faith in the Torrens system of land registration has been severely eroded by decades of rampant title fakery, land grabbing, title laundering and other nefarious acts perpetrated with the use of dubious titles. Despite stringent safeguards in the land registration laws, which entail sacrifices in terms of a slower pace in effecting legitimate land …
The Housing Escrow Fund is a fund pool comprised of fund contributions by developers who opt to comply with the legally mandated balanced housing requirement via certain alternative modes of compliance. Under the law, a developer proposing to undertake a subdivision or condominium project is required to develop an area for socialized housing equivalent to …
Evident in many laws relating to real estate is the underlying presumption that every act of a developer proceeds from avarice. Apparently proceeding from this presumption of guilt, the general trend in these laws has been to impose excessive demands and conditions, as if to penalize the entire housing industry for the perceived faults of …
Rectifying Inequity & Ambiguities of the Maceda Law Read More »
OVERVIEW: Accounting is essentially the process of keeping records of all financial transactions of an entity, and generating various reports or statements out of those records. Financial reporting, on the other hand, is a subset of the accounting process that uses financial statements to disclose a company’s financial information and performance over a particular period …
BRIEF: Philippine Financial Reporting Standards for Real Estate Firms Read More »
“Land is indispensable to any and all human activity; and how a nation uses its lands, to a large extent determines its fate – whether its people will remain as tillers of the soil or homeless nomads, or prosper along with the better part of the human race.” Ever since the Department of Agrarian Reform …
Towards Equitable & Sustainable Land Use Interventions Read More »
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