The RMC clarifies the price ceilings for socialized housing units where
house and lot packages or only lots are sold, pursuant to Housing and Urban
Development Coordinating Council (HUDCC) Memorandum Circular No. 1, Series of
2008, promulgated on December 11, 2008, as implemented by RMC No. 30-2009 dated
May 14, 2009.
A socialized housing unit shall not exceed Php400,000 for a house and
lot package subject to periodic adjustment of increase as the Housing and Land
Use Regulatory Board (HULRB) may effect.
In the case of sale of lots only, the price shall not exceed 40% of the
maximum limit prescribed for the house and lot package.
Based on the foregoing, the
Php400,000 price ceiling applies to house and lot packages. If only lots are sold, the price ceiling
should only be Php160,000 per lot (40% of Php400,000).
Technical Briefs – September to October 2011
Accounting Times Vol. 62 No. 3
This article is also published at www.PlaceSure.com
http://www.placesure.com/groups/general-public/forums/topic/clarification-on-the-price-ceilings-for-socialized-housing-units/
This article is also published at www.PlaceSure.com
http://www.placesure.com/groups/general-public/forums/topic/clarification-on-the-price-ceilings-for-socialized-housing-units/
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