Mr Lee Posted October 2, 2011 Posted October 2, 2011 It should drive up prices of new condo developments, which in turn might drive up prices of existing condo developments, which may be grandfathered in. :unsure:What do you think? Condominium projects on priority list of Palace, Congress 11/03/2011Approval of a bill making mandatory the participation of condominium developers in the socialized housing program was recently assured by the leadership of the House of Representatives.Authored by Bagong Henerasyon Rep. Bernadette Herrera-Dy, House Bill 3189 was endorsed for plenary approval by the House committee on housing and urban development.HB 3189 is among the 13 new priority measures that President Aquino recently presented before the Legislative Executive Development Advisory Council.Herrera-Dy said HB 3189 requires developers of condominiums to develop low-cost housing units equivalent to 20 percent of the total condominium area.But the bill also gives condominium builders an option to allocate 20 percent of the condominium project cost for the development of affordable housing for ordinary Filipinos. 1 Link to comment Share on other sites More sharing options...
Art2ro Posted October 3, 2011 Posted October 3, 2011 Anyone see the ghetto condo high rise going up next door to you? If it can replace the squatter's eyesore environment, so be it! Where will they hang their wash? I can see it now, banners everywhere out on the balcony or windows! Link to comment Share on other sites More sharing options...
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