The BCDA hopes to raise much needed funds from the sale of 94.9 hectares of land within the Fort Bonifacio property.
Specifically, the appraisal firms would determine the fair market value of the 35.5-hectare Joint US Military Advisory Group (JUSMAG)/Southside Homeowners Association Inc. (SHAI); the 25.8 hectare Navy Officers’ Village Association Inc. (NOVAI), and a 33.6- hectare area occupied by the Philippine Marines, the Bonifacio Naval Station, the Army Support Command (ASCOM), and the Service Support Unit (SSU).
Based on the valuation used by the 2003 Feliciano report of P30,000 per square meters, the BCDA could roughly raise P7.7 billion from the 35.5 hectares JUSMAG/SHAI area and P10.65 million from the 25.8 hectares NOVAI area.
Interested appraisal firms can secure pre-qualification/eligibility forms from the BCDA from April 25 to 27 and the deadline for the submission of the said is on May 2.
While the BCDA is trying to properly appraise the said properties, it continues to fight a legal battle with occupants, who are composed of both active and retired military officers, of the JUSMAG/SHAI and NOVAI properties.
The JUSMAG/SHAI and NOVAI properties are supposed to be leased housing facilities for active military officers who must vacate their housing once they retire.
However, through some legal maneuverings, the occupants of the two housing facilities were able to secure land titles for the military property.
The BCDA has filed cases in court to recover the said properties, but there has been no conclusive resolution so far to the land dispute.
Among those who are claiming ownership of the disputed JUSMAG/SHAI properties are former AFP chiefs of staff Diomedio Villanueva, Roy Cimatu (who is currently the presidential envoy to the Middle East), and Benjamin Defensor who is the brother of Sen. Miriam Defensor-Santiago, and former Police chief Edgardo Aglipay.