Going into the business of property development involves a series of critical decision-making stages that requires methodical studies and analysis without which, success becomes a hit or miss game of chance. Prospective developers should watch out for pitfall and traps and be aware of the governing rules covering, among others, plans, standards, permits, licenses and reportorial requirements. As an example, it becomes a very expensive learning experience if it would be found out later that the plans prepared do not conform to the prescribed standards.
In this regard, Urban Institute of Real Estate is inviting upcoming and current developers, professionals and property owners to a seminar on Property Development and Housing and Land Use Regulatory Board (HLURB) rules and regulations that it will conduct on Nov. 26 1:30 to 6 p.m. at the second floor, Max’s Restaurant, near Glorietta 2, Ayala Center, Makati City.
This lecture will include: property development as a business; why not everybody are property developers; phases of property development; evaluating land potential; when you should not invest in vacant land; feasibility criteria; evaluating economic feasibility; needed government permits and licenses; notes on land development and housing construction; development costs; notes on industrial, commercial and condominium developments; important provisions of PD 957, BP 220, RA 6552 (Maceda Law), implementing rules of RA 7279 (Lina Law) and related issues on subdivision development such as transactions exempt from license to sell, non-completion of developments, turnover or donation of roads and parks & playground, organization of homeowners associations, registration of real estate dealers and others.
Urban is also conducting other seminars which can be attended separately, on the same time and venue as follows: Nov. 24 — Making Big Money in Distressed Properties; Nov. 28 — How to’s of Real Estate Market Analysis; Dec. 1 — How to’s of Real Property Valuation: How To Do It Yourself; Dec. 3 — Real Estate Values: How, When and Why They Go Up or Down.
This lecture series is accredited by DTI for CEP compliance and will have as lecturer Engr. Enrico Cruz, who has more than 40 years in real estate, engineering, construction, management and education. Cruz is also a licensed real estate consultant and 1st and 8th placer in the real estate appraiser’s and broker’s board examinations respectively, and was invested as a “Real Estate Fellow” by the Philippine Council of Real Estate Educators.
For other details or advance registration, Urban Institute may be reached at 681-0928 or CP# 0916-426-9174/0921-683-9431 or by email at urbanet@pacific.net.ph.