MANILA, Philippines - 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.
In this regards, 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 will conduct on Aug. 26, 1:30 to 6 p.m. at the Maximo Function Room, Max’s Restaurant, near the exit of Glorietta 2, 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 development, turnover or donation of roads and parks & playground, organization of homeowners associations, registration of real estate dealers and others.
For others details or advance registration, Urban Institute may be reached at 948-8191 or 796-8019, or CP# 0916-426-9174/ 0921-683-9431 or by email at urbanet@pacific.net.ph or urbanet.ph@gmail.com. Details may also be viewed at www.urban-institute.blogspot.com