Nuvoland project complete in licenses, permits

MANILA, Philippines - The executive vice president and chief operating officer of Nuvoland Philippines, Ramon Bienvenida, took exception to a TV Patrol report and certain entities, alleging that the Aspire at Nuvocity condominium project of the corporation was not authorized to sell; didn’t have the requisite License to Sell issued by the Housing Land Use and Regulatory Board; and that it had not begun construction.

He stated that, “Nuvoland has a license to sell issued by HLURB allowing it to sell which was published in major dailies as early as August 29, 2008. In fact, Nuvoland as a responsible developer commenced construction for Aspire at Nuvocity, the project located at Bagumbayan, Quezon City, last January 16, 2009, well ahead of the original schedule of June 2009, as approved by HLURB.” Bienvenida said, “We encourage all real estate buyers to formally raise their concerns to the HLURB, so that it can be processed and decided upon based on existing laws. And regardless of the outcome, Nuvoland will always abide with the HLURB decision, as a good corporate citizen.”

He added that, “Unfortunately, clients take their complaints to media thru trial by publicity which is counterproductive and leads to further confusion and conflict between buyer and developer. In most cases, parties do not have a fair understanding of applicable laws for real estate purchases.”

In addition, Bienvenida lamented that the TV Patrol crew came to their office and were shown all the licenses and ongoing construction, yet their side was not presented during the airing of the story.