"Merun pa lang dalawang classification ng housing sa batas na kailangan ikuha ng License to Sell." as one of my mentor pointed out. He continued, "mahirap ibenta ang property kung hindi mo alam ikumpara ang isang property sa isa." He's referring to why there are houses with prices below 400,000, around 1 Million, 2.5 Million and above.
These knowledge made me say, "ahh oo nga". Well, as an ordinary seller, all we know is just to sell property and help client owning their dream home. These ideas are actually very helpful as many township and housing projects sprouting around provinces and are many option for buyers that make them confused with the differences.
I'm referring to Housing Projects under BP 220 and PD 957 classification which both need a separate license to sell a housing developer need to apply for at Housing Land - Use Regulatory Board (HLURB).
For now here is the Socialized and Economic Housing both under Batas Pambansa (BP) 220.
BP 220 - Minimum Design Standard
By Minimum Lot Area
House Design Socialized Housing Economic Housing
Single Detached 64 sqm 72 sqm
Duplex/Single Atached 48 sqm 54 sqm
Row house 28 sqm 36 sqm
By Minimum Floor Area
18 sqm for socialized housing
22 sqm for economic housing
By Price Ceiling
Php. 450,000 and below for socialized housing
Php. 300,000 to 1,250,000 for economic housing
BP 220 Law requires and encourages the developer to offer out and deliver affordable and quality housing for the people to have a balanced housing development in the country.
With all the differences, we cannot compare properties in different classification like comparing prices, features and amenities or the communities between socialized housing, economic housing or medium cost housing.
For complete detail and IRR of BP 220 see this link: http://old.hlurb.gov.ph/uploads/laws-issuances/BP220IRR/Revised_IRR_BP220_2008.pdf
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