PD 957 REGULATES THE SALE OF SUBDIVISION LOTS AND CONDOMINIUMS, PROVIDING PENALTIES FOR

VIOLATIONS

is passed to closely supervise and regulate real estate practitioners, owners, and developers in the
Philippines

PD 1216 is a policy of the government to create and maintain a healthy environment in human
settlements by providing open spaces, roads, alleys, and sidewalks as may be deemed suitable to
enhance the quality of life of the residents therein.

PD 1216 DEFINING “OPEN SPACE” IN RESIDENTIAL SUBDIVISIONS AND AMENDING SECTION 31 OF

PRESIDENTIAL DECREE NO. 957 REQUIRING SUBDIVISION OWNERS TO PROVIDE ROADS, ALLEYS,
SIDEWALKS AND RESERVE OPEN SPACE FOR PARKS OR RECREATIONAL USE

RA 4726 "The Condominium Act"

RA. 6552 REALTY INSTALLMENT BUYER PROTECTION ACT or Maceda Law - applies to the purchaser of
real property by installment payments when the purchase becomes canceled by a
delinquency in payment. It provides the buyer with a right to a refund as a requisite for cancellation of
the contract due to delinquency when the buyer has paid at least two years.

RA. 9904 "Magna Carta for Homeowners and Homeowners’ Associations".

RA. 9507 "Socialized and Low-Cost Housing Loan Restructuring Act of 2008".

RA. 9510 Credit Information System Act

RA 10884 is known as the "Balanced Housing Development Program Amendments".

BP 220

An Act Authorizing the Ministry of Human Settlements to Establish and Promulgate Different Levels of
Standards and Technical Requirements for Economic and Socialized Housing Projects in Urban and Rural
Areas from Those Provided Under Presidential Decrees Numbered Nine Hundred Fifty-Seven, Twelve
Hundred Sixteen, Ten Hundred Ninety-Six and Eleven Hundred Eighty-Five

DAO no. 37 Series of 1996

Condominium unit buyer (1 page, 100 words max)

Choose the best payment method depending on your finances

 Spot cash, In-house or Bank Financing, PAGIBIG Loan

Establish a good credit rating in banks.

Some documents need to be submitted for loan

 Certificate of Employment and Compensation

 Source of income
 Postdated checks
 Income tax return
 Valid ID
 Marriage Certificate
 Financial Statement

Legal documents needed to prepare:

 LOI to purchase
 Reservation Application
 Contract to sell
 Tax Declaration
 Letter of Guarantee
 Deed of Absolute Sale
Socialized housing real estate developer (1 page, 100 words max)

 Environmental Compliance Certificate

 RA 10884 

whereby owners and/or developers of the proposed subdivision and condominium projects shall be
required to develop an area for socialized housing equivalent to at least fifteen percent (15%) of the
total subdivision area or total subdivision project cost and at least five percent (5%) of condominium
area or project cost, at the option of the developer, in accordance with the standards as provided by law

 RA 7279

Requires developers of residential subdivision projects to allocate 20% of the project’s area/cost into
socialized housing.

 PD 1216

A developer shall reserve thirty percent (30%) of the gross area for open space.

Comply with the price ceiling given by DHSUD:

Minimum floor area

22sqm with loft / 24sqm – Php 480,000

24sqm with loft / 28sqm – Php 530,000

28sqm with loft / 32sqm; 2-storey, 16sqm/floor – Php 580,000

Economic housing real estate developer (1 page, 100 words max)

 Environmental Compliance Certificate

 RA 10884 

whereby owners and/or developers of the proposed subdivision and condominium projects shall be
required to develop an area for socialized housing equivalent to at least fifteen percent (15%) of the
total subdivision area or total subdivision project cost and at least five percent (5%) of condominium
area or project cost, at the option of the developer, in accordance with the standards as provided by
law

 RA 7279

Requires developers of residential subdivision projects to allocate 20% of the project’s area/cost
into socialized housing.

 PD 1216

A developer shall reserve thirty percent (30%) of the gross area for open space.

Comply with the price ceiling given by DHSUD:

Minimum floor area:

22sqm – Php 1,700,000

Types of housing/Minimum lot area:

Singe Detached: 72sqm

Duplex/Single Attached: 48sqm

Row houses: 28sqm