Updated January 31, 2015 - 12:00 am By: Helen Flores (The Philippine Star)
MANILA, Philippines — Real estate owners and developers may now be compelled to uphold any claims they make in advertisements, based on new rules released by the Housing and Land Use Regulatory Board (HLURB) yesterday. The agency released two sets of revised implementing rules and regulations (IRRs) for Presidential Decree 957 or the “Subdivision and Condominium Buyers’ Protective Decree” to protect prospective buyers of real estate properties from possible fraud and other malpractices in the industry. It said all representations in an advertisement shall form part of the sales warranties enforceable against the owner or developer, jointly and severally. “Such owner or developer shall be answerable and liable for the facilities, improvements, infrastructures, or other forms of development represented or promised in an advertisement and failure to timely and completely fulfill these representations shall constitute breach of contract and warranties,” the IRR stated. The amended IRRs were contained in Board Resolution 921 and 922, signed by Vice President Jejomar Binay on Dec. 2 last year. The IRRs were published in The STAR yesterday. Binay is the chair of the Housing and Urban Development Coordinating Council or HUDCC. Board Resolution 921, also known as the Revised IRR on Advertisements, stated that any announcement about a project, or about its operations or activities, must reflect the real facts and must be presented in a manner that will not tend to mislead or deceive the public. The IRR states that the owner, developer, dealer, authorized broker or salesperson shall be allowed to advertise about the project only after the issuance of the project’s license to sell and after the HLURB has approved the advertisement material. “To enable the public or prospective buyers to make an informed choice on their purchase or acquisition, any advertisement about a project must indicate material facts…” it said. Meanwhile, Board Resolution 922 or the “2014 Revised IRR on Dealers, Brokers and Salesmen” stated that all brokers and salespersons must be registered and licensed or accredited by the Professional Regulatory Board of Real Estate Service before they can engage in the practice of real estate services. Also under the revised IRR, all business firms shall likewise first register with the HLURB in accordance with its existing rules and guidelines before they can engage in the practice of real estate service. All applicants shall file a bond or security of P5,000 for dealers and brokers and P1,000 for salespersons. All business firms, on the other hand, shall post a bond of P20,000. Any dealer, broker, salesperson and business firm who engages in real estate practice without registering the project with the HLURB or using an expired HLURB permit will be fined P10,000 and P5,000 respectively, the IRR said.
Published on June 18, 2014 | 10:48 AM By: Davao Homes 888, Davao City, PH
Oakridge Residential Estate: A New Era of Luxury Living in Davao City! π‘
Davao City, Get ready for something Extraordinary!
We are excited to introduce Oakridge Residential Estate, a luxurious high-end subdivision located in Brgy. Indangan, Buhangin District, on the Northside of Davao City. Oakridge promises to raise the bar for residential living in Davao, offering a premium blend of comfort, elegance, and modern living. This stunning development offers high-end residential units with Japanese-inspired house designs, creating a one-of-a-kind community that redefines luxury in Davao.
What Makes Oakridge Residential Estate Special?
Oakridge Residential Estate is the result of a unique joint venture between a leading Filipino company and a prestigious Japanese corporation. This collaboration brings together Japanese innovation and Filipino warmth, resulting in a development that combines world-class design with a focus on quality and sustainability.
For ToshitimLand Inc., this is their very first venture into the Filipino real estate market, and they’ve brought their expertise in high-end development to Oakridge. Every corner of this community is designed to cater to those who demand nothing but the best.
High-End Residential Units with Japanese-Inspired Designs
At Oakridge, we offer premium high-end residential units, each thoughtfully designed to meet the needs of discerning homeowners. The homes within Oakridge are crafted with a Japanese theme, incorporating elements of minimalist beauty, functionality, and serene design.
The Japanese aesthetic is known for its simplicity, clean lines, and connection to nature, and these principles have been woven into the design of every unit. From spacious interiors to harmonious outdoor spaces, Oakridge delivers a living environment that promotes peace, balance, and luxury.
Key Features of Oakridge Residential Estate:
345 High-End Residential Units: Oakridge offers 345 meticulously designed house and lot units that cater to those looking for a home of distinction. These premium homes are designed with an emphasis on both aesthetics and functionality, ensuring every family enjoys a comfortable and sophisticated living experience.
Multiple Access Roads: Oakridge's location is one of its greatest strengths. Situated at the boundary of Malagamot, Panacan, Communal, and Indangan in Buhangin District, Oakridge offers multiple access roads, making it easy to reach the city center and surrounding areas.
PD 957 Compliance: Oakridge Residential Estate is developed under Presidential Decree No. 957 (PD 957), ensuring that all units adhere to the highest standards of quality, safety, and legal compliance. This guarantees residents peace of mind and the confidence that they are investing in a secure, well-planned community.
Japanese-Inspired House Designs: The design philosophy behind Oakridge is deeply rooted in Japanese principles, with an emphasis on clean lines, functional spaces, and natural materials. Every home is designed to create a tranquil, harmonious living environment that connects with the surrounding nature.
World-Class Infrastructure: Oakridge will feature state-of-the-art infrastructure, including modern roads, reliable utilities, and efficient drainage systems. Every detail has been carefully planned to ensure a high standard of living for residents.
Security and Peace of Mind: Oakridge will be a gated community with 24/7 security, ensuring that all residents enjoy a safe and secure living environment. With surveillance and controlled access points, peace of mind is guaranteed.
Why Invest in Oakridge Residential Estate?
If you’re looking for a luxury home that combines modern design, cutting-edge infrastructure, and a serene living environment, Oakridge Residential Estate is the ideal place for you. This high-end development is perfect for those who value quality, security, and a sustainable lifestyle.
Oakridge represents a significant opportunity for investors who want to secure a property in a growing Davao City, which is rapidly becoming a hub for high-quality living. Whether you’re looking for a dream home or a smart investment, Oakridge offers exceptional value and will continue to appreciate in the years to come.
Stay Tuned for More Updates!
The journey has just begun! Stay tuned for more exciting updates about the grand launch, unit availability, and other important announcements. Make sure you don’t miss out on this one-of-a-kind development.
For more information, please visit [insert website link].
Oakridge Residential Estate – Where Dreams Come Home with Excellence..
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Proximity: 5 to 10 min. to the Davao International Airport
5 to 7 min. to NCCC Panacan Mall 5 to 7 min. to Panacan Public Market 3 min. to D' Leonor Inland Resort in Communal, D.C. 3 min. to Catholic Church (St. Pio Catholic Church) 10 min. to NCCC Supermarket - Panacan 15 min.to SM Lanang Premiere 15 min.to Damosa Complex 10 min.to newly open NCCC Cabantian (Supermarket | Dept.Store) 15 min. to Gaisano Grand Mall - Tibungco
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