How is the requirement of 20% socialized housing compliance computed , is it based on the gross area or the saleable area of the project?
On the Gross area of the main subdivision project
Is this requirement of 20% compliance based only on area or also on project cost?
At the option of the developer , it can be based on either
What housing projects are covered?
All housing projects whose selling price is above PHP180,000
in highly urbanized areas and above, PHP150,000 in non urbanized areas
Are residential condominiums covered?
No; per Opinion of the Department of Justice, the law aplipes only to subdivisions; condominiums are a different type of project, and there is no legal basis for requiring them to be covered by this requirement
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