November 27, 2018

Avoiding the mistakes of a Prime Real Estate Company

PAGSASANAY SA TAGUMPAY

Rizal Philippines
November 28, 2018

Last Saturday, a real estate company we are very familiar with was featured in a govt TV station.  The complainants alleged that in a housing project by the former in Bulacan, they made DP of about P200,000
but:

             1. No documents were delivered (vs PD 957)
             2.  And no house were built yet

Several conciliation meetings were held by HLURB but no officials of the said company fail to appear. (The company owes MLII millions)

The lawyer from HLURB threatens administrative sanctions vs the said real estate company which includes but not limited to:  cutting of credit/take out facilities from HDMF, and discrediting the same with private
financial institutions. This is without prejudice to penalty and imprisonment.

Hindi na kailangan marahil ito  Ang maTV at madyaryo ka lang isa nang malaking kasiraan

HLURB Walang action vs ____Prime, sa Remate

REMATE ONLINE


Image result for asia prime properties inc
                                         Broken dreams, broken promises

What could have probably led to this?   Some simple office administrative oversights gathered momentum leading to this critical situation for the real estate company:

           1.  Misfiling
           2.  Documents not done on time
           3. Non payment of suppliers/or payment on time
           4.  Simple little negligence by the  staff
                arising from being late, being absent, lack of productivity and lack of work

Are we not far behind:

          1. Delayed payment of suppliers
          2.  Resulting in non delivery of materials
          3.  Delayed permits (and people who are supervising certainly amiss)
          4.  Ugly dirty sites;
          5. Deteriorating standards of interment and maintenance
          6.  Delayed delivery of documents and or failure to resolve this in a timely manner

HOY GISING.   Padyaryo ba  tayo?  PapaTV ba tayo    

Image result for asia prime properties inc
  


From Philproperties Holding 85% sold out, pero may bahay na hindi nagawa/naideliver?


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