Luxe Subdivision Residents Sue Major Real Estate Developers

Manila Bulletin, February 7, 2016 | Go to article overview

Luxe Subdivision Residents Sue Major Real Estate Developers


Iloilo City -- Homeowners of what has been marketed as a luxurious residential community in Iloilo City are suing real estate developers including a subsidiary of Megaworld Corp.

Led by its president Jose Maria M. Borres, Puerto Real de Iloilo homeowners filed charges against Megaworld subsidiary Global-Estate Resorts Inc. (GERI, formerly Fil-Estate Land Inc. or FELI) for allegedly violating Presidential Decree No. 957 or the Subdivision and Condominium Buyer's Protective Decree.

Other respondents in the complaint filed by the homeowners with the House and Land Use Regulatory Board (HLURB) last January 18, 2016 are Fil-Estate Properties Inc. (FEPI), FELI, Fil-Estate Realty Corp., and Ledesco Development Corp.

The homeowners comprising Puerto Real de Iloilo Residents Inc. (PRDIRI), claim that many of the high-class amenities promised over 15 years ago were never realized while existing amenities "are now in a sad state of neglect and disrepair."

They specifically lambasted the developers' failure to provide Puerto

Real with 24-hour security services, a centralized water system, maintenance of the club house and swimming pool, and addressing the "controversial" entry into and exit out of the subdivision by "illegal" settlers staying near the community.

PRDIRI Vice President Kenneth Ng said the residents have been spending their own personal funds in hiring security guards to secure the subdivision. …

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