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Manila, Philippines—Masbate Rep. Scott Davies Lanete has filed House Bill 5964, which bans reservation fees on subdivision lots and condominium units to ensure the protection of prospective buyers, according to a statement released by the House of Representatives. The bill amends “The Subdivision and Condominium Buyers’ Protective Decree,” which regulates

Manila, Philippines—The Philippine Institute of Real Estate Service Practitioner, Inc. (PhilRES), which represents more than 22,000 real estate practitioners, e.g. appraisers, brokers, and agents, will hold its first annual national convention that will focus on the impact of the upcoming ASEAN economic integration on the real estate industry. With the

In response to the increasing role of Southeast Asian countries in the global community, the Association of Southeast Asian Nations (ASEAN) leaders—11 of them, including the Philippines—signed the ASEAN Economic Community (AEC) blueprint in November 2007 and officially formed the AEC earlier this year, in anticipation of a regional economic