MAGALANG, Pampanga—A surge in land prices in a residential subdivision in Muntinlupa City following the construction of a publicly funded access road to a central business district (CBD) has presented the city government an opportunity to get a share of the unearned windfall gains of landowners. But the city government has overlooked this source of...
Tag: Muntinlupa City
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Possible giant leap in real property tax alarms Ayala Alabang Village residents
Residents of Ayala Alabang Village in Muntinlupa City have expressed alarm over an increase of up to 4,304% in the value of residential land in the posh neighborhood that will raise their payments of the yearly “amilyar,” or real property tax (RPT). At a public hearing on Feb. 11 in the barangay hall of the...
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Subdivision residents upset at discovery that Discaya firm bagged contract for bridge rehab project
ALABANG, Muntinlupa City — With the revocation of the project contractor’s license, residents of a private subdivision here are questioning the scheduled closure next month of a bridge to pave the way for retrofitting the South Luzon Expressway crossing. To their surprise and consternation, the residents of Pleasant Village learned just last week that the...
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Zonal values of real estate are rising much faster than incomes do
Real estate sellers and buyers and heirs will pay a bigger amount of taxes starting this year in Muntinlupa City, home to swanky subdivisions such as Ayala Alabang and Palms Pointe, as well as the Filinvest City central business district (CBD) and Madrigal Business Park. Zonal values in Muntinlupa rose 14 to 100% effective Jan....