Understanding the Rent Control Law of 2009

For would be landlords or those who are interested in buying a property as investment such as residential apartments or residential condominiums to be used for the purpose of renting or leasing it to would be renter / lessee. 

In general, the Philippine housing rentals are covered by the Rent Control Act of 2009, a law intended to protect millions of Filipinos renting houses. The Housing and Urban Development Coordinating Council (HUDCC) is the government agency in charge of overseeing the implementation of the Rent Control Act, also known as Republic Act 9653 or “An Act Establishing Reforms in the Regulation of Rent of Certain Residential Units, Providing the Mechanisms Therefore and For Other Purposes.”

R.A. 9653 was approved in 2009 and its provisions have been recently extended by HUDCC for a period of three years, from January 1, 2018, until December 31, 2020.

The subject property is covered by the salient features of this law wherein houses for rent are covered because of its residential and commercial purpose.

SOLD: 26 Room Operational Hotel near Clark Freeport

Recently included in our property listing for investor who would like to engage in the hospitality business with existing customer base with revenue income generation capability.

Property Details:

Location: Dau, Mabalacat City, Pampanga
Lot Area: 354 square meters
Total Floor Area: 700 square meters
Parking Spaces / Provision: 8 parking spaces
No. of Storey(s): Two
Price: P 44,000,000.00 (Negotiable)

For more information, please contact us at:

CRB Benedict Baluyut, REB

PRC REBL No. 8358

Mobile No. 09175100734 (Globe / Whatsapp/ Viber)

Website: www.cfbaluyutrealty.com

Email: cfbaluyutrealty2004@gmail.com

Related Posts:

Property For Sale: One Bedroom Ready For Occupancy Residential Condominium in Makati City
Property For Sale: Ready For Occupancy House and Lot in Mabalacat City
Property For Sale: Four Unit Residential Apartment in Dau, Mabalacat City

Copyright 2004 - 2019 C. F. Baluyut Realty | Real Estate in Pampanga, Philippines. All Rights Reserved.

POGOs: Why are they here in the Philippines (Part 2)?

Photo by Drew Rae from Pexels

Gambling As A Social Problem?

Although, gambling industry is a legal in the country and regulated by PAGCOR. In reality, gambling is highly addictive vice with money earned from easy /fast transaction. It can cripple one's finances if losses are incurred from such a devastating vice that could  also destroy personal relationships with family and friends.

Filipinos are not affected by these online gambling industry of these POGOs because it stated on the rules and regulation on the operation of offshore gaming that they are not allowed to play and have no access on these online vices. Most of these POGOs are owned by mainland Chinese with Filipino citizen partners under a formation of gaming and entertainment corporations through existing legal laws of the Phillippines through corporation which comprised of 60% owned by Filipinos and 40% owned by foreigners.

SOLD: House and Lot For Sale in City of San Fernando, Pampanga (RS-008-2019)

We have recently included in our property listing a house & lot ideal for a growing family located in a secure subdivision with safe yet peaceful neighborhood close to SM City Telabastagan and Angeles City. Walking distance to MacArthur Highway and minutes away from Mexico Exit of North Luzon Expressway via Tourism Convergence Road and many more...

Property Details:

Location: Richtown Subdivision Phase 1, Sindalan, City of San Fernando, Pampanga

Lot Area: 180 square meters
Floor Area: 200 square meters
3 Bedrooms (Master Bedroom, Two bedrooms for kid)
Balcony
2 Toilet & Bath (One in Master's Bedroom; One in ground floor)
2 Car Garage
2 Storey Home
Morning Sun Location

Price: P 5,500,000.00 (Negotiable)

POGOs: Why are they here in the Philippines (Part 1)?

Photos Credits

There has been a hot debate on social media and other media outlets concerning the growing number of Chinese workers in Metro Manila. A number of them are working on gaming industry which are composed of legitimate information technology based game development for the Chinese market or even cater the world market but most of them are involved in gambling through proliferating online casino which is "illegal and prohibited in their own country". 

What Are Philippine Offshore Gaming Operators (POGOs)?

Philippine laws allows the creation of gambling and entertainment companies through the management of Philippine Amusement and Gaming Corporation (PAGCOR) a government owned enterprises which overseers and regulates these companies or corporation involved in this industry. There is an projected P 20 billion pesos revenue generated as stated by PAGCOR on the profits earned in this industry.

Win-win Situation for Our Filipino Compatriots?

For our local real estate professionals / property owners, it had given them prosperity as the demand of residential housing is rising, driving the market into overload with residential condominium units and office buildings. For examples: Those located in one floor in the Bay Area - SM Mall of Asia is being leased by these foreign workers or in McKinley Hill / West (BGC, Taguig City) to their Chinese locators with Filipino contacts.

Filinvest Land Inc and Megaworld Corporation are the biggest winners or could be the biggest loosers? at the same time in terms of office leasing for these foreign companies that are located on commercial or office buildings in their estates or owned by these real estate development companies around Metro Manila. SM Development Corp projects located near SM Mall of Asia are mostly on the leasing of commercial with majority in residential properties by private unit owners or handled private property management hired by private unit owners may or may not be associated with these developers.

In Paranaque alone, there were complaints from local residents of intrusion and being offered money by these foreign locators with their local counterparts in order to acquire a property of the said residents driving the fair market value of prices too steep for ordinary Filipinos to buy or own or even rent a home that led to local renters being driven away further from this area because of increase in rent or lease of residential apartments or homes. There was also an incident of Chinese only food park in Las Pinas with no business permits and unsanitary practice operating around the area which received a lot of attention from local residents and social media. Action was taken by local government unit of Las Pinas on this incident on complaints of the local populace of such illegal operation happening around their community.   

Why Chinese workers are here?

Similar to Overseas Filipino Worker (OFWs) they are working overseas in order to fulfill their needs and at the same time provide to their families left behind in mainland China. The recent events in US-China Trade tensions, have caused unemployment and layoff in China's manufacturing sector with the economy falling and the Chinese government creating a stimulus in order to maintain the economy with last year's GDP performance of 6.4% growth. Plus the compensation for a hired POGO workers who are compensated with P 80,000.00 to P 130,000.00 per month as a "data analyst"  per se with free living accommodation and allowance and return ticket to China who would grab an opportunity or refuse an offer for job like this. The POGO workers age usually in their early 20s to late 30s or some in their 40s. There was also rumors or speculation from other foreign communities / expatriates about POGO managers mainly that they earn at least P 1,000,000.00 to P 4,000,000.00 per month on managing a firm in the Philippines which is unverifiable?

External Security Threat?

Recently, Secretary of National Defense Delfin Lorenzana and other politicians in congress were alarmed with the possibility of external security threats of these POGOs sprouting near military bases and other important government installations. It has become a threat for local security forces against foreign intrusion with the possibility of espionage in our country by these foreign workers who are of military age men (MEM) in military lingo.  

Screen Grab from former Sen. Rafael Alunan's Facebook 

To be continued on our next article....

About the Writer

CRB Benedict Baluyut is a professional real estate broker, real estate appraiser and associate of C. F. Baluyut Realty. He is currently the Vice President for External Affairs, Real Estate Brokers Association of the Philippines, Inc. (REBAP) - Pampanga Chapter. You can get in touch with him at https://www.cfbaluyutrealty.com.

Related Posts:

What's Up: Pampanga in the Forefront of Growth in Central Luzon and Beyond
Urbes Orientem: The Rise of Township Development in Pampanga

Copyright 2004 - 2019 C. F. Baluyut Realty | Real Estate in Pampanga, Philippines. All Rights Reserved.