CEBU Landmasters Inc. has acknowledged that it has yet to fix deficiency requirements in its application for licenses to sell at least five identified projects and said it will comply with the regulatory requirements before proceeding to launch these projects.
PHOTGRAPH courtesy of Cebu Landmaster Inc.
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The Department of Human Settlements and Urban Development (DHSUD) Region 7 said five projects linked to Cebu Landmasters Inc. (CLI) have yet to comply with requirement deficiencies and remain without Licenses to Sell.
DHSUD-7 regional director Mark Anthony Lindugan said the projects cannot be advertised, offered for sale or sold until their deficiencies are satisfactorily addressed and the required licenses are issued.
Requirement-deficient projects
The projects under Notices of Deficiency in Requirements (NDR) are North Grove at Pristina Town Towers 1 and 2 in Cebu City, Alto Ranudo in Cebu City, Mirani Homes Bogo in Bogo City and Casa Mira South Phase 4B.3 in San Fernando, Cebu.
DHSUD clarified that an NDR gives developers an opportunity to address deficiencies identified during the regulatory process, but submitting compliance documents does not automatically constitute the issuance of a license to sell.
Reminder to developers and the public
“We also would like to remind our developers and the public that developers are not authorized to advertise, offer for sale or sell a project without the required License to Sell,” Lindugan said.
The agency emphasized that the projects must fully satisfy documentary, technical and regulatory requirements before licenses can be issued.
For their part Cebu Landmasters has issued a statement, stressing that “none of the five projects cited by DHSUD-7 has been launched, advertised, offered for sale or sold without the required Licenses to Sell.”
