Malacañang Palace on Thursday said it has no information on whether President Ferdinand Marcos Jr. owns a property in South Forbes Park, Makati City.
The statement came amid renewed speculation that the President has a property along Tamarind Street in Forbes Park following testimony by two surprise witnesses at the 19 January Senate Blue Ribbon Committee hearing. The witnesses, identified only as “Maria” and “Joy,” spoke about events involving a property on Tamarind Road.
The address was earlier cited by expelled Representative Elizaldy “Zaldy” Co as a supposed “drop-off” point for funds allegedly taken from flood control projects.
Co claimed that the money’s alleged endpoint was another property in South Forbes Park along Narra Avenue, which he said is owned by Marcos.
“Sa ngayon po ay wala po tayong (impormasyon). Wala pong naibibigay sa ating impormasyon patungkol po diyan,” Palace press briefer Undersecretary Claire Castro said.
Castro added that it is up to Co and the witnesses to substantiate their claims by presenting evidence.
“Kung anuman po ang kanilang mga nasabi, mas maganda po na sila ay magkaroon ng ebidensiya para mapatunayan po ito. At patungkol po naman sa binabanggit nila kay [former] House Speaker Romualdez, hayaan po natin na si former Speaker Romualdez po ang siyang tumugon po diyan,” she said.
In a video dated 24 November 2025, Co claimed that Romualdez instructed him to deliver cash to 30 Tamarind Road, describing it as a “drop-off” point near the President’s residence.
“My instruction from former speaker Martin Romualdez was to bring it to No. 30 Tamarind Street, South Forbes Park, and hand it over to Undersecretary Jojo Cadiz, because I was told this was the drop-off point near the President’s residence,” Co said.
Co alleged that cash deliveries totaling P1 billion in December 2024 were received by Cadiz and later brought to a house along Narra Avenue allegedly owned by Marcos, which he described as the final destination of the money.
He further claimed that the Tamarind Road property was bought by Romualdez on his cousin Marcos’ instructions and was used as a temporary holding site for cash allegedly sourced from “SOPs, collections, and deliveries.”