Rizal Philippines
September 25, 2016
I just learned today that there will be a two year moratorium in land conversion for two years, to protect the land awarded to farmer beneficiaries of some 4.7 million hectares that were CARPED (awarded to farmer beneficiaries)
The current secretary of DAR is Rafael Mariano the head of Kilusang Magbubukid ng Pilipinas. a well known leftist organization; and Anak Pawis
You will recall that many of the CLT (Certificate of Land Transfer) awarded in many places of the Philippines like Sta Rosa Laguna, NE and elsewhere were sold during the time that they were not still saleable. You will note that a celebrated farm owned by a top govt official in Batangas were CLT that were sold even though they had not expired. Again the rich benefited from the land that the farmers got from the CARP program. As a developer I did not take that development as an opportunity. So I sorely missed the opportunity in Sta Rosa. A classmate did.
Lands covered under the proposed EO are:
- all awarded lands under Republic Act 6657 (Comprehensive Agrarian Reform Program), Presidential Decree 27, and other agrarian reform laws
- agricultural lands with notices of coverage issued by DAR
- irrigated and irrigable lands
- prime agricultural lands
- privately-owned lands with farmer tenants
- agricultural lands being cultivated by farmers, individually or collectively
Is this the start of class war under Duterte? Some called Gina Lopez decision to close mining companies as crazy. Is the Dutertes halo beginning to unravel with anti business policies?
What do you think will happen with this moratorium?
So some hypothesis:
1. Developers will increase their prices; real estate will become more expensive.
2. They will see this an opportunity to create shortage
3. Many will buy and sell units from existing foreclosed mismanaged properties
4. We will see more vertical developments
