Summary
RMC No. 49-2024 circularizes Joint Memorandum Circular No. 2023-003, Series of 2023, of the Department of Human Settlements and Urban Development (DHSUD) and the National Economic and Development Authority, adjusting socialized housing price ceilings.
Key points
- Socialized subdivision projects. The price ceiling set by HUDCC Resolution No. 1, series of 2018, is adjusted to ₱850,000.00. The minimum floor area is 28 sqm with a loft of at least 50% of the base structure, or 32 sqm.
- Socialized condominium projects. The tiered ceiling under HUDCC Resolution No. 2, series of 2018, is adjusted by unit size. For 22 sqm units it is 933,320 for 4 floors, 1,000,000 for 5-9 floors and 1,320,000 for 10 floors and above.
- Other tiers. For 25 sqm units the ceilings are 1,060,591, 1,136,364 and 1,500,000 for the same floor ranges. For 27 sqm units they are 1,145,438, 1,227,273 and 1,620,000.
- Land costs. The condominium ceilings exclude land and land development costs. The DHSUD Secretary may approve those costs, provided the maximum selling price does not exceed ₱1,800,000.00.
Who is affected
- Developers of socialized subdivision and condominium projects
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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