Still no new model for updating real property tax rates in Cebu City

Wenilyn Sabalo 06/14/2023

CEBU CITY, Philippines — Four months after Cebu City Mayor Michael Rama vetoed City Ordinance No. 138-2022, which increases the real property tax (RPT) rate, the city’s executive department has yet to introduce a new model for…

Councilor on revising real property tax ordinance: Consider the plight of businessmen, taxpayers

Wenilyn B. Sabalo 02/16/2023

CEBU CITY, Philippines — As the Local Finance Committee of Cebu City’s (LFC) executive department is currently preparing a new proposal after Mayor Michael Rama rejected the ordinance approved by the council on raising the real property…

Mandaue real property owners to get 20% tax discount

Mary Rose Sagarino 03/05/2022

MANDAUE CITY, Philippines — The Mandaue City Government will be giving a 20 percent tax discount to real property owners. Lawyer Regal Oliva, Mandaue City Treasurer, said they have already advised the city’s real property owners not…

Metro Cebu office space market draws interest from Manila occupiers

Rosalie O. Abatayo 09/24/2020

CEBU CITY, Philippines — Interests for office spaces in Metro Cebu have notably increased in the third quarter of 2020, despite the challenges faced by the real property sector amid the pandemic. This development was noted by…

Cebu City Council passes tax amnesty ordinance

Delta Dyrecka Letigio 08/14/2020

CEBU CITY, Philippines — The Cebu City Council has passed in third reading the Tax Amnesty ordinance which would provide tax relief to delinquent taxpayers of real property taxes (RPT) and business taxes from the year 2019…

Castillo: Grant of tax amnesty to improve Cebu City’s collection efficiency

Delta Dyrecka Letigio 11/05/2019

CEBU CITY, Philippines — Cebu City Treasurer Jerone Castillo is pushing for the passage of an ordinance that proposes the grant of amnesty to business owners with unpaid taxes incurred in the previous years. The grant of…

Mayor ‘threatened to cancel’ contract to get developers to pay city

Jose Santino S. Bunachita 08/14/2015

The Bando-Osmeña Pundok Kauswagan (BO-PK) bloc in the Cebu City Council yesterday said they are not against the sale of South Road Properties (SRP) lots  per se. “We want to help Cebu City. We are not against…

Wei Kiat officials lead groundbreaking of La Nivea

Vanessa Claire Lucero 06/30/2015

Executives from the Singaporean company Wei Kiat Management and Developments Inc., led the official groundbreaking of La Nivea at Nivel Hills today. Wei Kiat Management and Development aims to build affordable housing for the working class. A…

36 want to redeem forfeited lots in Cebu City

Jose Santino S. Bunachita 06/23/2015

At least 36 taxpayers expressed interest to redeem their real properties that have been forfeited in favor of the Cebu City government for tax delinquency. The real properties include a mix of commercial, residential and agricultural lands…

Expropriation to gain right-of-way pushed

Aileen Garcia-Yap, Ambeth R. Ocampo 05/25/2015

Negotiated sale takes too long, says MCDCB   The Metro Cebu Development and Coordinating Board (MCDCB) is optimistic that the proposed amendments to the right-of-way law will be approved within this year. University of Cebu Law Professor…

Developer repositions Argao project

Aileen Garcia-Yap 05/19/2015

Primary Homes Inc. (PHI) has repositioned its project in Argao town as an investment and vacation home. The developer has also increased its investment in Argao Royal Palms to P500 million from P300 million. Ramero F. Espina,…

SMS-based system is a new way to reach property buyers in Cebu

Aileen Garcia-Yap 04/15/2015

LAMUDI.COM.PH is targetting the large number of Filipinos not connected to the Internet with their newest Dial4Home service. They hope this new service will help bridge the gap between online and offline segments in the market and…

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