presidential decree no. 1517

What is an Area for Priority Development and Why it is part of Due Diligence ?

Several years ago a Seller in a Metro Manila was going through a Bank's requirement for a commercial property loan and just when the loan was approved, a status on the property showed up which required clearance from the Housing and Land Use Regulatory Board ( HLURB ) as the site was listed as an Area for Priority Development ( APD ). Due diligence has been done from the Register of Deeds ( clean title...

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