Megaworld asks housing body to junk Binondo case

By Max V. de Leon, BusinessMirror

Posted at Nov 07 2012 08:37 AM | Updated as of Nov 07 2012 04:37 PM

MANILA, Philippines - Megaworld Corp. has petitioned for the immediate dismissal of a complaint filed against it with the Housing and Land Use Regulatory Board (HLURB) for alleged use of manufactured titles.

In a petition it submitted to the HLURB on October 29, the publicly listed property developer said the pleas of complainant Nesco International Development Corp. to revoke the certificate of registration, license to sell and development permit for The City Place project in Binondo, Manila, should be dismissed outright.

In a statement, Megaworld said Nesco’s pleas were “all absurd and baseless.”

Nesco, in its complaint, said it is a secondary injured party in the case, since it is the owner of the property that the city government of Manila used as relocation site for the buildings that were removed to give way for the construction of The City Place and Lucky Plaza Mall. Nesco asked HLURB “to cause, among other things, the recall of all condominium certificates of title and their derivatives issued therefor on the ground that the city of Manila and Megaworld’s submitted land titles appear to be highly questionable, infirm and dubious.”

But Megaworld said Nesco has absolutely no ownership rights over the property it is claiming.

“Nesco illegally occupied a two-story commercial building on a government property in Numancia, Binondo. The city government of Manila demolished the said property to prepare the site for its redevelopment,” Megaworld said.

The listed firm also made it clear that it has no business relationship whatsoever with Nesco.

Megaworld contends that the memorandum of agreement it signed in April 2006 with the city government of Manila, after a successful public-bidding process, was a build-and-transfer arrangement for the construction of public-school buildings with residential quarters for the faculty, among other things.

“While the pertinent legal issues that Nesco raised are fully rebutted in its answer filed with the HLURB, the company maintains that Nesco has no legal basis to ask for a revocation of the permits for The City Place since it is not a buyer of any unit within the aforementioned property,” it said.

“In conclusion, with the successful transfer of the Rajah Soliman High School and Jose Abad Santos High School to their new site, plus the development of The City Place in the heart of Binondo, Megaworld believes that it has fully abided by the national government’s and the city government of Manila’s directives to spur the redevelopment of and economic growth in Binondo,” Megaworld added.