The Project Review : Philippine Real Estate News and Update

News and updates on real estate developments and projects; current event news updates; property listings; home and architecture; laws and regulations; education and seminars; people; ecology and environmental issues; geography and history; places of interest and events; travel and tourism; tips and how to; others matters allied to the the Philippine real estate industry. Trivia and rants on anything under the sun.

Wednesday, June 12, 2013

Events : Philippine Independence Day - June 12, 1898

This post is dedicated to all the unsung and unknown heroes who fought and sacrificed their lives for the independence of our country. There were many of them. Many are nameless and unremembered, no markers on their graves as heroes. They didn't have marble niches or monuments, and maybe some didn't even have decent burials and graves. They are our unsung heroes.

We the present generations are enjoying freedom because of their bravery and sacrifices. We owe our independence to these nameless and faceless heroes. 

115th Anniversary of the Philippine Independence Day

Free Clipart

 Maligayang Araw ng Kalayaan 


Ang bayan ko'y tanging ikaw
Pilipinas Kong Mahal
Ang puso ko at buhay man
Sa iyo'y ibibigay

Tungkulin kong gagampanan
Na lagi kang paglingkuran
Ang laya mo'y babantayan
Pilipinas kong Hirang...

Composer : Dr. Francisco Santiago
Lyricist : Ildefonso Santos

Video Source : You Tube - by AJ Villanueva
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Sunday, June 02, 2013

Information : PHIVOLCS - Valley Fault System Maps

I never thought I would actually encounter this kind of a listing. . . .

A few weeks ago, a fellow RESP and I got a real property listing from a house owner. It's a beautiful house and lot in a very nice location in Pasig City. I was suppose to offer the property to a client, but decided to first check the location of the property with the PHIVOLCS-Valley Fault System Maps just to make sure the property doesn't straddle on an earthquake fault line. Pasig City has its own share of this geological anomaly being part of the West Valley Fault Line. I'm glad I checked because I found out that the property is literally on the edge of an active fault line.

According to Phivolcs (Philippine Institute of Volcanology and Seismology), a house near a fault line is safe as long as the house has a buffer area of five or more meters from the actual fault line. 

Many real estate service practitioners are familiar with earthquake fault lines, but many are not familiar with the availability of the Valley Fault Maps which give the exact location of the fault lines in cities and towns which are part of the West Valley Fault Line. I'm sure the owner of the house who gave me the listing is also not familiar with the PHIVOLCS-Valley Fault System Maps. And I'm very sure that he didn't know the lot he built his house on lies on a fault line. He would never have built a house in that lot if he knew about it. Perhaps, he recently found out about it and wants to dispose the property.

Anyway, I decided not to offer the property anymore, and exclude it from my listings. 

There is an important lesson to learn from this experience, as real estate service practitioners, we need to give due diligence not only on the documents of the properties we deal, but also on the environmental and geological information concerning the properties. RESPs Beware!

Pasig City Fault Line  Map
Click map to enlarge
Valley Fault System Index Map

Click link below for Pasig City Valley Fault Line Map [PDF Format] :

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