Implications of a territorial dispute

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What are the implications in the tug- of-war between Makati, Taguig (and recently, Pateros) in their legal claim of the revenue-rich Bonifacio Global City-Fort Bonifacio area? Real estate experts recently enumerated to Inquirer Property the five implications created by the continuing land dispute. The negatives are: growth curtailed, reduced confidence of tenants, confusion, and various interpretations of the decision. However, there is also a positive implication whether the commercial properties are determined to be located in either Makati or Taguig. The cost of operations is lower if the business address is in Taguig, while real property taxes for commercial properties would be lower if they were in Makati’s jurisdiction.

Taken from

http://m.inquirer.net/business/?id=137497

Jonas Montemayor
Real Estate Broker
PRC Reg.No.: 7396

Member: Philippine Association of Real Estate Boards – City of Taguig Real Estate Board

Telefax: 926-7420

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