My apology to the readers of The Manila Times who emailed me their issues concerning some problems that I have written about in this area. To the ones who’ve proceedings against condo builders, I advise they write without delay to the Housing and Land Use Regulatory Board (HLURB).
Hopefully, HLURB could act on such complaints from condominium customers. If no longer, Due Diligencer is open to guidelines. Maybe, it’s time to expose the penchant of some, or a few property developers, for making an unfair amount of cash at the price in their customers.
Will HLURB listen or maybe acknowledge letters from rental unit buyers?
I don’t have the answer. As a remember of fact, I recognise HLURB handiest as a regulatory authority. I need now not research on it and its capabilities; its name by myself indicates what it is and what it should do. If it fails to perform its obligations nicely, housing and rental unit consumers will have no other recourse but to simply accept their destiny and charge the loss of their tough-earned money to experience.
I actually have had my percentage of gripes towards SM Development Corp. (SMDC), which is owned by way of businessman Henry Sy Sr. And his circle of relatives. As a matter of truth, some readers reacted to a chunk I wrote on Aug. 23, 2015, titled “Buying an SMDC apartment unit isn’t constantly fun.” They expressed sadness over their acquisitions of the apartment units. (If interested to study the article, get entry to http://www.Manilatimes.Net for Due Diligencer.)
Higher-priced than others
Lito Anda, a reader of The Manila Times, asked in an e-mail why “conglomerates are not born identical.” The word in quotations marks is his. His letter follows:
“I am just questioning why investors give greater top rate to the stock prices of a few conglomerates and most effective deliver discounts to the prices of others.
“For instance in the assets quarter, SMPH (SM Prime Holdings Inc.) and ALI (Ayala Land Inc.) command a marketplace [price] of 4 instances their ebook values, even as CPG (Century Properties Group Inc.), MEG (Megaworld Corp.) and VLL (Vista Land & Landscapes Inc.) are priced even lower than their e-book values.
“That’s no longer all.
“When it involves PE (price profits) ratios the two conglomerates are manner in advance of their peers. The PE ratios of SMPH and ALI are at the least 30 while that of CPG, MEG and VLL is beneath the same old PE ratio of 15. CPG even got only 4 PE ratio while VLL has most effective less than eight and MEG has less than 12. I am surely wondering why.
“Does the market perceive the SYs and the AYALAs as more trusting [confident] that they can develop their businesses and be extra stable than the Antonios, Tans and Villars? Can you shed some mild on these obtrusive differences?
“On the opposite hand, is it now the first-class time to build up shares [in the companies owned by the] Antonios, Tans and Villars even as they’re still at good deal degrees (this is, making use of Warren Buffet’s value investing principle)?
Or simply go along with the crowd due to the fact the ones are what they cost greater? When it involves experience in walking their groups, the alternative 3 aren’t left in the back of. They also are extremely good and damn critical. But why is that so? Even their characters are properly respected within the industry.
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