PHILIPPINE REAL ESTATE and RELATED NEWS in and around the country . . .

Baguio lifts buildings height ceiling

By Dexter A. See | Posted on Nov. 03, 2012 at 12:01am
[ ]

Baguio City — The local government has yielded to the clamor of the business sector led by developers to lift the ban on high rise and allow 12-storey buildings to buttress the city’s stature as an investment capital.

Lawyer Alexander Bangsoy, a member of the Chamber of Real Estate Brokers Association in the Cordillera, commended the move as timely.

“Baguio City is one of the favorite destinations in the country,”  he said, noting that around 20 developers have lined up condominium and subdivision projects because of the relaxed building height requirement.

Earlier, the brokers and the Philippine Chamber of Commerce and Industry Baguio-Benguet Chapter petitioned Mayor Mauricio Domogan to revamp the six-storey limit to make Baguio most business-friendly.

The Mines and Geosciences Bureau pegged the 12-storey threshold based on ground stability from data obtained in geohazard surveys.

Dennis Sy, PCCI chapter president, said vertical expansion would boost the economic growth potential of the 57-square kilometer city limits.

In Metro Manila, high-rise clusters have mushroomed in central business districts in Libis, Quezon City, Taguig Global City along with Ortigas Center in Mandaluyong and Pasig among other growth hubs.

Developers took keen interest on the rezoning along Edsa in Mandaluyong where Wack Wack residents wanted to impose the four-storey limit incorporated in their subdivision plan.

“It is a good business decision because more developers will be enticed to put up high-rise structures,” Sy said.

Baguio authorities set a six-storey limit after the magnitude 7.8 earthquake on July 16, 1990 which devastated the city and left more than 1,600 people dead mostly buried under the rubble.

The city has since rebounded to attract businesses led by retail giant SM and its mall at the former site of Pines Hotel together with Camp John Hay and its hive of locators in the former American military rest and recreation facility.

real estate central philippines
Copyright ©2008-2018