By Louella D.
Desiderio (The Philippine Star) | Updated May 2, 2013 - 12:00am
MANILA,
Philippines - Two units of home builder Vista Land and Lifescapes Inc. are
seeking registration with the Board of Investments (BOI) to enjoy tax perks for
the expansion of their mass housing projects.
Household
Development Corp., in a published notice, “is applying for registration with
the BOI as expanding developer of low cost mass housing project (Cerritos Hills
Phase 1) with a capacity of 54 low-cost mass housing units on a non-pioneer
status.”
The firm’s
project is located in Brgy. Molino IV, Bacoor in the province of Cavite.
In a separate
published notice, Communities Tarlac, Inc. has likewise filed an application
for registration “as expanding developer of low cost mass housing project
(Camella Tarlac Ph 3) with a total capacity of 171 low-cost mass housing units
on a non-pioneer status.”
Camella
Tarlac is located in Brgy. Maliwalo in Tarlac City.
The two firms
would get income tax holidays and other incentives should the BOI decide to
approve their applications.
The
government offers incentives for preferred activities listed in the investment
promotions blueprint, the Investment Priorities Plan (IPP).
The 2012 IPP
has listed mass housing as a preferred activity.
Other
preferred activities are agriculture,
agribusiness and fishery; creative industries or knowledge-based services;
shipbuilding; energy; infrastructure; research and development; green projects;
motor vehicles; strategic projects; disaster prevention, mitigation and
recovery projects; iron and steel; and hospital or medical services.
Household
Development is under one of Vista Land’s business units, Camella Homes, Inc.
Communities
Tarlac meanwhile, falls under the business unit Communities Philippines, Inc.
Other
business units of Vista Land are Brittany Corp., Crown Asia Properties, and
Vista Residences, Inc.
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