Marikina gov’t set to distribute titles to 3-hectare lot to 1,000 beneficiaries

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Marikina City Mayor Marcelino “Marcy” Teodoro ordered the City Land Management and Community Relations Division (LMCRD) to fast-track the processing of documents for the distribution of the newly acquired three-hectare lot in Barangay Tumana to around 1,000 beneficiaries.

Nena Tiglao, LMCRD chief, said that they will submit the subdivision plan and other necessary documents for the land distribution to the City Council on Tuesday.

Teodoro said the lot was purchased from the Philippine Deposit Insurance Corporation which is the liquidator of the Admiral United Savings Bank . In 1984, the AUSB was closed down by the Bangko Sentral ng Pilipinas . Teodoro and PDIC President Roberto Tan led the turnover of the lot’s deed of sale. It was witnessed by the beneficiaries.

 

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That's not so bad. Excluding common road areas, it could go as high as 200sqmeters per family

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