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Manila Bulletin devider Philippines devider Muntinlupa LGU extends deadline for redemption of acquired real properties

Muntinlupa LGU extends deadline for redemption of acquired real properties

Published Jun 7, 2021 01:50 pm

The Muntinlupa City government has extended until the end of the month the redemption of real properties it acquired.

According to City Ordinance 2021-206, the redemption of real properties the city government acquired and which were included in the public auction sale in 2014, 2015, 2016, and 2017 is until June 30 from the previous Dec. 30 last year.

A notice of auction sale of delinquent properties in 2017 (City Treasurer’s Office / MANILA BULLETIN)

The Muntinlupa City Council enacted Ordinance 2020-138 on Sept. 28 last year that extended the redemption period for the properties until Dec. 30 last year.

The Local Finance Committee recommended extending the redemption period until June 30 as the “city government is in need of funds to cover COVID-19 response and its resources are slowly depleting as tax collection is adversely affected by the pandemic.”

According to the City Treasurer’s Office, an estimated P55 million can be generated from the auctioned properties when delinquent property owners would be given the chance to redeem them.

“The grant of extension to redeem is advantageous to the City Government considering that most of the auctioned and acquired properties were small in area, hence a government project is not practicable to be ventured into such properties,” according to the new ordinance.

The City Treasurer’s Office released an announcement on social media and posted posters and tarpaulins in conspicuous places informing the public about the deadline.

For more information, you may coordinate with the City Treasurer’s Office-Muntinlupa at 8862 2525 loc. 198 and 303.

Related Tags

redemption of acquired properties Muntinlupa real property
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