Question & AnswerQ&A (PRESIDENTIAL DECREE NO. 1224)
The main purpose of Presidential Decree No. 1224 is to define the policy on the expropriation of private property by the government for socialized housing upon payment of just compensation.
'Public use' includes acquisition by the government for the purpose of socialized housing, which means the construction of dwelling units for the middle and lower class members of society, including the construction of supporting infrastructure and other facilities.
Just compensation is determined by choosing between the value of the real property and improvements as declared by the owner or administrator or the market value as determined by the city or provincial assessor, whichever is lower.
Upon the filing of the petition for expropriation and the deposit of the amount of just compensation, the government or its authorized agency shall immediately have possession, control, and disposition of the real property and improvements, even if the issues are still pending resolution in the courts.
No, the government is to choose the lower value between the owner's declared value or the market value determined by the assessor for just compensation purposes.
The decree targets the construction of dwelling units for the middle and lower class members of society.
No, the government must pay just compensation to the property owner upon expropriation for socialized housing.
Yes, it applies to acquisition by the government either by itself or through any authorized agency or entity.
The decree took effect immediately upon its signing on October 21, 1977.