Friday, June 14, 2024

P.A. Properties turns over 43 housing communities to HOA’s

P.A. Properties turns over 43 housing communities to HOA’s

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P.A. Alvarez Properties and Development Corporation (P.A. Properties) has turned over a total of 43 projects to their respective homeowner’s associations in Laguna, Batangas, Pampanga, Bulacan, and Pasay City recently.

Emphasizing the importance of sustainable and organized communities as a crucial and important part of home ownership, the property firm asserts its commitment to create a healthy living environment for both individuals and families as well as safeguarding and enhancing property values and fostering a sense of community among residents and stakeholders.

In Photos: Exciting milestones achieved as St. Joseph Village 7 Phase 5A and St. Joseph Ridgeview 1 witness successful completed project turnovers to homeowners associations

“We believe and recognize the significant benefits that Homeowners Associations (HOAs) could bring to development projects in the long term, said Lawyer Marianne Lina-Cruz, President and CEO of P.A. Properties.

“HOAs are key to shaping up and establishment of responsible community and neigborhood management,” Cruz added.

After project completion and turn over, the HOAs are bound to ensure safety and security within the communities, as well as emergency preparedness in case of any disaster or calamity including the responsibility of overseeing the upkeep and maintenance of shared areas and facilities, such as parks and community centers.

By incorporating HOAs, P.A. Properties aim to foster security and confidence among prospective buyers and clients.

HOAs are likewise bound to ensure diligent management and long-term preservation of the area, thereby enhancing property values in the process. P.A. Properties manages the formation of the HOAs for its developed projects. It supports the HOAs from formation to project turnover, abiding with regulatory requirements.

The company also provides the elected Board of Directors of each village guidance and consulting services on effective management of their HOAs and their respective communities.

About P.A. Properties

Situated in San Pedro, Laguna, P.A. Alvarez Properties and Development Corporation (P.A. Properties) is one of the largest developers of low to medium cost housing communities in Southern Luzon incorporated in 1994. Since then, they have built more than 20,000 housing units across major provinces in the Philippines, with plans to further build additional 20 housing communities within the next 5 years. P.A. Properties is committed to help ease the country’s housing backlog while contributing to the growth of the economy through projects that local government units (LGUs) can effectively utilize, such as donations for the construction of hospitals in Cabuyao; the donation of right of way in Pampanga to support their government civic center; and the establishment of SanJo’s markets in major provinces such as Laguna and Bulacan.