Boracay Real Estate Owners Eager to take Hold of their Prized Land Titles (As DENR Commenced Boracay Land Survey)

Boracay, Philippines (PressExposure) October 22, 2009 -- The occupants and claimants of land on Boracay Island, Philippines may have their prized Philippine beach properties titled soon after the Department of Environment and Natural Resources (DENR) announced the start of a cadastral survey of the island.

DENR Secretary Lito Atienza Jr. said the survey, which would identify property lines, would be the basis for the issuance of titles for areas classified as alienable and disposable. The field survey covers the whole 1,032-hectare island and is expected to be completed within five months. Only about a third of the land on Boracay Island, Philippines has titles while the rest is occupied through tax declarations after the island resort was declared government property. Atienza said the survey was in line with a Supreme Court ruling on land ownership on the island.

On October 8, 2008, the Supreme Court affirmed Proclamation 1064 issued by President Gloria Macapagal-Arroyo on May 22, 2006 which classified 628.96 hectares or 60.94% of the 1,032-hectare island as alienable and disposable on the premise that the whole of Boracay was government property.

Land claimants and owners who have long invested millions of pesos on Boracay Island feared that they might lose their Philippine beach properties to other investors because of the proclamation and Supreme Court ruling. A Boracay house for sale is a highly-prized property, hence the explicable anxiety of Boracay residents and property owners.

Atienza assured those with legitimate claims that their titled lands would be respected in the titling of properties while those covered by tax declarations would be reviewed to check on when and how the declarations were acquired. Investors are positive about this development, as they prepare plans to invest more on Philippine beach properties especially in the highly coveted Boracay, Island Philippines.

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Press Release Submitted On: October 22, 2009 at 12:54 am
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