Manila, Philippines –Some P6.047 billion worth of residential lots and buildings of the National Housing Authority earmarked for sale or disposal but have been left untended and deteriorating for over ﬁve years now, the Commission on Audit revealed in its 2011 report.
COA said P2.1 billion of these properties are scattered all over Metro Manila, P2.91 billion in Southern Luzon and Bicol provinces, P831.85 million in Northern and Central Luzon, P165.07 million in the Visayas, P35.11 million in Mindanao and P2.95 million under the Estate Management Department. In addition, auditors said acquired assets valued at P1.416 billion have been in NHA’s inventory for one to five years and another P95.03 million worth that are listed as “current”.
Taken together the inventory of items for disposition or sale totaled P7.56 billion consisting of P5.476 billion worth of land, P2.012 billion buildings and P70.34 million acquired assets. COA said the assets in the inventory “are currently unoccupied and available for disposition by the NHA.” (Rolly T. Carandang)
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