Development Entrepreneurs

I n 2010 it was estimated that out of 24 million parcels of land in the Philippines that could be titled, 50% or 12 million remained un-titled. Of these, 4 million are agricultural lands while 8 million are residential lands - the kind of lands that are in the center of each Municipality or City, which also tend to be the more expensive lands.   It was also estimated that the total number of new titles being issued each year was around 5,000.  There are many reasons for this.  Titling requires survey, and by then a huge number of LGUs had not been surveyed yet - by some estimates, 70%.  There were two ways to get titles for residential land - you can buy the land from government (Miscellaneous Sales Application), or you can file a legal claim for the title (judicial process). Both required the kind of expenses that are beyond most of the capability of public land occupants. 12 million divided by 5,000 - it would take us 1,600 years to completely titl...