A Filipino-Chinese businessman was charged before the Makati City Regional Trial Court (RTC) for failing to release the titles to two fully-paid condominium units.
In the charge sheet, lawyer Sultan Firdausi Abbas claimed that he invested his hard-earned money by buying two town house units from the Canyon Woods International Resort and the Tagaytay Grassland, allegedly owned by businessman George Go.
Abbas claimed that Go violated Section 25 of Presidential Decree 957 also known as the Subdivision and Condominium Buyers’ Protective Decree, which requires developers and owners of housing facilities to release the title over the property after full payment.
Makati RTC Executive Judge Rico Sebastian Liwanag issued a warrant for Go’s arrest on October 27. Go posted a cash bond.
In an interview with The Manila Times, Abbas said he invested his hard earned money accumulated from his several years as legal practitioner by purchasing two units of townhouses from Go’s company for P5.27 and P6.46 millions.
He claimed that he has fully paid for the two units but has not been given the titles despite his repeated demands.