Urban Property Developers Inc. (UPDI) has assured President Duterte that it is committed to resolving its issues with the affected unit owners of its Ecoland 4000 condominium.
In a statement, UPDI revealed that 20 percent of the residents of the damaged building had already agreed to a settlement as of Jan.10
The five-story Ecoland 4000 building was declared unsafe after it was hit and partially damaged after a 6.5 magnitude quake shook Mindanao last October.
“We have ongoing discussions with the rest of the unit owners to finally settle this matter,” UPDI said.
“We would also like to assure President Rodrigo R. Duterte and our unit owners that we are fully committed to resolving this issue in a fair manner at the soonest possible time,” the property firm added.
UPDI issued the statement just a day after Duterte threatened to ban DMCI Homes.