11/11/2026
𝐒𝐇𝐃𝐀 𝐢𝐧 𝐀𝐜𝐭𝐢𝐨𝐧
The SHDA delegation, headed by National President Kerwin Padua, Corporate Secretary Atty. Mena Ojeda, Jr., Board Adviser Armenia Ballesteros, and Executive Director Santiago Ducay, together with Ayala Land, Inc. representatives Atty. Marianne Sibulo-Arce and Ms. Shirley Mazon, and SM Investments Inc. representative Atty. Cresencio Meneses, participated in the House Committee Hearing on the Real Property Valuation and Assessment Reform Act (RPVARA) on November 10, 2026. The hearing was chaired by the House Committee on Government Reorganization at the House of Representatives in Quezon City.
In his manifestation, SHDA President Kerwin Padua expressed the association's support for the objectives of House Bill No. 11092 and the deferment of RPVARA's implementation. He also emphasized the importance of a unified and standardized property valuation system for the housing industry, developers, homebuyers, and the government, involving agencies such as LGUs, BIR, LRA, DICT, DILG, and BSP.
Atty. Meneses further discussed SHDA's position paper, highlighting three (3) three major facets of the position paper: 1) Suspension of 4 years from the effectivity of the law to better prepare all stakeholders in terms of capacity-building and training of government personnel and the private sector; 2) For the first three years of effectivity of approved SMVs, extend for a period of 3 years any increase in real property taxes to a maximum cap of 6% to temper the impact on increases of market values and on taxpayers; and 3) Consistency in approach and compliance of Philippine Valuation Standards, as noted that the valuation standards should not be limited by sales data as it should not be treated similarly to undeveloped land.
SHDA also informed the Committee that it had crafted a proposed substitute bill incorporating its inputs and recommendations for further amendments to RPVARA.
Other resource speakers from the Department of Finance (DOF), Department of the Interior and Local Government (DILG), Philippine Tax Academy, Bureau of Local Government Finance (BLGF), and the Bulacan Local Assessors Office raised additional considerations, including:
1. The readiness of LGUs and the need for further capacity-building for the 233 LGUs that have already submitted SMVs
2. The need to provide stakeholders with more time to prepare and update their SMVs.
3. The importance of multisectoral collaboration among government agencies, LGUs, and private stakeholders.
The hearing concluded with Committee Chair Salvador Pleyto endorsing the working draft bill, which uses the provisions of HB 11092, to the House Committee on Ways and Means for further study and deliberation.
