DMCI: We reached settlement with over 20% of Ecoland 4000 residents

Consunji-led DMCI affiliate, Urban Property Developers, Inc. (UPDI), announced Saturday that as of January 10, 2020, it has reached a settlement with over twenty percent of the residents of Ecoland 4000 Condominium.

The five-story Ecoland 4000 building was declared unsafe after it was hit and partially damaged by the magnitude-6.5 temblor that shook Mindanao in October 2019.

Shortly after the quake, Davao City Mayor Sara Duterte said that 15 to 20 units of the condo building had tenants.

RELATED: Strong quake damaged condo in Davao City

"We have ongoing discussions with the rest of the unit owners to finally settle this matter," the UPDI wrote, in a press release. 

"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 UPDI added.

The statement was issued after Duterte threatened to not grant a government permit to the DMCI on Friday.

RELATED: Duterte warns DCMI

"Unahin mo 'yung problema mo sa tao.’ Kay kung builder ka, Consunji ka man o hindi, 'pag naasar ako sa iyo, I will not grant you any permit to dig," Duterte said.

The DMCI also has a stake in water firm Maynilad, one of the two water concessionaires whose contracts were deemed as onerous by the government. —Angelica Y. Yang/LBG, GMA News