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Developers deny giving Binay condo unit

Vice President Jejomar Binay

Five big time property developers denied on Wednesday giving Vice President Jejomar Binay a unit in each condominium built in Makati City in exchange for tax and building permit concessions.

Ernesto Mercado, the witness in the alleged corruption where Binay is embroiled in, claimed before the Senate on Tuesday that SM Development Corp. (SMDC), Megaworld Corp., Robinsons Land Corp. (RLC), Rockwell Land Corp. and Eton Properties were among the companies that gave Binay units.

Only Ayala Land Inc. did not give condominium units to Binay in exchange for concessions, Mercado added.

“This is not our business practice nor have we encountered a request of this nature,” said Bernard Vincent Dy, president of Ayala Land, whose crown jewel is the Makati central business district.

“No, we don’t do that,” said Harold Geronimo, Megaworld’s head of public relations and communications.

“We started our Makati condo project late 2010 and Vice President Binay or any member of his family has no unit or units in our project,” SMDC said, referring to the four-tower Jazz Residences in Bel-Air Makati, a residential complex which has its own mall—Jazz Mall.

“Our records bare no history of any transaction with Vice President Binay nor his family members. And neither is there any unit currently registered under the ownership of the Vice President nor his family members,” Rockwell Land said.

“Eton did not and will not give any condominium unit to any politician or government official in exchange for preferential treatment as Eton maintains a policy of complying with all LGU (local government unit) regulations for all its development,” Eton Properties of the Lucio Tan group said.

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