'Most expensive parking building in the world'
Louis Bacani (The Philippine Star) - August 20, 2014 - 11:07am

MANILA, Philippines - The Makati City Hall II parking building is overpriced by up to 300 percent and could be the most expensive parking building in the world, according to the lawyers who filed a plunder complaint against Vice President Jejomar Binay and Mayor Junjun Binay.

Testifying at a Senate hearing on Wednesday, Atty. Renato Bondal claimed that the carpark building was overpriced at P2.7 billion, an amount that includes fixtures and furniture.

"Lumalabas po na ang pinagmamalaking Makati parking building ang pinakamahal na parking building sa buong mundo," Bondal said.

Bondal claimed that the controversial building had an average cost per square meter of P84,000.

"Tatlong daang porsyento ang naging bukol ng taong bayan ng Makati. Dagdag pa po diyan, karamihan po sa ginamit na pera sa pagapapatayo sa building na 'yan ay galing sa utang," Bondal said.

"Dalawang bilyon ang bukol at kinita ng mga Binay sa building na ito," he added.

Bondal said the building has 11 floors, 31,928 square meters, five parking floors, five office floors and a basement.

He also compared the Makati parking building to other buildings in the city, such as the P2-billion, 46-storey Shang Grand Tower that only had an average cost per square meter of P40,000.

The Binays had repeatedly denied that the building was overpriced.

BINAY BINAYS BONDAL BUILDING DAGDAG DALAWANG MAKATI MAKATI CITY HALL RENATO BONDAL SHANG GRAND TOWER VICE PRESIDENT JEJOMAR BINAY AND MAYOR JUNJUN BINAY
  • Latest
  • Trending
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

SIGN IN
or sign in with