Several homeowners of a Quezon City subdivision built by Sta. Lucia Realty and Development Inc. of billionaire Exequiel Robles complained of harassment from a group of men hired by 8990 Housing Development Corp., which is insisting on its ownership of the property.
Sta. Lucia Realty is a subsidiary of Sta. Lucia Land Inc., a publicly-listed company that reported a net profit of P2.84 billion in 2021. 8990 Housing Development Corp. is a wholly-owned subsidiary of publicly-listed 8990 Holdings Inc. led by chairman emeritus Luis N. Yu Jr. that earned a P7.2-billion net income in 2021.
“We, legitimate homeowners at Vista Real Classica Village and victims of land dispute between the two multi-billion-peso property developers, feel harassed and threatened with eviction,” the homeowners said.
The tension started on August 17, 2022 when the lawyers of 8990 Housing Development sent a letter to the concerned residents of the reconstituted Lot 116 to inform them that 8990 security guards were deployed on strategic points in the area to enforce the writ of execution issued by the Quezon City Regional Trial Court Branch 104 on June 7, 2022.
The homeowners said about 30 non-uniformed individuals arrived in the area, which is subject of the court litigation, on Aug. 17. “We were caught off-guard by these actions of 8990 Housing personnel. As of now, we are still not aware of the full status of the case between Sta. Lucia Realty and 8990 Housing. We are very much concerned as homeowners, and we hope that Mr. Exequiel Robles as the developer can ably protect and support us,” the homeowners said.