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RA 4123 Section 3

RA 4123 Section 3

Section 3

SEC. 3. The selling price of each lot shall not be more than five pesos per square meter. The purchasers shall be allowed, with no down payment whatsoever, fifteen years from the date of purchase within which to pay the purchase price in one hundred eighty equal monthly installments, with an annual interest at the rate of four per centum on all installments due and payable. They may also pay the price in cash or more than one installment at one time.

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Other provisions in RA 4123

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 4123 Section 3 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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