REVENUE MEMORANDUM CIRCULAR NO. 36-2014 issued on May 8, 2014 clarifies the price ceiling of socialized lot only pursuant to Revenue Regulations (RR) No. 11-97, RR No. 17-01 and Housing and Urban Development Coordination Council (HUDCC) Resolution No. 1, Series of 2013.

            The P 450,000.00 price ceiling for socialized housing applies to house and lot package. If only a lot is sold, the price ceiling should only be P180,000.00 per lot.