Wednesday, November 12, 2014

CA: Engr. Ben Sia owns IBM lot at CBD

NAGA CITY—A Court of Appeals decision penned by Associate Justice Noel Tijam recognized Engr. Ruben "Ben" Sia as the legitimate owner of the lot in which the IBM building stands at the Ninoy and Cory Aquino Avenue at Barangay Triangulo here.

Map via Google Maps
The court ruled against businessmen Romy Tan and Robert Obiedo, who funded the construction of the P30-million IBM building in front of SM City Naga.

The lot on which the IBM building stands measures one hectare.

In the same decision, the court held that the two hectares of land behind SM City Naga up to the road at St. Joseph School belongs to Sia.

Sia originally owned 27 hectares of land in the area. Four of these are now occupied by SM City Naga, two were donated to the Central Business District (CBD) Terminal, now the Bicol Central Station, and 1.2 hectares to the Jesse M. Robredo Coliseum.

Sia is currently the president of Ruby Shelters Builder and Realty Development Corporation.—by EGV, BICOLSTANDARD.COM

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