Where – and how much – are the properties linked to Martin Romualdez?

The extent of former House speaker Martin Romualdez‘s wealth is being unraveled as he continues to face scrutiny over the flood control controversy.

Rappler has uncovered three multimillion-peso properties linked to Romualdez, a cousin of President Ferdinand Marcos Jr. Each property is detailed in a separate exclusive report, linked below.

A consistent pattern emerges across these transactions. The properties are held under company names, with corporate officers who are close business associates and Upsilon fraternity brothers of Romualdez, based on public records and documents reviewed by Rappler.

The possibility remains that more properties are connected to the same network. You may send information, documents, or leads to investigative@rappler.com that you think may help advance ongoing investigations.

SOTOGRANDE, SPAIN – P445 MILLION

A mansion in the exclusive Sotogrande community in Spain was purchased by a Singapore-registered company named CECIL PROPERTY PTE LTD in January 2024. Real estate listings from 2021 and 2023 indicate that it was being offered for between 6.5 million and 6.9 million euros (P444.5 million to P471.8 million). 

Individuals linked to this company are connected to Romualdez. One is lawyer Jose Raulito Paras, the former House speaker’s business associate and Upsilon fraternity brother. The other one is a controversial Malaysian businessman named Jaya Sudhir, whose wife Crystal Jacinto is seen as being close to Romualdez himself.

Read more:

• Multi-million-euro Spain property links to Romualdez
• Malaysian shareholders surface in Romualdez-linked multi-million-euro Spanish property

MASSACHUSETTS, USA – P130.5 MILLION

Romualdez transferred a $2.24-million (P130.5 million) property — a 6.25-acre (2.5-hectare) estate in Dover, Massachusetts — to newly-created AMMY INC. for just $1 in July 2025.

Lawyer Andrew Casiño, the corporation’s listed director, sits on the board of directors of the Romualdez-owned Benguet Corporation and is also his fraternity brother.

Read more:

• Martin Romualdez transfers P130-M US property to corporation for just $1

SOUTH FORBES PARK, MAKATI – P1.665 BILLION

A house in the posh South Forbes Park Village in Makati was bought in 2023 by Golden Pheasant Holdings Corporation for P1.665 billion (US$28 million)*. The company’s president and 99.9% shareholder is lawyer Jose Raulito Paras, Romualdez’s fraternity brother and business associate.

Two witnesses alleged during a Senate blue ribbon committee hearing on Monday, January 19, that it was controversial contractor Pacifico “Curlee” Discaya who renovated a house for Romualdez. Discaya denied the allegation.

This is also the same house that resigned lawmaker Elizaldy “Zaldy” Co cited as the place where he was allegedly instructed to deliver money for Romualdez.

Read more:

• Martin Romualdez associate buys Forbes Park house for P1.67 billion
• Discaya renovated Romualdez’s Forbes Park house — eyewitnesses

– Rappler.com

*US$ = P59.20