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The Housing and Land Use Regulatory Board is responsible for approving condominium plans, as this body oversees land use and housing development in accordance with the law. Its role includes ensuring that the development aligns with established regulations, zoning ordinances, and urban planning principles.

This regulatory framework is essential to protect both the interests of developers and the public, facilitating orderly growth and the provision of adequate housing. By reviewing condominium plans, the board ensures that they meet safety, environmental, and community standards—thereby playing a critical role in managing housing development effectively.

The other options listed, although related to economic planning and development, do not have a direct mandate for the approval of condominium plans. NEDA focuses on national development planning and policy coordination, while the Department of Budget and Management handles government budget processes. The National Economic and Development Authority serves more on a macroeconomic and strategic planning level, rather than on specific housing approvals. Thus, the Housing and Land Use Regulatory Board is the correct and relevant regulatory authority in this matter.