by: Sun.Star Davao (Billboard Section)
08 October 2015
THE 24th Subdivision and Housing developers Association Inc. (SHDA) national developers’ convention was held from September 17 to 18, 2015 at the Makati Shangri-La. With the theme: “Building a Million dreams: Stronger in Synergy, Towards a Green & Sheltered nation,” the convention gathered members of the association from all over the country to discuss challenges, issues, and opportunities facing the Philippine housing industry.
The theme prepares SHDA thrust to eliminate housing backlog by building 1 million homes by next year as part of the Philippine Housing Industry Roadmap 2011-2030.
Among the many concerns of developers is whether it is prudent to invest and what are the potential growth areas.
dr. Karl Kendrick chua, senior country economist of the World Bank, speaking on the Long Term Prospects of the Philippine economy, allayed fears, saying: “now, more than ever, we are experiencing the strongest macroeconomy, so that instead of focusing on short-term stabilization, we can now focus on the long-term.”
He explained that the Philippines has a young population, and this means strong growth for 35 years. Add to that the strong remittances from OFWS—THESE almost guarantee 10 percent nominal growth per year. He did posit that it is important to solve the poverty by growing the middle class.
“The Philippines has what it takes to eradicate extreme poverty and boost shared prosperity within one generation… if we work together by accelerating and implementing important reforms,” he said. Expanding Meanwhile, eleazar Ricote, deputy executive director of the Public-Private Partnership center said that there are many opportunities within the sphere of PPPs for real estate business. Among them, he mentioned the following: daang HARI-SLEX Link Road, LRT Line 1 cavite extension and o&M Project, the Mactan-cebu Airport, the cavite-Laguna expressway, the Laguna Lakeshore expressway dike Project, and the north-South Railway Project (South Line). These open up opportunities for housing professionals to expand there.