Realtors group wants national housing program as economic stimulus

May 1, 2009 11:18 am 

CEBU CITY, April 29 – The national chapter of the Chamber of Real Estate and Builders Association Inc. (Creba) has urged the National Government to come up with a national housing program that will not just address the housing backlog in the country, but also create more jobs.

Creba director Jimmy Cura said if the government will consider the multiplier effect of real estate development, the industry would be able to provide stable sources of income to a number of unemployed Filipinos.

Cura led a panel discussion participated in by government agencies and private companies during Creba Cebu’s recent induction of officers.

Based on a formula used by real estate developers, every house that is constructed would mean 60 jobs, Cura said.

He said the housing industry can be an economic stimulus.

But to help the government, Cura also encouraged players in the real estate industry to actively participate in the local planning board.

He said that with their participation, the industry would be able to positively influence the planning processes of the local government.

Cura also said the government should invest more on infrastructure projects that would allow tourists to access “the many gems” in the country.

If the needed infrastructure — like airports, bridges and roads — are in place, Cura is confident that the country would have 10 million tourist arrivals in a year.

He said that compared to its neighboring countries, the Philippines being an island nation, is at a disadvantage because the country is unable to enjoy border tourism like Malaysia and Thailand. (PNA)

DCT/EB/re

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