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The Industry Scene

Industry confab ratifies housing priorities

In the largest gathering of industry players and practitioners seen in the last decade, the real estate and housing sector under the umbrella of the Chamber of Real Estate & Builders’ Associations (CREBA) unanimously endorsed the Chamber’s updated 5-Point Agenda and advocacy priorities. The priorities Convention Resolution No. 02 –

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4PH funding – mixed reviews at industry forum

As the Department of Human Settlements and Urban Development (DHSUD) rolls out its 4PH housing program, industry leaders and finance specialists express both optimism and concern about funding adequacy for the targeted 1 million units per year. Pag-IBIG Funding for 4PH Pag-IBIG Senior Vice President Fermin Sta. Teresa, Jr. reported

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Real property sector laments loss of industry icon

Outpourings of sorrow and profound loss greeted the news of the demise of CHARLIE AV GORAYEB, Chairman of the Board of the Chamber of Real Estate and Builders’ Associations (CREBA), who was widely regarded as an icon of the housing industry and its fiercest champion for almost three decades. Gorayeb,

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Interest rate hikes to hit housing market in near term

Inflation in January hit a 14-year high of 8.7%, prompting the Bangko Sentral ng Pilipinas (BSP) to say it was likely to raise its benchmark interest rate one more time this year, after having hiked it by 50 basis points on Feb. 16, Reuters reports. The news agency reported BSP

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Rate hikes may derail real estate sector recovery

The Philippine real estate sector’s recovery may be derailed by the Bangko Sentral ng Pilipinas’ (BSP) aggressive rate hikes, according to Cushman & Wakefield Philippines. “The aggressive contractionary monetary policy stance by the BSP which is in sync with other central banks, prompted by the rallying prices, may slow down

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