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Article XII, Section 1 of the 1987 Philippine Constitution on national economy and patrimony states that, “The State shall promote industrialization and full employment based on sound agricultural development and agrarian reform, through industries that make full of efficient use of human and natural resources, and which are competitive in both domestic and foreign markets. …
There is wide industry consensus that housing, along with tourism, constitutes a powerful engine of growth for the national economy. Its economic multiplier effect triggers increased business and revenue opportunities for about 68 other related industries. True to its avowed theme, “Tourists Today, Real Estate Investors Tomorrow”, the 20th CREBA National Convention held from October …
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