Redefining Socialized Housing Ceilings

Republic Act 7279 or the Urban Development and Housing Act (UDHA) defines socialized housing as “housing programs and projects undertaken by the Government or the private sector for the underprivileged and homeless citizens which shall include sites and services development, long-term financing, liberalized terms on interest payments, and such other benefits”. On December 11, 2008, […]

Tax Incentives for Socialized Housing

Section 20 of Republic Act 7279 or the Urban Development and Housing Act, provides tax incentives to private developers and government agencies engaged in the development of socialized housing projects.  This includes the exemption from the payment of project-related income taxes, capital gains tax on raw lands used for the project, VAT for the project […]

Socialized Condos in Urban Areas

The Housing and Land Use Regulatory Board (HLURB) is one of several agencies of government undertaking a revisiting of its policy through the reform of the implementing guidelines governing the modes of compliance to Section 18 of R.A. 7279 or the Urban Development Housing Act (UDHA). We, in the Chamber of Real Estate & Builders’ […]

Property Industry Wish List

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 […]