DHSUD to meet developers over Mideast conflict impact on housing sector

The Department of Human Settlements and Urban Development will hold talks with private housing developers to craft measures to cushion the sector from the economic impact of the ongoing conflict in the Middle East.

Housing Secretary Jose Ramon Aliling said the dialogues aim to ensure the industry is prepared for possible disruptions, including rising fuel costs, while sustaining key housing initiatives such as the Pambansang Pabahay para sa Pilipino (4PH) Program under Ferdinand R. Marcos Jr..

“Alinsunod sa direktiba ni Pangulong Marcos Jr., nais nating balansehin ang pag-address sa concerns ng developers at ang pagprotekta sa ating mga homebuyers,” Aliling said.

Invited groups include the Subdivision and Housing Developers Association Inc., Organization of Socialized and Economic Housing Developers of the Philippines, and the Chamber of Real Estate and Builders Associations.

“Nais din nating masiguro na handa ang housing sector sa epekto sa ekonomiya, kaya ngayon pa lamang ay ina-align na natin ang efforts ng gobyerno at pribadong sektor,” he added.