The Department of Human Settlements and Urban Development (DHSUD) will conduct dialogues with private developer groups to formulate measures to mitigate the economic impact of the prolonged conflict in the Middle East.
DHSUD Secretary Jose Ramon Aliling called for the meetings to ensure proactive measures are in place to sustain the momentum of government housing initiatives.
These efforts focus particularly on President Ferdinand Marcos Jr.’s flagship Pambansang Pabahay para sa Pilipino (4PH) Program.
Aliling cited the importance of balancing the department’s mandate to address developer concerns while protecting homebuyer interests amid uncertainties sparked by the war.
The impact of the crisis is already visible through rising fuel prices in the country, which are projected to worsen as the conflict continues.
Invited to the dialogue were the Subdivision and Housing Developers Association Inc. (SHDA), the Organization of Socialized and Economic Housing Developers of the Philippines (OSHDP) and the Chamber of Real Estate and Builders Association (CREBA).
“In accordance with President Marcos Jr.’s directive, we aim to balance addressing the concerns of developers with protecting our homebuyers as mandated by law,” Aliling said.
Aliling noted that the housing and real estate sectors should be prepared for broader economic shifts. He said that aligning efforts with private partners now will help establish necessary safeguards before the war escalates further.
“We also want to ensure that the housing and real estate sector is prepared for the economic impact; that is why, as early as now, we are aligning our efforts with our private partners. It is crucial to establish proactive measures before the conflict worsens or prolongs. This is necessary to mitigate the impact on our economy,” Aliling said.
The 4PH Program aims to address the country’s housing backlog, which requires significant coordination between the government and the private sector to manage rising material and logistics costs.
“That is why sufficient preparation and cooperation between the government and the private sector are necessary to prevent a broader impact on housing,” Aliling said.
