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TRANSCRIPT
CREBANATIONAL CONVENTION
Speech of Vice President Noli de Castro
9 October 2009Grand Caprice Convention Hall
Limketkai Center, Cagayan de Oro City
VICTIMS OF TYPHOONS
VICTIMS OF TYPHOONS
VICTIMS OF TYPHOONS
RELIEF OPERATION ACTIVITIES
Montalban, Rizal
Northville 4, Marilao, Bulacan
Northville 3, Meycauayan, Bulacan
Southville 4, Sta. Rosa, Laguna
PROPOSED RELOCATION SITES
Jovil 1 & 2, Rodriquez HillsMontalban, Rizal
Southville 4, Sta. Rosa, Laguna Southville 5-A, Brgy. Timbao, Biñan,Laguna
Calauan Housing ProjectCalauan, Laguna
RELIEF OPERATION ACTIVITIES
A relocatee from Marikina receives relief goods and medicines from VP Noli de Castro and Marikina City Mayor Marides Fernando upon his arrival in his new home in Southville 4, Sta. Rosa, Laguna.
VP Noli de Castro, Marikina City Mayor Marides Fernando &
Sta. Rosa Mayor Arlene Nazareno check the housing
units allotted to relocatees from Marikina City.
ROLE OF THE HOUSING AND REAL ESTATE SECTORS IN HOUSING DEVELOPMENT
Inspect carefully the area where the housing sites will be developed.
Avoid construction of subdivision or housing development in areas prone to floods or other natural calamities like landslides.
ROLE OF THE HOUSING AND REAL ESTATE SECTORS IN HOUSING DEVELOPMENT
Ensure proper drainage system andappropriate physical barriers to avoid disasterin housing development areas.
Directed the Housing and Land Use RegulatoryBoard (HLURB) to review the standards used forsubdivision development in order to identifyparameters to guide both developers andbuyers.
ROLE OF THE HOUSING AND REAL ESTATE SECTORS IN HOUSING DEVELOPMENT
ROLE OF THE HOUSING AND REAL ESTATE SECTORS IN HOUSING DEVELOPMENT
Re-examine the way we plan the following:- urban areas- sewerage and waste management systems- type of infrastructure facilities- disaster preparedness and mitigation
measures
STATE OF THE ECONOMY
• In 2008, the Gross Domestic Product (GDP) increased by 4.6%.
• In 1st Quarter of 2009, the GDP was 0.4%.
REASONS FOR STABLE ECONOMY
Continued remittances from the OverseasFilipino Workers (OFWs)
Vibrant consumer spending
Continued growth of business processoutsourcing, tourism receipts, and servicessector
Government’s implementation of StimulusProgram
Strong and positive performance of thehousing and real estate sectors
STABLE HOUSING SECTOR DESPITE GLOBALRECESSION• In 1st quarter of 2009, the number of permits
issued for residential building constructiongrew by 20% compared to the same periodlast year.
• Value of residential building construction wasalso up by 18% compared to the same periodlast year.
• In the 4th quarter of 2008, Pag-Ibig Fundregistered a 16% increase in the amount loanedout to its members under the End-UserFinancing Program.
STABLE HOUSING SECTOR DESPITE GLOBAL RECESSION
• First semester of 2009, Pag-Ibig’s housing loanjumped by 36% resulting from further interestrate reduction.
Assistance for the Pag-Ibig Members affected bythe two typhoons:- Calamity and Housing Rehabilitation Loan
Programs
- Three-month moratorium on housing loanamortization payments of members of goodstanding whose houses were damaged
• NHA constructed25,000 houses andhouse-and-lotpackages with a totalcost of P2.6 billion.
• NHMFC issued its first residential mortgage-backed security called the Bahay Bonds.
OPPORTUNITIES IN THE HOUSING MARKET
- Business Process Outsourcing- Tourism- Entertainment- Health Industry
OPPORTUNITIES IN THE HOUSING MARKET
Philippines
2010
2015
6.4 M
7.9 M
Magnitude of Retirees (60 years old):
38.4 M
41.0 M
7.6 M
9.1 M
Japan South Korea
Challenge for the government and privatesector:
To encourage the retirees to settle in thePhilippines because these would requireresidential units, health and other services.
CREBA….as dynamic, innovative and creative team
CREBA….as dynamic, innovative and creative team
CREBA….as dynamic, innovative and creative team
Maraming Salamat Po!