Now, since the Pag-IBIG have stipulated a new strict rules before one could get a housing loans; and the real estate industry have experienced a declining effect on its revenues due to it, a brand new concept should be done in order to counter the bad effect the new Pag-IBIG rules has been damaging the industry.
The new idea convened at the recent annual convention of real estate developers, contractors, brokers, appraisers, financiers,architects,urban planners, construction suppliers and distributors, engineers, urban planners, economist and even social scientists of the Philippine at the 20th Chamber of Real Estate And Builders Association Inc.(CREBA) National Convention is a synergic cooperation of the real estate industry and the Philippine tourism industry that will bring national economic growth.
The convention have consentient thoughts that housing with tourism power will bring forth a powerful growth on the national economy that will trigger multiple increased of revenues and business ventures among the related industries in the Philippines aside from real estate and tourism industry.
Thus, consequently, they urged the government by uplifting and upgrading the Philippine tourism industry into a world class standard in regards to amenities and facilities and service.
Chamber of Real Estate And Builders Association Inc.(CREBA) national president Charlie Gorayab even says that if the tourism industry of the Philippines will be able to establish its industry into a renewed leadership or into greater heights, there are plenty of reasons why visitors will be interested to invest in residential buildings and real estate ownership; For there would be opportunities then for business and employment.
Actually, Chamber of Real Estate And Builders Association Inc.(CREBA) is lobbying legislators in the Philippines to pass a bill that will create the Department of Housing and Urban Development bill that will realized and materialize what they have envision about regarding the synergy between real estate industry and tourism industry of the Philippine in order to increase effectively their annual income by generating at least 300,000 new houses yearly.
Present in the convention is the current chair of the Housing and Urban Development Coordination Council (HUDCC),current vice president of the Philippine republic VP Jejomar Binay as the convention keynote guest speaker; as well as two of the world’s largest international real estate bodies from United States and Europe, namely the National Association of Realtors(NAR) and the International Real Estate Federation FIABCI to support what the Chamber of Real Estate And Builders Association Inc.(CREBA) have envisioned.
Chamber of Real Estate And Builders Association Inc.(CREBA) by the way is the umbrella organization in the Philippines that composes 3,000 professionals, associations and companies dealing with housing or real estate industry and allied and related groups and industries like architects, engineers, real estate developers,brokers,appraisers,financiers,builders,contractors,suppliers,housing programs experts, subdivisions and community developers, etc. It is the largest known real estate and builder organization in the Philippines today; moreover, that is non-profit, on-stock and a non-governmental organization. It is the smaller version of the world’s real estate and builder organization in the world – the International Real estate Federation or popularly known as the FIABCI.
Chamber of Real Estate And Builders Association Inc.(CREBA) is the only real estate organization in the Philippines that actively coordinating or have connection to National Association of Realtors(NAR) – a “ voice for global real estate” which is United States based or owned.