In the Philippines, though there are many houses and communities that are divided by fences and regions, all are one big family living on one roof or one big house, on Philippines’ most extensive organization – the Chamber of Real Estate and Builders’ Association, Inc. or CREBA.
The Chamber of Real Estate and Builder’s Association, Inc.(CREBA) is known in the Philippines as “an umbrella organization” compose of 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.
For the Chambers of real Estate and Builders’ Association, Inc. or CREBA’s aim why it was conceived and erected or formed is to address some housing problems, some solutions and assistance or help from its other members that have the ability to provide the needed assistance or help, in regards of course of a particular housing problem, Wherein back then before it was formed, private real estate developers experience a lot of problems and some obstacles in their development plans and endeavors.
However, CREBA 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.
Fiabci composes of different countries worldwide that specializes on housing and real estate industry in the world similar to CREBA or Chambers of Real Estate and Builders’ Assoaciation,Inc.
Actually, CREBA is an official member of FIABCI wherein CREBA itself also created the FIABCI Philippines that composes the publicly known public housing government sectors like the Home Development Mutual Fund or Pag-Ibig, the National Housing Authority or NHA, the National Home Mortgage Finance Corporation or NHMFC, the Home Guaranty Corporations or HGC, the Philippine Economic Zone Authority or Peza, and the Philippine Retirement Authority or the PRA.
By CREBA also, the month of October in the Philippines becomes the National Housing Month, which was of course, celebrated annually by CREBA. But this year 2010, CREBA will be holding the annual convention as the first international convention to be convened at the island-city of Macau, with its aim to make the Philippines’ National real estate and housing industry gear up into global view with the help of FIABCI of course.