R-II Builders chairman Reghis Romero on Thursday rallied the robust Philippine real estate industry to continue to build on its gains as he underscored the industry’s continued bullish outlook on the property market.
In his inaugural speech as president of the Chamber of Real Estate and Builders’ Association Inc. at the Hotel Intercon in Makati City, Romero noted that gains in policy advocacy, linkages and cooperation in local and international promotions and marketing, and sound basic economic fundamentals of the country are among the factors that are helping cushion the country’s property market against possible impact of recent US financial woes.
With a projected industry growth of 3.1 percent in 2007, analysts point to a 3 percent growth in 2008, 3.7 percent in 2009 and 3 percent in 2010, Romero said. Romero, who is also chairman of Harbour Centre Port Terminal Inc., exhorted the members to build on industry gains as well as support the positive developments taking place in industries that directly propel the growth of the property market. . . . [ full story ]
