Stock Markets

Developers seek faster permit approvals for housing construction

Developers seek faster permit approvals for housing construction – BusinessWorld Online


      
      
      
      
      








PHILSTAR FILE PHOTO

PRIVATE SECTOR developers are seeking faster permit approvals to proceed with the construction of socialized housing units amid the growing housing backlog, according to the Subdivision and Housing Developers Association (SDHA).

“Hopefully the permitting gets fine-tuned but it’s a bit more complicated because it involves other government agencies,” SDHA Francis Richmond Z. Villegas told reporters on the sidelines of an event on Thursday.

At least 43 private developers committed to build 251,846 socializing housing units under the Expanded Pambansang Pabahay para sa Pilipino (4PH) program, the Department of Human Settlements and Urban Development said in July.

The private developers that committed to the program include the SHDA, Chamber of Real Estate and Builders’ Associations, Inc. (CREBA), National Real Estate Association (NREA), and Organization of Socialized and Economic Housing Developers of the Philippines (OSHDP).

Before proceeding with the construction, Mr. Villegas said that developers would need permits such as the barangay clearance, zoning certificate, and license to sell.

In the Philippines, it takes up to two years before all permits are secured to construct socialized housing units, compared to Thailand, where the process for permit approvals only last a month, Mr. Villegas said. — Beatriz Marie D. Cruz

CEDTyClea





You May Also Like

Stock Markets

Pedestrians along the Estrella-Pantaleon Bridge are dwarfed by the towering buildings in Makati City, Dec. 5, 2022. — PHILIPPINE STAR/MIGUEL DE GUZMAN THE Department...

Stock Markets

The logo of J.P. Morgan is seen in Zurich, Switzerland July 8, 2021. — REUTERS/ARND WIEGMANN By Bettina Faye V. Roc, Banking Editor THE...

Finance

A new player in football talent management has entered the game. M+C Saatchi Football, co-founded by former England and Liverpool midfielder Jamie Redknapp, officially...

Finance

Tesla shares have surged almost 50% since the company was rocked by a very public clash between CEO Elon Musk and US President Donald...

Exit mobile version