Philippine Tourism – Real Estate link cited to propel economy
A synergy between the tourism and the real estate industries will secure the country’s status as Southeast Asia’s retirement haven and create new jobs for the Filipinos, according to Vice President Jejomar Binay.
“These two tightly linked industries offer immense opportunities in terms of investments and jobs,” Binay said in his message to participants of the 20th Chamber of Real Estate and Builders Associations (CREBA) National Convention at the Marriott Hotel in Pasay City.
He said efforts should be made to bolster infrastructure capacity, accessibility, transportation, quality of facilities and the availability of support services for safety and security to secure the country’s status as the “Retirement Haven of Southeast Asia.”
He also said that the merging of tourism and real estate development would mean more permanent jobs for Filipino workers.
”We can also look forward to providing job opportunities that will entice our OFWs to consider working in the Philippines rather than abroad. We will also have investors who will share our concern for improving the conditions in the communities where they have opted to retire, since they will become stakeholders in these communities,” he said.
Binay also encouraged a close partnership between the housing sector and the tourism and real estate industries.
“We are also forging partnerships with LGUs and real estate companies nationwide to fast-track the disposal of about P200 billion acquired housing assets. Real estate companies can market, possibly at a larger scale, these assets which government is trying to dispose through retailing,” he said.
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