![]() ![]() ![]() He argued, “We can’t solve problems that way, so what we’re doing is using engineered bamboo, which is a fast-growing material.” Through a manufacturing model, they can produce, deliver, and assemble a 63.5-sqm engineered bamboo home that is fully sustainable in just ten days. Incorporating Modular Constructionįorlales, on the other hand, emphasized that it seems like the general plan is to continue using concrete to address the housing backlog. She also revealed that they are slowly adapting to technologies and modern ways of construction to reduce building and operations costs. Co stated that there are specific locations where reasonably priced lots are available for development. It is no surprise that land is significantly expensive now. When building affordable homes, another factor to consider is strategic land acquisition, coupled with innovative construction methods. ![]() Co added that the affordability factor of houses also depends on the available financing offers from the government. ” Hence, developers are once again seeing consistent payments from buyers through Pag-IBIG Fund, National Home Mortgage Finance Corporation, and other agencies. He added, “2021 was the start of normalizing homebuyers’ equity payments. According to Francisco, one of the first department orders was amnesty for homebuyers, which allowed the extension of monthly payments because of the pandemic. The year 2021 served as the recovery year for the real estate industry, which can be attributed to the formalization of the Department of Human Settlements and Urban Development (DHSUD) from the previous year. Co shared, “As developers, we are on the continuous challenge of balancing the affordability and structural stability of developments we offer.” And with the growing cost of construction materials and logistics, they are tasked to find creative ways to deliver affordable housing without compromising its quality. The impacts of the pandemic have led to several challenges that developers continue to face today. Balancing Affordability and Structural Stability Earl Forlales, Co-founder and CEO of CUBO Modular Celine Co, Business Development Lead of Primeworld Land Holdings Inc and Paolo Luis Francisco, Director and Chief Operating Officer of Atlantica Realty Development Corp, shared their experiences and plans to balance affordability and structural stability, and use sustainable construction methods to solve the affordable housing backlog. Steven Tambunting, the Chief Marketing Officer of the Subdivision and Housing Developers Association (SHDA), Inc., served as the moderator for Panel 4: Addressing the Affordable Housing Backlog of Lamudi’s The Outlook 2022: Philippine Real Estate Conference. To address the six million housing backlog and reach the 12 million target by 2023, developers must increase their production from 200,000 to 1.2 million houses per year. Housing is a basic need, as emphasized in the Family-Income Expenditure Survey of the Philippine Statistics Office, wherein it ranked number two in the overall expenditure of a typical Filipino family. Manufacturing Homes as the Obvious Solution.Balancing Affordability and Structural Stability.
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