TO fully address the country’s mass housing backlog, the government should tap the expertise and resources of giant real estate developers, according to an industry leader.
Edgar Saavedra, president and chief operating officer of Megawide Construction Corp., made the suggestion, as he explained that “government has been trying to address the problem on mass housing, but the backlog is still huge.”
Saavedra told a P&A Real Estate and Construction forum in Makati City that the government needs to build about 2 million housing units to cope with the housing backlog.
“The effort is there but the backlog is still very huge and we are struggling,” he said. “What we are just doing is less than 10 percent (of the backlog) every year,” he added.
Saavedra said the government relies only on small real estate developers in addressing the country’s current mass housing needs.
“We have the budget, Malacañang releases the budget to the National Housing Authority. It’s more of a question of how many units will be constructed,” he said.
To boost the number of housing units being built, Saavedra said the government should change tack and consider tapping big real estate developers.
“What the government should do is to invite the big real estate developers to join in its mass housing projects so that they can help address the backlog,” he said.
Megawide has been an active partner of the government in its social infrastructure Public-Private Partnership programs since 2013.
It has worked on the school infrastructure project of the Department of Education in Regions 1 to 4-A and the Cordillera Administrative Region.
The company also participated in the Manggahan Social Housing Project of the National Housing Authority.