THE Organization of Socialized Housing Developers of the Philippines Inc., (OSHDP), the umbrella organization of mass housing developers in the country, has created a research center to gather data on low-cost housing in the Philippines to address its concerns and those of the government and the private sector.
The Center for Housing and Independent Research Synergies (Chairs) aims to conduct studies and surveys that will explore the state of low-cost housing in the country, including what drives couples to buy their first homes and other research findings that would help the government respond to the private sector when it comes to the housing needs in the Philippines.
The creation of Chairs was announced at the 6th annual meeting of socialized housing practitioners in the Philippines and the Housing and Urban Development Coordinating Council over the weekend.
OSHDP President George Richard Siton said the housing body aims to “ensure sustainability and support for housing from the government, private sector, financial institutions and the community beneficiaries as well.”
In a statement, mass housing developer 8990 Holdings Inc. said it has contributed P1 million to establish Chairs. The fund will help publish housing journal on timely topics about socialized housing, as well as conduct research in which the findings are to be made public.
8990 Holdings President and CEO Januario Jesus Atencio said the research center is “sorely needed” in the industry to “provide lasting benefits of value-added knowledge in the ever-changing market place of ideas that will be relevant today and for generations of builders to come.”
The body “will become our information guide to help us navigate our business and industry,” Atencio said, adding that “without updated statistics and relevant information, doing business felt like flying a plane in zero visibility.
“We need all kinds of data to make the best decisions on basic housing demand and supply, market research, affordability analysis, and statistics and analysis in support of a position on issues like national land use, price ceilings or income tax holidays,” he added.