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SOLAR Resources Inc. said lower and middle class housing projects
will pick up this year despite inflation.
“[The mass housing] industry will remain
buoyant, since its not a typical sector that needs a lot of
investments and a good economy to be attractive, housing is one of
the people’s necessities,” Luis T. Fuentes, the president of the
mass housing firm, said.
He said mass housing firms are more inclined to
constructing horizontal units, since they require less steel and
cement products.
“It is very rare for a horizontal housing
project that stops in between because of lack of funds,” he said.
For this year, Solar plans to start four
separate mass housing projects, two in Cavite and another two in
Bulacan. Fuentes said the company is eyeing P4 billion to P5 billion
in revenues upon completion of the projects.
He said many mass housing developers are
offering units that would cost as much as renting P4,000 a month.
-- Katrina Mennen A. Valdez
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