Philippines property devt needs reforms

Real estate developments in the country in general needs major reform and rehabilitation aside from those that were affected by calamities like Eastern Visayas that was devastated by Super Typhoon Yolanda, and Bohol that was struck by a 7.2-magnitude earthquake.

“All these disasters that have been happening in the country, whether it’s Tacloban or Bohol, one of the biggest problems that the Philippines have is we don’t have a credible, enforceable master plan, urban planning, in the country,” David Leechiu, country head of property services firm Jones Lang LaSalle (JLL) Philippines, said.