The Chamber of Real Estate Builders Association (CREBA) yesterday said the appointment of Frederick Go as economic czar will help the country achieve its housing targets.
In a statement, the country’s largest and oldest housing and real estate advocacy group expressed support to the appointment of Go to oversee the Cabinet’s economic cluster, citing his background as a seasoned businessman in real estate.
Created under Executive Order No. 49, the Office of the Special Assistant for Investment and Economic Affairs under Go will head the Economic Development Group and will monitor key departments, including the Department of Finance, National Economic and Development Authority, Department of Budget and Management, and the Department of Trade and Industry, along with their attached agencies.
Before this appointment, Go has been a crucial member of the President’s economic team as Presidential Adviser on Investment and Economic Affairs.
Speaking to housing industry stakeholders at the grand opening of the recent 50th CREBA national convention and property expo where he was guest of honor recently, Go acknowledged the Philippine real estate and construction’s vital role in the country’s over-all economic growth as a dynamic and rapidly developing sector.
CREBA also said Go thanked the group for its support and housing production pledge which he noted will be a big boost in achieving the country’s upward economic and investments objectives.
The Department of Human Settlements and Urban Development eyes 6 million housing units that will benefit 30 million Filipinos.
Under its 20-year “a home for every Filipino” program, CREBA envisions to intensify housing production nationwide to at least 500,000 units per year through a chain of policy and legislative reforms on shelter finance, land access as well as homebuyer and investor-friendly regulations.
