Official seal of City of Pasay (Photo credit: Wikipedia)Financial IQ Philippines Quick Hit(s):
Philippine Real Estate Festival will be held on July 26 to 28 at World Trade Center, Pasay City. This is a good venue to get project information from various developers because most of the major ones participate. As additional incentive, admission is free of charge.
PREF tackles CSR through real estate
Being able to purchase and manage your own home within the boundaries of your income is one of the primary concerns of any working class citizen. Because of the substantial financial repercussions in selecting a home, each person has to manage his own budget vis-à-vis other expenses based on one’s salary. A good thing to note is that the company itself can play an integral role in the provision of housing opportunities to its employees without deteriorating the bottomline. These and other real estate issues will be featured in the 2012 Philippine Real Estate Festival (PREF), as it is slated to conduct a plenary session to address this matter in particular. Under the theme, “Philippine Real Estate Opportunities for Foreign and Local Investors”, a symposium entitled, “How to Handle the Corporate Social Responsibility of Corporations via Housing” is scheduled for the third day of the Festival.
Ms. Rose Basa designed this plenary session to introduce ways that employees can avail of housing opportunities with the help of their employers, along with tips to address the possible roadblocks they may encounter along the way. Notable speakers from the government and private sector are scheduled for presentations in this session. Mr. Efren “Choy” Alas, Chairman/CEO of One Source Multimedia Int’l Inc. will open the session by talking about the opportunities for medical tourism through Adult Family Homes (AFH). He will be followed by Ms. Ma. Ana Oliveros, President of Social Housing Finance Corporation (SHFC) to talk about the options that can be availed in the realm of socialized housing. Former BIR Deputy Commissioner Mr. Vic Mamalateo will then discuss the tax obligations of homebuyers. Atty. Antonio Bernardo, Commissioner and CEO of the Housing and Land Use Regulatory Board (HLURB) and Atty. Manuel Sanchez, President, Home Guaranty Corporation will close the plenary session with a discussion on real estate planning for corporations and employees.
PREF 2012 will be held from July 26-28, 2012 at the World Trade Center in Pasay City. No entrance fees required, as the Festival is open to all. The CSR plenary session is scheduled on the last day of the Festival. Members of business chambers, industry associations, company representatives, and the like are invited to this symposium and to also explore the various real estate projects which will be showcased in the exhibit.
Foreign Investment to Take Off through Real Estate
The past months have witnessed a wave of investments flowing into emerging countries such as the Philippines as the slowdown in US and Europe continue to weigh down on investor sentiment. As one of the growing industries in the Philippines, the property sector serves as one of the prime channels where these foreign flows will be of economic value to foreign investors and the country's development as well.
Given the importance of promoting foreign investment, Rosemarie C. Basa, President of PREF announced that the 2012 Philippine Real Estate Festival (PREF) is slated to have a plenary session dedicated to the prospects of the real estate industry for potential foreign investment. With PREF 2012 operating under the theme, "Philippine Real Estate Opportunities for Foreign and Local Investors", a symposium under the banner of "Leasing, Investments, and Ownership of Real Estate Properties by Foreigners" is scheduled for the second day of the Festival. This symposium is designed to feature the opportunities for investment among foreigners and Filipinos based abroad, be it in terms of necessary requirements to enter the property market and the various projects available for foreign investors.
Invited for this plenary session are distinguished leaders from the government, developers, and foreign chambers. Mr. Julian Payne, President of the Canadian Chamber of Commerce in the Philippines and is also an event partner of the Festival, is slated to open the session on foreign interests in real estate. Government representatives such as Mr. Benjamin Diokno, Former Secretary of Department of Budget & Management, Mr. Veredigno Atienza of Philippine Retirement Agency, Hon. Teresita Herbosa of SEC, and Mr. Cristino Panlilio of the Board of Investments will likewise be having presentations on real estate projects and markets, investment outlook, and rules on foreign ownership.
The three-day Festival is open to all, and no entrance fees are charged for the event. The three-day run is from July 26-28, 2012 at the World Trade Center in Pasay City. The Foreign Investment Plenary Session is scheduled in the morning of the second day. Members of foreign Chambers, industry associations, and OFWs are invited to this symposium and to also explore the various real estate projects which will be showcased in the exhibit.
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