Despite increasing demand for housing in the Philippines, the shortage of land remains a problem for the private sector, according to the president of a property developers’ group.
Property developers are capable of meeting the demands of the industry and helping decrease the country’s housing backlog, but the problem is land, said Marcelino Mendoza, president of the Organization of Socialized and Economic Housing Developers of the Philippines, Inc. (OSHDP), on the sidelines of The Outlook by Lamudi event at the Marquis Events Place in Taguig City on Wednesday.
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