Public Square
Creba appeals to freeze real property tax

THE Chamber of Real Estate and Builders' Associations Inc. (Creba) has appealed for the suspension of department orders issued recently which increase the zonal values of properties across the country amid the Covid-19 pandemic.

In a letter to Finance Secretary Carlos Dominguez 3rd, the group recognized the fiscal measures enforced by government but cited that the Philippine economy continues to contract to an all-time low since the post-Chamber of Real Estate & Builders' Association Inc. war era due to the required lockdowns brought about by the pandemic.