THE Chamber of Real Estate and Builders' Associations Inc. (Creba) has renewed its appeal to the finance department and the commissioner of internal revenue for the suspension of plans to increase zonal values of properties across the country as the property sector continues to feel the brunt of the economic effects of the global Covid-19 pandemic.

Creba National Chairman Charlie A. V. Gorayeb said in a statement that while their group commends fiscal and economic strategies measures enforced by the past administration, the Philippine economy continues to contract three years since the break of the pandemic, and consumption has yet to jump back up and unemployment in various sectors remains high.