Monday, July 14, 2008 [ manilatimes.net ]
SOLAR Resources Inc. said lower and middle class housing projects will pick up this year despite inflation.
“[The mass housing] industry will remain buoyant, since its not a typical sector that needs a lot of investments and a good economy to be attractive, housing is one of the people’s necessities,” Luis T. Fuentes, the president of the mass housing firm, said.
He said mass housing firms are more inclined to constructing horizontal units, since they require less steel and cement products.
“It is very rare for a horizontal housing project that stops in between because of lack of funds,” he said.
For this year, Solar plans to start four separate mass housing projects, two in Cavite and another two in Bulacan. Fuentes said the company is eyeing P4 billion to P5 billion in revenues upon completion of the projects.
He said many mass housing developers are offering units that would cost as much as renting P4,000 a month. -- Katrina Mennen A. Valdez
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