Monday, 11 October 2010 00:00 [ manilatimes.net ]
MASS housing projects that were awarded fiscal incentives by the Board of Investments (BOI) have almost doubled in terms of number and total project cost during the first eight months of the year. Latest BOI data showed that at end-August this year, 63 mass housing projects with investments totalling P20.281 billion were given tax and other incentives.
The BOI approved the registration of 36 mass housing projects worth a combined P11.172 billion in the same eight-month period last year.
For the whole 2009, it approved a total of 71 mass housing projects worth about P21.184 billion.
Most of the projects that were given incentives during the first eight months this year were in Southern Tagalog (19 projects), the National Capital Region (14 projects), and Western and Central Visayas (9 projects each).
BOI data also showed that as of July this year, 332 mass housing projects—238 horizontal projects and 94 vertical projects—with investments worth P90.57 billion have been registered with the incentives-giving agency since it began awarding perks for such projects in 2003.
The data showed that 147,728 housing units were registered from 2003 until July this year.
BEN ARNOLD O. DE VERA
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