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Binay: BPO boosts housing

By Othel V. Campos | October 7, 2013

Vice President Jejomar Binay on Monday cited the contribution of the business process management sector, including call centers, to the government’s housing development plan.

“As head of the government housing sector, I have witnessed over the past three years how the burgeoning middle-class coming from the ranks of BPM employees have spurred the growth of the real-estate industry,” Binay said, during the second day of the International Outsourcing Summit at the Shangri-La Makati Hotel in Makati City.

“It is worth noting that due to the rising demand for houses by the BPM workforce, and our overseas Filipino workers, other Filipinos get their chance at employment since for every 100 jobs created by the housing sector, 18 additional jobs are created in other industries,” he said.

Binay said without any aggressive intervention, housing backlog could reach 5 million by 2016 from 3.6 million when he started his job as housing overseer.

He said the rapid increase in population was one of the major factors in the burgeoning backlog, on top of the government’s insufficient funds to address the need for mass and socialized housing.

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