The Philippines Tourism Secretary says that tourism and real estate needs to be in sync

Published on : Wednesday, May 10, 2017

Philippines TourismThe Philippines Tourism Secretary Wanda Teo on 4 May 2017, called for a paradigm shift in real estate development to ensure that environmental integrity is not compromised while serving as catalysts for inclusive growth particularly in emerging urban centers outside Metro Manila.

To quote Teo, “Not only do you provide homes and workspaces to Filipinos but also employment and business opportunities to our micro, small, and medium enterprises (MSMEs). I am one of those who are sincerely happy every time you decide to ramp up investments in Mindanao. But I challenge you all to do more.”

Referring to the ongoing construction boom in the country as key in uplifting the lives of many ordinary Filipinos, Teo noted how the real estate industry has evolved over the years from “simply constructing buildings to creating liveable communities and workplaces.”

Terry Blackburn, founder and managing director of Property Guru Asia Property Awards, echoed her observation, saying that real estate development’s contribution to Philippine economy is something everyone should be proud of.

Sustainable tourism development, Teo said, leads to the “management of all resources in such a way that economic, social, and aesthetic needs can be fulfilled while maintaining cultural integrity, essential ecological processes, biological diversity, and life support system.”

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