Manila: The Department of Human Settlements and Urban Development (DHSUD) is set to conduct dialogues with private developer groups to formulate measures on how to mitigate the impact on the economy of the ongoing war in the Middle East. DHSUD Secretary Jose Ramon Aliling initiated this move to ensure proactive measures are in place, aimed at reducing the conflict's impact and sustaining the momentum of government housing initiatives, particularly President Ferdinand R. Marcos Jr.'s flagship Pambansang Pabahay para sa Pilipino (4PH) Program.

According to Philippines News Agency, Aliling emphasized the need to balance the mandates of DHSUD by addressing developers' concerns while protecting homebuyers' interests within legal boundaries, amid the uncertainties caused by the conflict. The invited participants for the dialogue include the Subdivision and Housing Developers Association, Inc., the Organization of Socialized and Economic Housing Developers of the Philippines, and the Chamber of Real Estate and Builders Association.

Aliling stated, in line with President Marcos Jr.'s directive, the importance of aligning efforts with private partners to ensure the housing and real estate sector is prepared for any economic impact. The ongoing crisis in the Middle East has already influenced rising fuel prices in the country, expected to worsen as the conflict continues.

He highlighted the urgency of establishing proactive measures before the situation escalates further, to mitigate potential economic repercussions. Aliling stressed the necessity of adequate preparation and collaboration between the government and the private sector to prevent broader impacts on the housing sector.