‘THE OUT­LOOK’ TO HIGH­LIGHT SUS­TAIN­ABIL­ITY IN REAL ES­TATE

Philippine Daily Inquirer - - PROPERTY - By Rodel Am­bas @INQ_Prop­erty

What makes a build­ing green? What makes a real es­tate project sus­tain­able? Most im­por­tantly, how can a de­vel­oper en­sure that its build­ing is built and op­er­ated in a sus­tain­able man­ner?

These are just some of the ques­tions that Lamudi, the Philip­pines’ lead­ing real es­tate por­tal, aims to an­swer in an up­com­ing event dubbed The Out­look—a coming to­gether for the real es­tate com­mu­nity lead­er­ship to dis­cuss the find­ings of a na­tion­wide sur­vey of 10,000 Filipino prop­erty seek­ers.

Part­ner­ship

As The Out­look is an event that fo­cuses on shar­ing ideas from the real es­tate in­dus­try’s lead­er­ship, it is but fit­ting for Lamudi to part­ner with Ramon D. Rufino, chair of both the Philip­pine Green Build­ing Coun­cil (PhilGBC) and Ur­ban Land In­sti­tute (ULI) Philip­pines, and co-pres­i­dent of The Net Group, one of the coun­try’s most well-known de­vel­op­ers of green of­fice tow­ers.

“It was a strug­gle [at the start] to build that aware­ness and ed­u­ca­tion [about build­ing green and sus­tain­abil­ity]. But over the years, we’ve no­ticed a very good growth mo­men­tum. In fact, when you look around, a lot of new build­ings are un­der­go­ing green build­ing cer­ti­fi­ca­tion,” ac­cord­ing to Rufino.

What’s good about this pos­i­tive re­cep­tion is that even those build­ing that aren’t un­der­go­ing cer­ti­fi­ca­tion are in­cor­po­rat­ing green build­ing prin­ci­ples in how their prop­er­ties are de­signed, built, and op­er­ated, Rufino added.

“Partly it’s the mar­ket that wants it. A lot of these ten­ants and lo­ca­tors are the multi­na­tion­als who de­mand these fea­tures in the build­ings.”

LGU sup­port

Build­ing green is start­ing to be­come part of lo­cal leg­is­la­tion as well.

“Many [LGUs] now un­der­stand that green build­ing is so im­por­tant for the sus­tain­abil­ity of our fu­ture that they are now in­clud­ing manda­tory re­quire­ments,” Rufino said. “Be­fore it was all vol­un­tary; now there are both vol­un­tary and manda­tory re­quire­ments for own­ers and de­vel­op­ers to go green.”

Ac­cord­ing to Lamudi, The Out­look will be a great op­portu- nity for the real es­tate in­dus­try’s lead­er­ship to learn from the ex­pe­ri­ence of The Net Group, and the ex­per­tise of PhilGBC and ULI Philip­pines in build­ing green and sus­tain­abil­ity.

Prop­erty trends

Aside from Rufino, ex­perts and lead­ers from across the in­dus­try will gather to dis­cuss what’s next for the real es­tate sec­tor. Among the top­ics to be dis­cussed in­clude trends in mixed-use de­vel­op­ments, af­ford­able hous­ing, and in­fra­struc­ture devel­op­ment.

The Out­look will also high­light the re­sults of the na­tion­wide sur­vey of 10,000 prop­erty seek­ers con­ducted by Lamudi this year.

“We’re very ex­cited about the re­sults of this sur­vey, as it will be the first where ac­tual prop­erty-seek­ers were asked about their opin­ion of the real es­tate in­dus­try,” Lamudi Man­ag­ing Di­rec­tor Bhavna Suresh Chatham­beth said.

The real es­tate play­ers and projects cited by the sur­vey re­spon­dents’ as the in­dus­try’s best will be ac­knowl­edged at the event on Novem­ber 16, which will be held at the New World Makati.

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