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Housing boom: Builders eye 100,000 units per year

Santo Domingo.-   Housing Builders and Developers Association (ACOPROVI) president Hector Breton on Wednesday said around 62,000 homes are projected to be built by yearend 2017 “that is, that our goal is that we can reach 100,000 homes per year.”

“We feel that if we build 60,000 per year, we are on track; then we get to 70,000 and can build 100,000 in about four years,” Breton said in the National Palace where he went with other promoters to congratulate president Danilo Medina for his election win.

He said homes are being built all over the country, scattered in public-private projects, “such as Juan Bosch City is being built, which are 25,000 homes; Juan Bosch in Santiago City, which are 10,000 and a number of projects that are just the private sector and others in the offing and structuring process.”

“There’s already a land bond, which the government issues for having state lands, the ITEBIS (tax-exemption) bonus, which is that after a tax payment process it’s returned to the buyer,” Breton said.

Source: DT

June 10, 2016

Category: DR News |

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Last updated October 24, 2016 at 6:05 PM
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