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MANILA, Philippines – The Board of Investments (BOI) has approved P1.8 billion for mass housing and industrial park projects in Central Luzon, expected to boost local economic activity.
Mass housing projects make up most of the P1.35-billion investment, supporting the construction of over 1,700 socialized housing units in Nueva Ecija, according to the BOI.
READ: BOI OKs P26.4B in new investments
Housing is among the BOI’s priority sectors under Tier I of the Strategic Investment Priority Plan, but only units priced at up to P3.6 million qualify for incentives.
