Manila, Jan. 2 -- Private developers on Friday expressed their approval of the new price ceiling for socialized housing jointly issued by the Department of Human Settlements and Urban Development (DHSUD) and the Department of Economy, Planning and Development (DEPDev).

The Subdivision and Housing Developers Association (SHDA) said it welcomed the issuance of Joint Memorandum Circular (JMC) 2025-001, signed on Dec. 1 by DHSUD Secretary Jose Ramon Aliling and DEPDev Secretary Arsenio Balisacan, along with the release of its implementing rules and regulations (IRR).

"The new price ceiling is reflective of the current increases in the price of land, labor, and materials, and will ensure the support for the production of socialized housing f...