*  *  *  Distinguished officers and members of the Money Market Association of the Philippines (MART), Trust Officers Association of the Philippines (TOAP), Association Cambiste Internationale (ACI) Philippines, the Financial Markets Association, Investment House Association of the Philippines (IHAP), esteemed guests, ladies and gentlemen, good evening.
While it is difficult to estimate the exact contribution of the real estate sector to gross domestic product (GDP) as it appears in a disaggregated and dispersed form in the National Accounts Statistics, in view of what is stated above, lot of importance has been placed on the development of real estate in the country by the Government. Finance to real estate 3.