The country’s land market remains an integral component of the Philippine economy. As it stands, the huge potential economic and social benefits from the country’s land market have yet to be unlocked. Over the years, a number of policy-related factors have constrained its full potential. For one, the Philippines has a large share of the value of its real estate sector, estimated at 40 percent, that remains undocumented or untitled and unregistered. The Land Administration and Management Project (LAMP) indicated that there are about 34,840,746 parcels of land in the country, of which 12,411,956 parcels or about 36 percent is presently untitled. The country is losing billions involving foregone transaction value of land that escaped detection and was not recorded in official government statistics. Unless reform measures are instituted to address these policy gaps, much of the economic potential of land markets will remain untapped. Policies and reforms to develop the land market, combined with proper land use and administration could unleash the productive value of land, support sustainable production and help satisfy societal needs.