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PIA Press Release

Homebuyers flock to housing fair, eye affordable Pag-IBIG package

by Prix D. Banzon

Davao City (30 October) -- The housing fair that opened at the NCCC Mall in Matina this city was swarmed with homebuyers as the Pag-IBIG Fund also offered its acquired assets for sale at discounted rate.

The fair which started last October 28 will run up to 30, 2009 is attracting interested people eyeing the low amortization rates offered.

A Pag-IBIG Fund member for two years, Bryan Pojas of Davao Prime Philippines who inquired at the Pag-IBIG booth on the available housing units said an amortization of about P2,000 is very affordable.

"I am interested to own one because we are just renting a space but I need to attend the seminar first so I will be guided properly on how to avail of the housing loan," he said.

Pag-IBIG Fund Davao branch manager Manolito Olegario said they noted an increase of 10 percent growth of housing loan borrowers as of September 30, 2009 compared to last year of same period.

He attributed the increase to their active promotion of the program even as he said that the demand is there for more units.

He said 50 percent of their borrowers are from outside of Davao City even as far as Cotabato and Surigao.

Assistant manager lawyer Marie Antoniette D. Diaz said Pag-IBIG Davao was able to sell P278.9 million of their acquired assets or 849 units from January to September 2009. For disposal starting October this year are some 566 units located in established subdivisions within Davao City and Davao del Sur.

She said that at the housing fair they assigned staff to entertaining clients who wish to avail of their packages and other queries with regards availment of the Fund services.

She however reminded the Fund members to attend the counseling sessions at their office at Pryce Business Park at J P Laurel Avenue to understand fully the scheme especially on the housing loan program.

Meanwhile Eduardo Manicio, executive vice president of the Social Housing Finance Corporation said that their office was able to assist settlers in Davao City by legalizing the tenure of their occupancy in the area where they spent some P84 million for this purpose.

Manicio was in Davao City for the opening of the housing fair and he said that such activity would encourage and allow the public to know the current policies and programs both of the government and private sector as well as venue for consultation.

Manicio said their office's goal is to assist those who are already on site through the community mortgage program.

For this year they have allocated about P700 million for their various projects around the country and already he said they were able to assist 1,500 communities or some 180,000 individuals.

Davao City Councilor Peter Lavina on the other hand said there should be wise utilization of land resources for human settlement and this is a challenge for everyone to wisely utilize the natural resources.

He said as part of their effort in the local government unit is the involvement of the land development sector in the training that they conducted for human settlement programs in this way the resources in the city will be properly assessed and utilized.

Private exhibitors are participating in the Housing Fair to include among others Uraya Land Development Inc., Robinsons Home Inc., Kisan Lu Realty, Filinvest Land Inc., Primeland Marketing, Davao Joyful Homes, DMC Urban Property Development, Inc., Santos Land Development Corporation, HLC Construction and Development Corporation, Crown Communities, Foothills Realty and Development Corporation, Chula Vista Residences and Holcim Philippines. (PIA) [top]

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