Pasay city: Around 30,000 potential homebuyers are expected to attend the National Housing Expo from Oct. 23 and 24, the Department of Human Settlements and Urban Development (DHSUD) said on Wednesday.
According to Philippines News Agency, the DHSUD and the Pag-IBIG Fund will showcase affordable housing options under the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program. The event, to be held at the World Trade Center in Pasay City, will feature over 100,000 brand-new homes from the country’s top 50 developers, available through the Pag-IBIG Housing Loan. More than 30,000 Pag-IBIG Acquired Assets will also be offered at up to 40 percent discount, according to the DHSUD.
DHSUD Secretary and Pag-IBIG Fund Chairman Jose Ramon Aliling stated that the Expo highlights the administration’s whole-of-nation approach to address the country’s housing needs. ‘The National Housing Expo stands as a landmark initiative that unites the entire housing sector-government agencies and private institutions alike-in fulfilling President Ferdinand R. Marcos Jr.’s directive to ensure that every Filipino family has access to affordable and decent housing,’ Aliling said. He added that the Expo forms part of the DHSUD’s National Shelter Month celebration this October, alongside regional housing fairs in Cagayan de Oro, Cebu, Iloilo, Pampanga, Bacolod, Batangas, and General Santos.
Visitors at the Expo may explore housing projects within Metro Manila and nearby provinces. A key feature of the event allows attendees to be assessed for their Pag-IBIG Housing Loan entitlement based on income, helping them identify properties they can afford through the agency’s loan programs.
Pag-IBIG Fund Chief Executive Officer Marilene Acosta reaffirmed the agency’s commitment to making homeownership easier and more affordable for Filipino workers. ‘Pag-IBIG Fund remains the largest home financier in the country. We continue to make homeownership easier through our 3-percent interest rate for socialized housing under the Expanded 4PH Program,’ Acosta said. She noted that Pag-IBIG recently reduced its interest rate to 4.5 percent per annum for properties worth up to PHP1.8 million, available to the first 10,000 local workers and 1,000 overseas Filipino workers.
The Pag-IBIG Acquired Assets Super Sale, which offers ready-to-occupy homes at discounted prices, runs until December. Meanwhile, members seeking to upgrade their homes may avail of the Home Improvement Loan Program, which provides up to PHP300,000 for repairs or renovations. Acosta said the fund’s strong financial position allows it to support every Filipino worker in their journey to homeownership.
