437 PAG-IBIG members have acquired homes for their families through the Housing Fairs conducted by Pag-IBIG Fund.
The homebuyers, mostly minimum-wage earners, availed of the affordable payment schemes for acquired properties offered by the Fund.
Housing units were offered for as low as P100,000.00 with an annual interest rate of as low as 4.00%. Discounts ranging from 25% to 30% were also given to buyers depending on their chosen mode of payment.
“Pursuant to the directive of Pag-IBIG Board of Trustees Chairman Vice President Jejomar C. Binay to make our housing programs more accessible to more members, we have been implementing innovative programs to effectively dispose of our acquired assets, and the series of Housing Fairs we conducted have yielded positive results,” said Atty. Darlene Marie B. Berberabe, President and Chief Executive Officer of Pag-IBIG Fund.
Also called Open House Activities, the Housing Fairs aim to dispose Pag-IBIG acquired assets to interested homebuyers, particularly those whose places of work are within the vicinity of Pag-IBIG’s acquired properties located in the National Capital Region. Qualified occupants of the Pag-IBIG acquired assets were also given priority to purchase the property they occupy.
Pag-IBIG Fund earned P86.72 Million from the 353 units it sold during the 12 Housing Fairs conducted from March to October this year. The Fund also participated last October 2013 in the annual Housing Fair of the Housing and Urban Development Coordinating Council (HUDCC), successfully selling 84 accounts worth P22.86 Million.
Pag-IBIG earned a total of P109.58 Million from the properties it sold during the Fairs.
“We were able to save about P14 Million from this mode of disposition since we no longer have to pay for broker’s commission, and the cost of maintenance for our acquired assets was reduced,” Berberabe said.