Over 11K Housing Units Available At Visayas Fair

Inanunsyo ng Pag-IBIG Fund ang housing fair sa Bacolod City kung saan maaaring tingnan ng mga homebuyer ang mga unit mula sa 26 developers.

Over 11K Housing Units Available At Visayas Fair

By Metropolitan.ph
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By Metropolitan.ph
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Pag-IBIG Fund is urging homebuyers in the Visayas to take advantage of a housing fair in Bacolod City from Oct. 27-28, where more than 11,000 housing units will be offered by 26 developers.

Dr. Kenneth Macoy, chief of the Countryside Housing Initiative under Pag-IBIG Fund’s Business Development Department-Visayas, announced the two-day event during a media forum on Tuesday.

The Visayas Housing Fair will be held at the SMX Convention Center in Bacolod City, offering prospective buyers access to housing options and promotional financing rates.

“This is in line with the directive of President Ferdinand R. Marcos and aligned with the direction of our DHSUD (Department of Human Settlements and Urban Development) Secretary Jose Ramon Aliling to provide and expand access to affordable housing financing based on the member’s capacity,” Macoy said.

He said Pag-IBIG Fund hopes to maximize the number of units acquired through the fair.

Eligible buyers can avail themselves of a 3 percent subsidized interest rate for socialized housing loans during the first five years. Members applying for loans of more than PHP1.8 million up to PHP4.9 million can qualify for a 4.5 percent rate, while loans above PHP4.9 million up to PHP10 million carry a 5.75 percent rate for the first three years.

The promotional rates are available only until the end of 2026.

Pag-IBIG Fund Western Visayas Area Head Stanley Alayon said 3,679 of the agency’s 557,216 members in the region have obtained new or better homes through its housing programs. He clarified that the figure does not necessarily mean other members without housing loans already own homes.

Alayon said the fair aims to make affordable and sustainable housing more accessible.

Gina Lanceta, head of the Pag-IBIG Fund Iloilo-Mandurriao branch, encouraged young professionals to consider applying for housing loans early rather than waiting until they get married.

“We encourage them to avail [of housing loans] even if they are not married because housing loans and properties accelerate. So, you start young,” she said. (PNA)

Bacolod