February 7, 2023

Eureka News

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Pag-IBIG Raises ₧66.66B, Celebrates Real Estate Developer

The Home Development Mutual Fund (HDMF), or Pag-IBIG Fund, reported raising 66.66 billion pesos in savings from its current 14.91 million active members.

During the presentation of its latest Stakeholders’ Accomplishment Report (StAR) for the first three quarters of 2022, Marilene C. Acosta, CEO of Pag-IBIG, also announced that the agency continues to climb with a total of 810.07 billion pesos on today’s assets increased nearly 10 percent, or P65.49 billion, from P744.58 billion in 2021.

Acosta said the Modified Pag-IBIG II (MP2) voluntary austerity program had grown to 33.72 billion pesos.

She thanked members and stakeholders for the support that Acosta said has enabled the state-owned and controlled company to improve its performance amid the pandemic.

With significant contributions to the continued growth of the Pag-IBIG fund, the StAR was held to honor top developers, employers, service partners and key stakeholders in five major regions across the country for their continued support of the organization in pursuing its advances.

top performer

SOME 22 members of the Subdivision and Housing Developers Association Inc. (SHDA) were recognized as the top performing real estate developers during the event.

These developers included: Raemulan Lands Inc.; Axeia Development Corp.; The new Apec group of companies; 8990 housing association; Borland Development Corp.; Homemark group of companies; PA Alvarez Properties and Development Corp.; Cenqhomes Development Corp.; and Phinma Property Holdings Corp. These companies claimed the top nine spots for developers in the National Capital Region (NCR).

Borland Development won Best Performing Loans Ratio and Best Performing Accounts Ratio awards.

North Luzon’s top developers were: Hausland Group (Top 1); Borland Development Corp. (top 3); 8990 housing association (top 4); The New Apec Group (Top 7); and PA Alvarez Properties (Top 8).

Borland Development once again received the Best in Performing Accounts Ratio award in the region. The Best in Performing Loan Ratio award went to The New Apec, while Best Performing Conversion went to 8990 Housing.

Hailed as top developers in South Luzon: The New Apec Group (Top 2); Lynville Land Development Corp. (top 3); Borland Development (Top 7); Shelter Systems Development Corp. (top 8); and Bellavita Land Corp. (Top 10).

Visayas, Mindanao

SHDA members also dominated the Visayas region with 8990 Housing (Top 1); Cebu Landmasters Inc. (Top 3); Saekyung Realty Corp. (Top 5); Johndorf Ventures Corp. (Top 7); Pacific Land Ventures and Property Development Inc. (Top 8); and Juanito King and Sons Inc. (Top 9). Cebu Landmasters was awarded the Best Performing Loans Ratio.

The top developer in Mindanao was 8990 Housing, followed by Johndorf Ventures Corp. (Top 2) and VCDU Realty Corp. (Top 3). Other spots were captured by: Davao Joyful Homes Realty Corp., or DJHRC, (Top 5); Liberty Land Corp. (Top7); and Phinma Property Holdings (top 8). Best in Performing Accounts Ratio and Best in Performing Loans Ratio awards were presented to DJHRC.

“As the largest and premier homebuilder and real estate developer association in the Philippines, it is truly an honor for us to have HDMF recognize the achievements of some of our members who have delivered outstanding performances during the first three quarters of this year. said SHDA President May P. Rodriguez.

“We are proud to say that year after year, our members have regularly received the StAR awards from the Pag-IBIG Fund. This shows how committed our alliance is to the Pag-IBIG Fund’s quest to bring affordable home financing and a more dynamic housing and real estate sector to Filipino families,” she added.