August 27, 2025 | 12:00am
MANILA, Philippines — The House Growth Mutual Fund, generally generally known as Pag-IBIG Fund, is ramping up the sale of foreclosed properties, placing 1000’s available on the market at decrease costs to assist extra Filipino staff obtain reasonably priced homeownership.
Pag-IBIG CEO Marilene Acosta stated the nationwide “Acquired Property Tremendous Sale” not solely makes housing extra reasonably priced but additionally strengthens the safety of tenure for 1000’s of Filipino households.
“That is additionally one of the best time for present occupants of our foreclosed properties to settle with Pag-IBIG Fund and change into respectable householders,” Acosta stated.
“We are going to subject them with invites to buy or lease the property they at the moment occupy, in order that they will legalize their tenure and eventually acquire peace of thoughts in having a house to name their very own,” she added.
The initiative runs till Dec. 14 and affords reductions of as much as 40 % on occupied properties and as much as 35 % on unoccupied ones, which kinds a part of the federal government’s expanded Pambansang Pabahay para sa Pilipino (4PH) Program.
The supply integrates foreclosed belongings into the nationwide housing pipeline.
For occupied properties, consumers paying in money can now get pleasure from a 40 % low cost, increased than the earlier 30 %.
These choosing short-term installment plans will get 30 % off from 20 %, whereas purchases made by way of Pag-IBIG housing loans now carry a 20 % low cost, double from the sooner fee.
Unoccupied properties have additionally change into extra reasonably priced, with reductions raised to 35 % for money consumers, 25 % for short-term installment consumers and 15 % for these utilizing Pag-IBIG housing loans.
Acosta stated members might now browse property listings, place bids and full purchases by way of a sooner and extra clear on-line platform.
“Simply in time for the Tremendous Sale, now we have enhanced our public sale system to make the method totally digital. New batches of properties shall be posted each week till Dec. 14, giving extra Filipino staff the prospect to take part,” Acosta stated.
Eligible members, particularly minimal and low-wage earners, in addition to Filipino staff overseas, can apply for Pag-IBIG housing loans beneath the 4PH Program. The scheme carries a sponsored three % rate of interest for the primary 5 years.
