This is just a reminder for interested parties to get ready for the 2009 Philippine Housing Fair which pushes through on December 27-29, 2009 at the SM Megamall Megatrade Halls 1 and 2. Originally scheduled on October 27-29, 2009, the 4th Philippine Housing fair was postponed, most probably due to the complications caused by Typhoon Ondoy’s visit. I’m just glad that the housing fair will finally push through. This was also mentioned in a recently published news article in Pag-IBIG’s website, a copy of which can be seen below.
HUDCC holds 4th housing fair on Dec. 27-29
December 4, 2009
For the fourth time in a row since 2006, the Housing and Urban Development Coordinating Council (HUDCC) chaired by Vice President Noli “Kabayan” De Castro, will spearhead the conduct of a three-day Housing Fair from December 27 to 29 at the SM Megamall Megatrade Halls 1 and 2 in Mandaluyong City.
The Fair will be participated in by the Home Development Mutual Fund (Pag-IBIG Fund), the Home Guaranty Corporation (HGC), the National Home Mortgage Finance Corporation (NHMFC), together with the Bangko Sentral ng Pilipinas (BSP), the Social Security System (SSS), and the Government Service Insurance System (GSIS).
These agencies will sell their acquired properties with interest rate as low as 6 percent payable up to 30 years. Housing developers will also showcase their latest projects while suppliers of home interiors and furnishing will feature their products in the fair.
De Castro said the housing fair is part of government’s continuing effort to provide decent and affordable homes to low-income workers.
“We understand their aspiration to have decent homes they can call their own. This is one way of helping them realize that dream,” De Castro stressed.
Close to 75,000 properties all over the country will be offered for sale to government and private employees and overseas Filipino workers.
The Pag-IBIG Fund comprises the bulk of the total with 31,476 properties, followed by the BSP – 21,673; the GSIS – 20,206; the NHMFC – 711, the SSS – 357 and the HGC – 356.
Under the program, Pag-IBIG has disposed acquired properties valued at P5.6 billion.
According to De Castro, the Fair benefits both homebuyers through the availability of affordable homes, and the government financial institutions through the sale of their idle assets. (end)
Source: http://www.pagibigfund.gov.ph/nr_deca.htm
For more details about the 4th Philippine Housing Fair (2009), you may also visit my earlier post: Philippine Housing Fair 2009 which contains a tabulation of the terms and conditions, direct links to the listings of acquired assets/foreclosed properties of each of the key shelter agencies and government financial institutions, and other useful information.
Lastly, if you are attending the housing fair to buy your first home, why not treat it as your first real estate investment?!
Happy investing!
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My vision – financial freedom for all!
Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Blog: https://www.foreclosurephilippines.com
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Text by Jay Castillo. Copyright © 2009 All rights reserved.
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This project is great,it will help a lot of unfortunate ondoy victims,but make sure that the beneficiary of these project is those people who don’t have a chance to start/build a new house again.