PAG-IBIG collects ₧66.66B, fetes property developers
THE Home Development Mutual Fund (HDMF), or PAGIBIG Fund, reported collecting P66.66 billion in savings from its current 14.91 million active members.
During the presentation of its recent Stakeholders’ Accomplishment Report (STAR) for the first quarter to third quarter of 2022, PAG-IBIG CEO Marilene C. Acosta also announced that the agency continues to soar, with a total of P810.07 billion in total assets as of today, up nearly 10 percent or P65.49 billion from P744.58 billion in 2021.
Acosta said the Modified PAG-IBIG II (MP2) voluntary saving program grew to P33.72 billion.
She expressed gratitude to members and stakeholders for the support that, Acosta said, enabled the government-owned and controlled corporation to improve 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 across five major regions nationwide for their continued back up of the organization in the pursuit of its thrusts.
Top performers
ABOUT 22 members of the Subdivision and Housing Developers Association Inc. (SHDA) were commended as 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 Development Corp.; Borland Development Corp.; Homemark Group of Companies; P.A. Alvarez Properties and Development Corp.; Cenqhomes Development Corp.; and, Phinma Property Holdings Corp. These firms claimed the top nine spots for developers in the National Capital Region (NCR).
Borland Development won the “best performing loans ratio” and the “best performing accounts ratio” accolades.
The North Luzon top developers were: Hausland Group (Top 1); Borland Development Corp. (Top 3); 8990 Housing Development Corp. (Top 4); The New Apec Group (Top 7); and, P.A. Alvarez Properties (Top 8).
Again, Borland Development bagged the “best in performing accounts ratio award in the region.” The “best in performing loans ratio” award went to The New Apec while the “best performing conversion” was conferred to 8990 Housing.
Hailed as the top developers in South Luzon were: 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 bagged the “best performing loans ratio” award.
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). The “best in performing accounts ratio” and “best in performing loans ratio” awards were given to DJHRC.
“As the largest and leading housing and real estate developers association in the Philippines, it is truly an honor for us that HDMF recognized the achievements of some of our members, which have delivered outstanding performance in the first to the third quarter of this year,” said SHDA President May P. Rodriguez.
“We are proud to say that our members have been consistent recipients of PAG-IBIG Fund’s STAR Awards year after year. This shows how our alliance is committed to PAGIBIG Fund’s pursuit of providing affordable home financing for Filipino families and a more vibrant housing and real estate sector,” she added.