50K homes up for grabs at biggest housing expo
The Philippine government, through the DHSUD and Pag-IBIG Fund, is hosting a large-scale housing expo to promote the 'Expanded 4PH' program. The event offers subsidized loan rates and showcases thousands of units to increase homeownership among Filipino families.
Why it matters
This initiative represents a significant government effort to address the housing backlog and improve living standards through public-private partnerships.
MORE than 50,000 housing units are being showcased by over 80 property developers at the country's biggest National Housing Expo, offering Filipino families more choices and access to subsidized home loans under the administration's Expanded 4PH housing program.The two-day expo, which opened Monday, Oct. 19, at the SMX Convention Center Manila in Pasay City, brings major real estate developers and government housing agencies under one roof to make homeownership more accessible.Organized by the Department of Human Settlements and Urban Development (DHSUD) and Pag-IBIG Fund, the event is part of the celebration of National Shelter Month and the largest edition of the government-led housing expo to date.A major draw is Pag-IBIG Fund's subsidized housing loan rates of 3 percent, 4.5 percent and 5.75 percent for qualified borrowers, depending on the applicable program and loan terms.
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