PAG-IBIG COMMENDS 22 SHDA MEMBERS AS TOP REAL ESTATE DEVELOPERS, INCLUDES NORTH LUZON DEVELOPERS

December 10, 2022 Community Billboard

PAG-IBIG recently commended 22 members of the Subdivision and Housing Developers Association Inc. (SHDA), top performing real estate developers in the Pag-IBIG Fund Stakeholders’ Accomplishment Report (StAR) for Q1 to Q3 of 2022. The recognition was presented for their significant contributions to the continued growth of the Pag-IBIG Fund. The Stakeholders’ Accomplishment Report is an event conducted by the state-owned Home Development Mutual Fund (HDMF) or Pag- IBIG Fund to recognize the top
developers, employers, service partners, and key stakeholders in five major regions in the country.

“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. 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 Pag-IBIG Fund’s pursuit of providing affordable home financing for Filipino families and a more vibrant housing and real estate sector,” SHDA President May Rodriguez stated in the release. North Luzon top developers include– Hausland Group (Top 1), Borland
Development Corporation (Top 3), 8990 Housing Development Corporation (Top 4), The New Apec Group of Companies (Top 7) and P.A Alvarez Properties and Development Corporation (Top 8).

Borland Development Corporation bagged the “best in performing accounts ratio award. The New Apec Group of Companies got the “best in performing loans ratio” award, while 8990 Housing Development Corporation got the “best performing conversion” award. The Pag-IBIG Fund StAR is one of the ways of HDMF to promote transparency and accountability, as they report the strong state of the Pag- IBIG Fund.
Meanwhile, Pag-IBIG Chief Executive Officer Marilene Acosta reported that, to date, Pag-IBIG has a total
assets of P810.07 billion. With the current 14.91 million active members, and it collected P66.66 billion in member savings.

Primo Agatep/ABN