Owning a house in Philippine real estate has never been easier. The Pag-IBIG Fund, the Philippine government’s top housing loan program, released over P20 billion during the first six months of 2010. That money was earmarked for the construction of different houses across the Philippines, and it’s been helpful for many Filipinos seeking to own their own home.
Since expanding membership to include employed members of the SSS and the GSIS, the fund’s membership count topped off at more than 8 million. Apparently, it’s right on target to meet its goal of 9.5 million members this year. The Philippine real estate loan association helps 177 people get a new home each day, which translated to the ownership of over 30,000 units during the past six months. That’s simply amazing, even as the rest of the global housing market is in a slump. If that trend continues, more and more Filipinos will own their own home or condo in Makati and other areas in the country.
