For the fourth time in a row since 2006, the Housing and Urban Development Coordinating Council (HUDCC) chaired by Vice President Noli de Castro spearheaded 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 was participated in by the Home Development Mutual Fund (Pag-IBIG), Home Guaranty Corporation (HGC), National Home Mortgage Finance Corporation (NHMFC) and the National Housing Authority (NHA), together with the Bangko Sentral ng Pilipinas (BSP), Social Security System (SSS) and the Government Service Insurance System (GSIS).
The agencies sold their acquired properties with interest rate as low as six percent payable up to 30 years. Housing developers also showcased their latest projects while suppliers of home interiors and furnishing featured their products in the fair.
Close to 75,000 properties all over the country were offered for sale to government and private employees and overseas Filipino workers.
The Pag-IBIG Fund comprised the bulk of the total with 31,476 properties, followed by BSP-21,673, GSIS-20,206, NHMFC-711, SSS-357 and HGC-356.
De Castro said the fair benefits both homebuyers through the availability of affordable homes, and the government financial institutions through the sale of their idle assets.
