Mass housing developer 8990 Holdings Inc. recorded more than P1 billion in loan takeouts with state-run Home Development Mutual Fund (Pag-IBIG Fund) in the first half of this year, making the company Pag-IBIG’s top developer nationwide.
In a statement, 8990 Holdings said that in December last year, 4,968 accounts, equivalent to about P4 billion worth of contracts to sell (CTS) from its various low-cost housing projects located in Angeles, Lipa, Cebu, Iloilo and Davao Cities, were migrated to Pag-IBIG for take-out under the Fund’s existing housing loan program.
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