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Vice-President Noli “Kabayan” de Castro, chairman of the Housing
and Urban Development Coordinating Council (HUDCC), has announced
that the Housing Fair held in October last year will have a repeat
and will be held yearly thereafter.
With the theme “Serbisyong Tapat, Abot-Kayang
Pabahay para sa Lahat,” the fair will be held from October 23 to
25, 2007 at the Megatrade Hall 1 of the SM Megamall in Mandaluyong
City.
Participating in this year’s Fair are the
housing agencies—Home Guaranty Corp., Housing and Land Use
Regulatory Board, National Home Mortgage Finance Corp., National
Housing Authority, Pag-IBIG Fund and Social Housing Finance
Corp.—and government financial institutions including the
Government Service Insurance System, the Social Security System, and
the Bangko Sentral ng Pilipinas.
Some 40,000 foreclosed properties and acquired
assets of the participating agencies would be offered to both public
and private sector employees including overseas Filipino workers.
“The units have an interest rate of as low as six percent per
annum, and the repayment period is as long as 30 years, depending on
the agency or institution. Buyers may also avail of discounts on the
selling price,” the Vice-President said. The monthly amortization
shall be paid through salary deduction, in cash or postdated checks.
Each participating agency or GFI has its own set
of terms and conditions for the sale of properties in its inventory.
Interested buyers have to be evaluated by the seller agency to
determine their eligibility for cash or loan availment.
Prospective buyers may already fill out a
reservation form at the fair . The fair will also showcase brand-new
housing units.
De Castro said this “housing fair “will give
the people various options depending on their preference and
capacity to pay. There’s something for everyone in this
event—we’re allowing them to make choices.
The complete list of foreclosed properties on
sale will be made available at the foyer of Megatrade Hall 1, 5th
floor, SM Megamall Building B during the Fair. (For more
information, interested parties may call 812-6495.)
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