Pag-IBIG maintains a low rate of 3% as the high price ceiling raises the quality of the condominiums
Filipino workers are expected to benefit from better quality public housing following the government’s approval of higher price ceilings for social subdivision projects and condominium projects, while the Pag-IBIG Fund continues to provide affordability with its subsidized housing loan rates under the Expanded Pambansang Pabahay Para sa Pilipino (Expanded 4PH) program.
The revised ceiling, issued under the Operating Rules and Regulations (IRR) of the Department of Human Settlements and Urban Development (DHSUD) and the Department of Economy, Planning, and Development (DEPDev) Joint Memorandum Circular No. 2025-001, is intended to reflect current cost conditions and enable developers to deliver improved housing unit quality.
“Under the agenda of President Ferdinand R. Marcos, Jr. on housing, our goal is clear. The workers of the Philippines must have access to safe, dignified and built houses to live in, and live in them,” DHSUD Secretary Jose Ramon P. Aliling said. “By revising the price ceiling, we are aligning project prices with today’s cost conditions so that developers can build better social housing and continue building. This strengthens the housing industry’s ability to deliver more homes on average, while keeping Expanded 4PH firmly focused on affordability to make homeownership more accessible to Filipinos.”
Under the IRR, the maximum selling price of condominium units is changed to P844,440 for a minimum unit size of 24 to 26 sq. m., and P950,000 for 27 sq. m. and more.
For condominium projects, the price ceiling was also revised based on building design and unit size, with maximum prices set at P1.8 million for projects over five stories with unit sizes of 27 sq. m. m. and more.
For eligible residential condominium projects in the National Capital Region and other highly urbanized cities, the IRR also allows for maximum additions based on property value of up to P200,000, bringing the maximum allowable sales price of selected sections to as high as P2.0 million.
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said the Fund will continue to support the Expanded 4PH by keeping home loan policies accessible to eligible members, in line with President Marcos, Jr.’s campaign to expand access to home ownership. He added that the Pag-IBIG Fund will work closely with housing stakeholders, including partner developers, to help accelerate unit production and rollout under the program.
“Our strong financial position allows us to continue to provide subsidized rates under Expanded 4PH so that our members can achieve their dream of owning a home,” said Ms. Acosta. “Even if the best housing is available under the new roof, we will keep the loan terms affordable and work closely with our partners to help accelerate the availability of more housing for Filipino workers.”
Under the Pag-IBIG 4PH Extended Home Loan, eligible members may get a loan at a 3% interest rate subsidized for the first five years of the loan, which is extended for another five years for qualified borrowers. This brings the monthly payments down to P4,005 for house and lot units priced up to P950,000, and about P8,432 for condominium units priced up to P2 million. Through the company’s Early Bird promo, the first 30,000 eligible borrowers can enjoy a subsidized rate for the first 10 years of the loan.
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