Pag-IBIG Fund in Makati City. Mark Demayo, ABS-CBN News

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Lady Vicencio

ABS-CBN News

<p>MANILA -- Pag-IBIG Fund said the government&#x27;s ban on Philippine offshore gaming Operators may lead to an increase in the demand for housing loans as more condominium units become available.</p><div><a href="https://news.abs-cbn.com/news/2024/11/11/marcos-jr-on-pogo-ban-eo-is-sufficient-022">Marcos Jr. on POGO ban: ‘EO is sufficient’</a></div><p>The state-led home financier also said it can handle the expected increase in the demand for housing loans as members&#x27; savings have reached P98.72 billion.</p><p>“Tinitignan natin ‘yong (We are looking at the) inventories na available for members and sellers who are willing to sell their properties,” said Pag-IBIG Acting Vice President Domingo Jacinto Jr.</p><p>“Hopefully, more members and more inventories come in. More quality housing units come in na maaaring i-consider ng members. ‘Yong ating kakayanan, kaya nating magpahiram,” he added.</p><p>As of September, active members have reached 16.37 million with over P88.17 billion housing loan released.</p><p>Residential real estate loans are on a decline this 2024 according to the third quarter property report of Leechiu Property Consultants.</p><p>But Pag-IBIG hopes to see more members contributing and investing in houses for the fund’s viability.</p><p>“Sa tulong ng ating mga napapahiram, napapautang sa mga miyembro, meron tayong interest mula sa loans na ‘yan, tumataas ang kita ng Pag-IBIG fund. Kung nasa oras at tama ang bayad, masu-sustain ang affordability ng loan,” Jacinto said.</p><p>The agency also sees more housing loans to be availed by members recovering from the impact of recent weather disturbances.</p><p>Pag-IBIG has granted a one month moratorium for housing loan payments of borrowers in areas declared under state of calamity due to Typhoon Kristine.</p><div><a href="https://news.abs-cbn.com/business/2024/11/5/state-housing-agencies-told-to-pause-amortization-for-those-hit-by-kristine-1508">State housing agencies told to pause amortization for those hit by Kristine</a></div><div><strong>RELATED VIDEO:</strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/1kvKFcLkF1c?&amp;ab_channel=ABS-CBNNewsautoplay=1&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>The state-led home financier also said it can handle the expected increase in the demand for housing loans as members' savings have reached P98.72 billion.</p>

The state-led home financier also said it can handle the expected increase in the demand for housing loans as members' savings have reached P98.72 billion.

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Demand for housing loans seen rising after POGO ban

Demand for housing loans seen rising after POGO ban

Lady Vicencio,

ABS-CBN News

Published Nov 12, 2024 07:24 PM PHT

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