SHDA supports Pag-IBIG’s bulk sale of acquired assets

In order to provide affordable house financing for Filipino workers, the Subdivision and Housing Developers Association (SHDA), together with Pag-IBIG Fund, have enjoined several groups and employers to access the affordable shelter financing program through the Pag-IBIG’s bulk and group sale of its acquired assets.

During its fourth Kapihan Forum, SHDA National President May Rodriguez said that since its inception in 1970’s, it said that they remained steadfast, not only in articulating the advocacy of the housing industry but also in championing the welfare of the member developers and providing its members more opportunities.

“Pag-IBIG Fund, on the other hand, has been SHDA’s partner in providing affordable home financing to our kababayans,” Rodriguez added.

During the virtual event entitled “Own a Home for Less: Pag-Ibig Fund Acquired Assets For Bulk Sale,” Pag-IBIG Fund emphasizes that part of its mandate is to ensure that the housing loan programs consider all stakeholders involved and that it caters to both the demand and supply of the housing industry.

“This is why we manage the Pag-IBIG Fund prudently to keep our interest rates low and our home loans affordable. This is also why we have inclusive programs that cater to all Philippine workers, including the socialized housing market,” said Marilene C. Acosta, Pag-IBIG Fund Deputy Chief Executive Officer of Home Lending Operations Cluster.

Regular and Buyer-Initiated Bulk Sale

The Kapihan discussion focused on how members can purchase Pag-IBIG Funds’ bulk and group sale of its Real and Other Properties Acquired (ROPA) or acquired assets through their employers.
Members are entitled to a 40 to 45 percent discount upon approval of their loan of at least P10 million worth of properties.

For regular bulk sales, buyers should avail at least P10 million worth of properties under the Negotiated Sale only, while for buyer-initiated bulk sale (BIBS), ROPA may be in various stages for disposal, which are first and second Public Auction or Negotiated Sale.

Pag-IBIG Fund urges the buyers to purchase properties in bulk or group sale for a much higher discount rate of 40 percent for approved P10 million to P50 million worth of properties; 42 percent discount for more than P50 million to P100 million; and 45 percent for sales of more than P100 million for both regular bulk sale and BIBS.

The Pag-IBIG Fund also clarified that if the buyers fail to secure properties worth P10 million in their first attempt, they are still entitled to bid or submit another request for three consecutive attempts within five successive postings of properties to meet the ceiling prices set by Pag-IBIG to qualify for the discounts.

Pag-IBIG Fund only approves cash payments or short-term installments and requires a fee of 5 percent of the net selling price. On top of the down payment, a P5,000 cash bank per property for short-term installments is needed.

Once Pag-IBIG Fund approves the properties under regular bulk or BIBS, the members of employees, associations, or cooperatives will have to sign a memorandum of agreement with Pag-IBIG Fund stating the properties sold and the terms of payment, including the qualified discount.

With the considerable discount on buying bulk sales, Pag-IBIG Fund and SHDA encourage cooperatives to extend their services to their employees to access the government’s affordable housing.

Employees and active members of associations may visit the Pag-IBIG Fund’s website to know more about the regular bulk sale and BIBS, as well as the properties ready for disposal under negotiated sale, first and second public auction at

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