With their significant contributions to the continued growth of the Pag-IBIG Fund, twenty-two members of the largest private housing developers alliance in the country, Subdivision and Housing Developers Association Inc. (SHDA), were commended as top-performing real estate developers in the Pag-IBIG Fund Stakeholders’ Accomplishment Report (StAR) for Q1 to Q3 of 2022.
The Stakeholders’ Accomplishment Report is an event conducted by the state-owned Home Development Mutual Fund (HDMF) or Pag-IBIG Fund to recognize the top developers, employers, service partners, and key stakeholders in five major regions in the Philippines whose support to the organization has been instrumental in allowing them to perform excellently in the pursuit of their mandates.
“As the largest and leading housing and real estate developers association in the Philippines, it is truly an honor for us that HDMF recognized the achievements of some of our members, which have delivered outstanding performance in the first to the third quarter of this year. We are proud to say that our members have been consistent recipients of Pag-IBIG Fund’s StAR Awards year after year. This shows how our alliance is committed to Pag-IBIG Fund’s pursuit of providing affordable home financing for Filipino families and a more vibrant housing and real estate sector,” said SHDA President May Rodriguez.
SHDA members Raemulan Lands, Inc., Axeia Development Corporation, The New Apec Group of Companies, 8990 Housing Development Corporation, Borland Development Corporation, Homemark Group of Companies, P.A Alvarez Properties and Development Corporation, CENQHOMES Development Corporation and PHINMA Property Holdings Corporation claimed the top nine spots respectively for top developers in the National Capital Region.
Borland Development Corporation is named “best performing loans ratio” and the “best performing accounts ratio”, while A. J Mark Group of Companies grabbed the “best performing conversion” award in the NCR.
Included in the North Luzon top developers are Hausland Group (Top 1), Borland Development Corporation (Top 3), 8990 Housing Development Corporation (Top 4), The New Apec Group of Companies (Top 7) and P.A Alvarez Properties and Development Corporation (Top 8). Borland Development Corporation bagged the “best in performing accounts ratio award. The New Apec Group of Companies got the “best in performing loans ratio” award, while 8990 Housing Development Corporation got the “best performing conversion” award.
Meanwhile, The New Apec Group of Companies (Top 2), Lynville Land Development Corporation (Top 3), Borland Development Corporation (Top 7), Shelter Systems Development Corporation (Top 8) and Bellavita Land Corporation (Top 10) hailed as the top developers in South Luzon.
SHDA members also dominated the Visayas region with 8990 Housing Development Corporation (Top 1), Cebu Landmasters Incorporation (Top 3), Saekyung Realty Corporation (Top 5), Johndorf Ventures Corporation (Top 7), Pacific Land Ventures and Property Devt. Inc. (Top 8), and Juanito King and Sons Incorporated (Top 9). Cebu Land Masters bagged the “best performing loans ratio” award.
Finally, 8990 Housing Development Corporation emerged as the top developer in Mindanao along with Johndorf Ventures Corporation (Top 2), VCDU Realty Corporation (Top 3), Davao Joyful Homes Realty Corporation or DJHRC (Top 5), Liberty Land Corporation (Top7) and PHINMA Property Holdings Corporation (Top 8). The “best in performing accounts ratio” and “best in performing loans ratio” awards were given to DJHRC.
The Pag-IBIG Fund StAR is one of the ways of HDMF to promote transparency and accountability, as they report the strong state of the Pag-IBIG Fund.
During the event held last November 29, 2022, at the Century Park Hotel in Manila, Pag-IBIG Chief Executive Officer Marilene Acosta also announced that Pag-IBIG continues to soar, with a total of P810.07 billion in total assets as of today. With the current 14.91 million active members, it collected P66.66 billion in member savings, while the MP2 voluntary saving program increased to P33.72 billion.