Pag-IBIG Fund, Megawide partnership to build over 7,000 socialized homes

Pag-IBIG Fund has entered into a partnership with Megawide Construction Corp. to accelerate the delivery of 7,143 housing units in medium-rise residential developments under the government's Expanded Pambansang Pabahay para sa Pilipino Program, or Expanded 4PH.

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Pag-IBIG Fund said the homes are expected to be priced below typical market prices for comparable units, bringing them within the socialized housing range, with amenities more commonly found in higher-priced developments, and be available within two to three years.

The partnership will cover two initial sites in Dasmariñas, Cavite, consisting of 4,185 housing units in the Dasmariñas-Salitrán site and 2,958 housing units in the Dasmariñas-Paliparan site, supporting the national government's push to scale socialized housing through greater private sector participation and faster project delivery.