Pag-IBIG Fund, Megawide mark first topping off milestone under Expanded 4PH partnership
Pag-IBIG Fund and Megawide Construction Corp. marked the first topping off milestone under their partnership on Oct. 1, further advancing President Ferdinand R. Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino Program.
Two residential buildings at JAB Residences in Dasmariñas City, Cavite completed their main structural works toward the development of nearly 4,000 housing units for Filipino workers and their families.
Continued progress
The milestone comes as the country begins National Shelter Month this October, highlighting the continued progress of efforts to bring more affordable homes closer to Filipino workers.
JAB Residences consists of 17 five-story buildings, which offer 27-sqm units priced at P1.5 million each, and available at low monthly payments through the Pag-IBIG Housing Loan.
Department of Human Settlements and Urban Development Secretary and Pag-IBIG Fund Board Chairman Jose Ramon P. Aliling said the topping off adds to the continuing momentum of Expanded 4PH as the administration works with more partners.
“We continue to heed the direction of President Marcos to make housing more accessible to more Filipino families. That is why we continue to address both sides of the housing equation. As we work with more partners to increase the supply of quality homes at prices our members can afford, we also make sure that financing terms remain within the means of Filipino workers,” Aliling said.
“The progress we are seeing is made possible by the collective efforts of the national government, local governments, Pag-IBIG Fund and our private-sector partners, each contributing what it does best. This milestone is another step forward as we work to bring more homes within reach of more Filipino families,” he said.
Accelerating delivery
The milestone follows President Marcos’ visit less than eight months ago to Megawide’s precast plant in Taytay, Rizal, where he saw how modern construction methods could help accelerate the delivery of quality, affordable homes under Expanded 4PH.
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said the thousands of homes being developed through the partnership show how Pag-IBIG Fund can use its financial strength to help increase housing supply while safeguarding and growing members’ savings.
In 2025, Pag-IBIG Fund invested P10 billion in Megawide preferred shares to support the development of 7,143 housing units. The investment earns 9 percent annually, allowing members’ savings to generate returns while helping support the construction of homes they need.
“Our members entrust us with their hard-earned savings. We have a responsibility to manage these prudently, grow their value and put them to work in ways that also help meet their housing needs,” Acosta said.
“That responsibility extends to using Pag-IBIG Fund’s financial strength to help increase the supply of quality homes at prices our members can afford, while keeping our housing loan rates low so monthly payments remain within their means. For us, what matters most is when these efforts come together to help a member finally receive the key to a home of their own,” she added.
Promotional rates
To help members afford the homes being built, qualified socialized housing borrowers under President Marcos’ Expanded 4PH may avail themselves of the Pag-IBIG Housing Loan at a subsidized rate of 3 percent per annum.
Pag-IBIG Fund also offers promotional housing loan rates of 4.5 percent per annum for loans above the socialized housing ceiling up to P4.9 million and 5.75 percent per annum for loans above P4.9 million up to P10 million. Both promotional rates are fixed for the first three years and are available until Dec. 31, 2026.
Aliling and Acosta led the topping off ceremony with Cavite 4th District Rep. Jennifer Austria-Barzaga, Dasmariñas City Mayor Elpidio Barzaga III, and Megawide officials led by chairman, president and CEO Edgar B. Saavedra.
