Manila: The government approved higher price ceilings for socialized subdivision and condominium projects, while the Pag-IBIG Fund continues to offer subsidized housing loan rates under the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program.
According to Philippines News Agency, the state-run housing finance agency announced in a news release that the updated price ceilings are designed to reflect current construction cost conditions and enable developers to improve housing quality and safety standards. These changes are issued under the implementing rules and regulations (IRR) of the Department of Human Settlements and Urban Development (DHSUD) and the Department of Economy, Planning, and Development (DEPDev) Joint Memorandum Circular No. 2025-001.
DHSUD Secretary Jose Ramon Aliling emphasized that the updated price ceilings align project prices with prevailing costs, helping developers sustain construction while enhancing the quality of socialized housing units. This move is part of President Ferdinand R. Marcos Jr.'s housing agenda, which aims to provide Filipino workers access to safe and decent homes that remain affordable.
Under the new IRR, the maximum selling price for socialized house and lot units is set at PHP844,440 for units of 24 to 26 square meters, and PHP950,000 for units of 27 square meters and above. For socialized condominium projects, price ceilings are adjusted based on building classification and unit size, with maximum selling prices reaching up to PHP1.8 million for projects above five floors with unit sizes of 27 square meters and above.
For eligible socialized condominium projects in the National Capital Region and other highly urbanized cities, the IRR permits additional charges based on the zonal value of up to PHP200,000, allowing the maximum selling price for select categories to go as high as PHP2 million.
Pag-IBIG Fund Chief Executive Officer Marilene Acosta stated that the Fund will continue to support the Expanded 4PH by maintaining affordable housing loan terms for qualified members, consistent with the Marcos administration's goal of expanding access to homeownership. Acosta highlighted that the Fund's strong fiscal position allows for the continuation of subsidized rates under the Expanded 4PH, enabling members to achieve their dream of homeownership.
She also mentioned that Pag-IBIG Fund will collaborate closely with housing stakeholders, including partner developers, to expedite housing unit production and loan takeouts under the program. Qualified members can access loans at a subsidized interest rate of three percent for the first five years, which can be extended for another five years for eligible borrowers. This results in monthly amortizations of approximately PHP4,005 for house and lot units priced up to PHP950,000, and around PHP8,432 for condominium units priced up to PHP2 million.
Additionally, through Pag-IBIG Fund's 'Early Bird' promotion, the first 30,000 qualified borrowers can enjoy the subsidized three-percent interest rate for the first 10 years of their housing loan.
