BUSINESS NEWS | real estate

Pag-IBIG Fund Chairman's Report 2021 recognizes SHDA members as top-performing real estate developers

By Icon Executive Asia
Published April 07, 2022

Nine members of the Subdivision and Housing Developers Association, Inc. (SHDA), an alliance of private housing developers, were recently recognized as top-performing real estate developers in the Pag-IBIG Fund 2021 Chairman's Report.

The Chairman's Report is an annual event conducted by the Pag-IBIG Fund and the Department of Human Settlement and Urban Development (DHSUD) to highlight the accomplishments of Pag-IBIG Fund and its stakeholders, partner institutions, and developers who have excelled in their performance for housing loan deliveries and take out of accounts.

Included in the partner developers whom the Pag-IBIG Fund awarded as the top developers in terms of housing loan takeout-loan value for 2021 are SHDA members Raemulan Lands (Top 1), The New APEC Development Corporation (Top 2), 8990 Holdings (Top 3), Axeia and Basic Housing (Top 4), Hausland Group (Top 8), Lynville Land Development Corporation (Top 9), and Homemark (Top 10).

SHDA members also received several special awards, which include "most number of members served" for Raemulan Lands, "highest growth rate" for 8990 Holdings, "highest performing accounts ratio" for The New APEC Development Corporation, and "highest performing loans ratio" for Lynville Land Development Corporation. Charles Builders Group of Company also bagged a special award.

"As an alliance of more than 300 housing developers in the country, we are honored and grateful to HDMF and DHSUD for recognizing the achievements of some of our members who have delivered outstanding performance year after year. We are proud that 7 out of the Top 10 awardees this year are SHDA members. This performance shows our organization's commitment to Pag-IBIG Fund's pursuit of providing affordable home financing for Filipino families wanting to own a home. It also solidifies SHDA as a leading voice in promoting a more vibrant housing and real estate sector," said SHDA President May Rodriguez. 

According to Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy Moti, these awards mark the success of the housing industry as a whole.

"We acknowledge the dynamic home builders whose contributions tremendously helped Pag-IBIG Fund achieve its mandate of addressing the housing needs of Filipinos and who had shown exemplary performance given the difficulties spawned by the pandemic. Through our members' trust and the unwavering support of our partner developers and industry partners, our home loan releases reached P100.8 billion in 2021 - the highest ever in our history. We want to encourage our housing developers to continue building affordable communities and realize the Filipino dream of homeownership through these recognitions. As the economy continues to recover, we expect that this synergy with our stakeholders will further strengthen the housing industry, as we continue our shared pursuit of providing Filipino workers and their families a home they deserve and can call their own," Moti shared.

Top 9 developer and highest performing loans ratio awardee Lynville Land Development and the top 10 developer Homemark Inc., who have been members of SHDA for 14 and 12 years, respectively, expressed their sincerest gratitude to Pag-IBIG Fund.

Lynville Land Development President and CEO Kerwin Padua said, "Being part of the top 10 Pag-IBIG Fund developers is an absolute honor, especially since we can share this celebration with many of my brothers and sisters in SHDA. The organization has been instrumental to our success by providing us with invaluable resources in the form of guidance, support, collaboration, and networking. We are extending our congratulations to all of us developers who continue to help shape the nation by providing affordable homes to Filipinos who have only ever dreamed of owning their own homes. May we all continue to share future successes as we shelter the nation."

Meanwhile, Homemark Chief Operating Officer Evelyn Lacuata mentioned, "We want to convey our heartfelt gratitude to Pag-IBIG Funds for the relentless and unwavering support they had incessantly accorded us for all these years, more particularly when we were struggling with the crippling effects of the pandemic in our loan take-out operations. We are deeply honored being conferred as Top 10 Developer during the 2021 Chairman's Report. This award is significant to us given that we have earned it amidst the pandemic where everything is ambiguous and uncertain. Indeed, it is a fruition of our hard work, perseverance, resilience, commitment, and dedication during challenging times. We proudly share this honor with every member of our company."