Developer to finish homes worth P1 billion

Housing developer Ovialand, Inc. is aiming to finish 600 housing units worth P1 billion this year.

In a statement, the firm said it is slated to take out P1 billion from the PAG-IBIG Fund this year in the form of housing loans of its buyers.

 “We will be completing 600 housing units this year across four developments in Laguna and Quezon Province. 70 percent of these house and lots are already sold and our home-buyers are waiting for the turnover of their units,” said Ovialand President Pammy Vital.

She noted that, “Pag-Ibig Fund really went above and beyond the call of duty for the developers during the pandemic. They were able to quickly shift to maximizing the use of technology in verifying loan applications and conducting unit inspections.”

“When 2020 began, we already had a commitment to our clients to deliver to them their homes. As first time home-buyers, their need for their own comfortable home became even more apparent during the pandemic,” said Vital.

She added that, “When real estate was allowed to restart, we had no time to waste. Thankfully, Pag Ibig Fund was there to process the loans of our clients.”

As the demand for house and lot units continue to increase, Vital said Ovialand is ready to face a busy 2021 ahead.

“The truth is, many Filipinos are still searching for their first home. Pandemic or not, our nation is at the cusp of a new generation. 75 percent of homebuyers are millennials who are starting their young families and this pandemic has made many realize the need to prioritize a home investment rather than careless spending,” she said. Ovialand caters to the emerging middle class Filipino home-buyers, with a brand promise of “Premier Family Living”, committing to giving all their clients the premium experience in real-estate.