With their significant contributions to the continued growth of the Pag-IBIG Fund, 22 members of the Subdivision and Housing Developers Association Inc. (SHDA), were commended as top-performing real estate developers in the Pag-IBIG Fund Stakeholders’ Accomplishment Report (StAR) for Q1 to Q3 of 2022.
The Stakeholders’ Accomplishment Report is an event conducted by the state-owned Home Development Mutual Fund (HDMF) or Pag-IBIG Fund to recognize the top developers, employers, service partners, and key stakeholders in five major regions in the Philippines whose support to the organization has been instrumental in allowing them to perform excellently in the pursuit of their mandates.
“As the largest and leading housing and real estate developers association in the Philippines, it is truly an honor for us that HDMF recognized the achievements of some of our members, which have delivered outstanding performance in the first to the third quarter of this year. We are proud to say that our members have been consistent recipients of Pag-IBIG Fund’s StAR Awards year after year. This shows how our alliance is committed to Pag-IBIG Fund’s pursuit of providing affordable home financing for Filipino families and a more vibrant housing and real estate sector,” said May Rodriguez, SHDA president.
SHDA members Raemulan Lands Inc., Axeia Development Corp., The New Apec Group of Companies, 8990 Housing Development Corp., Borland Development Corp., Homemark Group of Companies, P.A Alvarez Properties and Development Corp., CENQHOMES Development Corp. and PHINMA Property Holdings Corp. claimed the top nine spots respectively for top developers in the National Capital Region.
Borland Development Corp. is named “best performing loans ratio” and the “best performing accounts ratio”, while A. J Mark Group of Companies grabbed the “best performing conversion” award in the NCR.
Included in the North Luzon top developers are Hausland Group (Top 1), Borland Development Corp. (Top 3), 8990 Housing Development Corp.(Top 4), The New Apec Group of Companies (Top 7) and P.A Alvarez Properties and Development Corp. (Top 8).
Borland Development Corp. bagged the “best in performing accounts ratio award. The New Apec Group of Companies got the “best in performing loans ratio” award, while 8990 Housing Development Corporation got the “best performing conversion” award.
The New Apec Group of Companies (Top 2), Lynville Land Development Corp. (Top 3), Borland Development Corp. (Top 7), Shelter Systems Development Corporation (Top 8) and Bellavita Land Corp. (Top 10) hailed as the top developers in South Luzon.
SHDA members also dominated the Visayas region with 8990 Housing Development Corp. (Top 1), Cebu Landmasters Inc. (Top 3), Saekyung Realty Corp. (Top 5), Johndorf Ventures Corp. (Top 7), Pacific Land Ventures and Property Devt. Inc. (Top 8), and Juanito King and Sons Inc. (Top 9). Cebu Land Masters bagged the “best performing loans ratio” award.
Finally, 8990 Housing Development Corp. emerged as the top developer in Mindanao along with Johndorf Ventures Corp. (Top 2), VCDU Realty Corp. (Top 3), Davao Joyful Homes Realty Corp. or DJHRC (Top 5), Liberty Land Corp. (Top7) and PHINMA Property Holdings Corp. (Top 8).
The “best in performing accounts ratio” and “best in performing loans ratio” awards were given to DJHRC.
The Pag-IBIG Fund StAR is one of the ways of HDMF to promote transparency and accountability.
