Connect with us

Hi, what are you looking for?


Ovialand sees P1-B home loan takeouts with Pag-IBIG Fund

OVIALAND, Inc. is targeting P1 billion in home loan takeouts with state agency Pag-IBIG Fund in 2021 as demand for affordable shelter continues to grow, the housing developer said.

Ovialand President Marie Leonore Fatima O. Vital said in a statement on Wednesday that the company plans to complete 600 housing units this year across its four development projects in Laguna and Quezon provinces.

She added that 70% of the said house and lot units had already been sold, with the home-buyers awaiting the turnover.

“When 2020 began, we already had a commitment to our clients to deliver to them their homes. As first time homebuyers, their need for their own comfortable home became even more apparent during the pandemic. When real estate was allowed to restart, we had no time to waste,” Ms. Vital said.

For 2021, she said Ovialand is prepared to meet consumer needs as demand for house and lot units continue to go up, adding that many Filipinos are still looking for their first home despite the ongoing coronavirus disease 2019 (COVID-19) pandemic.

“Pandemic or not, our nation is at the cusp of a new generation. 75% 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,” Ms. Vital said.

She said the representatives of Pag-IBIG Fund had gone beyond their duty to assist developers during the COVID-19 pandemic.

“They were able to quickly shift to maximizing the use of technology in verifying loan applications and conducting unit inspections. We supported them 100% because we understood that these safeguards in loan processing cannot be sacrificed,” Ms. Vital said.

Ovialand’s existing projects are mostly located in Southern Luzon, such as in San Pablo, Laguna and Candelaria, Quezon. These are all horizontal house and lot projects priced between P2.2 million and P2.8 million. — Revin Mikhael D. Ochave

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



GAELLE MARCEL-UNSPLASH In November 2022, I had the privilege of being the discussant of a paper by Dr. Helena Agnes Valderrama, professor at the...


IN THE MIDDLE of winter, on a cold, grey day, it’s easy to find yourself yearning for some summer warmth. It’s also easy to...


By Michael Taylor IZUDDIN HELMI ADNAN-UNSPLASH KUALA LUMPUR — Malaysian Chuan Zhen Ko’s passion for clean energy and climate change was first ignited by...


THE PHILIPPINE chess team quietly left the country a week ago with nothing in mind but a miracle in the 1st FIDE Olympiad for...


IT was another day at the office for World No. 3 pole-vaulter EJ Obiena. The Filipino world championship bronze medalist brought his winning ways...


KAI Sotto and the Adelaide 36ers crashed out of playoff contention in the 2022-2023 Australia National Basketball League (NBL) with a costly 116-107 defeat...

You May Also Like


Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...


The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.