Skip to content

Philippines Today

home of the Global Filipino

Menu
  • News Stories
  • Regional News
  • Business & Economy
  • Science & Technology
  • International
Menu

Gov’t workers swarm VP Noli’s housing fair

Posted on October 29, 2006

OVP/ PNS — MORE than 1,000 government employees trooped to Glorietta in Makati yesterday to participate in the country’s biggest housing fair organized by the Housing and Urban Development Coordinating Council (HUDCC).

Accompanied by Vice President and HUDCC concurrent chairman Noli ‘Kabayan’ De Castro, President Gloria Macapagal Arroyo led the opening ceremonies of the fair, which involves the sale of around 60,000 foreclosed housing units.

Before leaving for China, Arroyo congratulated De Castro for the event, which was organized to provide housing opportunities to government employees.

“This is supposed to be for government employees but we decided to open it to the general public especially for low salaried workers,” De Castro said.

He said the fair offers to sell houses that were repossessed by government agencies such as the Home Guaranty Corp., National Housing Authority, National Home Mortgage Finance Corp., Pag-IBIG Fund, Bangko Sentral ng Pilipinas (BSP), the Philippine Deposit Insurance Corp., the Land bank of the Philippines (LBP), the Government Service Insurance System (GSIS), and the Social Security System (SSS).

De Castro said up to 25 percent discount was offered by Land Bank to those who would buy its foreclosed houses in cash.

“That’s a very good offer. Other agencies like Pag-Ibig and the Central Bank are offering 15 percent discount. But Landbank is giving our people a better deal to own houses,” he said.

To provide assistance, various heads of the key shelter and other government agencies were also present during the launch.

Because of the overwhelming turnout, the event has been extended until tomorrow (October 29), which was originally a two-day affair.

However, even if the activities would conclude this weekend, De Castro said the offers of the various agencies are good up to April next year.

“I believe that interested buyers won’t buy right away. Of course they need to think and consult with their families. Besides, we have about 60,000 houses that are for sale. Hindi kaagad mauubos yan so it’s just okay if it lasts until next year,” De Castro
said.

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • More
  • Tumblr
  • Reddit

Related

News Categories

  • Announcement (34)
  • Business & Economy (1,567)
  • Comment and Opinion (74)
    • Random Thoughts (18)
  • Current Issues (425)
    • Charter Change (1)
    • Election (228)
    • Population (6)
  • International (389)
  • Life In Japan (66)
    • Everything Japan (41)
  • Literary (34)
  • Miscellaneous (610)
  • News Stories (5,312)
  • OFW Corner (297)
  • Others (75)
  • People (408)
  • Press Releases (163)
  • Regional News (3,362)
  • Science and Technology (502)
  • Sports & Entertainment (287)

Latest News

  • BSP keeps policy rates anew December 17, 2015
  • NEDA cuts PHL additional rice import for 2016 by 25% December 17, 2015
  • DA cites serious implications of banning genetically modified products December 17, 2015
  • BBL is not yet dead – Drilon December 17, 2015
  • Comelec recognizes Duterte’s CoC for president December 17, 2015
  • NEDA chief sees 2015 growth at 6% despite typhoons December 17, 2015
  • House of Representatives ratifies bicam report on P3.002-T national budget for 2016 December 17, 2015
  • Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town December 17, 2015
  • City gov’t eyes P75-M income from economic enterprise December 17, 2015
  • Baguio City LGU presents traffic plan for holiday season December 17, 2015

Archives

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Science and Technology

  • DOST-ICTO targets 500,000 web-based workers from countryside by 2016
  • (Feature) STARBOOKS: A ‘makeover’ for librarians
  • Science, research reduce ‘cocolisap’ hotspot areas in PHL
  • Montejo to further improve PAGASA and empower scientists
  • 1st PPP in biomedical research produces knee replacement system fit for Asians

Press Releases

  • Microsoft to buy Nokia’s mobile devices business for 5.44-B euros
  • New World Bank climate change report should spur SEA and world leaders into action: Greenpeace
  • Save the Philippine Seas before it’s too late — Greenpeace
  • Palanca Awards’ last call for entries
  • Philippines joins the global call for Arctic protection

Comment and Opinion

  • Remembering the dead is a celebration of life
  • Killer earthquake unlikely to hit Panay Island in near future – analyst
  • It’s not just more fun to invest in the Philippines, it is also profitable, says President Aquino
  • How does one differentiate a tamaraw from a carabao?
  • Fun is not just about the place, it is also about the people, says DOT chief

OFW Corner

  • Ebola infection risk low in Croatia
  • Death toll rises to 41, over 100 still missing in landslide in India
  • Asbestos use in construction a labor hazard
  • 500,000 OFWs to benefit POEA on-line transactions — Baldoz
  • 25 distressed OFWs return home from Riyadh
©2025 Philippines Today | Design: Newspaperly WordPress Theme