Pag-IBIG sees higher loan take-up for condominiums

STATE-OWNED Home Development Mutual Fund (Pag-IBIG) expects a higher loan take-up in the condominium segment in the short or medium term as Filipinos embrace an integrated lifestyle.

Pag-IBIG Chief Executive Officer Acmad Rizaldy Moti said take-up rate for condominium residential loans is still low.

Only five percent of the total Pag-IBIG member-base have availed themsel ves of condominium loan packages, citing the high cost of owning one compared to house-and-lot packages.

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