Affordable financing drives growth

“Housing demand is always determined by housing finance,” said Januario Jesus Gregorio Atencio, III, 8990 Holdings,Inc. president, in defending  developers’ need to have in-house financing for their projects. 

 Earlier, property consultant KMC-MAG expressed concern about the threat posed by developers’  focus on financing when their expertise is in construction. 

“When you build an econometric model for housing, on top of that is finance. The more accessible housing finance is, the more housing (projects) there will be,” said Atencio. 

“Finance is dictated by affordability. If housing finance is stopped, interest rates are high, entry requirements are high say at 20 percent down payment, then demand will be very small,” he added. 

Antton Nordberg, KMC MAG Group Inc.head of research, said apart from finance not being a core competency of developers, there is also no clear picture on the size of the in-house financing market which remains unregulated. 

“Overall, it’s been increasing quite fast,” he said, noting  the Central Bank’s policy to scale back bank’s lending activity may have also contributed to the rise of in-house financing. 

“Why this is a problem (is because) developers’ core expertise is not necessarily in the financing of products but rather in the development. So there might be some serious underestimate(ion) in the credit worthiness of the home buyer since (this is)  more of risk management than project development,” he added. 

Nordberg, however, was quick to point out that the risk is not an immediate threat. Still this could pose a problem should some external shocks arise. 

“It’s not really an issue right now but if there are some external shocks, it might cause some problem,” he said. 

Atencio said while developers should not be bankers, as KMC-MAG, they will undertake initiatives  to move housing forward. 

Atencio said state-housing fund Pag-IBIG had been successful in lowering the cost of housing for buyers through lower interest rate and lower premiums, making housing more affordable,” 

By ALBERT CASTRO/January 28, 2016/ http://www.malaya.com.ph/business-news/special-features/affordable-financing-drives-growth

Affordable housing finance remains a key in propelling the growth of the housing sector. 

Casa Del Rio , Talamban Cebu City

Highway 77, Talamban, Cebu City Here in Casa Del Rio, comfort and style is never compromised for those who have worked hard and earned to live a good life. Amenities • Elegant guard house • Selected landscaped areas • Concrete roads • Cemented sidewalks with street lights • Cemented curbs and gutters • Perimeter fence • Water distribution system supplied by MCWD • Electrical power supply • Provision for telephone lines • Provision for cable TV line Specs • Foyer with Spanish-style roofing • Arched window opening • Spanish-style canopy • Stone covered column base (Stone Age) • Kitchen counter with skin and built-in cabinets • Elegantly painted ceiling and room partitions • Ceramic floor tiles for toilet and bath • Stylish bathroom fixtures • Sizeable closets for all bedrooms • Deluxe ceramic floor tiles and stairs (for 2-storey houses) • Stained and polished wood floor finish (second floor) • Long-span pre-painted galvanized roof sheets • Solid, steel reinforced concrete exterior walls • Superior residential plumbing and electrical system Vicinity Map Site Development Map

Casa Del Rio Houses

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	Unit Name: Palacios Grande Price: PHP 3,650,000.00 Explore..
	Unit Name: Turriano Price: PHP 2,950,000.00 Explore..
	Unit Name: Amorsolo Classique Price: PHP 2,550,000.00 Explore..
	Unit Name: Hidalgo Royale Price: PHP 2,750,000.00 Explore..

Casa Del Rio Price List

House Model Lot No. Lot Area. Floor Area. Price. As of. Palacios Grande --- 120 sq. meter 84 sq. meter PHP 3,650,000.00 2009-01-22 Turriano --- 120 sq. meter 55 sq. meter PHP 2,950,000.00 2008-12-01 Amorsolo Classique --- 60 sq. meter 76 sq. meter PHP 2,550,000.00 2008-12-01 Hidalgo Royale --- 120 sq. meter 44 sq. meter PHP 2,750,000.00 2008-12-01 PAYMENT TERMS: • Reservation fee of Php 50,000.00 is non-refundable & non-transferable • Full payment of Total Contract Price within 30 days merits a 5% discount • A 2.5% discount on 30% Downpayment can be availed if paid within thirty (30) days • The 30% downpayment can be paid through Easy Equity Payment Plan. (For Pag-ibig & Bank Financing) • The 70% balance can be paid through bank, HDMF/Pag-ibig, provident and in-house financing • All checks should be made payable to Commonwealth Estate Inc. • Prices are subject to change without prior notice. • The above prices are inclusive of taxes and miscellaneous fees. • CEI reserves the right to correct typographical errors. REQUIREMENTS: Residence Certificate or Passport (including spouse) TIN Number Photocop of 1 valid Identification Card Post Dated Checks for Monthly Amortization Fire Insurance (for In-house Financing only) Credit Investigation Fee (for 3-5 years In-house Financing only) Sales Redemption Insurance (for 5 years In-house Financing only) The information contained in this website is for reference only. While every reasonable care has been taken in the preparation of this site, the owner or its representative and agents shall not be held responsible for any inaccuracies. Nothing contained herein shall constitute or be construed as an offer, representation or warranty whether expressly or implicitly on the pact of the owner or its representatives or agents. Interested person are advised to make their own inquiries and satisfy themselves in all respects.

FOR MORE INFO CALL

Realtor SAMUEL LAO, REBL#1341
PAREB-Cebu Realtor's Board Inc. (2nd VP Elect,2009)
RealtyOPTIONS Marketing & Consultancy Inc.- President/CEO
Tel Nos: (+63 32) 5166194 / 2550374
Mobile: (+63 918) 9236123 / 0922.8236123
www.laosamuel.com
www.laosamuelmls.blogspot.com

Woodberry Drive, Banawa, Cebu City

Woodberry Drive Houses is a new House and lot package in a pocket size subdivision project develop by Primary Homes formerly Commonwealth Estate Inc.

Strategically located at Banawa, Cebu City. Just a minute drive away to major destination in Cebu City.

Amenities

• Elegant entrace with guard house
• Selected landscaped areas
• Cemented roads, curbs and gutters
• Cemented sidewalks with street lights
• Perimeter fence
• Water distribution system supplied by Metro Water Cebu District
• Electrical power supply
• Provision for telephone lines*
• Provision for Cable TV line*

*Depending on the utility company's expansion program

Specs

• Porch with tiled flooring
• Trellis-type canopy
• Stone-decorated facade
• Imported metal door for the main entrance with security features
• Powder-coated aluminum framed glass windows with insect screens
• Italian granite kitchen counter top with sink and built-in cabinets
• Elegantly painted ceiling and room partitions
• Ceramic tiled flooring for toilet and baths
• Stylish bathroom fixtures
• Shower enclosure for Master's bathroom
• Spacious walk-in closet for Master's Suite with smart modulat closets
• Sizable closets for all bedrooms
• Deluxe ceramic floor tiles for living, dining and kitchen areas
• Elegant staircase and stairs
• Wood-grain laminated flooring (second floor)
• Long-span pre-painted galvanized roof sheets
• Solid, steel reinforced concrete exterior walls
• Superior residential plumbing and electrica system

To Learn more click explore link below,

Woodberry Drive Houses Unit Name: Linden Price: PHP 7,856,325.00 Explore.. Woodberry Drive Price List House Model Lot No. Lot Area. Floor Area. Price. As of. Linden --- 215 sq. meter 190 sq. meter PHP 7,856,325.00 2009-04-06 Mahogany --- 150 sq. meter 120 sq. meter PHP 5,124,000.00 2009-04-07 PAYMENT TERMS: Reservation fee of P50,000.00 is non-refundable and non-transferable. Full payment of Total Contract Price within 30 days merits a 5% discount. A 2.5% discount on 30% Downpayment can be availed if paid within 30 days. The 30% Downpayment can be paid through Easy Equity Payment Plan. The 70% Balance can be paid through bank, HDMF/Pag-IBIG, provident and in-house financing. All checks should be made payable to Commonwealth Estate Inc. Prices are subject to change without prior notice. The above prices are inclusive of taxes and miscellaneous fees. CEI reserves the right to correct typographical errors. REQUIREMENTS: 1. Residence Certificate / Passport (including Spouse) 2. TIN No. 3. Photocopy of 1 valid Identification Card. 4. Post Dated Checks for Monthly Amortization 5. Fire Insurance (For In-house Financing only) 6. Credit Investigation Fee (For 3 - 5 Years In-House Financing only) 7. Sales Redemption Insurance (For 5 Years In-House Financing only) The information contained in this website is for reference only. While every reasonable care has been taken in the preparation of this site, the owner or its representative and agents shall not be held responsible for any inaccuracies. Nothing contained herein shall constitute or be construed as an offer, representation or warranty whether expressly or implicitly on the pact of the owner or its representatives or agents. Interested person are advised to make their own inquiries and satisfy themselves in all respects. FOR MORE INFO CALL: Realtor SAMUEL LAO, REBL#1341 PAREB-Cebu Realtor's Board Inc. (2nd VP Elect,2009) RealtyOPTIONS Marketing & Consultancy Inc.- President/CEO Tel Nos: (+63 32) 5166194 / 2550374 Mobile: (+63 918) 9236123 / 0922.8236123 www.laosamuel.com www.laosamuelmls.blogspot.com Unit Name: Mahogany Price: PHP 5,124,000.00 Explore..