Boutique developer ISOC Land (I-Land) recently formed a partnership Home Development Mutual Fund (HDMF), also known as Pag-IBIG, to accelerate its goal of providing prospective Filipino buyers with sustainably-focused, affordable and flexible ownership options.
PAG-IBIG stands for Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno. As a government-owned and controlled corporation, PAG-IBIG serves as the national savings program and affordable housing finance provider for Filipino workers. It is tasked to provide its members with access to savings programs and housing loans.
“Pag-IBIG remains top of mind for Filipinos in terms of attaining their dream home at the most reasonable terms,” says I-Land president May Lopez. “We welcome this partnership as an important part of making this dream come true for more individuals and families, especially those desiring a unique, future-proof home in a modern condo development such as I-Land Residences Sucat.”
According to Pag-IBIG Senior Vice President of Sales and Business Development Sector Fermin Sta. Teresa Jr., I-Land’s accreditation is part of the HDMF’s ongoing efforts to support the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, by increasing the number of accredited developers capable of delivering affordable housing nationwide. “ISOC Land joins the growing roster of developers accredited by Pag-IBIG Fund following its Future Partner Developers Forum held earlier this year—an initiative designed to accelerate housing production and expand homeownership opportunities for its members,” he explained.
The partnership has bolstered I-Land’s reputation for distinctive, high-quality properties that are within reach, as evidenced by numerous accolades it has received for its maiden development I-Land Residences Sucat. These include Best Affordable Condo Development and Best Eco-Friendly Condo Development from the PropertyGuru Philippines Property Awards, and Best Affordable Condo Development from the DOT Property PH Awards as well as Lamudi’s The Outlook 2024: Philippine Real Estate Awards.
I-Land Residences Sucat is a pioneering vertical community rising south of Metro Manila that makes sustainability an everyday way of life for today’s generation of urbanites who prioritize holistic well-being. Its key feature is a nature-centric design across its six-tower master plan, with 60 percent of its two-hectare area devoted to open spaces, along with a variety of amenities for both active and relaxing pursuits.
Notwithstanding the oversupply prevailing particularly in the affordable condominium segment, Lopez remains optimistic. “The market these days may be characterized by a supply glut, but we see this as an opportunity for developers to truly rise to the challenge of providing quality construction, thoughtful design and value for money for Filipino home seekers,” explains Lopez.
“We are confident in developments such as ours at I-Land Residences Sucat that provide a compelling proposition not only for a new, sustainable way of urban living—a #HomeOfTheFuture—but even for investment or a great store of value,” she adds.
At present, I-Land Residences Sucat is a community on the verge of thriving—making true on the developer’s promise of a new, sustainable way of city living. The development’s first tower, Lime, currently has more than 100 families calling it home, as the completion of its second tower, Olive, is targeted by yearend. Ready-for-occupancy units are now also available at special payment schemes for buyers wanting to immediately get into the urban sustainability lifestyle at I-Land Residences Sucat.
Authored by Rizal Raoul Reyes, this article was published in BusinessMirror.
