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A NEW 4PH OPTION WOULD USE UNSOLD CONDOS, BUT THE GUIDELINES ARE NOT OUT YET
The government announced a new Expanded 4PH modality for unsold condominium units in Metro Manila priced at ₱3 million or below. The plan is meant to let qualified Pag-IBIG Fund members use low-interest housing loans for units that developers have not sold.
The announcement is not the same as an open application. The government still has to issue formal guidelines, identify eligible projects, and explain the buyer's income, loan, equity, fees, and occupancy requirements. A low interest rate also does not make a unit affordable if association dues, repairs, transport, and other monthly costs are too high.
WHAT TO WATCH
Watch for the final guidelines, the list of participating projects, the total monthly cost after fees, and safeguards against selling units that do not fit a family's budget or needs.