Developers wooing home buyers with low prices, interest rates, flexible terms

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MANILA – Some of the biggest property developers in the Philippines said homebuyers should take advantage of low interest rates, prices and flexible terms currently being offered by developers amid th

e disruptions caused by the COVID-19 pandemic.

Likewise, the country's state-owned home mortgage Pag-IBIG Fund, has also reduced rates for its members to as low as 4 percent. Lagdameo said they also expect banks to continue to lend to credit-worthy developers and credit-worthy end-users. He said, these include cities like Iloilo and Ormoc which are both in the Visayas island group of the country.

 

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