Pag-IBIG Fund and Megawide marked the first topping-off milestone under their partnership Oct. 1, further advancing President Ferdinand Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino Program (4PH) as two residential buildings at JAB Residences in Dasmariñas City, Cavite completed their main structural works toward the development of nearly 4,000 housing units for Filipino workers and their families.
The milestone comes as the country begins National Shelter Month this October, highlighting the continued progress of efforts to bring more affordable homes closer to Filipino workers.
Through the topping-off of the two residential buildings, JAB Residences has completed its main structural works, marking another important step toward the completion of the development. Finishing works and other construction activities will continue before the homes are turned over to qualified buyers.
The project consists of 17 five-story buildings, with each 27-square-meter unit priced at P1.5 million and available at low monthly payments through the Pag-IBIG housing loan.
Department of Human Settlements and Urban Development Secretary and Pag-IBIG Fund Board chairman Jose Ramon Aliling said the topping-off adds to the continuing momentum of Expanded 4PH as the administration works with more partners to increase housing supply while keeping homeownership affordable.
“We continue to heed the direction of President Marcos to make housing more accessible to more Filipino families. That is why we continue to address both sides of the housing equation,” Aliling said in a statement.
“As we work with more partners to increase the supply of quality homes at prices our members can afford, we also make sure that financing terms remain within the means of Filipino workers. The progress we are seeing is made possible by the collective efforts of the national government, local governments, Pag-IBIG Fund and our private-sector partners, each contributing what it does best. This milestone is another step forward as we work to bring more homes within reach of more Filipino families,” he added.
The milestone follows Marcos’ visit less than eight months ago to Megawide Construction Corp.’s precast plant in Taytay, Rizal, where he saw how modern construction methods could help accelerate the delivery of quality and affordable homes under Expanded 4PH. The progress at JAB Residences now gives visible form to that push, with construction continuing toward thousands of new homes.
Pag-IBIG Fund chief executive officer Marilene Acosta said the thousands of homes being developed through the partnership show how Pag-IBIG Fund can use its financial strength to help increase housing supply while safeguarding and growing members’ savings.
In 2025, Pag-IBIG Fund invested P10 billion in Megawide preferred shares to support the development of 7,143 housing units. The investment earns nine percent annually, allowing members’ savings to generate returns while helping support the construction of homes they need. ||
