Business

Proptech Consortium Partners with SHDA, Pag-IBIG for Pag-IBIG Fund takeout digitalization

In response to the nation’s housing backlog, Pag-IBIG is set to launch Phase 1 of the digitalization of Pag-IBIG Fund’s take-out process on December 7, 2023. This landmark initiative, spearheaded by the Proptech Consortium of the Philippines, marks a significant stride in the real estate industry, with SHDA being tapped as a partner in the collaborative effort.

SHDA Chairman, Ms. Arlene Keh stated, “Our involvement in the digitalization of Pag-IBIG Fund’s take-out process is a testament to our commitment to innovation and progress in the real estate sector. We would also like to give our thanks to the Proptech Consortium of the Philippines, by pioneering this initiative alongside esteemed industry partners, we are shaping the future of housing in the Philippines, ushering in a new era of efficiency and accessibility for all.“

“We extend our sincere appreciation to SHDA and Chairman Arlene Keh for their unwavering commitment to advancing the digitalization agenda in the real estate industry. Their leadership has been crucial in making this historic launch a reality,” said a spokesperson for the Proptech Consortium.

The collaboration between SHDA and other industry leaders, including the Pag-IBIG Fund has paved the way for a transformative shift in the housing sector. The Proptech Consortium acknowledges the vital contributions of NREA Chair Imelda Magtoto, SHDA President Bido Dayao, OSHDAP Gerwin A. Panghulan, PropTech Founding Director Jopin Romero, and PropTech Managing Director Aj Rocero, all of whom have played key roles in the initiative.

The initiatives for the digitalization began in December 2021, marked by 20 Technical Working Group (TWG) meetings that provided a platform for discussions with Department of Information and Communications Technology Undersecretary, David Almirol along with collabborations with MagPie.

The group is aiming to deliver Phase 1 take-outs within seven days, with a vision to extend this expedited process to both Window 1 and Window 2 take-outs in collaboration with the HDMF and other relevant agencies.

This will be the first Housing Fund to digitalize its take out for affordable housing in Asia and aligns with the vision to set new industry standards and revolutionize the real estate landscape in the Philippines.

Mommy Iris

I'm a lifestyle and mommy blogger from the Philippines. Pinay Ads was created to share bits and pieces of my life and my family. I have a wide array of interests that include entertainment, movies, music, gadgets, traveling, food, baking, and more. So, I hope you’ll stick around and enjoy reading!

Recent Posts

Elevating Holistic Wellness through Optimal Liver Health

Did you know your liver is a multitasking champion? This largest organ in your body…

3 days ago

Unleashing Creativity and Curiosity: Sammy’s Adventure at CodeCraft Learning Center

Discovering a Passion for Robotics As a mom, I’ve always been on the lookout for…

3 days ago

Empowering Communities for Sustainable Land Management

While global awareness of forests' significance has grown, Southeast Asia grapples with ongoing forest loss.…

4 days ago

Championing Talents in Tech: Sun Life Global Solutions unveils more comprehensive diversity programs for 2024

Sun Life Global Solutions (SLGS) Philippines, the Global Capability Center (GCC) of the global insurance…

4 days ago

Summer Steals & Hot Wheels Await! Shop SM City Marikina’s 3-Day Sale & Win a Car!

Don't miss out on the summer's hottest deals! Mark your calendars and get ready to…

4 days ago

Mylo Speech Buddy App Launched on World Autism Awareness Day to Accelerate Speech Development of Children with Autism

In conjunction with World Autism Awareness Day, Mylo Speech Buddy officially launched a pioneering Speech…

5 days ago