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Philippine Housing Fair 2009

Update: The 4th Philippine Housing Fair that is supposed to be held on October 27 to 29, 2009 at the Megamall Megatrade Hall has been postponed to December 27-29, 2009. My wife has confirmed this with the Megatrade Hall office. Please be guided accordingly.


My very first post in Foreclosure Philippines (formerly Foreclosed Real Estate Philippines) was about the 3rd Philippine Housing Fair (2008).  I can’t believe almost a year has passed since then! Now, the 4th Philippine Housing Fair (2009) is almost here, and Foreclosure Philippines is nearing its first anniversary.

Around this time of the year, people normally spend most of their money on Christmas gifts. This time, why not invest it on a place you can call your own? The Philippine Housing Fair 2009 can be looked at as a tiangge or bazaar featuring acquired assets for sale.

I haven’t found any official announcement yet about the 4th Philippine Housing Fair but based on the SM Megatrade Hall website, it shall be held on October 27-29, 2009 at Halls 1 and 2 of the SM Megatrade Hall:

*Update as of October 23, 2009 – The Philippine Housing Fair 2009 has been moved to OctoberDecember 27-29, 2009 at Halls 1 and 2 of the SM Megatrade Hall.

Philippine Housing Fair 2009 ScheduleSource:

The Philippine Housing Fair 2008 was also held at the SM Megatrade Hall and I was fortunate enough to have been able to attend it. I’m sure a lot of  home buyers and investors have benefited from it. This year, hopefully more people will be able to attend.

When I attended the Philippine Real Estate Festival 2009 last July, I received a copy of the Housing Fair Fact Sheet at the booth of  the National Home Mortgage Finance Corporation (NHMFC).  At that time, they couldn’t tell me the exact dates for the event. I called them up recently and the person I spoke to told me that the tentative schedule for the 2009 Housing Fair is on OctobereDecember 27 – 29, 2009 at SM Megamall because the venue has already been booked for the event. He also said that this is most probably the final schedule as he believes they probably can’t change the schedule anymore.

Anyway, let me share below the contents of the Housing Fair Fact Sheet which I got from NHMFC’s booth at the 3rd Philippine Real Estate Festival.

Housing Fair Fact Sheet

Bakit ka Mangungupahan pa? Kaya mo namang magkabahay na! (Why rent? You can buy a home now!)


The Housing Fair aims to:

  • Assist and provide non-wage benefits to the government and private sector employees, including Overseas Filipino Workers to acquire housing units at affordable cost.
  • Fast track the disposition of acquired assets of key shelter agencies and government financial institutions

Participating Agencies:

The Housing and Urban Development Coordinating Council (HUDCC) spearheaded the conduct of the Housing Fair in coordination with the key shelter agencies and government financial institutions.

The selling key shelter agencies and government financial institutions that will dispose their acquired assets are the following:

  • Home Guaranty Corporation (HGC)

Contact Person: Ms. Ma. Caridad L. Calingo
Tel. No. 896-0425

  • National Home Mortgage Finance Corporation (NHMFC)

Contact Person: Ms. Mercedita Lorenzana
Tel. No. 892-5191

  • Home Development Mutual Fund (Pag-Ibig Fund)

Contact Person: Mr. Oscar Empensando
Tel. No. 811-4141

  • Bangko Sentral ng Pilipinas (BSP)

Contact Person: Ms. Geraldine Alag
Tel. No. 524-8587

  • Government Service Insurance System (GSIS)

Contact Person: Ms. Normita Pascua
Tel. No. 551-4830/891-6161 loc. 4695

  • Social Security System (SSS)

Contact Person: Ms. Luz Generoso
Tel. No. 922-1061

Housing Clinics will also be provided by the following shelter agencies:

  • Housing and Land Use Regulatory Board (HLURB)

Contact Person: Ms. Mila Mendoza
Tel. No. 927-2723

  • National Housing Authority (NHA)

Contact Person: Engr. Jovita Panopio
Tel. No. 922-3318

  • Social Housing Finance Corporation (SHFC)

Contact Person: Ms. Elvira Inton
Tel. No. 812-6978; 750-6337 to 50 loc. 821

Qualified Borrowers/Buyers

All government and private sector employees including the Overseas Filipino Workers are qualified to avail acquired assets in any of the participating selling agencies.

Income Requirement

Applying the provision in the General Appropriations Act (GAA), the net take-home pay of a government employee should not be lower than P3,000.00. Deduction for the program will be prioritized next to the statutory deduction.

To improve the borrowing capacity, the GSIS, SSS, and Pag-Ibig Fund will allow additional proof of income, e.g., income from sari-sari store, etc. These agencies also allow tacking in of co-borrowers. Pag-Ibig Fund allows co-borrowers up to 3rd degree of consanguinity or affinity, provided that they are Pag-Ibig members.

The inventories of the acquired assets can be found at the respective booths and the websites of the participating selling agencies.

Status/ Conditions of the Acquired Assets

  • The properties shall be sold on an “as is, where is” basis.
  • The buyer acknowledges that he has been given the opportunity to investigate, inspect, and verify the assets offered to ascertain the actual conditions as well as the status of the titles.
  • For occupied units, the buyer shall be responsible for the ejectment of squatters and/or occupants on the property subject of sale.

Steps on How to Apply for an Acquired Asset

  • Scan for properties from the list provided by selling agencies;
  • Once you have selected the property, go to the concerned selling agency to inquire about the property;
  • Fill up the reservation form provided by the agency. (For Pag-Ibig Fund, attend first the Pag-Ibig speak-up portion and get the Certificate of Attendance afterwards);
  • Conduct inspection of the property before paying the reservation fee or downpayment; and
  • Pay the reservation fee/downpayment and submit the necessary documents at the office of the selling agency.

Documentary Requirements

The prospective buyer shall submit the following documentary requirements to the selling agency that owns the property:

  • Community Tax Certificate or cedula
  • Proof of income (latest income tax return, certificate of employment and compensation, latest payslip)
  • Marriage Certificate (if married)

Additional Requirements

HGC, Pag-Ibig Fund, and BSP

  • 2”x2” I.D. picture


  • Tax identification number (TIN)
  • Copy of any government-issued I.D. (e.g., SSS, Voter’s I.D.)


  • Two (2) valid identification cards


The following are the terms and conditions for the disposition of the acquired assets



Agency Interest Rate Amount of Loan Repayment Period Discounts Down Payment
HGC* 6% Up to P300,000 25 Years 15% discount for cash buyers 

10% discount for successful ejectment

10% down payment
9% Above P300,000 to P2M
12% Above P2M
NHMFC 6%, 7%, & 8% Depending on the repayment period Any amount 15 years – 6% 

20 years – 7%

25 years – 8% or up to 65 years old

None 10% down payment but not lower than P10,000
PAG-IBIG FUND 6% Any amount up to P2M 30 Years 20% for cash buyers 

15% upfront discount for housing loans, plus 5% additional discount for litigation if occupied

5% down payment 

P1,000 Reservation fee

BANGKO SENTRAL 6% Up to P400,000 25 Years Case to case basis At least 10% down payment
10% Over P400,000 15 Years
GSIS* 6% Any Amount 30 years or up to 70 years old 10% discount  for cash payment 10% proposal deposit
SSS 6% 


Up to P500,000 

Above P500,000

10 years or up to 70 years old 10% discount for cash buyers 

10% discount for successful ejectment

5% down payment

Note: The down payment/reservation fee/proposal deposit shall be deducted from the purchase price upon consummation/perfection of sale

*Subject to changes



Modes of Payment

HGC, Pag-Ibig Fund, and GSIS

  • Salary deduction
  • Cash through over-the-counter payment
  • Post-dated checks (GSIS)


  • Cash through over-the-counter payment


  • Post-dated checks


  • Cash through over-the-counter payment
  • Post-dated checks

For more information or inquiry:
Please text HUDCC Hotline Number at 0917-815-5369
Or call telephone numbers 812-6495/811-4112
Or visit our website:

You may also download a PDF copy of the Housing Fair Fact Sheet here.

In addition, I would like to post here direct links to the listing of acquired assets/foreclosed properties of each individual key shelter agencies and government financial institutions:

  • Home Guaranty Corporation (HGC)

  • National Home Mortgage Finance Corporation (NHMFC)

  • Home Development Mutual Fund (Pag-Ibig Fund)

  • Bangko Sentral ng Pilipinas (BSP)

  • Government Service Insurance System (GSIS)

  • Social Security System (SSS)

I’ll be posting more information about the upcoming Philippine Housing Fair 2009 as they become available. If you know someone who is still renting, please share this to them and help them buy their own home, they will surely be thankful to you for doing so!

Happy home buying!


To our financial freedom!

Jay Castillo
Real Estate Investor
Real Estate Broker License #: 20056
Social Network:
Mobile: +639178843882

Text by Jay Castillo. Copyright © 2009 All rights reserved.

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Leave a Comment

53 thoughts on “Philippine Housing Fair 2009”

  1. Hi Mr. Jay,

    I also want to buy H&L, please advise…muntinlupa city not more than 1M and san mateo rizal area not more than 700K…Thanks

  2. hi sir jay,

    need po advice about sa property na nagustuhan ko, newbie lang po sa pagbili ng forclosed, ganito po nasa national home mortrage finance corp yung property. Sabi po sa amin ng NHMFC na magbabayad kami ng litegation expences na 39k para ma forclosed yung property and after 6 months 250k price nang house and lot. and magkakaroon pa po daw nang redemtion period na 1 year yung dating me ari. sabi po saming ng NHMFC pag nagavail yung dating me ari within 1 year period sa kanya parin yung property nya tapos lahat ng payment namin mababalik.
    tanong lang po.
    1.pati po ba litegation expences maibabalik samin pag nag redeem yung dating me ari ng property nakatira po sa property binili nila rights sa 1st owner, pero di narin sila nakabayad, nakausap na namin at willing naman sila umalis. magkakaproblema kaya kami dito pagkakataon po ba na tumaas pa yung price kung ibibid sa korte, o i appraised

  3. hi…first time to drop by…ganda ng mga post mo at very informative sa lahat ng gustong mag invest and resale the properties they acquired through foreclosure in the future…at ung gusto magkabahay with the least cost…ang nkakatakot lang ung mga lis pendes at mga obligations pa ng dating owner na baka matransfer pa sa new owner kung sakaling bilhin nya at hindi iexplain ng agency na inaaplyan nya…hidden charges ba.kc meron iba na hindi tlaga alm ung mga un.ano ba ang dapat tanungin una sa agency para sa property na balak bilhin para maiwasan ang ganun sitwasyon…kc last week na pumunta ako sa home mortgage para magbid sana, nagrereklamo ung ale dahil ang dami nya daw binayaran na arears at taxes..tapos meron kc akong 2 frend ofw na ngpapahanap nga ng bahay na mura, naicp ko nga foreclosed prop..syempere dahil ako mag aayos with spa nila dapt kumita din dba…sana matulungan mo ko para sa 2 kaibigan ko

  4. Hi Mr. Jay,

    i’m april from general santos city, i just want to ask about the process of evicting the occupants of a foreclosed unit. i have purchased a unit from the NHMFC last year. have paid them 10% downpayment and yung sa ROD. nag lapse na po yung 1 year redemption period. gusto po naming ipa sheriff and they told us that we should prepare about 30k for the whole process, tama ho ba un? last year before i applied to purchase the unit NHMFC told me na hindi aabot ng 10k and pagpapasheriff, bat ganun? 10% dp + 30K sheriff + renovation expenses = dapat pala kumuha nalang ako ng bagong subdivision unit…
    need you advice…thank you

  5. Dear Mr. Jay,

    Dito po ako ngayon sa Brunei working as a General labourer…Gusto ko po sanang magkabahay..gusto ko po sanang iloan..nag huhulog po ako sa PagIbig my SSS din po ako n hinuhulugan…pls help me to start on this matter…thanks,

    Juliet Gecana

  6. hello mr. castillo…i am interested to buy an SSS foreclosed property but i am not an SSS member,i cant go their website since i am not a member,i would like to know where i will go for the foreclosed property that is located in las pinas.
    thanks in’re immediate response is highly appreciated.

  7. hello!please help me im planning to buy a foreclosed property @ marikina thru RCBC.can u explain me a “as-is where is” policy .thanks a lot for helping me

    • Hi Melody, “As-is, Where-is” means you as the buyer agrees to purchase the property at its present physical condition including but not limited to any problems or legal issues the property maybe involved in. Best practice is for the buyer to thoroughly inspect the property and check for any lis pendens, annotations, etc., on the TCT plus trace-back plus any arrears on taxes, dues, etc. that maybe for the account of the buyer.

      • Just saw this post. Thank you for all the information. We attended the Fair last 2009 and we found a lot in Antipolo under pag-ibig. We were advice to visit the site but when we got there, no one knows where the property is. Hanapin lang daw namin. Does this really happen na they can not give details on the property they are selling? Til now we haven’t got feedback from them.

  8. Sir,Kindly send at my e-mail add the list of housing loan and house or lot for sale that were foreclosed by any banks of Baguio City. Sana pati Pag-IBIG (Baguio Branch) kasi member din ako. Thanks and GOD Bless.

  9. sir if u can help me for this i am so very greatful. ask o sana kung may alam kayong pabahay para sa mga ofw where in hulugan as cash for 5thousand to 10 thousand mothly para kahit papano di kami nahihirapan medyo mababa kasi sahod so. dream ko kasi mag kabahay pero lahat ng na inquire ko puro 30k monthly or 20k monthly bale prefered ko po sa baguio or any part in luzon sana po matulungan niyo ako dito kasi po di rin ako membro ng sss or pag ibig. thanks alot.

  10. hello po c lorra po ito isang ofw sa Dammam k.s.a natutuwa po ako s inyong page. plano ko pong bumili ng foreclosed properties for investment. ng sa ganon bgo mn lng ako mgretiro dito is mgkaron ako ng pwedeng pgakakitaan someday. mhirap po s isang ofw ang mgretiro ng wlang fix income sa pinas… pwede nyo po b akong bigyan ng mga listing ng foreclosed properties nyo?inside metro manila… khit po mga 4 doors apartments.pauwi po ako ng july 2010 s ganon po ay mpghanadaan ko na.thank you po aasahan ko po ang inyong reply. more power po s inyo..

  11. Pingback: Get ready as the 4th Philippine Housing Fair pushes through on December 27-29, 2009!
  12. Pingback: The Ultimate List Of Philippine Bank Websites With Online Listings Of Foreclosures For Sale
  13. Hi Mr. Jay,

    I was browsin the net and stumbled on your website. I am looking forward for the housing fair this december. Actually my concern is with the NHA project, last july a portion of Tatalon was demolished and we acquired a small lot 48sqm. Problem is NHA is sooo slow to distribute the papers, what they did was gave us the Conditional Contract to Sell to be filled up and returned to them. I have a property here in Rizal, but I would like to construct a small house in tatalon, budget would be 400k. Now my problem is, I was browsin Pag-ibig and already inquired in private banks for lot and housing construction loan, but all of them requires transfer certificate of title. I’m loss and confused on how can I get them since once NHA returns the papers, an certificate would be given for the start of monthly amortization. Do you think the housing fair would be a good venue to share my problem? Do you have any advice on this kind of situation?


  14. Hi Jay

    Just a suggestion. I believe many of your social networks including me wanted to meet you personally. Why dont you try to post a date and place where we could all meet and have a simple fellowship together. Dont worry dre patak patak tayo.


    • Hi Jun, great idea! In fact Earth and I just recently had a meetup to play cashflow 101. maybe we can have something like that soon! It can be like a mini EB for foreclosure philippines readers! Ayos ito, I’ll make a post about this once finalized!

  15. hello’ po..ask ko lang po na kng pwede ma email po nyo sa akin and lhat ng details po sa housing fair.isa po akong ofw dto sa hongkong na uuwi sa nov.25 till’ngbabalak po akong bumili or tumingin sa mga house fair nyo..kasi balita ko po ay ibinebenta nyo sa murang halaga..and wish ko lng na ma i send by email nyo sa akin ang lahat ng housing fair details fr this 2009 un pong lates event po.salamat and hod bless to all

    • Hi Myrna, pwede ko email sayo mga listings pero check ko muna kung updated sila. Tsaka kung Nov 25 to Dec 8 ka dito, sayang sayang naman at hindi mo maabutan yung housing fair. Anyway, e-mail ko na lang yung listings na inlcuded sa housing fair, kunin ko sa websites ng housing fair participants. Kamusta na lang sa mga kababayan natin diyan sa HongKong!

  16. Hi Jay,

    Public Servant ka ba? Very helpful ang website na to..first time visitor ako pero ang dami ko nang natutunan.

    1. Im also planning to invest on preowned properties but my doubt is there might be “hidden” expenses. Aside from the cost of the property and taxes (DST,ZV, Local Taxes, insurance) meron pa bang ibang mga gastusin?

    2. Kung may financial obligation ang dating owner, (e.g. sa electricity or cable tv), would the buyer be liable on that?

    3. yung taxes na babayaran ng foreclosed property are (more or less) the same taxes na babayaran ng new house and lot packages?

    thank you.

    • Hi Nhorvel, natuwa naman ako sa comment mo! Hindi naman siguro public servant, I just want to share what I have also learned from others who unselfishly shared their knowledge to me. I’ll try to answer your questions below:

      1. Other expenses that come to mind include maintenance and repair costs, arrears for utilities and homeowner or monthly association dues.
      2. Usually the bank shoulders these but if these have not yet been settled at the time you intend to buy the property, the bank may enforce the usual “as-is where-is” policy and you as the buyer will have to settle this as part of the purchase.
      3. Yes, taxes for new and foreclosed properties should be the same.

      • Hi Jay,

        Regarding topic no. 2..

        Is it the bank’s obligation to inform the buyer if these properties have “cases”/”issues”??

        Is this like beware of any notices that says “as-is where-is” policy?


        • Hi Nhorvel,

          I believe it is their duty to disclose these but I also believe that the buyer should ask these questions up front as part of due diligence.

          Yes, when one sees the “as-is where is” policy, buyers should be aware that if they buy a property, the buyer also agrees to purchase the property at its present physical condition including but not limited to any problems or legal issues the property maybe involved in. Again, the best practice is for the buyer to thoroughly inspect the property, and check for any lis pendens, annotations, etc., on the TCT plus trace-back plus any arrears on taxes, dues, etc. that maybe for the account of the buyer.

  17. hi sir jay,,
    what time po ba ang auction sa megamall.

    wala naman po akong kaalam alam sa bidding,,magdadala na po ba ng money sa mga ganyan?

    gusto ko po kasing pumunta dun,,tnx

    • Hi Neh,

      Usually walang auction sa housing fair, nagbibigay lang sila ng available listing of foreclosed properties/acquired assets available for sale kaya no need na magdala ng show money. Minsan meron din na mga seminars pero up to now wala pa silang announcement para sa daily activities.

      Advice ko lang is agahan mo ang pagpunta para meron ka pang makuhang listing. Normally sabay sila mag-open sa mall so around 10am open na booths nila.

  18. Hi Mr. Jay! Your site helps a lot. I just want to ask how much would it costs to transfer the title under my name… for example the property is under HGC’s name or under a bank’s name or any government agencies name. Also, if the property is occupied by an illegal occupant & a notice to vacate was already issued but still they don’t want to leave the property, what is the best thing to do? To consult an attorney? etc? Please also give me some ideas/ factors to consider first before buying a foreclosed property. Thank you! Hope to hear from you soon.

    • Hi Dessie,

      It would depend on the lending institution but the common taxes and fees for the account of the buyer would include Documentary Stamp Tax (DST) which is 1.5% of the selling price(SP) or zonal value(ZV) whichever is higher, Transfer Tax which ranges from 0.25% to 0.75% of SP or ZV whichever is higher, and registration fee which would depend on the SP and other applicable taxes and fees depending on the location of the property.

      With regard to properties occupied properties, my rule of thumb is I walk away from them. There are simply so many properties out there that are unoccupied. Besides, the occupants might be holding on because they really might have a good reason to do so.

      Lastly you should also consider if it really is a good investment that can generate enough cashflow. In my case, I prefer properties that are self liquidating at the very least.

  19. Hi Mr. Jay ask ko lang po pag foreclose po ba ang property twice din bang babayaran ang transfer fee and registration fee sa Registry of Deeds? kasi yung tawag po nila double entry. paki explain po kc di ko maintindihan. thanks po.

    • Hi Julz,

      Usually, when a bank forecloses a property, they consolidate the title and transfers it under their name and they already take care of the taxes,transfer fees, etc. When a buyer decides to buy the acquired asset from the bank, the buyer will then have to shoulder the transfer fees when the title is transferred from the bank to the buyer.

      I suppose the double entry you mentioned would happen if a property’s title has not yet been consolidated by the bank and then there is already a buyer. The bank may still require that the property be transferred to the bank and then to the buyer, hence the double entry or transfer. Please let me know if you need further clarifications. Thanks for dropping by!

  20. thanks sir jay. sir, i’m really interested to invest in foreclosed properties. i have visited your site now for while and have read several books about real estate investing. as of now, i’m trying to get contact details from banks (asset recovery sections) and i’m trying to get lists of their foreclosed properties here in Cebu. i have read that i need p100,000 to start my first deal (is that true?). i have not yet reached that amount, but i’m looking forward to investing in real estate, hopefully soon.

    any suggestions or comments? thank you so much for your help. keep up the good work. God bless…

    • Hi JD, you’re welcome and there’s really no need for the “sir” hehe. The 100K is just a rough estimate depending on the price and condition of the property you are going to buy. For example, if you intend to buy a property worth Php400K and the minimum DP is 10%, then your first 40K would be for the DP. i suppose the maximum acceptable cost for repairs in this case would be around 20K, then the remaining 40K would be for taxes and transfer costs. Of course you will also consider holding costs like the monthly amortization, association dues, etc. if the property takes time to get sold/rented out.

      Yes, sustain your desire to invest in real estate… it’s easier than most people think as long as one is willing to learn and take massive action.

  21. sir jay,

    do you have events like this in cebu city? where can i find foreclosed property listings in cebu city? if possible, can you provide me with contacts who can help me in cebu?

    keep up the good work. God bless you.

    • Hi jdlasmarias, I’m not really sure if there will be a similar housing fair to be held simultaneously in the Cebu area. If I do find any announcement, I will also post it here. By the way, the Buena Mano Green Tag listings for the Visayas area should have properties in Cebu. I have yet to scan it but it is already next in line, please watch for it. Thanks again for visiting!

    • hi jay… i’ve just read this in the SUNSTAR NEWSPAPER dated Today Oct 22, 2009… this is the solutions of our problems… the SCHEC would be from October 23 to 30 @ SM ATRIUM SM City, Cebu… kbaw ka, i feel d emptiness jud karon lang, nkahuna huna nko gud ug something bad, im so thankful to god he’s helping me to get over when i’ve read this ad sa sunstar.. hope yo could attend this… kay ako sad..

      • Sheryll, ayaw kabalaka. Di ta pasagdan ni Lord. Di ko maka-attend kay diri ko sa Manila. Sa Megamall ra ko mag-attend sa December (kay na-uswag ang schedule). Mag-post ko unya sa mga schedule sa housing fairs. By the way, tinulungan lang ako ng misis ko na makareply in Cebuano dialect. 🙂


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