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SHDA-Pag-IBIG Tech Leap: Consortium’s Digital Revolution in Real Estate!

Unlock the potential of digital real estate transactions! SHDA and Pag-IBIG Fund’s collaboration with the Proptech Consortium promises cutting-edge digital solutions, reshaping the industry landscape.

PRESS RELEASE

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

Phase 1 of the take-out launch is set for December 7, 2023, in collaboration with other key industry players to address the Philippines’ housing backlog.

PHILIPPINES – 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. SHDA is tapped as a partner in the collaborative effort.

SHDA Chairman, Ms. Arlene Keh stated, โ€œOur 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.โ€œ

“We sincerely thank 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, 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 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 and collaboration with MagPie. 

The group aims 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 on affordable housing in Asia and align with the vision to set new industry standards and revolutionize the real estate landscape in the Philippines.

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About the Subdivision and Housing Developers Association, Inc. (SHDA) 

The Subdivision and Housing Developers Association (SHDA), Inc. is the largest and leading industry association for housing and urban development in the Philippines. We have 350 members nationwide, eight regional chapters, unmatched connections amongst the countryโ€™s top players, and a dynamic national network of small and medium developers.ย 

We have partnered with the nationโ€™s housing policymakers, key shelter agencies, and stakeholders for over 50 years, developing and strengthening the industry’s capabilities. And with 80% of homes produced annually in the country built by our member developers, we have unparalleled reach amongst Philippine homebuyers.

For more information, visit www.ย https://shda.ph/.

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#DigitalizeFinance #InnovativeAlliance #DigitalTransformation #TechInnovation #HousingTech #DigitalRevolution #StreamlinedTransactions #TechEmpowerment #DigitalPioneers #DigitalLeaders

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Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

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