Citihomes Builder and Development, Inc. has been recognized as one of Pag-IBIG Fund’s Top Ten Developers and for achieving the Highest Performing Accounts Ratio in the National Capital Region (NCR) for two consecutive years, covering the second half of 2023 and the first semester of 2024.
The company’s chief executive officer Rosie Tsai, and executive vice president, John Phillip Wang, were present to receive these commendations at the Pag-IBIG StAR (Stakeholders’ Accomplishment Report) Awards ceremony held recently at the Marquis Events Place in Bonifacio Global City.
CBDI also received the Best in (Title) Conversion award. Among all developers in NCR, CBDI has the highest percentage (99.10 percent) of qualified and actual accounts converted from Contract To Sell (CTS) to Real Estate Mortgage (REM) type of loan documentation for the first semester of 2024. The Highest Performing Accounts Ratio award on the other hand, is bestowed to the developer in the NCR Region with the highest number of accounts (98%) taken out or loans approved that are actively paying, a testament not only to the quality of buyers of CBDI developments but also to the developer’s fair pricing and in-depth understanding of its market segment.
The Pag-IBIG StAR Awards aim to recognize the commitment of accredited developers and partners in providing quality homes and communities for the Filipino people, thereby helping to alleviate the country’s housing problem.
The Philippines faces a housing backlog of 6.5 million as of 2022, with projections suggesting this could increase to 22 million by 2040, according to data reported by the United Nations. CBDI has proven to be a reliable partner of Pag-IBIG Fund in addressing this crisis by consistently providing dependable and quality, economic housing for Filipino households.
