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Check Turnover for Completed Condo Project
Check Turnover for Completed Condo Project . Vice President Noli “Kabayan” De Castro accepts from Delfin Lee, president, Globe Asiatique Realty Holdings Corp. (GARHC), the P21 million check representing the last payment for the P550 million GA Tower I condominium project in EDSA which was financed under the Medium and High Rise Building Project (MHRB) of the Pag-IBIG Fund. Over 600 units of the condominium project were availed of by Pag-IBIG members and borrowers through the Fund’s end-user home financing program. As of September 2006, the Pag-IBIG Fund has released P6.48 billion under the MHRB program which generated more than 11,000 condo units for city dwellers. From left: Ramon Palma-Gil, former president, Pag-IBIG Fund, Atty. Romero F.S. Quimbo, president and chief executive officer, Pag-IBIG Fund, and Juanito Eje, manager, wholesale lending group, Pag-IBIG Fund. (photo by Patricio Roel Pira).
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