Pag-IBIG taps Megawide for P10 billion 4PH program

Upgrade to High-Speed Internet for only ₱1499/month!

Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.

Visit Suniway.ph to learn

December 18, 2025 | 12:00am

MANILA, Philippines — Megawide Construction Corp. has entered into an investment and partnership agreement with the Home Development Mutual Fund (HDMF), more popularly known as Pag-IBIG, to accelerate the government’s expanded Pambansang Pabahay para sa Pilipino (4PH) program.

The agreement involves HDMF’s participation as an investor in the 4PH housing projects through subscription to perpetual preferred shares issued by Megawide Dreamrise Residences Inc. amounting to P10 billion, payable in three tranches.

The funds will in turn be used to deliver at least 7,000 housing units, at affordable packages, over the next two to three years.

“The partnership with Pag-IBIG is strategic in the sense that it addresses the imbalance between demand and supply in the housing sector,” Megawide chairman and CEO Edgar Saavedra said.

“We believe that we are uniquely positioned and technically proficient to deliver high-quality and cost-efficient housing products that meet the requirements of the 4PH program, with speed and consistency,” he said.

Megawide had earlier expressed interest in joining the government’s 4PH program, with the company aiming to launch 100,000 units as part of its long-term roadmap.

The company said that the first 50,000 units have already been identified and included in its pipeline over the next five years.

These include project launches and groundbreakings in five locations in Cavite – one in Imus and two each in Dasmariñas and Bacoor.

“This partnership allows us to deliver affordable homes faster and make them more accessible to our members. At the same time, it helps us prudently grow and protect our members’ savings through a board-approved investment that further strengthens our already secure and profitable portfolio,” Pag-IBIG Fund chief executive officer Marilene Acosta said.

“Ultimately, this is about providing meaningful benefits to our members while actively contributing to nation-building. We are happy to support a company that shares our commitment to building a better future for every Filipino,” she said.

The Pag-IBIG Fund, the country’s largest home financing institution, is mandated to provide accessible savings and affordable housing loans to Filipino workers.

In July, Pag-IBIG Fund started offering a subsidized three-percent annual interest rate on eligible socialized housing loans, with the rate applying during the first five years of the loan term and may be extended for another five years for qualified borrowers.

The initiative supports the Department of Human Settlements and Urban Development’s Expanded Pambansang Pabahay para sa Pilipino program, which covers both horizontal and vertical housing developments nationwide.

Megawide, for its part, has been a strong partner in the government’s nation-building efforts, having successfully delivered 10,000 public school classrooms under the public school infrastructure project Phases 1 and 2.

Also among the company’s accomplishments are the development of the Mactan-Cebu International Airport, delivery of the new terminal building at Clark International Airport and construction and operation of the country’s premier landport, the Parañaque Integrated Terminal Exchange.