GSIS sells Sta. Mesa lot for P258m to housing finance agency

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 55%

Business News News

Business Business Latest News,Business Business Headlines

State pension fund Government Service Insurance System said Wednesday it sold for P258 million its 14,000-square-meter property in Sta. Mesa,

Manila to the Social Housing Finance Corp. to pave the way for the construction of a high-rise condominium project.

“We didn’t think twice about selling the GSIS property to SHFC…,” GSIS president and general manager Wick Veloso said, adding that the fund fully supports the goal of President Ferdinand Marcos Jr. to address the housing backlog in the country. The lease with option to buy program allows potential homeowners to acquire a GSIS property without an initial down payment where they can choose from 15,000 residential properties available nationwide.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines