PAG-IBIG Fund Davao branch manager Manolito Olegario noted an increase of 10 percent growth of housing loan borrowers as of September 30 compared to last year of same period.

In an interview during the Housing Fair at the NCCC Mall last week, Olegario attributed the increase to their active promotion of the program even as he said that the demand is there for more units.

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He said 50 percent of their borrowers are from outside of Davao City even as far as Cotabato and Surigao.

Pag-Ibig assistant manager lawyer Marie Antoniette D. Diaz said the government-owned corporation was able to sell P278.9 million of its acquired assets or 849 units from January to September 2009 in Davao City alone.

"For disposal starting October this year are some 566 units located in established subdivisions within Davao City and Davao del Sur," Diaz said.

Meanwhile Eduardo Manicio, executive vice president of the Social Housing Finance Corporation, said their office was able to assist settlers in Davao City by legalizing the tenure of their occupancy in the area where they spent some P84 million for this purpose. (CPM)