12:04 am | Monday, September 1st, 2014
State-controlled Home Guaranty Corp. has cited six property developers for their “invaluable contributions in uplifting the lives of Filipinos through their housing projects.”
Two of the awardees are publicly listed companies: Megaworld Corp. and 8990 Holdings. Two others—DMCI Homes and SM Development Corp.—are part of publicly listed conglomerates.
The two other awardees are “condormitel” developer Phoenix Sun International Corp. and affordable housing developer New San Jose Buildings Inc.
The companies were honored during HGC’s 4th clients appreciation night last week at the Manila Peninsula Hotel. Vice President Jejomar Binay, chair of the Housing and Urban Development Coordinating Council, and HGC president Manuel Sanchez handed out the awards.
Megaworld of tycoon Andrew Tan was given the honor for its “holistic approach in the development of townships that are geared toward sustainability and growth.”
SMDC, the residential arm of the Sy family’s SM Prime Holdings, was recognized for undertaking “condominium developments making available a wide range of options for urban families.”
8990 Holdings was cited for “providing affordable housing opportunities in the Visayas and Mindanao regions,” while DMCI Homes was given the award for “building quality and affordable resort-like medium and high-rise condominium projects.”
Also, HGC cited Phoenix for “constructing affordable and accessible condormitels for students and city workforce and providing excellent property management.” New San Jose, on the other hand, was honored for “providing affordable homes and for preserving Philippine heritage houses and their rich cultural relevance.”
Apart from the property developers, seven institutions were cited by HGC for excellence in housing finance.
The honoree for the universal bank category was Metropolitan Bank and Trust Co., while BPI Family Savings Bank bagged the award for the thrift bank category.
The honoree for the mutual fund category was Cocolife Fixed Income Fund Inc. while Bank of Makati was cited the best rural bank partner.
Tahanan Mutual BLA was recognized to be the best among building and loan association partners while Ayala Land Inc. and subsidiaries was named the best developer in housing finance.
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