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Bacolod City, PhilippinesFriday, April 20, 2012
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Housing loan
‘madness’ in Bacolod

BPI Family Savings Bank is having its first housing madness in the Philippines here in Bacolod City because of its strong economy, Jose Teodoro Limcaoco, president of the BPI Family Savings Bank said at a press conference yesterday at Bar 21.

“We remain very convinced that there is a big potential here in Bacolod City that is why our 4th housing madness is here and we are joined by six local developers and four national developers,” Limcaoco said

The housing madness will start tomorrow until Sunday at the Robinsons Place.

He said that the strong economy of the city comes from the tourism industry, business process outsourcing industry, and the Overseas Filipino Workers.

Tourism is very strong in Bacolod and it will be stronger because of the government’s push to make it as their primary focus, he said, adding that the city has hotels, buildings, and infrastructures, new and fairly large airport, and its access is very easy.

Limcaoco also said that local businessmen are very focused in providing the infrastructures so that the BPO industry can continue to grow and BPO is one of our target clients because it is composed of young people making good income.

The bank also introduces new housing loan variant, the “Housing Loan Pay Break” where clients have a month of reprieve every year from their monthly amortizations.

This means that clients only have to pay 11 months for their amortization and the month they want to skip the payment is their own choice and clients availing this loan variant can enjoy free registration fee on top of the other offers during the housing madness, Limcaoco said.

Meanwhile, the developers joining the housing madness are Ayala Land Corp., Amaia Land Corp., Dynamic Properties and Realty Corp., Furen Land and Housing Development Corp., BAPA Realty Development Corp., Communities Negros Occidental Inc. (Camella), AFP MBAI Corp., Philippine Diversified Development Corp., and Home Invest Realty Ventures Inc. *LTG

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