Low-cost, value-for-money homes in Mexico, Pampanga

FOLLOWING a groundbreaking ceremony on Sept. 26, 2023, low-cost housing units by Aquira Land Development Corp. (ALDC) at the Las Palmeras project in Mexico, Pampanga are now available at special, preselling rates.

All available units are two-story, three-bedroom units with two bathrooms. Smaller, more affordable units have a single garage while larger units have two-car garages with sizes ranging from 62 square meters (sqm) to 79.5 sqm of floor area.

A total of 1,548 units are now available for purchase. These will be completed by the fourth quarter of 2024.

As ALDC has a memorandum of agreement with the National Home Mortgage Financing Corp. (NHMFC), long-term financing will be available to eligible buyers. NHMFC will provide Las Palmas buyers with long-term interest rates that are lower than those offered by banks.

Completed along with the phase 1 units will be Las Palmeras' amenities. Among these are a swimming pool, a clubhouse, parks and basketball courts.

«It has always been our plan to offer better value for money than what is typically available on the low-cost housing market,» shares Erick Armigos, ALDC chief executive officer.

Phase 1 is planned as a 6,428-unit, low-cost housing development on a 57-hectare piece of land in Barangay Pandacaqui in the Municipality of Mexico in the province of Pampanga.

Among the attendees of the ribbon-cutting ceremony is Maria Luisa Favila, vice president of the Securitization Group at NHMFC.

Favila affirms the housing agency's support for ALDC buyers.

«We offer a lower interest rate for your home financing provided you are qualified for [the] program. You can enjoy the benefits of a lower interest rate and a longer-term loan, compared to other financial institutions,» says Favila.

«I hope as a government institution, we can help all the buyers to have a good home, provided by Aquira Land through this partnership,» adds Favila.

This project will be a joint venture between Aquira Land Development Corp. and Benjamin Construction and Equipment Inc.

For further information or inquiries, go to ww.aquiraland.com, or call +63.917.5220921.

Las Palmeras will also be available through www.facebook.com/AquiraLand.