IN response to a request from the Subdivision and Housing Developers Association, the National Economic and Development Authority (NEDA) and the Department of Human Settlements and Urban Development (DHSUD) have approved new guarantee ceilings for low- and medium-cost housing packages.
IN response to a request from the Subdivision and Housing Developers Association, the National Economic and Development Authority and the Department of Human Settlements and Urban Development have approved new guarantee ceilings for low- and medium-cost housing packages.This adjustment, formalized through Joint Memorandum Circular 2024-001 addresses the need to align housing costs with current economic conditions.
and NEDA have set the ceilings as follows. P300,000 and below for Level 1-A ; P300,000 to P500,000 for Level 1-B – above; P500,000 to P1.25 million for Level 2 – above; P1.25 million to P3.0 million for Level 3 – above; P3.0 million to P4.0 million for medium-cost – above and P4.0 million for open market – above.
DHSUD Approve Adjusted Ceilings For Low Medium Cost Housing
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