The Department of Human Settlements and Urban Development (DHSUD) and the Department of Economy, Planning and Development (DepDev) have approved an updated price ceiling for socialized housing units, covering both house-and-lot packages and condominium developments.
The adjustment was formalized through Joint Memorandum Circular (JMC) 2025-001, which DHSUD Secretary Jose Ramon Aliling described as a significant support mechanism for the nationwide implementation of President Ferdinand R. Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program.
The circular set the maximum selling price for a socialized house and lot package to PHP950,000 and condominium units to PHP1.8 million.
It has also set a bigger minimum area for socialized housing, from the previous 22 square meters to 24 square meters.
Aliling said the updated ceiling was done following consultations with private developers and deliberations between the two agencies.
“This JMC will lead to higher-quality, better-designed, and more spacious socialized housing units for our homebuyers,” he said. “It will also encourage our private partners to build more projects.”
The revision complies with Republic Act 11201, which requires DHSUD and the National Economic and Development Authority (now DepDev) to jointly review and adjust the maximum selling price of socialized housing units periodically, but not more than once every two years, to keep pace with current economic conditions. (PNA)