RENT-TO-OWN PUBLIC CONDO UNVEILED IN MANILA

MANILA  Mayor Honey Lacuna  recently inaugurated the city’s first rent-to-own public condominium.

The local government unit said the housing project aims to provide affordable condominium units to low-income residents.

City engineer Moises Alcantara said the 20-storey condominium building houses 299 residential units, 143 parking slots, five commercial spaces, five elevator units, a swimming pool, fitness room, function room, roof deck, and indoor and outdoor activity areas.

A super health center also opened in the building and will provide free medical services such as laboratory exams, ultrasound and X-ray. There are also rooms for dental care and minor surgeries.

The Pedro Gil residences is a flagship project of the Lacuna administration.

Under the rent-to-own scheme, residents will pay only P2,000 to P3,000 per month.

Lacuna said the program is a shift from the previous administration’s approach, which provided housing under terms that denied residents eventual ownership.

She said the condominium units will be raffled off to eliminate bias, ensuring fairness for qualified beneficiaries.

Lacuna added that the housing project is not just for government employees but for all Manileños.