The Social Security System (SSS) has offered for sale to members and the general public at affordable terms 305 houses and lots with a combined worth of P198.56 million, a top official said.
SSS Officer-in-Charge Edgar Solilapsi said the agency would sell the properties at preferential rates such as five percent downpayment and ten percent discount on selling price for buyers paying in cash.
“The SSS offer is part of government efforts to reduce the housing backlog by offering its acquired properties at market cost and easy terms,” he said. “Earnings will also add to the pool of funds of members.”
Interested buyers aged 18 to 60 years can choose from 305 housing properties and residential lots, which are up for sale as part of a state-run housing fair program that would end on September 30, 2012.