This year marks a milestone for P.A. Alvarez Properties and Development Corporation, celebrating 30 years of empowering Filipino families through affordable homes and sustainable communities. Having provided homes for over 30,000 families, P.A. Properties celebrates this anniversary by recognizing the inspiring stories of growth, triumphs, and new beginnings.
P.A. Properties earned multiple distinctions in 2024 for its contributions to Philippine real estate. The company was among the Top 10 Pag-IBIG Fund Accredited Developer in South Luzon and achieved the Highest Conversion Performance among Pag-IBIG Fund developers in the region in 2023.
It also secured the No. 9 spot among Pag-IBIG Accredited Developers in North Luzon for 2023 and continued to excel in 2024, being among the Top 10 Developers in both North Luzon and NCR during the first half of the year.
Additionally, P.A. Properties was recognized as a leading taxpayer, earning a Top 100 Taxpayer position in San Pedro, Laguna, in May 2024 and as one of the Top 200 Corporate Taxpayers in Cabuyao for Fiscal Year 2023. These honors highlight the company as a responsible corporate citizen, and its commitment to sustainable growth and community development.
Building With Purpose Through Progressive Partnerships
The company’s ambitious future is underscored by its strategic partnership with Japan’s Hankyu Hanshin Corporation, a collaboration that has fueled the recent launch of its sixth community, the Idesia Cabuyao East in Cabuyao, Laguna. This partnership not only marks an expansion of P.A. Properties’ footprint but brings together international expertise in sustainable urban development, enhancing quality and affordability.
“Collaborations with esteemed partners like Hankyu Hanshin Properties Corp. broaden our vision and allow us to innovate at an unprecedented scale,” noted Romarico T. Alvarez, Chairman of the Board.
In order to build more housing units to help alleviate the country’s housing backlog, P.A. Properties has secured P900 million from the Government Service Insurance System (GSIS) and P300 million from the Philippines National Bank (PNB) to construct affordable homes for Filipinos. During the April 2, 2024 signing at GSIS Head Office, President and General Manager Wick Veloso highlighted the project’s alignment with the Bagong Pilipinas vision of providing homes for all. The funds will support land acquisition and development, aiding efforts to meet the projected demand of 9 million housing units.
