Manila, July 8 -- The Pag-IBIG Fund's raising of its maximum home loan ceiling to PHP10 million is now the "most affordable path" for middle-market ownership, Leechiu Property Consultants (LPC) said.

In its latest property market report, released on July 7, Leechiu said the new loan cap opens the door for middle-income consumers and offers a solution to the rising number of unsold condominium units across Metro Manila.

"The one bright spot is indeed Pag-IBIG's 10-million-peso rate-that's the public sector already pitching in to help alleviate the supply issues," said Tam Angel, director for investment sales at LPC.

"The rents are soft, and we have to take advantage of that. But at the same time, as we feel this notion from the younger...