MANILA — Keen and Worth Property Developers, Inc. (KWDPI) said its flagship project, Ongpin Tower, has been officially accredited by the Philippine Retirement Authority (PRA) as a Pre-Selling Retirement Facility, expanding the development’s access to the retirement investment market and strengthening its appeal to local and foreign retirees.
The accreditation allows qualified retirees under the Special Resident Retiree’s Visa (SRRV) program to convert their visa deposits into condominium ownership within the project, subject to PRA rules and regulatory safeguards. The PRA recognizes accredited pre-selling and ready-for-occupancy condominium developments as eligible retirement facilities under the SRRV framework.
Located in Binondo, Manila, Ongpin Tower is positioned as a premium residential development that combines modern condominium living with access to key commercial, healthcare, banking, and lifestyle establishments within the district. The accreditation is expected to support the project’s positioning among retirees seeking government-recognized and legally protected real estate investments.
Under existing PRA guidelines, eligible SRRV holders may use their required deposit for property acquisition in accredited facilities, with transactions subject to government oversight and documentary restrictions designed to protect retiree rights.
KWDPI said the accreditation reflects the company’s compliance with the PRA’s quality, legal, and documentation requirements, while reinforcing its broader strategy of expanding Ongpin Tower’s market base through institutional and regulatory partnerships.
The company added that the recognition supports its long-term objective of positioning the development as a secure and value-driven residential asset within Manila’s historic Chinatown district.
Keen and Worth Property Developers, Inc. (KWDPI) is a Philippine-based real estate developer focused on creating premium residential and commercial spaces defined by quality, precision, and enduring value. Established in 2020, the company is committed to purposeful urban development that strengthens communities and creates long-term investment value. Its flagship development, Ongpin Tower, is a 52-storey residential project located in the heart of Binondo, Manila.