Megawide eyes more housing projects in Cavite, Bulacan
Megawide Construction Corp. is expanding its residential housing projects in Cavite and Bulacan to support the Philippine government's 4PH housing program. The company aims to reduce travel times for residents by focusing on developments near Metro Manila.
Why it matters
Infrastructure and housing expansion are key drivers for economic growth and urban development in the Philippines.
MEGAWIDE Construction Corp. plans to expand its horizontal residential developments in Cavite and Bulacan, the listed engineering and construction company’s top official said.
“Our subsidiary, we are focusing on socialized housing, affordable and horizontal housing (projects) such as the Southscapes. We will be launching more new projects in the southern part area like Cavite and also in the Bulacan area,” Megawide Chairman, President, and Chief Executive Officer Edgar B. Saavedra said during the company’s annual stockholders’ meeting last week.
Through its property unit, PH1 World Developers, Inc., Megawide last year earmarked P1 billion for Southscapes, a residential development in Trece Martires, Cavite.
Located in Barangay Lapidario, Trece Martires, the five-hectare (ha) project will have 343 housing units featuring modern design and energy-saving features.
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