Megawide property arm land banking for new projects
MANILA, Philippines —PH1 World Developers (PH1WD), the property arm of tycoon Edgar Saavedra-led Megawide Construction Corp., is in talks to secure land in Bulacan, Cavite and Batangas given its goal to upsize its pipeline and launch two horizontal projects annually in the coming years.
PH1WD president Ma. Gilda Alcantara said this was part of broader efforts to disrupt the domestic property sector while scaling up growth.
“We are looking at 200 hectares for the PH1WD horizontal pipeline. This will enable PH1WD to launch two horizontal projects annually for the next few years,” Alcantara said in a statement.
READ: Megawide lays down ambitious plans for PH World property unit
She said the builder is also negotiating with property owners given its focus to grow in San Jose Del Monte, Bulacan; Cavite and Batangas.
Beyond Luzon, the developer is looking at Cebu and Iloilo.
Article continues after this advertisementREAD: Megawide betting on affordable housing development
Article continues after this advertisement“On top of the energy efficiency features, unit owners can expect higher quality, consistency and durability since Megawide will be undertaking design and build for the project,” Alcantara said.
“Through our parent company’s innovative technologies, we herald developments that provide a wide range of extras: extra space, extra convenience and extra value,” she added. INQ
