Megawide Construction Corp. has secured its eighth project with horizontal housing developer, PHirst Park Homes, Inc. (PPHI).
The Company signed a contract to “supply and build” 1,664 housing units using precast materials in PPHI General Trias.
This is the second partnership for the two companies in Cavite; Megawide also supplied and built PPHI Tanza in 2018.
“Our continued presence in this segment is part of our commitment to help address the perennial housing problem in the country,” said Edgar Saavedra, Megawide Chairman and CEO.
“Apart from seeing strong long-term prospects in this segment, it also gives us an opportunity to improve the quality of affordable horizontal housing through our value-engineering capabilities and innovative techniques.”
Data from the Housing and Urban Development Coordinating Council (HUDCC) show that the country’s estimated total housing backlog is 5.7 million for 2011-2016, which will require the construction of 2,600 homes per day in the next six years.