Bilyonaryo Ed Saavedra-led Megawide Construction Corp. will build 1,974 housing units for Century Properties’ PHirst Park Homes Inc.
Megawide will supply and install precast materials to Phirst Park Homes’ project in Batulao, Batangas, further strengthening its presence in the horizontal housing segment.
The construction and engineering firm’s precast technology enables quick turnaround, less manual labor, and lower long-term costs, on top of reduced noise and dust pollution.
“This is a welcome development for Megawide and its business units, as developers such as PPH repeatedly partner with us for their developments,” said Markus Hennig, Megawide EVP.
Megawide will build an onsite precast facility and batching plant to efficiently manufacture and supply high quality precast housing units and concrete, ensuring on time delivery and high standardization of products.
The Batulao site is Megawide’s sixth project with the developer following their collaboration in San Pablo and Calamba, Laguna; Pandi, Bulacan; Tanza, Cavite; and Lipa, Batangas, where almost 9,400 housing units are currently in various stages of construction.
“Developers are now acknowledging the advantages of using precast especially under the current scenario. With a more efficient process, less manpower needs, and more cost-efficient structure in the long-run, our clients can turn over more units and realize higher revenues in a shorter period of time compared with conventional methods. We look forward to the day this technology will be accepted as the standard to address the country’s immense housing backlog where Megawide can play a more active and significant role,” Hennig said.