Megawide has bagged a new contract to construct 1,664 housing units in Cavite, further strengthening its partnership with the Antonios’ mass housing arm PHirst Park Homes Inc. (PPHI).
In a regulatory filing, Megawide said the new contract, which is its 8th project with PPHI, would boost the construction and engineering firm’s precast order book and expand its presence in the horizontal housing segment.
Megawide is building close to 13,000 units for PPHI in several locations across Luzon.
“Our continued presence in this segment is part of our commitment to help address the perennial housing problem in the country. 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,” said Edgar Saavedra, Megawide chairman and CEO.
For more efficiency and faster turnover, Megawide is a set to build an onsite precast molding and concrete batching plant to manufacture precast housing components for the project.
Megawide’s proprietary precast technology enables quick turnaround time and reduces long-term costs by limiting manpower needs and minimizing rework.
