8990 and Megawide Ink First Horizontal Development Contract

8990 Holdings Inc. (PSE: HOUSE) expands its partnership with Megawide Construction Corp. (PSE: MWIDE) with the signing of a contract to build its newest housing project in Meycauayan, Bulacan.

“We are delighted to extend our partnership beyond just vertical developments. With the addition of Deca Homes Meycauayan to our list of projects with Megawide, we are certain that we will be able to deliver quality homes to every hardworking Filipino,” said President and CEO Willie J. Uy.

Megawide will bring in its pre-cast expertise that would produce approximately 5,000 townhouses within 8990’s 41-hectare property located in Barangay Saluysoy, Meycauayan, Bulacan. This is 8990’s second project in Bulacan. In 2016, 8990 started developing a 14-hectare property in Marilao, Bulacan. The residential development currently offers a mix of townhouse units and medium-rise buildings.

Bulacan is already a popular residential choice for families who like to work in the city but prefer to come home to a place where modern life and rustic living meet. The province is poised to benefit from the major infrastructure projects that will build the province into the next high growth area. It is a mere hour away from Quezon City via the North Luzon Expressway and soon it will be made more accessible with the completion of MRT-7 connecting EDSA North Avenue and San Jose Del Monte. It is an hour from the Clarke International Airport. Plans are also underway to build an International Airport in Bulacan.

Megawide is currently constructing 8990’s two large scale developments, the 13-building Urban Deca Homes Tondo located in Tondo Manila and the 22-building Urban Deca Homes Ortigas along Ortigas Avenue Extension.

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