8990 Holdings bares P7-b Cebu projects
Mass housing developer 8990 Holdings Inc. said it will spend P7 billion to construct two large housing projects in Cebu province.
8990 Holdings said in a statement it launched Deca Homes Mactan Prime and Urban Deca Homes Mactan which are located in Lapu Lapu City.
Deca Homes Mactan Prime is situated within a 30-hectare property and has an estimated project value of P4.2 billion. Once completed, the gated community will provide 3,507 home units with a community gathering area and 16,000 square meters of commercial space.
Urban Deca Homes Mactan is a 15-hectare that will offer 6,828 units upon completion of the project with total sales value of P6.5 billion. The development offers studio and two-bedroom units and paves the way for working professionals and start-up families to own their own condominium units that are easily accessible to the city center.
The two projects account for close to 70 percent of the company’s current residential pipeline in Cebu. Both projects are expected to be completed by the end of 2023.