Mass housing developer 8990 Holdings Inc. expects to generate P4 billion in sales this year from 13 building residential complexes within an 8.4-hectare project in Tondo, Manila.
8990 Holdings said the demand for Urban Deca Homes Manila project had been strong after the whole development neared completion.
The Tondo project, the company’s largest to date, will deliver 13,000 units with a total estimated value of P20 billion.
Sales reservations to date are nearing 2,000 units with a total of 3,200 units expected to be delivered before the end of the year.
Revenues from Tondo project in the first quarter of 2018 reached P1 billion.
“Once our buyers saw that buildings are already nearing completion, we noticed a significant jump in our sales. We are certain we will see this trend continue as we roll out more units to meet the strong demand for housing in the Tondo area,” said 8990 Holdings president and chief executive Willie Uy.