Mass housing developer 8990 Holdings Inc. said its current landbank has the potential to deliver P165-billion worth of sales over the next seven to 10 years.
8990 Holdings president and chief executive officer Anthony Vincent Sotto said in a statement the company plans to roll out 78,352 housing units from its landbank of 670.91 hectares located across the country.
“While we continue to acquire landbank, it is very encouraging to know that with just our current landbank we can expect to see sustainable growth for 8990 as we project an estimated P165 billion in sales,” Sotto said.
Luzon, says Sotto, is expected to bring the most sales with P93 billion, followed by Visayas with P67 billion and Mindanao with P5 billion.
The housing developer has delivered 81,700 units from 65 projects. It also has 52,240 housing units under construction with an estimated sales value of P95 billion.
