Urban Deca Homes owned by 8990 Holding Inc., which is fast becoming a leader in the affordable home market in Metro Manila, is expected to generate P4 billion in sales this year.
The company marked another milestone Wednesday during the ground-breaking ceremony of its largest urban home project in Metro Manila.
“This project is very exciting for us since it is our first large-scale development located very close to the city’s central business districts,” 8990 president and chief executive officer Willie Uy said in a statement.
Urban Deca Homes Ortigas will bring in affordable home-buying opportunities, especially to young professionals and those starting their families.
The development is located within a 13-hectare property along Ortigas Avenue Extension. It will roll out 22 buildings offering a little over 19,000 homes upon completion.
The project is expected to attract buyers who currently rent or work in areas such as Pasig City, the Ortigas Central Business District, Libis, Antipolo and Taytay, Rizal.
“What is unique about Urban Deca Homes Ortigas is that we will be providing larger units, more open spaces, and wider road at this prime location. For our buyers, this will truly offer greater value for money,” Uy said.
8990 owns three projects in Metro Manila. Its first high-rise building in Metro Manila, the 42-stoey Urban Deca Tower Edsa, was fully sold and completed in just 21 months after it was launched. It is also completing 1,024 units at Urban Deca Homes Campville in Muntinlupa City.
The company, meanwhile, will spend P8 billion through 2020 on Urban Deca Homes Manila in Tondo, Manila.
Upon completion, the Tondo project will deliver some 13,000 units with an estimated value of P20 billion.