Megawide To Build More PHirst Park Homes
Megawide, the country's foremost engineering and infrastructure pioneer, increases its horizontal housing portfolio.
Photo Insert: The General Trias project marks Megawide's eighth collaboration with PPHI.
The company has secured its eighth project with PHirst Park Homes, Inc. (PPHI), one of the country's fastest-growing and top horizontal housing developers.
“Our continued presence in this segment is part of our commitment to help address the perennial housing problem in the country. Apart from seeing strong long-term prospects in this segment, it also gives us an opportunity to improve the quality of affordable horizontal housing through our value engineering capabilities and innovative techniques,” said Edgar Saavedra, Megawide Chairman and CEO.
The company signed a contract to "supply and build" 1,664 dwelling units to PPHI General Trias utilizing precast materials. This is the two companies' second collaboration in Cavite; Megawide also supplied and developed PPHI Tanza in 2018.
The General Trias project marks the Company's eighth collaboration with PPHI. In total, it is constructing over 13,000 apartments for PPHI across Luzon.
The contract will help Megawide increase its precast order book and enhance its position in the horizontal housing market. The Company is also planning to construct an onsite precast molding and concrete batching facility to manufacture precast house components for the project in order to increase efficiency and speed.
With its rapid turnaround time, Megawide's patented precast technique offers speed to market. The consistency of the output also decreases long-term expenses by lowering staff requirements and minimizing rework.
These benefits are in addition to the environmental and social benefits of dramatically lowering noise and dust pollution during construction.
“We are also encouraging more developers, whether on the affordable or upscale side, to adopt this technology as the standard. With faster turnaround times and excellent engineering value, we can help address the immense housing backlog faster and ensure quality construction for Filipino homes,” said Markus Hennig, Megawide Executive Vice President for Business Units.
According to data from the Housing and Urban Development Coordinating Council (HUDCC), the country's expected overall housing backlog for 2011-2016 is 5.7 million, which will necessitate the construction of 2,600 dwellings every day over the next six years to address.