Century Properties taps Megawide as contractor.
posted October 04, 2017 at 08:01 pm by Manilastandard.net – Darwin G. Amojelar.
Century Properties Group Inc. and brand partner Mitsubishi Corp. tapped Megawide Construction Corp. to build a housing project in Tanza, Cavite province.
Under the agreement, PHirst Park Homes of Century Properties through Tanza Properties Inc. awarded the contract to Megawide for the supply of precast concrete panel building systems for 2,830 housing units.
PHirst Park Homes is the first-home division and brand name of listed real estate developer Century Properties Group with Mitsubishi.
“PHirst Park Homes works only with the best in the industry to deliver quality housing to first-time homebuyers,” PHirst Park Homes president Ricky Celis said.
“We are confident of Megawide’s experience and leadership in modern precast technology and their expertise will only ensure that our PHirst homes in Tanza are delivered complete and on-schedule,” Celis added.
The precast construction system is one of the hallmarks of Megawide. The system enables faster construction, easy standardization, cost-effectiveness, high-quality finish and enhanced facade design.
“We are extremely proud of our precast technology. This memorandum of agreement with PHirst Park Homes is our seal of assurance to buyers in terms of quality and timely delivery,” Megawide president Edgar Saavedra said.
PHirst Park Homes Tanza is a 26-hectare horizontal community that is accessible through Governor’s Drive, Cavite with a total of 2,877 units.
Launched in the second quarter of 2017, the property has begun with land development in the first phase, which will have 950 units.
Target completion for the land development of the first phase is on the third quarter of 2018.
Construction of the first 878 homes will begin in the first quarter of 2018 for turnover in the third quarter of the same year.
Construction of the remaining 72 units is set to start by the second quarter of 2018 for turnover before yearend.
Reservation sales as of August 2017 for the first phase has reached 91 percent valued at approximately P1.2 billion.
PHirst Park attributed the fast sales take up to the demand of Filipino end users for quality housing in the price range of P1 million to 3 million.
Buyers from the CALABARZON area (Cavite, Laguna, Batangas, and Quezon) dominate the sales by close to 60 percent, followed by Filipinos working overseas.