Megawide inks construction contract from Century Properties
Megawide Construction Corp. has bagged a contract to build Century Properties Group Inc.’s low-cost housing project in Tanza, Cavite.
PHirst Park Homes, the first-home division and brand name of CPG, has tapped engineering and construction firm Megawide to provide precast concrete panel building systems for its 2,830 housing units in Cavite.
“PHirst Park Homes works only with the best in the industry to deliver quality housing to first- time homebuyers. 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,” said Ricky Celis, president of PHirst Park Homes.
A trademark of Megawide, the precast construction system allows 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,” said Megawide president Edgar Saavedra.
Launched in the second quarter, the 26-hectare PHirst Park Homes Tanza has commenced land development for its first phase, which will have 950 units.
Construction of the first 878 homes will begin in the first quarter of 2018, to be turned over in the third quarter of the same year. Construction of the remaining 72 units is set to start by the second quarter of next year, to be turned over before the year-end.
As of the end of August, reservation sales for the first phase reached P1.2 billion on strong demand from Filipino end users looking for quality housing in the price range of P1 million to P3 million, and Filipinos living abroad.