BY ANGPING & ASSOCIATES SECURITIES
8990 Holdings, Inc. (HOUSE) is investing PHP 1 billion to develop a 140-hectare township project in Iloilo which would address the current housing backlog of the city.
The launch of the Deca Homes Pavia Resort Residences (DHPRR) marked another milestone in the company’s growth as the project would not only help ease the housing backlog in Iloilo, but at the same time contribute to the economic activity of the city.
The township project would involve the construction of 2,861 single-attached house and lot units with amenities including a clubhouse, swimming pool, basketball courts, chapel and a commercial center and wakeboard park.
Each unit would have an 80-square meter lot and 35.1-square meter floor area with two bedrooms, toilet and bathroom, kitchen, dining and living areas.