PH1 World Developers (PH1WD), the real estate development arm of engineering and infrastructure conglomerate Megawide Construction Corporation, is investing P5.5 billion to develop a residential condominium project in Pasig City.
In a statement, the firm said it has broken ground for its newest project, which is also its fourth vertical development, that will have a total market value of about P25 billion.
The Pasig project is expected to further disrupt conventional residential living in the Eastern side of Metro Manila and promote a dynamic community in the environs of Pasig and Marikina Cities.
The project – which was made possible through a joint venture with the landowners, Velfox Manufacturing Corporation – will be the first residential condominium in the area to offer extra space, at no extra cost for property buyers.
According to PH1WD President Gigi Alcantara, the project will sit on a 10,000-square meter property and will consist of two phases to be complemented by a host of amenities built on a podium-like structure.
Like PH1WD’s recent residential projects, Megawide will undertake the engineering aspect of the project property, with its innovative Precast and Construction Solutions (PCS) expertise.
“Each individual unit will incorporate Megawide’s patented 'AddLoft Technology,' which increases the total volume of livable space by almost 40%, maximizing high ceilings, anchored on an innovative loft design and engineering methodology,” Alcantara explained.
She added that “this is what we envision extraordinary ‘condo living’ to be: living spaciously, but affordably. We at PH1WD consider this as another one of our positive disruptions, courtesy of Megawide’s engineering excellence and innovation DNA in designing and constructing modern living spaces. "
“Having Megawide as our parent and contractor, at the same time, assures potential unit owners of First-World quality, consistency, and durability in every product,” she also said.