PH1 World Developers (PH1WD), the property development arm of Megawide Construction Corporation, has secured a P500-million loan agreement with Bank of the Philippine Islands (BPI) for the development of its Northscapes project in San Jose Del Monte, Bulacan.
In a statement, the firm said the fresh funds are also expected to accelerate PH1WD’s value creation drive, which is projected to be a major growth platform for its parent-contractor Megawide in the next two years.
“We thank BPI for their vote of confidence in both PH1WD and Megawide, through Northscapes, and our goal to bring energy-efficient communities to emerging locations such as San Jose Del Monte,” said PH1WD President Gigi Alcantara.
PH1WD General Manager for Horizontal Developments Eric Gregor Tan said “our commitment to buyers is to build homes with superior quality and offer an excellent community experience."
“This partnership with BPI will ensure that we will deliver on our promise and is a testament to the collaborative mindset of both our organizations to promote accessible green and modern living,” he added.
For its part, BPI said that providing funding for such projects was a clear choice.
“Financing for Northscapes aligns with BPI’s vision to build a better Philippines—one family, one community at a time. We look forward to more collaboration with PH1WD to further advance our shared goal of creating positive change and developing sustainable communities,” said Luis Cruz, Head of Commercial Banking Relationship Management Group, Institutional Banking Segment at BPI.
Launched in September 2023, this 4.6-hectare residential development will feature 338 energy-efficient housing units. This partnership reinforces PH1's commitment to complete its pioneering house and lot project in Northern Luzon.
Northscapes San Jose del Monte is bringing sustainable living to Bulacan. Each house in Northscapes is designed with environment-friendly living in mind, featuring SolarSave solar panels, ResiShade tinted windows, and TropiCool insulated walls.
These features reduce the energy needed to cool your home, significantly cutting down electricity costs.
The Northscapes project has earned accolades, including Best Green Development and Best Housing Development at the 2023 Carousell Property Awards, thanks to its innovative Enviro-Smart features.
“We make sure that our Enviro-Smart features and green community living are accessible to starter and growing families, whether their preference is a townhouse or a single attached model,” said Tan.
Townhouses at Northscapes consist of 53 sqm (mid unit) or 70 sqm (end unit) while Single Attached house models can have up to 95 sqm of space.