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Manila Bulletin devider Business devider The Stock Market devider PH1WD's Cavite project hits ₱1.6 billion in sales on 'add-loft' demand

PH1WD's Cavite project hits ₱1.6 billion in sales on 'add-loft' demand

Published Feb 24, 2025 06:44 am

PH1 World Developers Inc. (PH1WD), the property development arm of Megawide Construction Corporation, reported robust sales amounting to ₱1.6 billion for its residential community in the province of Cavite.

In a statement, the firm said One Lancaster Park (OLP)—a multi-tower development located on a 10-hectare area in Lancaster New City, Imus, Cavite—posted 96 percent and 60 percent take-up for its first two towers, respectively.

The recently launched Tower 3, which features PH1WD’s proprietary add-loft technology that offers extra space at no extra cost, is also gaining a warm reception, with sales topping 30 percent just one month after its official launch in January 2025.

Meanwhile, PH1WD said Tower 4 of OLP is scheduled to be unveiled towards the latter part of this year.

“OLP brings green living closer to Metro Imus, Cavite and offers a perfect balance of both city and nature life. By combining the convenience of metro living and the open-air feel of suburban space, PH1WD offers the perfect commune for future residents,” said Gigi G. Alcantara, President of PH1WD.

She added that, “While Metro Manila is affected by the ongoing glut in condominium units, we believe that sprawling suburban areas, such as Cavite, offer significant growth potential in the real estate space and OLP’s value proposition will be an absolute come-on.”

OLP is less than an hour away from Metro Manila and with multiple access roads such as Cavite Expressway (Cavitex), Cavite-Laguna Expressway (CALAX), and South Luzon Expressway (SLEX) via MCX-Daang Hari Exit.

The soon-to-be-operational Phase 1 of the Cavite Bus Rapid Transport (BRT) system, which parent firm Megawide is currently developing, will further boost connectivity.

“As a first-world property developer, we envision social and economic sustainability in our ongoing and future projects and ensure that synergies are harnessed within the bigger group,” said Megawide Chairman and CEO Edgar Saavedra.

He noted that, “In OLP, for instance, our very own engineering, procurement, and construction (EPC) services and precast and construction solutions (PCS) products will be utilized to capture the end-to-end value chain.

“In addition, the Cavite BRT project will connect to the Paranaque Integrated Terminal Exchange (PITX), which will then serve as a jump-off point to other business districts around Mega Manila.”

The Cavite BRT System project includes the operation of a P2P (point-to-point) route, with an alignment of 42 kilometers stretching through Imus, General Trias, Tanza, Kawit, Trece Martires, and its surrounding areas.

Phase 1 will be composed of three terminals and 27 stations, with the P2P service connecting non-stop to PITX.

This project is seen to boost accessibility and viability of OLP and PH1’s other projects in Cavite, like the Southscapes, as perfect alternatives for comfortable living and breathable spaces.

Related Tags

Gigi G. Alcantara Megawide Construction Corporation PH1 World Developers edgar saavedra
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