MEGAWIDE Construction Corp. plans to expand its horizontal residential developments in Cavite and Bulacan, the listed engineering and construction company’s top official said.
“Our subsidiary, we’re specializing in socialized housing, reasonably priced and horizontal housing (projects) resembling the Southscapes. We will likely be launching more recent projects within the southern part area like Cavite and in addition within the Bulacan area,” Megawide Chairman, President, and Chief Executive Officer Edgar B. Saavedra said throughout the company’s annual stockholders’ meeting last week.
Through its property unit, PH1 World Developers, Inc., Megawide last 12 months earmarked P1 billion for Southscapes, a residential development in Trece Martires, Cavite.
Positioned in Barangay Lapidario, Trece Martires, the five-hectare (ha) project may have 343 housing units featuring modern design and energy-saving features.
Mr. Saavedra also said the corporate plans to develop additional projects under the federal government’s expanded Pambansang Pabahay para sa Pilipino (4PH) Program in other cities and municipalities.
“The priority of the corporate is to deal with Metro Manila. Obviously, you will have the southern part, Cavite; and the northern part will likely be somewhere in Bulacan. That is primarily to deal with the Metro Manila market,” he said, adding that Megawide is pursuing developments near Metro Manila to assist reduce travel time.
Megawide is currently constructing about 11,000 housing units under the expanded 4PH Program.
For 2026, the corporate is targeting a net income of P1.2 billion, expecting lower borrowing costs following debt reduction and continued growth in its construction and real estate businesses to support earnings.
In the primary quarter, Megawide’s attributable net income rose 24% to P265.35 million, driven by stronger real estate operations and sustained performance in its construction business. — Ashley Erika O. Jose