Megawide Construction Corp. recently announced the completion of P1.2 billion worth of housing projects, marking a significant expansion in its residential construction sector.
The company finalized the Northscapes San Jose del Monte project in Bulacan, valued at P575 million, developed through its subsidiary, PH1 World Developers, Inc.
Additionally, three residential blocks with a total of 40 units have been delivered at Southscapes Trece Martires in Cavite, which falls under a P593 million contract.
Enhancing Housing Accessibility for Filipinos
Our vision is to make quality homes more accessible to Filipino families. Working with Megawide enables us to adopt a more coordinated approach that brings greater consistency and efficiency to our developments.
Gigi G. Alcantara, President, PH1 World Developers, Inc.
Northscapes comprises 329 housing units within a 4.6-hectare community in San Jose del Monte, completed on October 15, less than three years after construction commenced.
Southscapes is also significant as it marks PH1 World Developers, Inc.'s inaugural horizontal housing project in Cavite, with a planned total of 394 housing units on a five-hectare site.
For the year 2026, Megawide is targeting a net income of approximately P1.2 billion, buoyed by lower borrowing costs and growth within its construction and real estate segments.
- Net income for the first half of 2026 rose 22.5% to P532.7 million.
- Total revenue increased by 1.2% to P8.7 billion.
Following the announcements, Megawide's shares saw a slight uptick of 0.19%, closing at P5.19 each.