8990 Holdings Inc. looks to raise P10.4 billion in sales for its Urban Deca Tower Cubao, set to launch by the second half of this year.
Located on EDSA southbound corner Mayor Ignacio Santos Diaz street, Urban Deca Tower Cubao will be 45 storeys, offering 4,961 studio units priced at an average of P1.9 million.
It will also have 2,859 square meters of commercial spaces.
The project broke ground in February 2020.
8990 delivered a total of 2,634 new homes in the first quarter, although housing production fell 50 percent due to the community restrictions imposed to contain the spread of COVID-19.
8990 said Urban Deca Tower Cubao’s launch is an indicator of its “optimistic outlook” for the year, as it started 2021 on a high note.
The company reported that first quarter profit hit P1.6 billion, up 17 percent from P1.3 billion in 2020. Revenue hit P4.48 billion, up 29 percent increase from P3.47 billion last year.
