Megawide Construction Corp. said its realty arm PH1 World Developers (PH1WD) has tapped a P500 million loan from the Bank of the Philippine Islands (BPI) to develop its Northscapes project in San Jose Del Monte, Bulacan.
“The milestone is also expected to accelerate PH1WD’s value creation drive,” the company said.
“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 Gigi Alcantara, PH1WD president.
“Our commitment to buyers is to build homes with superior quality and offer an excellent community experience, expected from PH1WD – the real estate arm of the country’s most innovative engineering company Megawide. 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,” said Eric Gregor Tan, PH1WD general manager for horizontal developments.
Launched in September 2023, PH1WD is positioning residential enclave Northscapes San Jose del Monte as a sustainable living community in Bulacan.
Each house is designed with “environment-friendly living” in mind, which aims to reduce the energy needed in homes and significantly cut electricity costs.
It is under development in a 4.6-hectare property with 338 energy-efficient housing units.
The company expects to generate P1.9 billion in sales from the project that offers two-storey, three-bedroom units priced between P3 million to P8 million, with sizes ranging from 53 to 95 square meters.
