PH1World to launch P14B projects

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PH1World Developers Inc. (PH1WD) said it looks to launch an estimated P14.3 billion worth of projects this year. 

This will comprise two vertical and one horizontal projects, Edgar Saavedra, PH1WD chairman, said on the sidelines of the company’s launch of its new projects at Solair North in Quezon City last week.

In Pasig, the company is launching the three-tower Lykke Kondo, a 28-storey Scandinavian-designed high rise residential project.

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Located near Marcos Highway and Ayala Malls Feliz in Pasig City, Lykke Kondo positions itself as a residential enclave that is in close proximity to the Ortigas business district. 

It will have 504 units divided into the three towers. Each floor will have 18 units, offering studio, one-bedroom and two-bedroom units. Lykke Kondo will also have 630 parking slots. 

PH1WD expects to generate P11 billion in sales from Lykke Kondo.

In Cavite, PH1WD expects to generate P1.5 billion for the first phase of its condominium project, the 10-hectare One Lancaster Park (OLP) in Imus City. 

OLP is the first and only condominium project in Lancaster New City, which PH1WD is developing in partnership with Famtech Properties Inc. for the first phase.

PH1WD will construct and manage OLP’s inaugural Tower 1 and Tower 2, with each offering 191 units of one- and two-bedroom units. 

When finished, the entire OLP property will boast of 15 eight-storey buildings with basement parking.

Another Cavite project by PH1WD is the 5-hectare Southscapes Trece Martires, which will offer house and lot units with floor area ranging from 62 square meters (sq.m.) to 90 sq.m. in lots that measure between 50 and 132 sq.m. 

Saavedra said Southscapes will generate P1.8 billion in sales.

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