Developer 8990 Holdings Inc. said it has grown its footprint significantly since 2007, delivering more than 100,000 units across completed and ongoing projects, with more than 300,000 residents and approximately 90 percent occupancy rate as of end-2024.
The company said in a statement these developments were undertaken by business units — DECA Homes for low-cost mass housing; Urban DECA Homes brand, medium-rise condominiums and; Urban DECA Towers, high-rise condominiums.
8990 said it has transferred P16.5 billion-worth of receivables to the National Home Mortgages Finance Corp. as of last year.
As a developer of low-cost housing with mass housing units, 8990 said its price points for such products do not exceed P1.9 million for lots only development and P2.2 million for residential house and lots or other residential dwellings.
Under the brand name DECA Homes, its residential subdivisions are located in Cebu, Iloilo, Davao, Pampanga, and Cavite.
An information sheet from Reuters shows 8990 constructs over three types of housing unit, including single-story detached, single-story attached, and townhouse.
The floor areas range over from 35 square meters (sq. m.) to 120 sq. m. Its facilities include concrete roads and an underground drainage system.
The information sheet said 8990 also develops low-cost residential complexes of medium-rise buildings under the Urban DECA Homes brand. The floor area for an MRB unit ranges over from 25 sq. m. to 36 sq. m.
The company’s website says its housing subsidiaries are 8990 Housing Development Corp.n; 8990 Luzon Housing Development Corp.; 8990 Mindanao Housing Development Corp. and 8990 Davao Housing Development Corp., 8990 in a regulatory filing said it closed 2024 with an attributable profit of P5.43 billion, down 21.17 percent from the P6.88 billion it posted the prior year.
Revenues dropped 16 percent to P19.04 billion compared to the prior year’s P22.66 billion.
