The Market Monitor Minding the Nation's Business
8990 Holdings’ two largest ventures in the Visayas region, DECA Homes Mactan Prime and Urban DECA Homes Mactan, have taken the lead in mass housing development.
Located in Lapu Lapu City, 8990’s newest projects offer family friendly communities near the vibrant city of Cebu.
Easily accessible through public transportation, both projects provide new affordable homes just minutes from the local school, hospital, commercial center and public market. It is also a mere 2.6 kilometers from the planned 3rd Mactan Bridge which is expected to be rolled out in 2022.
DECA Homes Mactan Prime and Urban DECA Homes Mactan, combined, account for close to 70 percent of the Company’s current pipeline in Cebu at a project cost of approximately P7 billion. These two projects are expected to be completed by the end of 2023.
DECA Homes Mactan Prime is situated within a 30-hectare property and has an estimated project value of P4.2 billion. Once completed, this gated community will provide 3,507 home units with a community gathering area and 16,000 sqm of commercial space where families can spend their leisure time.
Urban DECA Homes Mactan is a 15-hectare property valued at P6.5 billion that will house mid-rise buildings with a total of 6,828 units upon completion of the project.
The development offers studio and 2-bedroom units and paves the way for working professionals and start-up families to own their own condominium units easily accessible to the city center.
“Our projects in Cebu are a testament to our commitment to providing decent homes to the Filipino at an affordable price,” 8990 Holdings President and CEO Januario Jesus Gregorio B. Atencio III said.