{"id":19743,"date":"2024-07-15T03:12:43","date_gmt":"2024-07-15T03:12:43","guid":{"rendered":"https:\/\/energybuzz.ph\/staging\/6915\/ph1-targets-expansion-with-200-hectares-for-future-projects\/"},"modified":"2024-07-15T03:12:43","modified_gmt":"2024-07-15T03:12:43","slug":"ph1-targets-expansion-with-200-hectares-for-future-projects","status":"publish","type":"post","link":"https:\/\/energybuzz.ph\/staging\/6915\/ph1-targets-expansion-with-200-hectares-for-future-projects\/","title":{"rendered":"PH1 targets expansion with 200 hectares for future projects"},"content":{"rendered":"
\n

By Revin Mikhael D. Ochave, <\/b>Reporter<\/i><\/p>\n

REAL estate developer PH1 World Developers, Inc. is eyeing 200 hectares of land in the next two years to support the company\u2019s development plans, its top official said.<\/span><\/p>\n

\u201cOur target is 200 hectares (of land bank) in the next two years,\u201d PH1 Chairman and Chief Executive Officer Edgar B. Saavedra told\u00a0BusinessWorld<\/i>\u00a0in a recent interview.<\/p>\n

Mr. Saavedra said that PH1 is looking at areas such as Taytay, Pasig, Bulacan, and Cavite to support the company\u2019s land banking efforts.<\/span><\/p>\n

\u201cWe are looking for land on the fringes of the Greater Manila area. There is demand. The bandwidth is in this area. We want the fringes because these are more affordable,\u201d he said.<\/p>\n

\u201cFor the 200 hectares of land, we plan to do housing and medium-rise developments,\u201d he added.<\/span><\/p>\n

Mr. Saavedra said that PH1 currently has 50 hectares of land bank situated in Cainta and Taytay in Rizal, Pasig City, Cavite, and San Jose Del Monte in Bulacan.<\/p>\n

\u201cThe 50 hectares of land bank can do seven to eight projects already,\u201d he said.<\/p>\n

Mr. Saavedra said that PH1\u2019s land banking efforts will be mostly done through joint ventures (JVs).<\/span><\/p>\n

\u201cThe land banking will be done through JVs so that it will not be too heavy on our cash flow,\u201d he said.<\/span><\/p>\n

PH1 is the real estate arm of listed infrastructure conglomerate Megawide Construction Corp.<\/p>\n

Mr. Saavedra previously said that PH1 is expected to contribute \u201csubstantial earnings\u201d by 2026 as two of its ongoing projects are scheduled to finish construction.<\/p>\n

PH1 recently launched a P2-billion mid-rise residential housing project in Imus, Cavite as well as residential condominium project in Pasig City with two phases that are expected to generate as much as P30 billion in sales.<\/p>\n

Megawide bought\u00a0PH1\u00a0from Citicore Holdings Investment, Inc. in July last year for P5.2 billion, as the conglomerate sets its sights on the below-middle-income and middle-income segments of the real estate market. \u00a0<\/span><\/p>\n

Other PH1 projects include the Modan Lofts Ortigas Hills condo project in Taytay, My Ens\u014d Lofts in Quezon City, The Hive Residences condo in Taytay, and the Northscapes housing development in Bulacan.<\/p>\n

It also has a joint venture with Property Company of Friends, Inc. to build the One Lancaster Park condo project in Imus City, Cavite.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

REAL estate developer PH1 World Developers, Inc. is eyeing 200 hectares of land in the next two years to support the company\u2019s development plans, its top official said.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[4568,14644,5688,168,4765,18737,18738,2380,13945,140],"class_list":["post-19743","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-4568","tag-bworldonline","tag-expansion","tag-for","tag-future","tag-hectares","tag-ph1","tag-projects","tag-targets","tag-with"],"yoast_head":"\nPH1 targets expansion with 200 hectares for future projects - Energy Buzz<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/energybuzz.ph\/ph1-targets-expansion-with-200-hectares-for-future-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PH1 targets expansion with 200 hectares for future projects - 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