CDC Holdings makes foray into socialized housing

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CDC Homes Development & Ventures, Inc. has partnered with the City Government of Mandaluyong for a socialized housing project in Barangay San Ignacio, Plainview.

In a statement, MCA Homes, the joint venture of the affiliate of CDC Holdings, Inc. and Mandaluyong, said the housing project will rise on a 348-square meter lot in Plainview.

The first six floors of MCA Homes will be allocated for socialized housing, and offered to barangay residents and families affected by the renovation of the Pantaleon-Estrella Bridge.

“While this is a compliance requirement in support of the launch of CDC Homes’ River Park Place, MCA Homes will set the bar high for socialized housing,” the company said, noting there will be a roof deck, play area and garden. There will be a key card for residents, individual water and electric meters for each unit, a standby generator and fire protection system.

“The development of MCA Homes is also our way of delivering our mission of providing every Filipino family an affordable home that they can be proud of,” CDC Holdings President and Chief Executive Officer Melesa D. Chua said in a statement.

MCA Homes is CDC Holdings’ first foray into socialized housing. It is expected to be completed in 16 months.

CDC Holdings is the property developer behind projects such as Crisanta Towers, a low-rise building in Pasig City; Quadrillion Mansions, a residential condominium in San Juan City; and two mixed-use buildings in Annapolis, Greenhills namely Platinum 1000 and Platinum 2000. It is also the local partner of international serviced residence operator The Ascott Limited. — Vincent Mariel P. Galang