MEGAWIDE Construction Corp. is aiming to help ease the socialized housing backlog in the Philippines through its engineering solutions such as precast technology.
“These opportunities will drive the company’s geographic expansion outside Metro Manila, with Megawide’s advantage being its engineering solutions such as precast, which will be key in accelerating supply faster than the growth in demand,” Megawide Chairman Edgar B. Saavedra said in a statement.
Citing data from the Housing and Urban Development Coordinating Council (HUDCC), the company said that the country’s housing backlog may hit 12.5 million units by 2030 if the problem remains unaddressed.
“The potential of the Philippine real estate sector is sky high — there are opportunities for growth and development all around us,” Mr. Saavedra said.
Through the precast technology, Megawide is able to cater to multiple projects and locations, as well as give clients a more efficient and less costly option since it can be produced faster, and installed and transferred easily.
Developers using this technology for mass housing projects, include PHirst Park Homes Inc. for its Tanza, Cavite site with 2,800 units and its Lipa, Batangas site with 1,900 units.
“We’re custom-building precast units to the exact specifications of our clients in our precast factory in Taytay, Rizal, which has a tightly-controlled manufacturing environment,” Mr. Saavedra said. — V.M.P.Galang