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8990 starts condo project

By Jenniffer B. Austria | Jul. 04, 2014 at 12:01am [ ]

Mass housing developer 8990 Holdings Inc. is set to launch today its first condominium project costing P735 million along Edsa in Mandaluyong City.

8990 Holdings said in a statement the 42-story residential tower called Urban Deca Tower-Edsa would offer 1,148 units, measuring 13.03 square meters each and costing not more than P1.25 million.

“Our first Urban Deca Tower along Edsa presents an innovative alternative for workers in Metro Manila where we are adopting the ‘half-way’ house concept that effectively addresses the practical need of workers in Metro Manila to have a decent, clean, safe, secure, and flood-free place to stay during weekdays that is near their place of work,”  said 8990 Holdings president and chief executive Januario Jesus Atencio.

Atencio said many Metro Manila workers actually lived in homes as far as Laguna, Cavite and Bulacan and the company’s condominium units would provide a viable housing solution to long commutes, traffic jams and renting dormitories and bed spaces.

8990 Holdings tapped Megawide Construction Inc., another publicly-listed company, to build the project over the next 36 months.

The high-rise tower will also have 156 basement parking slots, a convenience store, a laundromat, a food hall, lounge area as well as commercial spaces.  It will be equipped with a 24-hour CCTV and security and four high-speed elevators.

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