MASS housing developer 8990 Holdings is developing a new condominium tower in Cubao, Quezon City that offers affordable “halfway” houses to urban workers.
8990 Holdings’ subsidiary 8990 Housing Development Corp. to construct the 45-storey “Urban DECA Tower-Cubao” near the Cubao Station of the MRT – a development that offers small residential units closer to the occupant’s place of work, based on
a disclosure to the Philippine Stock Exchange on Wednesday. Construction cost is estimated at P3.6 billion. Located on a 4,310 -square meter site along EDSA corner Banahaw Street fronting the Farmers Market in Araneta Center, the new offering will have 5,207 residential units, 51 parking slots and 260 units for commercial space leasing. Period of completion is estimated at 48 months, with the initial delivery of lower ground units by the third year. Under 8990’s “halfway house” concept, the units measuring 13 square meters will come fully furnished with beds, cabinets, complete toilet and bath, table and chairs, air condition units and microwave.
“With retail prices starting at P1.2 to P1.5 million per unit, monthly amortizations become very affordable, highlighted by the value proposition of living in a highly accessible prime location like Cubao,” 8990 Holdings chief executive officer Januario Jesus Atencio said. This is 8990 Holding’ second foray into this “halfway” house condominium concept, which Atencio noted was a follow-up to the successful launch of the initial project based on this concept in EDSA Pasig. He was referring to the condominium project along EDSA between Shaw Boulevard and VM Potenciano Medical Center, which is estimated to be 100 days ahead of its construction schedule and 55 percent sold when pre-selling began last January 2016. unit size: studio 13sqm
reservation: P10,000 ($218)
monthly: P2,000 ($44)- P3,000 ($65.5) for 48 months | TCP: P1.2M (estimated)
Tower: 45 Floors, Density: -
location: along EDSA corner Banahaw Street fronting the Farmers Market in Araneta Center
Developer: http://8990holdings.com/
Contractor: http://www.megawide.com.ph/
PM/Text/Call for more details:
09177891286 | 09262223777 | 09397140300
email:urbandeca8@gmail.com
