Megawide eyes more housing projects in Cavite, Bulacan

MEGAWIDE Construction Corp. plans to expand its horizontal residential developments in Cavite and Bulacan, the listed engineering and construction company’s top official said.

“Our subsidiary, we are focusing on socialized housing, affordable and horizontal housing (projects) such as the Southscapes. We will be launching more new projects in the southern part area like Cavite and also in the Bulacan area,” Megawide Chairman, President, and Chief Executive Officer Edgar B. Saavedra said during the company’s annual stockholders’ meeting last week.

Through its property unit, PH1 World Developers, Inc., Megawide last year earmarked P1 billion for Southscapes, a residential development in Trece Martires, Cavite.

Located in Barangay Lapidario, Trece Martires, the five-hectare (ha) project will have 343 housing units featuring modern design and energy-saving features.

Mr. Saavedra also said the company plans to develop additional projects under the government’s expanded Pambansang Pabahay para sa Pilipino (4PH) Program in other cities and municipalities.

“The priority of the company is to focus on Metro Manila. Obviously, you have the southern part, Cavite; and the northern part will be somewhere in Bulacan. This is primarily to focus on the Metro Manila market,” he said, adding that Megawide is pursuing developments near Metro Manila to help reduce travel time.

Megawide is currently building about 11,000 housing units under the expanded 4PH Program.

For 2026, the company is targeting a net income of P1.2 billion, expecting lower borrowing costs following debt reduction and continued growth in its construction and real estate businesses to support earnings.

In the first quarter, Megawide’s attributable net income rose 24% to P265.35 million, driven by stronger real estate operations and sustained performance in its construction business. — Ashley Erika O. Jose