It was a triumphant day for housing as the country’s leading mass housing developer, 8990 Holdings Inc., was named by The Home Development Mutual Fund (Pag-IBIG Fund) as the No. 1 developer for both Visayas and Mindanao.
The company’s Deca Homes GenSan 1 project in General Santos City propelled 8990 to bag the top citation for Mindanao. Overall, the developer bagged five awards in the Pag-IBIG Fund STAR (Stakeholders Accomplishment Report) Awards for the first half of 2021.
Atty. Anthony Vincent Sotto, president & CEO of 8990, said that the awards recognize 8990’s mission to continue serving the strong demand for low-cost housing in the Visayas and Mindanao regions. He also praised Pag-IBIG Fund for continuing to release home loans to qualified employees and overseas Filipino workers even during the pandemic. Thus, despite the ongoing health crisis, many Filipinos are able to fulfill their dream of finally owning their dream home.
8990 also garnered the following additional awards:
Best in Conversion for North Luzon; No. 7 among the Top 10 Developers for North Luzon; and No. 8 among the Top 10 Developers for the National Capital Region.
The company’s Visayas developments that contributed to its outstanding performance in the area are Deca Homes Pavia Resort Residences 1 and 2 in Pavia, Iloilo; and Deca Homes Sta. Barbara Resort Residences, also in Iloilo.
8990’s North Luzon projects include Deca Homes Meycauayan in Bulacan, Urban Deca Homes Campville in Muntinlupa City, Urban Deca Homes Ortigas in Pasig City, Urban Deca Homes Manila in Tondo, and Urban Deca Towers EDSA in Mandaluyong City.
Pag-IBIG Fund also recognized Ovialand Inc. (Ovialand), a housing developer that provides Filipino families good value for their money, as the No. 3 Pag-IBIG Fund Accredited Developer in South Luzon for the first half of 2021.
Ovialand received the award for its significant contribution to Pag-IBIG’s efforts to provide every Filipino worker and their families the opportunity to own a home. The award was given in line with the national government’s Building Adequate, Livable, Affordable, and Inclusive Filipino communities (BALAI) shelter program, which envisions strong family togetherness and their opportunity to thrive in vibrant, culturally diverse, resilient, and secure communities.
Ovialand previously announced its plans for expansion and the holding of an initial public offering by next year to raise funding for its initiatives and the nationwide expansion of its housing portfolio by 2030. The company currently has properties in Batangas, Laguna, and Quezon.
Ovialand recently signed a joint venture agreement with Kyushu Yaesu Co. Ltd., a Japan-based wholly-owned subsidiary of Saibu Gas Holdings Co. Ltd., for the development of Santevi. This marks the company’s third housing development project in San Pablo, Laguna, after Sannera and Savana, its first two developments in the area.
“We are so grateful for our partnership with Pag-IBIG Fund. They have made homeownership easy and accessible for all their members — especially during the time of the pandemic when many Filipinos desire security and stability in their own homes,” said Pammy Olivares-Vital, president of Ovialand.