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Housing developer 8990 Holdings, Inc. inaugurated on Friday the amenity area of its largest condominium project to date, Urban Deca Homes Ortigas, in Pasig City, according to a report by BusinessWorld.
Located along Ortigas Avenue Extension in Barangay Rosario, Urban Deco Homes Ortigas boasts of 1.3 hectares of green lawns and trees, a lagoon and two basketball courts.
The developer is currently building the clubhouse, while a playground and a wellness area are being planned.
8990 Holdings President and Chief Executive Officer Anthony Vincent S. Sotto said their residential developments can help close the country’s growing housing backlog, estimated to reach around 12 million units by 2030.
“Our 1.3-hectare open space is but another way for us to help create an area where our homeowners can build community awareness. But it is highly accentuated because it is our largest open space that is located in the middle of an urban area,” he told reporters at the sidelines of the event.
Three of Urban Deca Homes Ortigas’ 22 planned towers are now occupied by unit owners.
Two- and three-bedroom units come at an average price of P2.86 million. Homebuyers can reserve a unit for P15,000, and pay P23,570 per month for three months to cover the initial 3% down payment.
With accreditation from the Bank of the Philippine Islands and Security Bank and a partnership with the Home Development Mutual Fund (Pag-ibig Fund), 8990 Holdings offers several loan options for homebuyers.
These loan options will best suit young professionals and newly married couples looking to own their first home, Mr. Sotto added.
He said 8990 Holdings is looking into environmentally sound energy sources for their properties.
Urban Deca Homes Ortigas’ amenities area, for instance, includes sewage treatment plants for wastewater management.
“We wanted to really make sure that we’re able to reuse water that’s coming from our homeowners for gardening,” he said.