MANILA, Philippines — 8990 Holdings Inc., the listed mass housing developer, reported a 12 percent hike in net income in the first quarter to P1.3 billion on sustained double-digit growth in revenues. Revenues rose 15 percent to P3.5 billion during the period. The company delivered a total of 2,291 housing units, up four percent year on year. This follows 8990’s ..
8990 Holdings Inc. chairman Mariano Martinez. Leading property developer 8990 Holdings Inc. takes a step higher as it tops off the first building in its newest 22-tower condo residential development, Urban Deca Homes Ortigas. The 13-hectare project, located in the heart of Pasig City, is part of 8990’s rapid expansion — its biggest project to date. It will be completed ..
MANILA, Philippines — Mass housing developer 8990 Holdings Inc. had sold P5 billion worth of contract-to-sell (CTS) receivables to a local financial holding firm. In a disclosure to the Philippine Stock Exchange, 8990 said the receivables were sold to Dearborne Resources and Holdings Inc. The transaction was funded by China Banking Corp.
MANILA, Philippines — 8990 Holdings Inc has launched a P2 billion mid-rise condominium development in Cebu City to take advantage of the strong economic growth in Central Visayas. The company sees Visayas and Mindanao as high growth areas, with 45 completed projects since 2003. The company is pouring in around P800 million until 2021 for the development of Urban Deca ..