Owning a decent and affordable home right in the heart of Manila is now possible.
Mass housing developer 8990 Holdings Inc. is helping the hardworking Filipino realize this dream through its latest project, Urban Deca Homes Manila, the first large scale, mixed use development to rise in the Tondo area.
“Urban Deca Homes Manila in Tondo is not an investment. It is your first home—your home in the city. We look at it also as a viable alternative to buying a home outside of the city. This is because you lose a lot of time commuting from the suburbs to your place of work within the city,” explained 8990 Holdings president and chief executive Willie Uy.
“Our condominium units are generally below P2 million and you cut more than an hour’s worth of commute if you live inside of Metro Manila. Right now, if your budget for a home is around this much, the only option would be to rent within the city or buy a home in nearby provinces such as Bulacan, Cavite or Rizal,” Uy said in an interview with the Inquirer.
According to Uy, prices of the units range from only P1.4 million to P2 million. This would mean that the typical monthly amortization for studio units at Urban Deca Homes Manila would be less than P12,000. Think—for this amount, one can already own an asset worth close to P2 million.
“And living nearer work, and spending more time with the family makes it even more worth it,” he added.
8990 Holdings sees the residents of Tondo and those living in the Port Area, Intramuros, Divisoria and the Camanava (Caloocan-Malabon-Navotas-Valenzuela) area as its direct market for Urban Deca Homes Manila. And so far, the market reception for the Tondo project has been warm, as evident in the robust sales, according to Uy.
“The market has been very enthusiastic. We’ve already sold close to 2,000 units of the 2,500 we have launched so far,” Uy disclosed.
Uy noted that being the only developer in Tondo makes Urban Deca Homes Manila unique in value. Add to that the fact that 8990 Holdings also offers one of the longest loan tenures in the market, thus enabling more Filipinos to afford a unit in any of their projects.
He further shared: “We help advocate financial literacy which we believe is important. We do not only want our buyers to know what their financial obligations are, but more importantly, to also see the value of their investment.”
Urban Deca Homes Manila is a mixed-use development within an 8.4 hectare property in Tondo, Manila. It will have 13 buildings with a total of 13,212 units and an 11,000 sqm mall within the property. Amenities include a clubhouse, basketball court and landscaped gardens that all residents can enjoy.
Much like 8990 Holding’s previous developments, Urban Deca Homes Manila will serve as a safe and well-planned refuge for those who seek to upgrade and improve their living conditions. Through such projects, the company is hopeful that they can be instrumental in helping every Filipino realize his or her lifelong dream of owning a decent, but affordable shelter.
Reference Link: Philippine Daily Inquirer