MANILA: The Department of Human Settlements and Urban Development (DHSUD) has observed the private sector’s “growing confidence” in the administration’s flagship Pambansang Pabahay para sa Pilipino Program (4PH).
DHSUD Secretary Jose Rizalino Acuzar said the entry of Megawide Construction Corporation to the 4PH project in Imus City, Cavite is an example of such confidence in the government’s housing program.
‘Nakakataba ng puso ang tiwalang nakukuha ng 4PH sa ating pribadong sektor (The trust that the 4PH gets from the private sector is overwhelming). This clearly shows that we are on the right track in addressing the country’s housing need,’ he said in a news release Thursday.
Acuzar and Megawide CEO Edgar Saavedra joined Imus City Mayor Alex Advincula at the groundbreaking ceremony of a 4PH project in Barangay Malagasang 1-G last May 28.
The project is composed of mid-rise condominium buildings and will be developed by PH1 World Developers (PH1WD) – Megawide’s real estate arm.
A five-tower mid-rise res
idential community with 1,100 units is set to rise inside a 1.7-hectare property.
It will be located at the center of one of Cavite’s districts, 400 meters from the New Imus City Hall.
Acuzar said Megawide’s participation would ‘significantly contribute’ to the government’s objective of addressing the country’s housing need, providing Filipinos safe, decent and affordable housing in sustainable communities.
He said cooperation between and among the DHSUD, private sector and local government units is key in resolving the backlog in housing projects.
Source: Philippines News agency
