Megawide Construction Corp. has secured its eighth project with PHirst Park Homes Inc. The Company signed a contract to "supply and build" 1,664 housing units using precast materials in PPHI General Trias. This is the second partnership for the two companies in Cavite; Megawide also supplied and built PPHI Tanza in 2018.

The contract will further expand Megawide's precast order book and strengthen its presence in the horizontal housing segment. For more efficiency and faster turnover, the Company is also set to build an onsite precast molding and concrete batching plant to manufacture precast housing components for the project. Based on data from the Housing and Urban Development Coordinating Council the country's estimated total housing backlog is 5.7 million for 2011-2016, which will require the construction of 2,600 homes per day in the next six years to be addressed.

Megawide Precast brings value engineering to horizontal housing Megawide's proprietary precast technology enables speed to market with its quick turnaround time. The product's consistency also reduces long-term costs by limiting manpower needs and minimizing rework. These are on top of environmental and social benefits such as significantly reducing noise and dust pollution during construction.

The General Trias project is the Company's eighth project with PPHI. In total, it is building close to 13,000 units for PPHI in project sites across Luzon.