8990 Holdings, Inc. said that it will be launching two new projects this year, in Quezon City and Pampanga, which it expects to generate P6 billion each apart from its pipeline projects for the coming years. READ:
“Both of these projects would bring P6 billion each in revenues once completed,” 8990 Holdings President Anthony Vincent Sotto said during the company’s annual stockholders meeting on Monday.
The company has several ongoing projects, including its Urban Deca Homes in Marilao, which will have 3,780 units; and Urban Deca Homes Banilad in Cebu, which will have 3,264 units. Both are expected to be completed by 2023. In 2025, the company expects the completion of its Deca Homes Meycauayan project, which will have 5,169 units; Urban Deca Homes Ortigas, which will have 19,046 units; and Deca Homes Talomo in Davao, with 5,948 units.Mr. Sotto said consumers are feeling the pinch of price inflation and 8990 Holdings was also affected in terms of construction costs.
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