PH1 advances Avesta project as PropertyGuru recognizes development

FROM LEFT: Rowelyn Merencillo, head of accounts management at PH1 World Developers, Inc. (PH1WD); Ma. Gilda “Gigi” Alcantara, president of PH1WD; architect Gil Coscolluela of W.V. Coscolluela and Associates; and Kalvin Carreon, PH1WD project development manager for the Expanded Pambansang Pabahay para sa Pilipino (4PH) program.

PH1 WORLD DEVELOPERS, Inc., the real estate arm of Megawide Construction Corp., said its Avesta Residences project received a special recognition for national housing development at the 2026 PropertyGuru Philippines Property Awards.

The recognition was given during the awards ceremony on Aug. 20 at Shangri-La The Fort in Taguig City.

Avesta Residences is one of the company’s projects under the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) program, which seeks to increase the supply of affordable housing and help address the country’s estimated 6.5-million housing backlog, the company said in a statement on Monday.

PH1 World Developers tapped Megawide as the project’s contractor, using the construction company’s vertically integrated platform and precast technology to support faster and more consistent housing delivery.

“PH1 World Developers and Megawide are aligned in our goal of creating a First-World Philippines, where more Filipinos can experience First-World Living in the Philippines. By leveraging our Precast Technology, we are able to deliver quality homes faster while keeping them accessible and affordable for Filipino families,” PH1 World Developers President Ma. Gilda “Gigi” Alcantara said.

On Aug. 4, PH1 World Developers and Megawide topped off the first of five towers at Avesta Residences.

At the same PropertyGuru awards, Cebu Landmasters, Inc. was named Best Developer, while Landco Pacific Corp.’s The Spinnaker and P.A. Properties Hankyu Hanshin, Inc.’s Idesia were named Best Condo Development (Philippines) and Best Housing Development (Philippines), respectively.

PH1 World Developers’ portfolio includes vertical and horizontal housing projects, including developments under the expanded 4PH program in Imus City, Bacoor, and Dasmariñas in Cavite.

The article was originally published in Business World and written by Alexandria Grace C. Magno.

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