Dhsud-backed deal tops off two 4PH towers in Cavite

Two towers of the Jab Residences socialized housing project in Dasmariñas, Cavite have reached the topping-off stage on 1 October, only seven months after the project’s concrete-pouring ceremony as the private sector pushes ahead with the government’s expanded housing program.

Megawide Dreamrise Residences Inc. (MDRI), a partnership between Megawide Construction Corp. and the Department of Human Settlements and Urban Development through the Pag-IBIG Fund, held the simultaneous topping-off of Towers C and D on Thursday, 1 October.

The milestone marks the completion of the towers’ structural framework and the start of the succeeding phases of development.

MDRI chairman Edgar Saavedra said the project shows the potential of collaboration between government and private developers to accelerate the delivery of affordable housing.

“This milestone is a very important step for the government, the Filipino people, and the country. We are proud to be part of this pioneering initiative that aims to accelerate the construction of First-World, affordable, and accessible housing developments for many Filipino families,” Saavedra said.

Meanwhile, Pag-IBIG Fund chief executive officer and president Marilene C. Acosta said the progress reflects the potential of combining public and private sector resources with financing support.

“It shows what can happen when government, private sector capability and responsible financing come together behind one shared purpose,” Acosta said.

Jab Residences is among MDRI’s two housing projects in Dasmariñas, with the other being Jenara Residences. The two developments are expected to deliver a combined 7,143 housing units over the next two years.

The projects are part of Megawide’s broader target to develop 100,000 socialized housing units under the expanded Pambansang Pabahay Para sa Pilipino (4PH) Program within five to seven years.

The launch also marks the beginning of National Shelter Month. Housing Secretary Jose Ramon Aliling, who attended the ceremony, said the milestone underscores his department’s efforts to provide safe, decent and affordable housing for Filipino families.

“The topping-off of 4PH-Sampaloc III is a clear testament to the continued and accelerated progress of our housing program. With every building we complete, we bring families closer to the homes they have always dreamed of,” Aliling said in Filipino.