Megawide Construction Corp. (Megawide) and the Home Development Mutual Fund (Pag-IBIG Fund) have officially entered into a strategic Investment and Partnership Agreement to bolster the Philippine government’s Expanded Pambansang Pabahay Para sa Pilipino (4PH) Program.
The landmark agreement involves a P10-billion investment from Pag-IBIG Fund into Megawide Dreamrise Residences Inc., a wholly-owned subsidiary of Megawide. The capital, to be released in three tranches, will be used to fast-track the delivery of high-quality, affordable housing for Filipino workers.
The partnership aims to bridge the significant divide between housing demand and supply in the Philippines. By combining Megawide’s industrial-scale construction capabilities with Pag-IBIG’s financing power, the initiative seeks to deliver homes with unprecedented speed and cost-efficiency.
“The partnership with Pag-IBIG is strategic in the sense that it addresses the imbalance between demand and supply in the housing sector,” said Edgar Saavedra, Megawide Chairman and CEO. “We are uniquely positioned and technically proficient to deliver high-quality housing products that meet the requirements of the 4PH program, with speed and consistency.”
Immediate Goal: Delivery of at least 7,000 housing units over the next 2–3 years.
Long-term Roadmap: Megawide aspires to launch 100,000 units in total, with the first 50,000 units already identified for the next five years.
Initial Locations: Development is slated for five key sites in Cavite, specifically in Imus, Dasmarinas, and Bacoor.
Strengthening Member Benefits and Nation-Building
For Pag-IBIG Fund, the country’s premier home financing institution, this investment serves a dual purpose: expanding housing access and ensuring the growth of members’ savings.
“This partnership allows us to deliver affordable homes faster and make them more accessible to our members,” said Marilene C. Acosta, Pag-IBIG Fund CEO. “At the same time, it helps us prudently grow and protect our members’ savings through a Board-approved investment that further strengthens our already secure and profitable portfolio.”
The 4PH program, overseen by the Department of Human Settlements and Urban Development (DHSUD), recently introduced a subsidized 3% annual interest rate for socialized housing loans to make homeownership more attainable for the average Filipino worker.
Megawide brings a deep history of nation-building to this partnership. The company’s portfolio includes:
10,000 public school classrooms delivered under the PSIP.
The Mactan-Cebu International Airport and the new Clark International Airport terminal.
The Parañaque Integrated Terminal Exchange (PITX), the country’s first landport.
By pivoting its engineering expertise toward the residential sector, Megawide reinforces its commitment to providing “A Better Future for Every Filipino.”
