Megawide tops off two towers at Jab Residences in Cavite socialised housing project

Megawide Construction Corp., through its subsidiary Megawide Dreamrise Residences, Inc., has topped off two towers at Jab Residences in Dasmariñas, Cavite, under the government’s Expanded 4PH Program. The developer pledged monthly amortisations starting at ₱2,500 and free shuttle services for two ye

Megawide Construction Corp., through its subsidiary Megawide Dreamrise Residences, Inc. (MDRI), on Thursday completed the structural framework of two towers at Jab Residences in Dasmariñas, Cavite, under the government’s Expanded Pambansang Pabahay Para sa Pilipino (4PH) Program. The simultaneous topping-off of Towers C and D on 1 Oct 2026 came seven months after the project’s concrete pouring ceremony in February. The milestone marks the development’s transition to the next phases of construction.

MDRI Chairman and President Edgar B. Saavedra said the company wanted to challenge the perception that socialised housing meant lower-quality homes, pledging to deliver developments comparable to private residential projects. “What we want to prove is that socialised housing can be developed with the same care as other projects and that it can be better than what people expect,” he said during the ceremony. Mr. Saavedra said the company had committed to a monthly amortisation starting at ₱2,500 for the first four years under a graduated payment scheme, subject to the program’s approved terms, with payments increasing to ₱3,500 from the fifth to the 10th year before rising further under the schedule.

The developer also plans to provide at least two shuttle vehicles offering free service to residents for the first two years, addressing concerns about the project’s accessibility and the cost of commuting from the development. “The location is quite far if you have to walk. Taking a tricycle might also be too expensive. So, we will provide two shuttles and free service for the first two years,” Mr. Saavedra said. He added that improvements to road access would also be pursued to address residents’ concerns about connectivity.

Meanwhile, Pag-IBIG Fund Chief Executive Officer and President Marilene Acosta said the project demonstrated how government support, private sector expertise and housing finance could work together to expand access to homeownership. “Today, we are not merely talking about the promise of housing. We are seeing that promise rise before us,” Ms. Acosta said during the ceremony. She said Pag-IBIG Fund invested ₱10 billion in Megawide preferred shares last year to support the development of more than 7,000 condominium housing units in Dasmariñas, adding that the investment earns an annual return of 9 per cent.

MDRI is a partnership between Megawide and the Department of Human Settlements and Urban Development (DHSUD), through state-run Home Development Mutual Fund, or Pag-IBIG Fund, to develop socialised housing using mechanised and modernised construction methods. MDRI’s current portfolio includes Jab Residences and Jenara Residences, both in Dasmariñas, which are expected to deliver a combined 7,143 housing units over the next two years. The projects form part of the Megawide Group’s target to build 100,000 socialised housing units under the expanded 4PH program over the next five to seven years.