{"id":136439,"date":"2017-12-05T02:47:15","date_gmt":"2017-12-05T07:47:15","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=136439"},"modified":"2017-12-05T02:47:15","modified_gmt":"2017-12-05T07:47:15","slug":"8990-holdings-sets-p3-b-capex-for-2018","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/12\/05\/8990-holdings-sets-p3-b-capex-for-2018\/","title":{"rendered":"8990 Holdings sets P3-B capex for 2018"},"content":{"rendered":"
\"Listed<\/a>
Listed mass housing developer 8990 Holdings Inc. is earmarking PHP3 billion in capital expenditures (capex) for 2018, higher than this year\u2019s PHP2 billion, to launch more residential projects. (Photo<\/a>: 8990 HOUSE\/Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA\u00a0— Listed mass housing developer 8990 Holdings Inc. is earmarking PHP3 billion in capital expenditures (capex) for 2018, higher than this year\u2019s PHP2 billion, to launch more residential projects.<\/p>\n

Incoming president and chief operating officer Willie Uy said the company aims to introduce to the market at least five residential projects next year in Iloilo, Cebu, Davao, and Ortigas Extension in Metro Manila.<\/p>\n

\u201cIf the permits will start coming out, there is a possibility that other projects can be launched also within the year,\u201d Uy told reporters on Monday.<\/p>\n

He said it is now applying permits for other locations, including Las Pi\u00f1as and Cubao, Quezon City.<\/p>\n

\u201c(Next year\u2019s capex will be used) mostly for construction of high-rise projects because these are highly capitalized. On landbanking, we will just replenish the land. The landbank strategy (is to acquire) 500 hectares at any given point in time,\u201d said company chief financial officer Roan Torregoza.<\/p>\n

The company currently has a land bank of 554 hectares.<\/p>\n

\u201cIn the next 10 years, I don\u2019t think the demand for housing in our price levels will subside,\u201d added Uy. \u201cAt levels of below PHP2 million, this is the market that needs houses.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— Listed mass housing developer 8990 Holdings Inc. is earmarking PHP3 billion in capital expenditures (capex) for 2018, higher than …<\/p>\n","protected":false},"author":33,"featured_media":136445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[37111,37112],"class_list":["post-136439","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-8990-holdings-inc","tag-capital-expenditures","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/136439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=136439"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/136439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/136445"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=136439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=136439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=136439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}