MEGAWIDE Construction Corp. said its real estate arm, PH1 World Developers, Inc., has completed the structural framework of Tower 1 of Avesta Residences in Cavite, marking a construction milestone as it expands its participation in the government’s Pambansang Pabahay para sa Pilipino (4PH) Program.

The company said the tower was topped off less than 10 months after construction began, underscoring the use of its precast construction technology.

“For both PH1 World Developers and Megawide Construction, the topping off after less than ten months from the start of construction conveys a clear message — we can deliver using our engineering expertise and pre-cast technology. We have a long way to go but it is always good to start on the right footing,” Megawide Chairman and Chief Executive Officer Edgar B. Saavedra said in a media release on Wednesday.

Avesta Residences is PH1 World Developers’ first development under the expanded 4PH Program, the government’s flagship housing initiative aimed at addressing the country’s housing backlog through public-private partnerships. The project’s progress comes as Megawide deepens its role in that effort, with the company saying it is currently constructing about 11,000 housing units under the expanded program.

Megawide said the latest milestone follows the beneficiary unit draw for Tower 1 held in December 2025.

“Our projects would not have come to fruition without the support and collaboration from our valued stakeholders and government partners. We warmly welcome these types of private and public cooperation as we push forward for more 4PH developments from PH1 and Megawide Construction,” PH1 World Developers President Gigi G. Alcantara said.

Following the launch of Avesta Residences, PH1 World Developers has expanded its participation in housing developments in Dasmariñas and Bacoor in Cavite, as well as Caloocan, the company said.

Megawide earlier said it plans to expand its horizontal housing developments in Cavite and Bulacan. It is currently constructing about 11,000 housing units under the expanded 4PH Program.

For 2026, Megawide is targeting a net income of P1.2 billion, driven by lower borrowing costs following debt reduction and continued growth in its construction and real estate businesses.

At the Philippine Stock Exchange, Megawide shares gained P0.02, or 0.47%, to close at P4.24 apiece on Wednesday. — Ashley Erika O. Jose