Filipino real estate company P.A. Alvarez Properties and Development Corp (P.A. Properties) plans to invest 25 billion Philippine pesos ($478.3 million) in 25 affordable housing projects over 5 years.
The projects, with each having an investment of $19.1 million and 1,000 housing units, will deliver 25,000 in new housing units and support the socialized and economic housing needs.
These properties are located in Bulacan, San Jose del Monte, Norzagaray, Malolos, Laguna, Cabuyao, Los Baños; Cavite, Dasmariñas, Pampanga, San Fernando and Batangas, Tanauan, Sto. Tomas.
P.A. Properties said that it aims to target 226 hectares in new land acquisitions for $66.9 million with 2019 to 2020 alone.